Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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The movie I’ve selected to analyze‚ which I feel provides a rich moral context‚ is Shawshank Redemption. The movie focuses on main character‚ Andy Dufresne‚ a banker in 1947 who was wrongfully charged with the murder of his wife and her lover. Due to the lacking of his lawyer‚ Andy was convicted and sentenced to two life sentences at Shawshank State Penitentiary in Maine. In an attempt to be his best self while serving his time‚ Andy befriends fellow prisoner Eliss Redding‚ otherwise known as Red
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Ever think that tearing someone apart could have created our earth? Well‚ the “Aztec Creation Story” describes how our planet Earth was “supposedly” created: two Aztec gods (Tezcatlipoca and Quetzalcoatl) transformed into serpents and attacked the hideous Earth Goddess‚ ripping her in two. The upper half of her body became the ground and the lower half became the heavens. There were two other very significant Aztec “gods” in the story that deeply affected the outcome of planet Earth: Tecuciztecatl
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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The fall of Rome When someone is thinking about empires they immediately think about the Roman Empire however when they do they do not understand how it fell. Rome fell in 476 CE due to barbarians. The fall of the Roman Empire was not sudden and was not only caused by the invasion of barbarians there were key factors that caused the weakening and then the fall of such an extensive empire. These factors include the rise of Christianity‚ the splitting of the Roman Empire and the poor economic reforms
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FINANCIAL ACCOUNTING FOR MANAGEMENT o 6. I 7. J 8. SANJAY INDUSTRIES LTD. Balance Sheet and Income Statement The following is the trial balance bf Sanjay Industries Ltd. as on 31 st March 2006. 1. 2. of Rs. 10 each) Mal IntE Pre Further information 1. Outstanding rent amounted to Rs. 7‚200 while outstanding salaries Rs. 8‚100 at the end Ca: 2. 3. 4. 5. the year. Make a provision for doubtful debts amounting to Rs. 4‚590. Stock on 31st March 2006 was valued
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Journal of Retailing 85 (1‚ 2009) 31–41 Customer Experience Creation: Determinants‚ Dynamics and Management Strategies Peter C. Verhoef a‚∗ ‚ Katherine N. Lemon b ‚ A. Parasuraman c ‚ Anne Roggeveen d ‚ Michael Tsiros c ‚ Leonard A. Schlesinger d b a University of Groningen‚ Faculty of Economics and Business‚ P.O. Box 800‚ NL-9700 AV Groningen‚ The Netherlands Boston College‚ Carroll School of Management‚ Fulton Hall 510‚ 140 Commonwealth Avenue‚ Chestnut Hill‚ MA 02467 United States c University
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In the play King Lear‚ the idea of redemption is predominant throughout as we watch as the King moves from a state of moral blindness to one of clear vision. At the beginning of the play we see how ignorant he his towards how Goneril‚ Regan and Cordelia really think of him. As the play progresses however he begins to see and understand the truth. Lears childlike‚ immaturity that later turns to insanity is brought about by the other characters around him‚ and by the end of the play we see the aftermath
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