complete each of the following short answer questions as required. Question 21: (4 marks) What is a cash generating unit? For the purposes of asset impairment testing‚ when is it necessary to consider cash generating units rather than the individual assets comprising the unit? Question 22: (4 marks) Explain the general nature of the accounting requirements specified in AASB 1039: Concise Financial Reports. Question 23: (4 marks) Define the terms ‘consolidated entity’ and ‘reporting entity’.
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5.01 Assessment: World War Again 1- After the effects of World War I Americans were keen on the idea of isolationism. They wanted to focus on improving their economy rather than helping another country across the ocean. The new president Warren G. Harding had promised Americans their "return to normalcy" . They wanted their economy to stabilize and thrive‚ spending money on wars that weren’t their own wouldn’t favor them. After World War I the ideas of isolationism were favored by most Americans
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CH 4 Homework Questions 6‚7‚8‚9 6. Property taxes are recognized in the period that the taxes are levied. In the fund statements‚ the taxes must meet the additional criterion that they be available. 7. Sales tax should be recognized in the period in which the underlying sales transaction occurred. Sales tax originates from an underlying economic event‚ which are sales transactions. It is appropriate to recognize revenue at the time of the event. 8. Reimbursement grants are payments
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ACC 422 Final Exam Wileyplus Copy this link to your browser and download http://www.finalexamguide.com/ACC-422-Final-Exam-2-WileyPlus-167.htm Question 1 Kraft Enterprises owns the following assets at December 31‚ 2012. Cash in bank–savings account 67‚ 516 Checking account balance 26‚445 Cash on Hand 9‚478 Postdated checks 753 Cash refund due from IRS 40‚324 Certificates of deposit(180 day) 94‚754 What amount should be reported as cash? Question 2 Presented below
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ACC 290 Week 2 Accounting Problems www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-2-accounting-problems/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Resources: WileyPLUS and Financial Accounting Access WileyPLUS using the link on the student website. Complete the following in WileyPLUS: • Exercise E3-4 • Exercise E3-9 • Problem 3-5A • Problem 3-6A ACC 290 Week
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Accounting for Partnerships In the business world‚ there are different types of businesses can be classified into various forms of ownership. Some of those forms are a corporation‚ sole proprietorship‚ and a partnership. The form I will be discussing in this paper is called a partnership. A partnership is when two or more people own and operate in a business which also takes part of the responsibility. Our text says that “Partnerships are a popular form of business because they are easy to form
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following assets and paid for them by cash: Furniture and Fittings $30 000 Equipment $ 45000 A motor van was purchased on account from Saunders Ltd for $40 000. 2 Purchased computer parts for $36 000 cash 3 Sold parts for $60 000 cash 4 Purchase goods on account from Android Enterprise $18 000; ABC Ltd $15 000 and Peter Smith
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ACC/561 Sample Final Examination Week One: Decision Making Objective: Explain the role of budgets and performance reports in the management decision-making process. 1. The Hola Company held a Christmas party. The company expected attendance of 100 persons and prepared the following budget: Hotel room rental $600 Food 500 Entertainment 800 Decorations 300 Totals $2‚200 After all bills for the party were paid‚ the total came
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XYZ‚ Inc. purchased a 2-year 6% corporate bond at par with a face value of $100‚000 (they will receive interest payments on October 31 & April 30) 3) On 5/3/09 XYZ declares a cash dividend of $0.03 per share (100‚000 shares outstanding) 4) Paid $60‚000 on 5/10/09 for inventory purchased on account in April 5) Sold $3‚500 of inventory to a customer on account on 5/17/09; cost of merchandise sold is $2‚000 6) Received $10‚000 from a customer on 5/20/09. The sale was made on account
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ACC 100 AC 100 Final Project Paper Fed Ex vs. UPS Jennifer Kulka‚ Yukari Matsubara‚ Cathy Myers and Elizabeth Scofield Notre Dame de Namur University Federal Express was founded in 1973 by Fred Smith. The idea came from FedEx Corporation operates in four segments. FedEx Express is the world’s largest express transportation company‚ delivering some 3 million packages daily. It provides transportation‚ e-commerce‚ and business services worldwide. The company offers a range of shipping services
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