ACCT2201 CORPORATE ACCOUNTING Tutorial 8 – Week beginning 5th of May REVIEW QUESTIONS Chapter 15 8. When are potential voting rights considered when deciding if one entity controls another? Potential voting rights are rights to obtain voting rights of an investee‚ such as within an option or convertible instrument. Potential voting rights are only considered if the rights are substantive ie practical or utilitarian. This depends on the terms and conditions associated with the options.
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included for the intended project. One example is the scope of the project we are using in this assignment the hardware replacement for a new CRM system. This might include new modules for inputting orders and transmitting them to production and accounting‚ but could possibly not any changes to related accounts receivable‚ manufacturing‚ distribution‚ or inventory control systems. Project management defines all the work required to complete a project successfully‚ and should ensure that the scope
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E11-15 Before Action After Stock Dividend After Stock Split Stockholder’s Equity Paid-In Capital Common Stock 600‚000 630‚000 600‚000 In excess of Par Value 0 12‚000 0 Total Paid-In Capital 600‚000 642‚000 600‚000 Retained Earnings 900‚000 858‚000 900‚000 Total Stockholder’s Equity 1‚500‚000 1‚500‚000 1‚500‚000 Outstanding Shares 60‚000 63‚000 120‚000 Book Value Per Share 25.00 23.81 12.50 E12-1 1. One reason a company may purchase investments
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Course: Managerial Accounting (ACCTG 4B) – Fall 2014 Lab Assignment No: 8 (Chapter 23) Assignment Due Date: 10/30/14 by 6:00AM Instructions Complete the following problems; make sure to include your calculations. Any incomplete work or partially completed will automatically receive zero points. PART I: Herron Company has budgeted the following unit sales: 2008 Units April 25‚000 May 50‚000 June 75‚000 July 45‚000 Of the units budgeted‚ 40% are sold by the Southern Division at an average
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E) 10 billion Answer: D Diff: 1 Objective: 8.1 Scope of human population growth 2) During which time period did the world’s population more than double? A) 1750–1800 B) 1800–1850 C) 1850–1900 D) 1900–1950 E) 1950–2000 Answer: E Diff: 2 Objective: 8.1 Scope of human population growth 3) If a population roughly doubles in the course of 50 years‚ its growth rate would be close to ________%. A) 1.5 B) 5 C) 10 D) 20 E) 25 Answer: A Diff: 2 Objective:
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Lindsey Moran Financial Accounting Final Project Amazons mission and goal is “ to be earth ’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online.” (http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-faq#14296). Their business summary states “Amazon.com‚ Inc. operates as an online retailer in North America and internationally. It operates retail Websites‚ such as amazon.com and amazon.ca. The company serves
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CJUS Final Review 1. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense‚ testify against himself. 2. Sixth Amendment guarantees what? The Sixth Amendment guarantees the right to legal counsel at all significant stages of a criminal proceeding. 3. The eighth amendment bars what? U.S. constitutional amendment forbidding excessive bail‚ excessive fines‚ and cruel and unusual
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) Classification as an extraordinary item on the income statement would be appropriate for the: none of these. 7.) Which of these is generally an example of an extraordinary item: devastating floods never experienced before in Nashville‚ TN. 8.) Under which of the following conditions would material flood damage be considered an extraordinary item for financial reporting purposes: only if floods in the geographical area are unusual in nature and occur infrequently. 9.) When a company discontinues
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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process is incorrect? a. Self-assessment allows both auditors and contacts to provide input for a risk assessment. b. Self-assessments are performed using a web-based interface called TeamRisk Web. c. Self-assessment scores automatically update the final risk score for the entity without any action required by the audit department. d. Self-assessments can allow for the contact or audit partner to identify additional risks. 5. When building an internal audit plan in TeamRisk‚ the system provides all
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