is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. APB Opinion No. 16 describes three situations that establish the control necessary for a business combination‚ namely‚ when one or more corporations become subsidiaries‚ when one company transfers its net assets to another‚ and when each combining company transfers its net assets to a newly formed corporation. 2 The dissolution of all but one
Premium Generally Accepted Accounting Principles Balance sheet Asset
ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
Premium Revenue Income statement Generally Accepted Accounting Principles
___________________________ AS-2 ( 1 ) What is a bond? A bond‚ also known as a fixed-income security‚ is a fixed interest financial asset issued by ______________________________________________________________________________ governments‚ companies‚ banks‚ public utilities and other large entities. It is a loan from ______________________________________________________________________________ private investors as opposed to a term loan‚ which is from a bank. ___________________________
Premium 1966 1970 1979
Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
Premium Balance sheet Business Asset
manufacturers primarily in the telecommunications‚ networking‚ computing‚ industrial‚ and consumer markets. Products are sold globally through a direct sales management organization and through franchised domestic and foreign distributors. (Source: Company 2007 Form 10-K) Learning Objectives • Discuss the economic and corporate issues surrounding stock-based compensation. • Understand how to account for stock-based compensation and how the activity is presented in the financial statements. • Read
Premium Balance sheet Stock Corporate finance
important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell Oil-Nigeria stands out (Arvidsson‚ 1996). Corporate scandals are becoming the order of the day‚ thus giving reasons for the escalation of social and ethical commitment of society‚ putting pressure on companies to be transparent about their CSR. CSR is today the basic tool
Premium Royal Dutch Shell
restricted and held against long-term credit may be included among current assets. d.none of these. 28.The category "trade receivables" includes a.advances to officers and employees. b.income tax refunds receivable. c.claims against insurance companies for
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
Premium Balance sheet Financial Accounting Standards Board Income statement
TEST PAPER 1 Subject: Hotel Accounting 1 Serial No: 72367B Test No: 1 Edition: 1 Student Name: Cosme‚ Felicia Student Number: 10011439164 Question 1: Assets Liabilities Owner’s Equity 1. Cash (Example) √ 2. Bank Overdraft √ 3. Capital √ 4. Loans √ 5. Salaries Payable √ 6. Land and buildings √ 7. Telephone payable √ 8. Advertising payable √ 9. Stock on hand √
Premium Double-entry bookkeeping system Bookkeeping General ledger
Introduction to Algorithms‚ Second Edition Thomas H. Cormen Charles E. Leiserson Ronald L. Rivest Clifford Stein The MIT Press Cambridge ‚ Massachusetts London‚ England McGraw-Hill Book Company Boston Burr Ridge ‚ IL Dubuque ‚ IA Madison ‚ WI New York San Francisco St. Louis Montréal Toronto This book is one of a series of texts written by faculty of the Electrical Engineering and Computer Science Department at the Massachusetts Institute of Technology. It was edited and produced by The MIT Press
Premium Algorithm Computational complexity theory