Sloths—the adorable and lethargic animals living in treetops—depend on the health and survival of Central and South American tropical forests. They spend much of their lives in the canopy‚ snoozing and remaining hidden from predators. The animals live solitary lives and travel from tree to tree using canopy vines. Located in places such as Brazil and Panama‚ the six species of this strange and wonderful animal need healthy forests to survive. But tropical forests are some of the most vulnerable
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Financial Accounting Theory and Analysis” Text and Cases Case 1-2 Accounting Ethics a. What‚ if any‚ ethical issue is involved in this case? Legally the financial vice president is not obligated to move to the new standard; however‚ I do see an ethical issue with this decision. The ethical decision lies in the fact that the vice president is knowingly presenting financial statements that do not reflect the true condition of the company. This is a great example of the line between ethics
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Accounting for the iPhone at Apple‚ Inc. (HBS 9-111-003) 1. Exhibit 3 provides the journal entries under subscription accounting. Refer to the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues
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with J‚ and his friends harris and George‚ deciding to take a boat trip up the Thames from Kingston to oxford‚ and then back again (the book was written in 1888‚ when boating on the Thames was enormously popular). They are unanimous in agreeing that this is a good idea (except for J’s dog‚ Montmorency‚ who doesn’t care for boating). They have trouble getting packed‚ and in the morning Harris and J take a train to Kingston‚ where the boat is waiting for them. George is joining them later when he has
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CHAPTER 1 Scope and Meaning of Accounting Introduction Need and Role of Accounting Meaning of Book -keeping and Accountancy Book-keeping Accounting — Science or Art Definition and Explanation of Accounting Users of Accounting Scope/Branches of Accounting z Financial Accounting z Cost Accounting z Management Accounting Systems of Accounting Objectives/Advantages of Accounting Limitations Terminology often used — Some Basic TTerms erms Check Y our
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CHAPTER 1 Partnership Formation and Operations EXERCISES Exercise 1 –1 |1.a |Campos‚ Capital |14‚000 | | | | Allowance for Uncollectible Accounts | |14‚000 | | | | | | |
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Case 1 Analysis of a Potential Audit Client Shea Galvin Review Comments Table of Contents Page 4: Discussion Questions Pages 5-6: Exercise Discussion Questions 1. An independent auditor would be needed so they can continue to be neutral. There is a possibility it could make the auditor not as self-governing if they are auditing Lakeside as well as the bank in which they are taking loans from. The auditing firm needs to stay free in mind
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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Stephen Crane: The Open Boat In his short story‚ ’The Open Boat‚’ Stephen Crane displays to us a universe completely indifferent to the affairs of humankind; we live in an apathetic world‚ in which man has to fight and struggle to live. The characters illustrated in the story come face-to-face with this indifference and all are nearly overcome by nature’s lack of concern with humanity. The survivors are alive primarily through determination and cooperation. We as human are alive because our constant
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An example of a company using ABC model for running business One useful accounting method for assigning all a company’s direct as well as indirect costs to proper categories is known as activity based costing. While this term sounds complex‚ there’s many activity based costing example and explanation available to illustrate control of company’s costs. Let’s have look at the implementation of activity-based costing (ABC) at Xu Ji Electric Co. Ltd (Xu Ji)‚ a large Chinese manufacturing company.
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