and its reported book value of equity? The most obvious reason for the difference between the market value of equity and the book value of equity is the inability to record certain intangible assets such as brand value‚ customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings growth in the future which determines the company’s market value. Notice also that the company’s choice of conservative accounting policies has the
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to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase in the obsolescence of Cat’s older inventories could cause a decrease in the reported total value of Cat’s inventories from year to year. 2. a. What is the best estimate of the replacement cost (or current cost) of Caterpillar’s inventory as of December 2011? b. Why would the company bother to provide information about this? 14544 = 65% * X 14544 / .65 = 22‚375.38 CAT would
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Chapter 2 Review of the Accounting Process AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise and problem in Intermediate Accounting‚ 7e with the following
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Section One. Treason and Espionage Article 114. Treason. Article 115. Conspiracy and proposal to commit treason; Penalty. Article 116. Misprision of treason. Article 117. Espionage. Section Two. Provoking war and disloyalty in case of war Article 118. Inciting to war or giving motives for reprisals. Article 119. Violation of neutrality. Article 120. Correspondence with hostile country Article 121. Flight to enemy country. Section Three. Piracy and mutiny on the
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Chapter 2 The Nature of Services Learning Objectives After completing this chapter‚ you should be able to: 1. Explain what is meant by a service-product bundle. 2. Identify and critique the five distinctive characteristics of a service operation and explain the implications for managers. 3. Explain how services can be described as customers renting resources. 4. Describe a service using the five dimensions of the service package. 5. Use the service process matrix
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LexisNexis‚ Facebook Inc‚ located at 1601 Willow Road Menlo Park‚ CA 94025 United States‚ was created in July 2004‚ DE‚ United States by Harvard Computer Science student Mark Zuckerberg as an online version of the Harvard Facebook. The name comes from books of freshmen’s faces‚ majors‚ and hometowns that were distributed to students. He has served as its Chief Executive Officer and Director since July 2004 and from January 2012‚ Mr. Zuckerberg has served as Chairman of Facebook. As a founder of the Company
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Accounting 3 & 4 Exercises Set # 1 Lee E. 1. Fred has owned and operated a sole proprietorship for several years. On January 1‚ he decides to terminate this business and become a partner in the firm Sears and Roebucks. Fred’s investment in the partnership consists of P12‚000 in cash‚ and the following assets of the proprietorship: accounts receivable P14‚000 less allowance for doubtful accounts of P2‚000‚ and equipment P20‚000 less accumulated depreciation of P4‚000. It is agreed that the allowance
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1.Introduction This case study involves the overview and financial analysis of two major telecommunications companies in the world. The two companies are compared based on their financial performance for the last two years by analyzing their income and balance sheet statements. Financial ratios are also calculated to see which company has better profitability‚ liquidity and solvency. 1.1.Aims and Objectives 1. Carry out research on two major companies in the telecommunications market
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REVIEW HERE[/quote] Why is this formula so powerful? 1. This formula allows you to establish trust right away with your reader. By outlining both the good and bad aspects of the product‚ you are establishing yourself as someone who can be trusted. 2. Readers are aware of fake reviews and if they notice that every product you review receives a 5 star rating‚ you’ll lose all form of credibility. This is why we make sure that all our reviews are thoroughly
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Assignment 4-2: Week 4 Analysis Write-Up Kylie Keener ACCT715-Q1WW Financial Accounting Theory Michael Miller 13 June 2012 1. Chapter 4: Problem 8 (GM) The article “GM to Take Charge of $20.8-Billion” here reproduced from The Globe and Mail (February 2‚ 1993) describes the potential impact of SFAS 106‚ “Accounting for Postretirement Benefits Other Than Pensions‚” on General Motors and Ford. For example‚ it appears that General Motors will be required to record a liability of $20.8 billion
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