Graduate School of Management ACCT 551 Course Project Notes to Financial Statements Table of Contents I. Cover Page 1 II. Table of Contents Page 2 III. Tropical Pool Cleaning Income Statement Page 3 IV. Tropical Pool Cleaning Balance Sheet Page 4 V. Notes to Financial Statements Page 5 VI. Reference Page 9 Notes to Consolidated Financial Statements NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1
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Objective of financial statements[edit] Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it.[1] To meet this objective
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SFAC 6 ELEMENTS OF FINANCIAL STATEMENTS ASSETS. Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. LIABILITIES. Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. EQUITY. Residual interest in the assets of an entity that remains after deducting its liabilities
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* Specialty Credit Card * Prepaid Credit Card: * Business Credit Cards * Gold Credit Card: * Platinum or Titanium Card: * Silver Credit Card: * Rewards Credit Card: * Balance Transfer Credit Card ] 3. Conclusion 4. Reference INTRODUCTION In this assignment‚ I am doing a particular study about the different types of credit cards. A credit card is a payment card issued to users as a system of payment
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Different Types of Theories in Intelligence 2March‚ 2013 There are different types of theories for intelligence. “Intelligence is the underlying ability to understand the world and cope with it challenges” (Rathus‚ 2008-2009 pg. 174 para 7). Spearman‚ Gardner‚ Sternberg‚ and Salovey/Mayer explains these different types of theories. Some intelligence is a natural type of common knowledge. “Charles Spearman (1904) suggested that the behaviors we consider intelligent have a common underlying factor
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big influence on us and it is impossible not to be mislead by them. To help you recognize this advertising evil‚ we will present you the characteristics hybrid messages and everything that goes with it. Hybrid advertisements are composed of two types of texts‚ found in the media: commercial and journalistic. To better grasp the concept of hybrid advertising‚ one must first get acquainted with terms such as advertising and journalism. 1.1 Advertising Advertising is every form of promotion
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3. Among the different types of leadership styles‚ which style would be suitable to a democratic country like India to become superpower in business? Justify your answer. LEADERSHIP "The only definition of a leader is someone who has followers." To gain followers requires influence but doesn’t exclude the lack of integrity in achieving this. Indeed‚ it can be argued that several of the world’s greatest leaders have lacked integrity and have adopted values that would not be shared by many
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There are different types of ownership within the business sector. <br> <br>Sole tradership is when the business is fully owned and managed by one person‚ though others can be employed to help run the business. As the sole traders only financial income is from the business and/or bank loan‚ they do not have the resources to expand and cover regional or national areas. These types of businesses are located in the small business sector and usually cover local areas. Such businesses could be hairdressers
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Although book sales have progressively decreased over the years (over 11 percent in 2016)‚ the income statement has been overall unaffected‚ raking in an 8.3 percent increase in their non-book item sales during the first quarter of this fiscal year‚ resulting in a profit. In order for companies to stay in relevance‚ they must constantly study the behaviour
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Chapter 13: Problem BYP 13-4 INTERPRETING FINANCIAL STATEMENTS BYP13-4 The Coca-Cola Company and PepsiCo‚ Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for the Coca-Cola Company and for PepsiCo‚ Inc.‚ are presented here (in millions). Coca-Cola PepsiCo Total current assets 12‚094 8‚639 Total current liabilities 10‚971 6‚752 Net sales 21‚962 29‚261 Cost of goods sold 7‚638
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