Statements 1. 1 K 9. 3 C 17. 3 C 25. 4 C sg33. 3 K 2. 1 K 10. 3 K 18. 4 K 26. 5 K sg34. 4 K 3. 1 C 11. 3 C 19. 4 C 27. 6 C sg35. 4 C 4. 1 K 12. 3 K 20. 4 K 28. 9 C sg36. 5 K 5. 2 C 13. 3 K 21. 4 K 29. 9 C sg37. 6 K 6. 3 C 14. 3 C 22. 4 K 30. 9 C sg38. 7 K 7. 3 K 15. 3 K 23. 4 C sg31. 1 K 8. 3 C 16. 3 K 24. 4 C sg32. 2 K Multiple Choice Questions 39. 1 K 62. 3 K 85. 4 AP 108. 4 AP 131. 7 K 40. 1 K 63. 3 C 86. 4 AP 109. 4 AP 132. 7 K 41. 1 C 64. 3 C 87. 4 AP 110. 4 AP 133. 7 K 42. 1 C 65. 3
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Purchase Method of Accounting All business combinations must be accounted for by applying the purchase method. This involves 3 key steps: a) Identifying an acquirer‚ b) Measuring the cost of the business combinations and c) Allocating the cost of the business combination to the identifiable assets and liabilities acquired. a) Identifying the Acquirer The acquirer should be identified for all business combinations‚ The acquirer is the entity which obtains controls over the other entity‚ There
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CHAPTER 2 Mechanics of Futures Markets Practice Questions Problem 2.8. The party with a short position in a futures contract sometimes has options as to the precise asset that will be delivered‚ where delivery will take place‚ when delivery will take place‚ and so on. Do these options increase or decrease the futures price? Explain your reasoning. These options make the contract less attractive to the party with the long position and more attractive to the party with the short position. They therefore
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Joint Venture: Proportionate Consolidation Method & Equity Method Andrea Marciana B. Diwa Modadv1– K32 10926739 June 11‚ 2012 - Monday INTRODUCTION Joint venture is identified as a topic of study because of the massive rise in international joint ventures during the business globalization and because of the different joint venture accounting practices across countries. The increasing trend to produce financial statements which are free from errors and misstatements lead to the
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Corporations Fall 2014 Getting Started Introduction to Valuation Major Investment Decisions Project Valuation Find growth potential inside the firm Enterprise Valuation Find growth potential outside the firm Dealing with Complexity Investment Evaluation Process Case Study: CP3 Pharmaceuticals Laboratories Inc. Valuation The objective of a firm is to create wealth by initiating and managing investments that generate future cash flows that are worth more than the amount invested
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Business and Econ Statistics solutions CHAPTER 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment ANSWERS TO REVIEW QUESTIONS 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very
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Chapter 16 Networking Types‚ Devices‚ and Cabling Reviewing the Basics 1. What type of network topology is used when five switches are used on a small LAN and each switch connects to multiple computers on the LAN? A star bus topology or a hybrid topology 2. Place the following networking technologies in the order of their highest speed‚ from slowest to fastest: WiMAX‚ dial-up networking‚ cable Internet‚ Fast Ethernet‚ 3G Dial-up networking‚ 3G‚ cable Internet‚ WiMAX‚ Fast Ethernet 3. What
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2 Company Operations Tutorial Solutions Chapter 3 Company operations Review Questions 11. When do dividends become a legal debt of the company? When are they to be recognised as liabilities? Where a company has a constitution that provides for directors to declare a dividend‚ then a dividend becomes a debt of the company once the dividend is declared. Where no such statement exists in a company’s constitution‚ then the debt will only arise when the time for payment of the dividend arrives. However
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CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION SHORT‐ANSWER QUESTIONS 11‐1 The five steps in the decision process outlined in Exhibit 11‐1 of the text are 1. Identify the problem and uncertainties 2. Obtain information 3. Make predictions about the future 4. Make decisions by choosing among alternatives 5. Implement the decision‚ evaluate performance‚ and learn An example of interdependencies include absenteeism/low employee morale and increased labour costs. 11‐2
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AAAJ 23‚8 Adaptability to fair value accounting in an emerging economy A case study of China’s IFRS convergence Songlan Peng York University‚ Toronto‚ Canada‚ and 982 Received 28 July 2008 Revised 6 January 2010 Accepted 15 March 2010 Kathryn Bewley Ryerson University‚ Toronto‚ Canada Abstract Purpose – This paper seeks to assess the feasibility and desirability of a major emerging economy adopting and implementing fair value accounting (FVA)‚ as codified in the International Financial
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