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
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CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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effects of prepayments and adjustments resulting from defects in eligibility of the transferred receivables. (FASB ASC 860-10-20) 3) Collateral: “Personal or real property in which a security interest has been given” (FASB ASC 860-10-20). 4) Transferee: “An entity that receives a financial asset‚ an interest in a financial asset‚ or a group of financial assets from a transferor” (FASB ASC 860-10-20). 5) Transferor: “An entity that transfers a financial asset‚ an interest in a financial
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ACC 291 Week 3 Individual Study Guide Accounting Problems - www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-week-3-individual-assignment-accounting-problems-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: Includes solutions to accounting problems. Individual Assignment: Accounting Problems QUESTION 1 Don Walls’s gross earnings for the week were $1‚780‚ his
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(classified as available-for-sale) costing $121‚000 were sold for $155‚000. 2. The company paid a cash dividend on February 1‚ 2011. 3. Accounts receivable of $16‚200 and $19‚400 were considered uncollectible and written off in 2011 and 2010‚ respectively. 4. Major repairs of $33‚000 to the equipment were debited to the Accumulated Depreciation account during the year. No assets were retired during 2011. 5. The wholly owned subsidiary reported a net loss for the year of $20‚000. The loss was recorded by
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9.5 Manager’s Information Advantage 9.5.1 Earnings Management 9.5.2 Controlling Earnings Management 9.6 Discussion and Summary 9.7 Agency Theory: A Bondholder-Manager Lending Contract 9.8 Implications of Agency Theory for Accounting 9.8.1 Is Two Better Than One? 9.8.2 Rigidity of Contracts 9.9 Reconciliation of Efficient Securities Market Theory with Economic Consequences 9.10 Conclusions on the Analysis of Conflict Copyright © 2009 Pearson Education Canada
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2012. An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount. The carrying amount of Ida’s building is $4‚500‚000‚ and in order to calculate the impairment loss‚ its recoverable amount is required. 4. A. After the impairment testing‚ goodwill associated with the Spanish operations impairs under GAAP as of 12/31/2010. The impairment loss is $200‚000. Under U.S.GAAP‚ goodwill impairment test is taken annually‚ or when there is impairment indicator
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loss of $66‚046 resulting from the write-off of some obsolete equipment. The equipment had not yet been disposed of. 3. Net income included $59‚610 from Amerbran’s investment in a subsidiary; none of this income had been received in cash. 4. The year-end balance in Deferred Income Taxes was $17‚548 lower than it was at the start of the year. 5. New property‚ plant‚ and equipment purchases totaled $260‚075‚ all paid for with cash. Disposals of fixed assets generated $33‚162 cash proceeds
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Don’t print out this page!!!!!!!!!!!!!!! P3 describe the physiological responses common to most sports injuries P4 describe the psychological responses common to sports injuries M2 explain the physiological and psychological responses common to most sports Injuries D1 analyse the physiological and psychological responses common to most sports Injuries Content Know about a range of sports injuries and their symptoms Physiological responses: damaged tissue‚ eg primary damage
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1) Managerial accounting has its focus on analyzing and providing cost information within the company internally so that its management can plan‚ operate and control the company more effectively. In contrast‚ financial accounting has its focus on the financial statements which are distributed to external stockholders‚ lenders‚ financial analysts‚ and others outside of the company‚ as mentioned by (K.A. Francis‚ n.d.) Knowledge in management accounting will allow Anne Radhika to have knowledge of
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