restricted and held against long-term credit may be included among current assets. d.none of these. 28.The category "trade receivables" includes a.advances to officers and employees. b.income tax refunds receivable. c.claims against insurance companies for
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
University Department of Business Administration Principle of Accounting: MID-Exam 1 (Problem) March 18 ‚ 2013 Student Major and Class (系級) Student Name Student Number Problem 1 (10 points‚ 2 point/each) 1. Which of the following is incorrect about the statement of cash flows? a. It is a fourth basic financial statement. b. It provides information about cash receipts and
Premium Balance sheet Stock market Stock
BYP1-6 Wayne Terrago‚ controller for Robbin Industries‚ was reviewing production cost reports for the year. One amount in these reports continued to bother him—advertising. During the year‚ the company had instituted an expensive advertising campaign to sell some of its slower-moving products. It was still too early to tell whether the advertising campaign was successful. There had been much internal debate as how to report advertising cost. The vice president of finance argued that advertising costs
Premium Ethics Report Vice President of the United States
that what kind of advantage to New Zealand with the Hobbit movie. New Zealand has a both advantages comparative and absolute. Comparative advantage means “A situation in which a country‚ individual‚ company or region can produce a good at a lower opportunity cost than a competitor.” (Gans‚ King‚ Stonecash‚ & Mankiw‚ 2011) And Absolute advantage means “The ability of a country‚ individual‚ company or region to produce a good or service at a lower cost per unit than the cost at which any other entity
Premium The Lord of the Rings film trilogy Warner Bros. The Hobbit
Origins All types of businesses‚ whether service‚ manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚
Premium Management accounting Costs Cost accounting
FFR‚ O (3) FFR‚ I/P (4) MA‚ O (5) MA‚ R (6) FFR‚ I/P (7) FFR/ O (8) FFR‚ R (9) FFR‚ R (10) MA‚ I/P (11) MA‚ R (12) FFR‚ O 8.27 Fraud risk (a) Fraud risk factors ASA 240 - high degree of competition in the market - Domination by Rob Bigbucks (CEO&chairman) - Threatened employees with no pay rises - Significant portion of sales managers salaries are paid in bonuses - The industry is in a recession and it is starting to affect the company – Potentially leading to obsolete stock and
Premium Auditing Audit Internal control
UNIVERSITY OF LONDON 279 0025 ZA 996 D025 ZA BSc degrees and Diplomas for Graduates in Economics‚ Management‚ Finance and the Social Sciences‚ the Diploma in Economics and Access Route for Students in the External Programme Principles of Accounting Wednesday‚ 5 May 2010 : 10.00am to 1.15pm Candidates should answer FOUR of the following SEVEN questions: QUESTION 1 of Section A‚ QUESTION 2 of Section B‚ ONE question from Section C and ONE further question from either Section B or C.
Premium Balance sheet Generally Accepted Accounting Principles Asset
compared with when the company still adopts seasonal production. The forecast will through light on the financial needs of the company. First of all‚ production will be distributed evenly throughout the year under level production. This implies material purchases should also be constant. In 2012‚ Polar Sport foresees total material purchases of $5‚940‚000. Based on that‚ we know the company is going to need to purchase material worthy of $495‚000 monthly. Since the company has 30-day payment term
Premium Generally Accepted Accounting Principles Income statement Cash flow
Brief Exercise 11.1 Alpha Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 10) 100‚000 Additional paid-in capital (10‚000 * 3) 30‚000 Total paid-in capital 130‚000 Retained Earnings 75‚000 Total Stockholder Equity 205‚000 Brief Exercise 11.2 Beta Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 25) 250‚000 Issued and outstanding preferred stock (10‚000 * 100) 100
Premium Stock market Corporate finance Stock
Handout on Comparative Reading for English 2 Description: The requirement is inspired by Lisa Bu’s experience with reading. She found happiness in the world of books after losing her dream of becoming a Chinese opera singer. Her experience synthesizes the reading texts covered in the first part of the preliminary grading period on: What is Reading‚ Stages of Reading‚ Importance of Reading‚ Processes of Reading‚ and The Types of Reading. Having her experience and insights as a model‚ you are expected
Premium Writing Venn diagram