to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Suggested Questions for Warren Buffett Case 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically‚ what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? PacifiCorp had a very large amount of investors/stockholders as indicated in the footnote‚ which contributed to the large increase in Berkshire’s market value of equity
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I believe in M&M’s. Yes‚ you read that right… M&M’s. I don’t believe in them because they are my favorite candy or because I love separating them by color‚ no. I believe in them because the first thing that comes to mind is bowls around my that comes to mind is my lovely Irish Nana‚ Mary Shannon- Leary because she use to have bowls of M&M’s all around her house‚ that I according to my grandmother and mother‚ “I could never keep my hands out of.” In January of 2005‚ when I was 3 years old‚ heaven
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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Kenmaru Suedomi‚ C Block Nicholas James‚ No legs‚ No arms Do you think that there is something you can’t do in your life? You sometimes get stuck and feel you can’t do anything even there is always possibility trying in the life. However‚ the word “Impossible” does not exist in his mind. His name is Nicholas James‚ he has no arms‚ no legs‚ but he never give up. He continues trying his best effort until he thinks he can’t. When I was watching the speech of him I was so amazed by his hard life
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James Scobie In Michael Gerard Bauer’s novel Don’t Call Me Ishmael we see James Scobie as a smart‚ strong and fearless. We first see James Scobie in Part 2 Chapter 11. We first see James in class as the new kid. James is goofy looking‚ strange and nerdy‚ but we soon find out he is much more than he appears to be. I will be talking about James and how he is a good friend‚ teammate and student. James Scobie is one of the best students in St Daniels. James gets good marks for every class and is the
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Carl Rogers is one of the pre-eminent psychologist of the twentieth century‚ founder of the client cantered approach to therapy he was able to break with conventions of his time and create new approaches. The work of Rogers was recognised in 1956 when he received the American Psychological Association ’s Award for Distinguished Scientific Contributions (Faber‚ 1998). In a 2002 study‚ which used a qualitative approach to examine the work of different psychologists of the twentieth century using a
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