There is no impairment of goodwill. It is group policy to value non-controlling interest at full fair value. At the acquisition date the non-controlling interest was valued at $9‚000. Prepare the consolidated statement of financial position of Ping @ 30.6.X8. Statement of Financial Position @ 30.6.X8: Ping Co $ Pong Co $ ASSETS Non-current assets Property‚ plant & equipment 20‚000 ordinary shares in Pong at cost Current assets Inventory Owed by Ping Co Receivables Cash 50‚000
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Part 1: Research For this assignment I was asked to research two companies in different industries. One is a local mattress manufacturer and the second a hospitality management company. For this analysis I have focus on researching the market and intervening top employees of the company. The local mattress factory is called Natural Dreams‚ is base in Corona Queens NY. It operates with 8 employees and has over 12 regular customers. Right now they focus on selling to just furniture stores base in
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University of Phoenix Material Role of Financial Accounting versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The main purpose of financial accounting is to prepare financial reports that provide information about
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Table of Contents 1. INTRODUCTION 2 2. COMPANY AND MARKET OVERVIEW 2 3. FINANCIAL STATEMENTS ANALYSIS OVERVIEW 5 3.1 Revenues 5 3.2 Total operational profits 6 3.3 Current Assets 7 3.4 Long Lived Assets 7 3.5 Dividends 8 4. RATIO ANALYSIS 9 4.1 Liquidity Ratios 9 4.2 Efficiency Ratios 10 4.3 Profitability Ratios 11 4.4 Gearing Ratios 12 5. TREND ANALYSIS 14 6. CONCLUSION 15 Appendix 1: Balance Sheet Horizontal Analysis 16 Appendix 2: Income Statement Horizontal Analysis 17 Appendix
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Lesson 1: The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters
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Financial Analysis Randall Meeks Financial Accounting Concepts Mr. Carraher 9-12-2010 PepsiCo‚ Inc. and The Coca Cola Company have both been in production for ages. Both PepsiCo‚ Inc. and The Coca Cola Company have become common house hold names through out the world today. Pepsi is one of the best selling products in American history. “Pepsi is the number 2 soft drink company producer‚ the world over. Pepsi’s number one priority is making sure that their shareholders investments are
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provide overall financial statement overview of The Boeing Company using the knowledge obtained during the Financial Management course. The main question of the study is how financially well the company is at the moment and what investment expectation it generates on the market nowdays. The Boeing Company background The company was originally founded by William Boeing on July 15‚ 1916‚ as "The Pacific Aero Products Company". Two years later it was renamed into “The Boeing Company”‚ on May 9
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The Symbolism of the Journey: A Comparison of Two Short Stories ENG 125 September 13‚ 2013 The Symbolism of the Journey: A Comparison of Two Short Stories I chose to write about the symbolism between the stories‚ “I Used to Live Here Once” by Jean Rhys and “The Road Not Taken” by Robert Frost because the comparisons between these two stories are uncanny as they both use symbolism in two distinct ways. “The Road Not Taken” by Robert Frost is a poem and “I Used to Live Here Once” by Jean
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Paper P9 – Management Accounting Financial Strategy Post Exam Guide May 2006 Exam Examiner’s General Comments The performance on Paper P9 was extremely disappointing. Many candidates appeared to have done little preparation. It was noted in the November 2005 Post Exam Guide that many candidates demonstrated poor knowledge of even quite basic financial calculations and that their grasp of many basic concepts was also limited. These weaknesses are still evident in May 2006. A further weakness was the
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一、资产类 Assets 流动资产 Current assets 货币资金 Cash and cash equivalents 1001现金 Cash 1002 银行存款 Cash in bank 1009 其他货币资金 Other cash and cash equivalents 100901 外埠存款 Other city Cash in bank 100902 银行本票 Cashier’s cheque 100903 银行汇票 Bank draft 100904 信用卡 Credit card 100905 信用证保证金 L/C Guarantee deposits 100906 存出投资款 Refundable deposits 1101 短期投资 Short-term investments 110101 股票 Short-term investments - stock 110102 债券 Short-term investments - corporate bonds 110103 基金 Short-term investments - corporate funds
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