Income statement: In the case of sole proprietary and partnership concerns there are no prescribed forms of the income statement and balance sheet. Their preparation is also desirable but not compulsory. However‚ they are generally prepared. In the case of trading concern‚ a trading account and in the case of a manufacturing concern‚ a manufacturing account and a trading account can also be prepared. In such a case‚ the account heading is mentioned as follows: Manufacturing/trading and profit and
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Liqi wang Accounting Income tax Both Amgen and Gilead are fully disclosed the income tax information according to GAAP requirements. Both companies recorded income tax in financial statement such as income statement and specified the detailed components of income taxes. Amgen recorded income tax based on pretax income‚ applicable tax rate and tax planning opportunities available in various jurisdictions. Gilead’s income provision was computed under liability method. Both
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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Nanosolar Inc. Case Study Analysis Nanosolar is a start-up company and expects to be one of the first manufacturers to produce thin-film solar panels using copper indium gallium (di)selenide (CIGS) technology. Nanosolar is focused on selling a single type of thin-film Photovoltaic (PV) module called the “Nanosolar Utility Panel”. The utility panel is 50% less energy efficient than c-Si modules‚ but being 90% less expensive to produce. Strategic Options: (1) Continue to invest in European and
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M2. Case Analysis: Employee Attitudes Module 2 1. Which of Schwartz’s 10 values are driving the behavior of managers at Bain & Company‚ Home Depot‚ and Best Buy? Provide examples to support your conclusions. Bain’s management is driven by he Schwartz’s values of power and self- direction. In a downturn‚ he chose to go against the grain and take advantage of the situation‚ hiring people instead of laying off which allows him to snatch up recently unemployed or underemployed quality candidates
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Sarah GunsetACCT 325 Phase 2 IP-2Jason Cade July 21‚ 14 Ethics plays such an important role in the business world. There are organizations and boards that set guidelines specifically to improve the work environment and help control the amount of ethical dilemmas. The SEC works as the head quarters for these boards and has developed many new guidelines since the crisis of the early 2000’s. The International Ethics Standards Board for Accountants (IESBA) has established ethical standards and
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MODULE 2: LANGUAGE AND COMMUNITY The West Indies coincides with the following territories of the Commonwealth Caribbean: Jamaica‚ Trinidad‚ Tobago‚ Guyana‚ Barbados‚ Grenada‚ St. Lucia‚ St. Vincent‚ Dominica‚ Antigua‚ St. Kitts‚ Nevis‚ Anguilla and Montserrat. (a) Differentiation between ‘language’ (generic) and ‘a language’ (individual). Language is an ability which every normal human being has and it allows him not only to communicate with other human beings but also with himself
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Module 2 Journal My goal after I graduate from Grand Canyon University is to be a teacher at Florida School for the Deaf and the Blind (FSDB). I was a student at that school until I graduated in 1999. The whole time I was there‚ there was not a moment where I did not enjoy myself. I was always interacting with my classmates and teachers. I enjoyed being involved with the after-school activities‚ including the sports. I played football‚ basketball and track all my high school years. As far
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SAINT FRANCIS OF ASSISI COLLEGE 045 Admiral Village‚ Talon III‚ Las Piñas City GRADUATE SCHOOL OF EDUCATION Course Code: EDMA 534 Course Title: Financal Management Professor: Dr. Alfred Orosco Submitted by: Marilou T. Buenaventura MODULE 2 for FINANCIAL MANAGEMENT IN SCHOOLS 1. What general advice would you give to a new school head regarding strategy and planning the finances of a school? Schoolhead has an authority‚ responsibility and accountability to set the vision/mission‚ goals and
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Financial Statement Differentiation Paper ACC/561 Financial Statement Differentiation Paper All owners and business managers need to have current financial information to take decisions on its future operations. The financial statements are the documents to be prepared by the company at the end of the accounting period in order to meet the financial and economic performance in the activities of his company over a period. Balance Sheet Goods and credit reports at a specific
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