Jefferson Animal Rescue is a private not-for-profit clinic and shelter for abandoned domesticated animals‚ chiefly dogs and cats. At the end of 2011‚ the organization had the following account balances: [pic] .:. The following took place during 2012: 1. Additional supplies were purchased on account in the amount of $15‚000. 2. Unconditional (and unrestricted) pledges of support were received totaling $95‚000. In light of a declining economy‚ 5 percent is expected to be uncollectible. The remainder
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report provides the latest asset allocations of Sweden HNWIs across 13 asset classes. The report also includes projections of the volume‚ wealth and asset allocations of Sweden HNWIs to 2017 and a comprehensive and robust background of the local economy. Scope • Independent market sizing of Sweden HNWIs across five wealth bands • HNWI volume and wealth trends from 2008 to 2012 • HNWI volume and wealth forecasts to 2017 • HNWI and UHNWI asset allocations across 13 asset classes • Insights into
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ACTG 351 HW #2 (Long-term Assets) 1. At January 1‚ the balances in Equipment and Accumulated Depreciation were $1‚021‚500 and $189‚900‚ respectively. At December 31 after adjusting entries‚ the balances were $1‚125‚900 and $452‚700‚ respectively. During the year‚ $148‚500 of equipment was acquired and equipment with a book value of $25‚200 was sold. What was Depreciation Expense for the year? Equipment 1‚021‚500 148‚500 1‚125‚900 Plug A Accumulated Depreciation 189‚900 Plug B Dep Exp 452‚700 Plug
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following situation has been identified by an impairment team. Shiplake has an item of earth-moving plant‚ which is hired out to companies on short-term contracts. Its carrying amount‚ based on cost model‚ is $400‚000. The estimated fair value of this asset is only $250‚000‚ with associated costs of disposal of $5‚000. A recent review of its value in use based on its forecast future cash flows was estimated at $500‚000. Since this review was undertaken‚ there has been a dramatic increase in interest rates
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expected cash transactions at any point in time to meet normal short-term working capital needs for cash. 2. Capital investment needs-The position is very different from that of taxable firms‚ whose access to capital for both replacement and new capital assets can and should be directed
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FOR INTANGIBLE ASSETS “WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises‚ management of companies‚ analysts‚ creditors‚ inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets‚ the liabilities and owner’s equity. The assets are resources controlled
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meant be the term “intangible asset?” Intangible assets are defined as identifiable non-monetary assets that cannot not be seen‚ touched or physically measured‚ which are created through time and/or effort and that are identifiable as a separate asset. Corporate intellectual property (items such as patents‚ trademarks‚ copyrights‚ business methodologies)‚ goodwill and brand recognition are all common intangible assets in today’s marketplace. Intangible assets have 3 critical attributes which
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Intangible Assets as a Source of Competitive Advantage Look No Further Managing Intangibles seems to be a smart idea. But to bet on it‚ one has to create a whole new organization. The concept of intangibles is not new‚ but across the globe‚ companies are slowly coming to grips with it. tury back physical‚ tangible assets created wealth; today‚ it’s intangible assets that are creating wealth. It’s a concept that packs a lot of punch but has no form as such. It questions capitalism for its emphasis
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ECONM2035: Asset Pricing Evarist Stoja (2B7‚ x10603) e.stoja@bristol.ac.uk Outline: This course runs over the autumn term and aims to provide a thorough grounding in the pricing of financial securities. The lectures start with some quantitative review material before moving on to bond pricing. Equity markets and determination of equity prices are treated next before students are introduced to the theory behind and testing procedures for informational efficiency in financial markets. Finally
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Does Fair Value Accounting for Non-Financial Assets Pass the Market Test? Hans B. Christensen and Valeri V. Nikolaev The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago‚ IL 60637 Abstract: The choice between fair value and historical cost accounting is the subject of longstanding controversy among accounting academics and regulators. Nevertheless‚ the market based evidence on this subject is very limited. We study the choice of fair value versus historical
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