CONFLICTS BAL INTERESTS Chapter 1 An Overview of Financial Management Forms of Business Organization Creating Value for Investors Stockholder-Manager Conflicts Stockholder-Debtholder Conflicts Balancing Shareholder Interests and Society Interests 1-2 © 2015 Cengage Learning. All Rights Reserved. May not be scanned‚ copied‚ or duplicated‚ or posted to a publicly accessible website‚ in whole or in part. INTRO ORGANIZATION CREATING VALUE STK-MGR CONFLICTS STK-DBT CONFLICTS BAL INTERESTS Finance
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Table of contents Title Page Acknowledgements Aims of the Project Description of the business simulated List of transactions Books of Original Entry: * The General Journal * Purchases Journal * Sales Journal * Returns Outwards Journal * Returns Inwards Journal * Cash Book * Petty Cash Book The ledgers: * Purchases Ledger * Sales Ledger * General Ledger Trial Balance Trading and Profit and Loss Account Balance Sheet Interpretation of Results:
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Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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Chapter 3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than
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Kimmel‚ Accounting 5th edition CCC3 CONTINUING COOKIE CHRONICLE SOLUTION Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 and 2.) CCC3 In November 2009 after having incorporated Cookie Creations Inc.‚ Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. Nov. 8 Natalie cashes in her U.S. Savings Bonds and receives $520‚ which
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| Revenue reserve | Retained Profit | Total | | RM’000 | RM’000 | RM’000 | RM’000 | Bal b/d | 100‚000 | 20‚000 | 49‚000 | 169‚000 | Total comprehensive income | - | (9‚000) | 50‚900 | 41‚900 | Dividend | | | (13‚600) | (13‚600) | Rights issue | | | | 5‚000 | Bal c/d | 105‚000 | 11‚000 | 86‚300 | 202‚300 | WORKINGS W1: Administrative cost | RM | W2: Other operating expenses | RM | Bal. as per t. b. | 44‚400 | Research cost | 2‚800 | Audit fee | 100 | Development cost | 4
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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strength demonstrated by ® shoulder abd. 50%‚ ® shoulder flexion 45 degrees‚ ® elbow flexion 105 degrees‚ ® elbow extension -42 degrees. 2. Pt. to safely transfer to all functional surfaces with SBA. 3. Pt. to improve standing bal. to F+ 4. Pt. to perform UB ADLs with min A. (may require assistive technology) Activities Various Thera band exercises to increase UE strength. This will increase functional strength‚ flexion‚ extension‚ and also aid pt. with
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the maximum‚ sooner the dangerous side effects were started to appear which is why they have been banned in so many countries throughout the world. Final Verdict Needless to say that D-Bal is an extraordinary muscle building supplement which has brought quite a change in so many people’s life. The reason why D-Bal is so effective is because the revolutionary anabolic formula has been included in it‚ making sure the quality and safety is truly maximized. Steroids taken by injections are both painful
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To get an understanding and feel of the process of accounting‚ let us go through an example of an organisations accounting consisting of a few transactions during an accounting period. Following are the transactions relating to M/s Trinity Foods‚ over an accounting period from 1st June 2005 to 30th June 2006. ▪ Started business with Capital Tk. 1‚00‚000 ▪ Paid into Bank Tk. 10‚000 ▪ Bought Furniture and paid cash Tk. 25‚000 ▪ Bought goods for cash Tk. 50‚000 ▪ Bought
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