Brief Exercise 11.1 Alpha Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 10) 100‚000 Additional paid-in capital (10‚000 * 3) 30‚000 Total paid-in capital 130‚000 Retained Earnings 75‚000 Total Stockholder Equity 205‚000 Brief Exercise 11.2 Beta Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 25) 250‚000 Issued and outstanding preferred stock (10‚000 * 100) 100
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| | | |Module Title / Assignment Number: Financial Accounting | | | |Submission Date: January 6th
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Does a company have to comply with accounting standards in order to show a ‘true and fair view’ of its financial affairs? Discuss. Before the early 1990s‚ the directors of a company could elect not to comply with an accounting standard issued by the AASB if they believed the particular standards would cause the accounts not to present a true and fair view. This ’true and fair override’ no longer exists and directors must now comply with applicable accounting standards and add any
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FORENSIC ACCOUNTING Alicia Johnson ACCT 310 Intermediate Accounting II Professor McNeal Fall 2004 Forensic Accounting is a fast growing field in the "World of Accounting". Its creation dates back to the early 1800 ’s in Glasgow‚ Scotland. Although it has been around for a long time‚ it has become increasingly popular in the past few years as there have been a number of corporate scandals‚ stricter reporting‚ and internal control regulations involving public awareness and importance in
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JB Accounting Fraud‚ the Investor and the Sarbanes Oxley Act Throughout the past several years major corporate scandals have rocked the economy and hurt investor confidence. The largest bankruptcies in history have resulted from greedy executives that “cook the books” to gain the numbers they want. These scandals typically involve complex methods for misusing or misdirecting funds‚ overstating revenues‚ understating expenses‚ overstating the value of assets or underreporting of liabilities
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The Iroquois creation myth has been around since at least 1142 A.D. in the Iroquois nation in North America‚ in what is now known as New York‚ Quebec‚ and Ontario. While the minor details may change depending on who tells you the story‚ the main premise remains the same. Each story describes the planet pre-dating humans as an unlimited expanse of water with no land in sight‚ with the humans inhabited a place in the high-reaches of the sky where the forests were forests were full of game‚ rivers
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The 200th anniversary of the storming of the Bastille is the occasion of national celebrations in France‚ a flood of books‚ articles and TV programmes‚ presenting opinions for all tastes. Yet beneath all the ballyhoo‚ the ghosts of 1789-93 are beginning to stir uneasily. The modern descendants of that very bourgeoisie which was the principal benefactor of the revolution are experiencing a crisis of identity in their attitude to their own past. As one journalist expressed it‚ "although all serious
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Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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Marlo Thomas Capella University Unit 1 Assignment 1 Article Review 1 February 24‚ 2013 As corporations globalize‚ they face many financial challenges. The major challenges faced by the Global CEO is giving corporations a powerful mechanism for arbitrage across national financial markets as capital markets open up with them while managing their internal markets to build an advantage. CFOs have to balance opportunities‚ the long-established questions
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Texas took many steps toward independence and annexation. This all began with the idea of Manifest Destiny‚ which was the thought that God wanted white men to take land for their own pleasing. This idea was spread by Mountain Men‚ who in search for beaver and other furs for trade‚ probed the Rockies to explore more of the western part of the country. The most famous Mountain Man‚ Jedediah Smith‚ crossed the Great Basin and the Sierra Nevada to reach the California trail‚ which linked the U.S. to
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