Semester – 2007/2008) For each of the following questions‚ indicate the single best answer: 1. A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the a. stand alone concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement
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1. (TCO A) Which of the following statements is CORRECT? (Points : 10) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. One of the advantages of the corporate form of organization is that it avoids double taxation. One of the advantages of a corporation from a social standpoint is that every stockholder has
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examples Analysis of transaction –with accounts involved-nature of accountaffects and debit/credit 2 4 10 6 The following trial balance was extracted from the books of Chetan‚ a small businessman. Do you think it is correct? If not‚ rewrite it in the correct form. Debits Stock Purchases Returns outwards Rs. Credits 8250 Capital 12750 Sales 700 Returns inwards Rs. 10000 15900 1590 Discount received Wages and salaries Rent and rates Sundry debtors Bank
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Parent Common stock Subscriptions receivable Additional paid in capital Excess of acquisition cost over carrying value of non- controlling interest acquired Employee stock purchase plan Unrealized fair value gains on available – for-sale‚ or AFS‚ financial assets Unrealized fair value gains on AFS financial assets of discontinued operations Share in cumulative translation adjustments of a subsidiary and associates Cumulative actuarial gains (losses)
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expected risk free rate of return is 3 percent‚ the expected market return is 8 percent‚ and Tangshan has a beta of 1.2‚ Tangshan’s stock would be ________. A) overvalued B) undervalued C) properly valued D) not enough information to tell 7) Tangshan China’s stock is currently selling for $160.00 per share and the firm’s dividends are expected to grow at 5 percent indefinitely. In addition‚ Tangshan China’s most recent dividend was $5.50. If the expected risk free rate
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24/08/2013 Vmware‚ Inc. (VMW) Balance Sheet - NASDAQ.com Home > Quotes > VMW > Company Financials VMW Company Financials VMW $87.8 * 2.34 *Delayed - data as of Aug. 23‚ 2013 2.74% Cash Flow Financial Ratios Get Quarterly Data 12/31/2012 12/31/2011 12/31/2010 12/31/2009 Income Statement Balance Sheet Annual Income Statement (values in 000’s) Period Ending: Current Assets Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total
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Assignment No. 1 Problem No. – 1 From the following transactions find out which two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to
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Chapter 11 balance sheet hedge. Reducing foreign exchange (FX) exposure by varying the mix of a firm’s foreign currency assets and liabilities. Economic exposure. The effect of FX rate changes on a firm’s future costs and revenues. Exposure management. Structuring a company’s affairs to minimize the adverse effects of exchange rate changes on earnings. net exposed asset position. An excess of exposed assets over exposed liabilities (also called a positive exposure). net exposed liability position
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A balance sheet is a statement businesses produce that outlines their assets and liabilities. It is a snapshot of their fixed assets‚ current assets‚ current liabilities and long term liabilities for a specific moment in time such as the end of a financial year. Using these figures‚ a business is able to calculate their net working capital; how much the business is worth‚ whether it can afford to expand and if it is a good venture for investors. There are different groups of people who are interested
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intangible assets. On the other hand‚ intangibles such as favorable government regulations‚ outstanding credit ratings‚ superior management and good labor relations are examples of unidentifiable intangible assets (Tweedie‚ 27). Goodwill comprises the complete set of unidentifiable intangible assets held by the reporting entity. Generally‚ goodwill has appeared to be an umbrella concept embracing many features of a company ’s activities that could lead to superior earning power‚ such as excellent management
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