effect did Microsoft’s revenue recognition policy have on its financial statements? a) If not adopted revenue recognition Year Unearned Revenue Ending Balance Change Reported Revenue Adjusted revenue % Increase 1995 0 - - - - 1996 560 560 9‚050 9‚610 6.19% 1997 1‚418 858 11‚936 12‚794 7.19% 1998 2‚888 1‚470 15‚262 16‚732 9.63% 1999 4‚239 1‚351 19‚747 21‚098 6.84%
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PROBLEMS 1. Table 3.3 shows the December 31‚ 2009 pro- forma balance sheet and income statements for R& E Supplies‚ Inc. The pro- forma balance sheet shows that R& E Supplies will need external funding from the bank of $ 1.4 million. However‚ they show $ 1.27 million in cash and short- term securities. Why are they going to the bank when they have most of the required amount in their cash account? 2. Pro forma financial statements‚ by definition‚ are predictions of a company’s financial statements
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MBA515 Midterm Exam Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. | Date Taken: | 11/26/2012 | Time Spent: | 1 h ‚ 53 min ‚ 23 secs | Points Received: | 187.50 / 270 (69.4%) | | Question Type: | # Of Questions: | # Correct: | Essay | 6 | N/A | | | Grade Details - All Questions | 1. | Question : | Schlag Inc. expects its sales in January to
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after this one night‚ I’ll cling to her skirts and follow her to Heaven.” (Hawthorne 560) Putting emphasis on how much Faith means to Goodman. Instead of simply calling her his wife‚ she reminds us of how Faith is more like a God-like figure to Goodman. “My Faith is gone!” cried he‚ after one stultified moment. “What‚ my sweet‚ pretty wife‚ dost thou doubt me already‚ and we but three months married!” (Hawthorne 560) The author reminds the reader that Goodman is emotionally attached to Faith. Having
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American Intercontinental University Unit 1 Individual Project ACCT 311 – Managerial Accounting March 25‚ 2012 Abstract This paper describes a company who has just started in the month of March called Cats and Dogs Company started by D.C. Dawg. It gives a summary of the cash transactions that took place during the month of March. It also shows how each cast transactions affects the accounting equation and an additional piece of information that is related to the transaction other than the
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TruckTex is a manufacturer of chassis skirts for over-the-road long and short haul trailers. The industry is very competitive with dozens of companies. The recession that started in 2008 with mortgage market failures has hurt TruckTex tremendously. With the downturn in housing starts‚ TruckTex’s largest customer‚ a furniture company‚ was shipping less and less furniture and fixtures. This consequently hurt TruckTex’s top and bottom lines. In fact‚ TruckTex is considering filing for Chapter 11
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| Hot plate‚ same for each group | Heating process | Bubble formation was observed as the leafs were being heated. | Table 1.1: Qualitative Data Wavelength of Incident Light (nm) | 400 | 440 | 480 | 520 | 560 | 600 | 640 | 680 | 700 | Relative Absorbance (±0.005nm) Group 1 | 0.09 | 0.11 | 0.04 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.01 | Group 2 | 0.14 | 0.15 | 0.07 | 0.02
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Comparing the Requirements of Sarbanes-Oxley to the Principles of the COSO Framework Claudette Zuokemefa Walden University Managing Operational and Financial Business Risks ACCT 6600/ACMG 6600/MMBA 6784 Dr. Wendy W. Achilles‚ CPA June 22‚ 2015 Comparing the Requirements of Sarbanes-Oxley to the Principles of the COSO Framework This paper will address how do the requirements of the Sarbanes-Oxley Act (SOX) support or contradict the principles of the Committee of Sponsoring Organizations of the
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ACCOUNTING 592 Financial Accounting & Reporting Seminar Spring 2010 Instructor: Office Hours (subject to adjustment): Teresa Gordon Office Hours: W 8:30–11:00 AM Albertsons Bldg. 118 and T‚W‚Th 1:15 - 3:00 PM 885-8960 or by appointment E-mail: tgordon@uidaho.edu Course web page: http://www.cbe.uidaho.edu/Acct592 ------------------------------------------------- MASTER OF ACCOUNTANCY – LEARNING GOALS ------------------------------------------------- -------------------------------------------------
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SWEATS GALORE 1. Yes‚ it is important for Michael to stipulate certain criteria during planning for his new business. Michael is wise to set criteria other than simply making a profit. First‚ Michael wants to do something he enjoys. Because he has prior experience in a related industry and he has envi¬sioned having his own business he will be better prepared to handle the responsibilities of this new business. Michael’s positive attitude will be reflected in the way he handles employees and customers
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