1. award: 0 out of 0.00 points Willkom Corporation bought 100 percent of Szabo‚ Inc.‚ on January 1‚ 2011. On that date‚ Willkom’s equipment (10-year life) has a book value of $472‚500 but a fair value of $629‚500. Szabo has equipment (10-year life) with a book value of $283‚000 but a fair value of $440‚000. Willkom uses the equity method to record its investment in Szabo. On December 31‚ 2013‚ Willkom has equipment with a book value of $330‚750 but a fair value of $530‚250. Szabo has equipment
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10/13/12 Assignment Print View Score: 45.94 1. out of 50 points (91.88%) aw ard: 10 out of 10.00 points Chapman Company obtains 100 percent of Abernethy Company’s stock on January 1‚ 2011. As of that date‚ Abernethy has the following trial balance: Debit Accounts payable Accounts receivable Additional paid-in capital Buildings (net) (4-year life) Cash and short-term investments Common stock Equipment (net) (5-year life) Inventory Land Long-term liabilities (mature
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been accomplished in two ways. First‚ case content has been altered to include Lakeside’s consideration of financing expansion through an initial public offering‚ and the resulting impact such a decision would have on Lakeside and on Abernathy and Chapman‚ CPAs. Second‚ the discussion questions and exercises have been expanded to include consideration of Sarbanes-Oxley and new auditing and independence standards‚ both by adding a section in the end-of-chapter material and by reference in the other
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Discussion Questions (1) There could be various reasons to why the physical count of Lakeside’s inventory produces a balance that is almost $14000 below the figure indicated by the company’s own perpetual records: Inventory may have been counted incorrectly Company’s inventory may be out on consignment It may be an indication of theft Perpetual records may be in error i. Human error ii. FIFO not properly applied Inventory that are damaged or obsolete may be disposed without recording a reduction
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Case 5 - Exercise 2 Abernethy and Chapman Internal Control Evaluation Client: Prepared by: Date: Exhibit 5-2 is a portion of the audit program that Mitchell designed to test the operating efficiency of controls in the revenue and cash receipts cycle. For each individual test‚ indicate the anticipated results if the control procedure is working properly. Also‚ if the control is not functioning properly‚ list the potential problems that exist. Use the following format for your response: Step
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empirical research on the topic (Abernethy and Chua‚ 1996; Alvesson and Karreman‚ 2004; Simons‚ 1995). There are a number of reasons why studying the MCS package phenomenon is important. Firstly‚ MCS do not operate in isolation. While much of the MCS research considers single themes or practices that are seemingly unconnected from each other and the context in which they operate‚ these invariably sit within a broader control system (Chenhall‚ 2003). This has
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to describe the interconnected maze of nerves that carry the painful stimulus to all the different areas of the brain such as the central cortex‚ thalamus and limbic system that are involved in perceiving‚ reacting to and regulating pain. (Keefe‚ Abernethy & Campbell 2005‚ Melzack 2005‚ 2001‚ 1999‚ Moseley 2003) Essentially three different areas of information feed into the neuromatrix. 1. Sensory information from our physical body (skin‚ muscle‚ organs etc). 2. Cognitive information from
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Fredrick Turner’s frontier hypothesis. Thomas Perkins Abernethy disagreed with Turner’s hypothesis. Turner saw frontiersmen as people who used the West as a “safety valve” to escape the oppressing East (Davidson and Lytle 103). Abernethy refuted Turner’s perspective by pointing out that the West was not just a safety valve‚ but also a place for powerful men to expand their fortune. Turner viewed Jackson as the epitome of the frontiersmen‚ whereas Abernethy viewed him as a “gentleman” and aristocrat‚ much
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managing the workflow (Bouwens & Abernethy‚ 2000; Kalagnanam & Lindsay‚ 1998). As organizations adapt to these developments‚ they must make sure that the MAS is designed congruent with the new control requirements (Chenhall‚ 2003). Drawing on contingency-based approaches‚ it is argued that the study of appropriate MAS designs in these new settings can be enhanced by considering the fit between the MAS‚ departmental interdependencies 1 and organizational
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References: Gary Dessler‚ (2006)‚ Human Resource Management‚ 10th edition‚ Prentice-hall‚ India. Wood-Chapman- Fromholtz- Morrison‚ (2004)‚ Organizational Behaviour‚ 3rd edition‚ Willey‚ Australia. Raymond A. Noe‚ John R. Hollenbeck‚ Barry Gerhart‚ (2002)‚ Human Resource Management‚ 4th edition‚ McGraw- Hill‚ Irwin. Carroll‚ S. J.‚ & Schneier‚ C. E. (1982)
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