1．A firm has net working capital of $640. Long-term debt is $4‚180‚ total assets are e $6‚230‚ and fixed assets are $3‚910. What is the amount of the total liabilities? Current assets: 6230-3910=2320 Current liabilities: 6230-39102320-640=1680 Total liabilities: 1680+4180=5860 2. Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15‚900 and depreciation is
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The analysis and application of the balance sheet Kuang xin Financial accounting is one of the most popular major in the world. In the study of accounting‚ people must know and use expertly the three accounting statement‚ balance sheets‚ cash flow‚ and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement‚ the balance sheet or called statement of financial position is the only one
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3.1 Trial balance 3.1.1 The source and structure of trial balance A trial balance is a list with two columns‚ which are debit and credit. It is important to every company that they need to check the errors that maybe made during enter the transactions into general accounts. If the principles of the double entry have been correctly applied to the recording of transactions in ledger accounts‚ the total of debit balances will equal to the total of credit balances. So the total of the debit column should
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Trade Balance in Selected Asian Economies Alemu‚ Aye Mengistu Assistant Professor‚ SolBridge International School of Business‚ Daejeon‚ South Korea. ayem2011@solbridge.ac.kr Jin-sang‚ Lee Specialist Professor‚ Duksung Women’s University‚ Seoul‚ South Korea. jinslee0209@duksung.ac.kr Abstract The aim of this study is to investigate how depreciation could affect the export sector in selected Asian countries. Theoretically‚ depreciation will bring positive impact on trade balance. However
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the market before spending more money on advertising alone. Identify the ways DLJdirect’s trading service is differentiated from competitors Tiered services for accounts with high asset balances and speed of execution are the two ways DLJdirect differentiates itself from competitors. Customers with asset balance in excess of $100‚000 are provided with access to DLJ research and greater access to DLK-manages IPOs. For customers who have more in $1 million or more assets‚ DLJdirect reduced certain
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this?a. Decrease net cash from operations on the cash flow statementb. Increase net cash from operations on the cash flow statementc. Just impact the balance sheet.d. Have no impact on the net cash from operations as depreciation appears in both cash flow and income statementAnswer | Selected Answer: | C. Just impact the balance sheet. | Correct Answer: | B. Increase net cash from operations on the cash flow statement | Response Feedback: | Since an increase in depreciation
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Revenue Company sold specialized computers costing P760‚000 to Income‚ Inc. for P990‚000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the installation period. Income made a 50% down payment‚ with the balance due upon completion of installation. How much revenue should Revenue Company recognize on its books on January 1‚ 2012? a. P990‚000 b. P760‚000 c. P495‚000 d. P-0- 2. SAMpple Company is an experienced home appliance dealer. SAMpple Company
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ACCT556 Budgeting Project TO THE STUDENT Fantastic‚ Inc. is a case study which allows you to incorporate numerous financial and managerial accounting concepts into a single business setting. You will take the position of the company controller who will prepare the budget for the year ended December 31‚ 2006‚ using the actual data from 2001 through 2005 and information given to you by various departments. You will prepare a report for the president of the company describing the strengths and
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Off balance sheet financing is financing from sources other than debt or equity offerings‚ such as joint ventures‚ research and development partnership and operating leases. For complex institutions such as banks‚ they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words‚ off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off‚ but the debt is accounted as another type of transaction
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In United States‚ the merchandise (goods) trade balance is the most widely known indicator of U.S international economic activity. In 2011‚ total merchandise trade has reached $3‚688 billion. A 16% increase over the 2010 value‚ a 22% increase in 2010 which is up to $3‚191 billion and a 23% decrease in 2009 which up to $2‚616 billion. From the data obtained above‚ merchandise exports in 2011 total is $1‚480 billion‚ while imports had reached $2‚208 billion. The U.S merchandise trade deficit fell massively
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