Chapter 1. 5. What does the statement “costs can be assets or expenses” mean? 6. Why are the salaries of production workers accumulated in an inventory account instead of being expensed on the income statement? 7. How do product costs affect the financial statements? How does the classification of product cost (as an asset vs. an expense) affect net income? ATC 1-1 | Business Applications Case | Financial versus managerial accounting | The following information was taken from the 2008
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• Consolidation journals are posted into the consolidation worksheet in “adjustment” columns as follows: Extract only Parent P Ltd. $’000 Subsidiary S Ltd. $’000 Adjustments DR Lecture 9 part b Consolidation: Wholly owned subsidiaries Prepared by Emma Holmes and Rick Newby Land Invt in S Ltd Receivables Cash 400 120 200 40 760 150 Share capital Retained earnings Creditors 500 160 100 760 100 20 50 170 Cons. Balances CR XX XX XX
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FIN432 Review questions for midterm exam 1. The nominal risk-free rate of interest is a function of a) The real risk-free rate plus the investment’s variance. b) The prime rate and the rate of inflation. c) The T-bill rate plus the inflation rate. d) The real risk-free rate and the expected rate of inflation.* 2. At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the year‚ the firm paid dividends of $1 per share
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David McCarthy ID No. 50148095 C&G DTLLS UNIT 504 Applying theories and principles for planning and enabling learning 1 Understanding the application of theories and principles of learning and communication to inclusive learning and teaching Task 1 Analyse and evaluate how teaching theory Impacts upon your own practice Assessment Criteria 1.1 Analyse the factors that can affect learning and achievement
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512 Midterm Exam The answers: 1a.Before defining and explaining science as product‚ I would like to explain first what is the purpose beyond studying research methods? First‚ we study‚ research method to consume the research evidence. Moreover‚ as a student‚ to satisfy curiosity or will help in fulfill the research requirements. As a communication scholar‚ to keep up with the latest developments in the field. What about as critical consumer‚ it helps the consumer to make useful decisions about
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is active in overseeing the entity’s financial reporting policies. Answer A is incorrect. An active audit committee tends to temper management ’s aggressive stance. B. External policies established by parties outside the entity affect its accounting practices. Answer B is incorrect. External policies tend to moderate such management tendencies. C. Management is dominated by one individual who is also a shareholder. Answer C is correct because these noted factors tend to have an especially
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illustrate with decided cases his legal position in relation to a company. Though the certificate of incorporation is conclusive for purposes of incorporation‚ using decided cases‚ outline circumstances under which it could be withdrawn.(10marks) ANSWER Definition; A promoter is one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary step to accomplish that purpose - A promoter is not an agent of the company he promotes‚ as it does not
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_________________________________ID No: ________________ Duration: 180 minutes Percentage of overall assessment covered by this paper : 75 % Reading Time: 15 minutes INSTRUCTIONS TO CANDIDATES Materials Allowed Answering Requirements Answer all questions‚ state formulae used. Swinburne University of Technology School of Engineering AND SCIENCE FINAL EXAMINATION - 1 st Semester 2004 (HES 2120‚ Structural Mechanics)
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Exam Review: TERMS Culture: The system of meanings about the nature of experience that are shared by a people and passed on from one generation to another‚ including the meanings that people give to things‚ events‚ activities‚ and people. Ethnocentrism: The tendency to judge the beliefs and behaviours of others from the perspective of one’s own culture. Ethnocentric Fallacy: The mistaken notion that the beliefs and behaviours of other cultures can be judged from the perspective of one’s own culture
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1.1 Explain the legislative framework for health‚ safety and risk management in the work setting. 1.2 Analyse how policies‚ procedures and practices in own setting meet health‚ safety and risk management requirements. 2.1 Demonstrate compliance with health‚ safety and risk management procedures 2.2 Support others to comply with legislative and organisational health‚ safety and risk management policies‚ procedures and practices relevant to their work. 2.3 Explain the actions to take when health‚
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