Pei Shan Liu Professor: David Hossain Accounting 495 10/1/2012 Case 08-1 Go With the Flow‚ Inc. 1. Insurance Settlement Proceeds According to ASC 230-10-45-12‚ the insurance settlement proceeds should be classified as an investing cash flow in the statement of cash flow. “All of the followings are cash inflows from investing activities: a. Receipts from collections or sales of loans made by the entity and of other entities’ debt instruments (other than cash equivalents and certain debt
Premium Cash flow statement Money Balance sheet
Case 08-01: Go With the Flow‚ Inc. 1. Insurance Settlement Proceeds: involuntary conversion Investing cash inflow ASC 230-10-45-16 As stated in ASC 230-10-45-12‚ “All of the following are cash inflows from investing activities: a. Receipts from collections or sales of loans made by the entity and of other entities’ debt instruments (other than cash equivalents and certain debt instruments that are acquired specifically for resale as discussed in paragraph 230-10-45-21) that were purchased
Premium Money Cash flow statement Cash flow
1 CHAPTER - I INTRODUCTION Two most powerful forces affecting each sector of the economy today are the increasing rate of globalisation and advances in information and communication technology. It causes companies to use their input resources as much as possible in an effective way. Information technology is a powerful force and perhaps the single massive drive‚ impacting global society during the past decade. No doubt‚ it has given a new meaning to the word ‘convenience’. Information technology
Premium Bank Information technology
Redesign 1) Database redesign is rarely needed because databases are usually built correctly the first time. Answer: FALSE Diff: 1 Page Ref: 367 2) In a real sense‚ information systems and organizations do not just influence each other‚ but rather they create each other. Answer: TRUE Diff: 1 Page Ref: 367 3) A continuous circular process of changes in user behaviors and change in the information systems they use is a natural outcome of information system use. Answer: TRUE Diff: 1
Premium SQL Data modeling
Communication Systems 8th lecture Chair of Communication Systems Department of Applied Sciences University of Freiburg 2006 1 | 54 Communication Systems Administrative stuff ● Lecture on 13.06 might be called off. Please check the webpage before the lecture. ● 06.06‚ 08.06‚ 15.06 are holidays‚ no lecture‚ no practical. ● Next practical course is on 22.06‚ in RZ basement -101. 2 | 54 Communication Systems Last lectures ● We started with rather modern communication technologies and introduced
Premium OSI model Integrated Services Digital Network Internet Protocol Suite
08.15 Latin Lives! Interview Project Interview #1 Name: Tina Brennan Profession: Tennis Instructor Term #1: Racket Term #2: Court Term #3: Serve Term #4: Ball Term #5: Volley Etymology of Term #1: "handled hitting device used in tennis‚ etc.‚" c. 1500‚ probably originally "tennis- like game played with open hand" (late 14c.)‚ from Middle French rachette‚ requette (Modern French raquette) "racket for hitting; palm of the hand‚" Etymology of Term #2: late 12c.‚ from Old French cort (11c
Premium French language German language Latin
Handstar Inc. Handstar Inc. was created a little over four years ago by two college roommates to develop software applications for handheld computing devices. It has since grown to ten employees with annual sales approaching $1.5 million. Handstar’s original product was an expense report application that allowed users to record expenses on their handheld computers and then import these expenses into a spreadsheet that then create an expense report in one of five standard formats. Based on the success
Premium Project management E-mail
Table of Contents Issues 1 Facts 1 Analysis 3 Question 1 3 a. Report on the three-month operation of Ribbons an’ Bows‚ Inc. 3 b. Profit of the Company 4 c. The reason for the cash in the bank decline 5 Question 2 6 Question 3 8 Conclusions 9 Issues 1. a How would you report on the three-month operations of Ribbons an’ Bows‚ Inc.‚ through June 30? b Was the company profitable? (Ignore income taxes.) c Why did its cash in the bank decline during the three-month
Premium Balance sheet Asset Inventory
Case 08-1 Go With the Flow‚ Inc. Go With the Flow‚ Incorporated (“Company”) designs‚ manufactures‚ and sells a broad range of mobile network products and systems and communication devices‚ including mobile‚ cordless and corded telephones. The Company’s primary sources of liquidity are internally generated cash flows‚ the Company’s debt and revolving credit facilities‚ and the sale of trade accounts receivables. The Company’s liquidity and capital requirements are primarily a function
Premium Investment Asset Balance sheet
Case 08-4 The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the
Premium Lease Renting Leasing