Panasonic Manufacturing Philippines Corporation and Subsidiary Consolidated Financial Statements March 31‚ 2011 and 2010 and Years Ended March 31‚ 2011‚ 2010 and 2009 and Independent Auditors’ Report SyCip Gorres Velayo & Co. COVER SHEET 2 3 0 2 2 SEC Registration Number P A N A S O N I C E S M A N U F A C T U R I N G A N D P H I L I P P I N C O R P O R A T I O N S U B S I D I A R Y (Company’s Full Name) O r t i g a s R i z a l A v e n u e E x t e n s i o n
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ACTG381 Sample Midterm Midterm 1 Name:_____________________________________________ Part 1: Multiple Choice (25 questions @ 3 pts ea. Suggested time 50 minutes) Use a scantron to fill in the letter corresponding to the “best” answer. 1. Which of the following properly describes a deferral? a. Cash is received after revenue is earned. b. Cash is received before revenue is earned. c. Cash is paid after expense is incurred. d. Cash is paid in the
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CHAPTER 23 STATEMENT OF CASH FLOWS IFRS questions are available at the end of this chapter. TRUE-FALSe—Conceptual Answer No. Description F 1. Primary purpose of the statement of cash flows. T 2. Information provided by statement of cash flows. T 3. Classification of operating activities. F 4. First step in cash flow statement preparation. T 5. Reconciling beginning and ending cash balances. F 6. FASB’s recommended method. T 7. Decrease in accounts receivable and cash-basis revenues. F
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their children go to school on public transport. Families can also get help with housing if they are on a low income‚ to pay rent or council tax. There are many more benefits people can apply for such as job seeker allowance for people who are not working‚ disability living allowance for people with a long time illness or disability also carer benefits for people who look after someone who is sick. These are a few of the benefits that may be available to families with young children to help them
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Module I - Assessment of Inherent Risk 1. See Figure BR.A-Biltrite’s organizational chart. Based on the chart and the case description‚ the following strengths and weaknesses should be identified: STRENGTHS: • The structure shows adequate separation within the CBIS function‚ i.e.‚ systems analysis and programming are separate from data processing and control (implications for control risk assessment) • Separation is also maintained between the accounting and finance functions (implications
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reflect their true potential. So even if the benefits are recognized after a substantial period‚ the current period could show them to be a loss making expense. Depreciation on these assets is not mentioned under a separate head‚ but since they account for them in their balance sheet‚ we can assume assets are NET of accumulated depreciation. EXPENSES There has been no mention
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have changed significantly from the prior period. PSA 540 Par A6 Additional examples of situations where accounting estimates‚ other than fair value accounting estimates‚ may be required include: • Allowance for doubtful accounts. • Inventory obsolescence. • Warranty obligations. • Depreciation method or asset useful life. • Provision against the carrying amount of an investment where there is uncertainty regarding its recoverability. • Outcome of long term contracts. • Costs arising from litigation
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Chapter 12: Liabilities Suggested Time Case 12-1 Dry Clean Depot Limited 12-2 Darcy Limited 12-3 Homebake Incorporated Assignment 12-1 Liability issues 25 12-2 Liability recognition (W*) 25 12-3 Warranty 10 12-4 Estimated obligations 20 12-5 Liability measurement……………………….. 15 12-6 Measurement of estimated liabilities 20 12-7 Long-term note—borrower and lender 35 12-8 Note with below-market interest rate 35 12-9 Debt issuance‚ fair value
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Abstract Nowadays‚ many problems induce some affect to the social welfare system in Hong Kong. In this article‚ we defined that aging population; widening income inequality and economic downturn are the problems induce affect. In this article‚ we are going to use the current and future situation of social welfare system to have a compare to show how the problems associated with the social welfare system in Hong Kong. In the following‚ we highlight the issues that what the problems cause
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functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15‚000. Allowance for Doubtful Accounts = $3‚000 What is the amount of bad debts expense? $12‚000 Explanation: This entry simply requires you to subtract 3‚000 from the 15‚000 in estimated uncollectable accounts. 3. What is true about intangible assets
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