Differentiate among the current account‚ balance of trade and balance of payments. Current account is the net profits that a country gain from its export and imports of goods and services‚ earning from foreign investment also the included the profits from transfer of payments. Current account is important because it includes all international merchandise trade and service accounts‚ that is‚ accounts for the value of all merchandise and services imported and exported and all receipts and payments
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providing those resources. Similarly‚ the consolidated income statement provides a better picture of the total revenue generated and the costs incurred in generating the revenue. Estimates of future profit potential and the ability to meet anticipated funds flows often can be more easily assessed by analyzing the consolidated statements. Q3-3 Parent company shareholders are likely to find consolidated statements more useful. Noncontrolling shareholders may gain some understanding of the basic strength
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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AP – Unit 2 – Test Bank These are a lot of review questions on material from last year. Refresh your brains. 1) The primary goal of the American Revolution was to A) establish a new political system B) create a new economic order C) institutionalize new social values based on equality D) restore rights the colonists felt were already theirs as British subjects 6) Right after the Revolutionary War‚ a dramatic change swept through the new country: A) a dramatic increase in democracy
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The Legendary Iqbal Khan ACTG4160: Advanced Financial Accounting! ! Inter-Corporate Investments‚ Business Combinations and Consolidations! ! Introduction! ! - Non-strategic investments can be FVTPL or FVTOCI while strategic investments range from significant influence to joint arrangements to controlled subsidiaries! - Investments under 20% are considered passive unless clearly demonstrated otherwise! - No strategic advantage in terms of ability to influence or control the investee!
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user-friendly approach. Financial position is the status of a person’s or business assets‚liabilities‚and capital at a point in time.financial position is reported in the form of a balance sheet‚which is a formal financial statement prepared under specific accounting rules. The state of and the relationships among the various financial data found on a firm’s balance sheet.The accounts status of a firm’s or individual assets‚liabilities‚and equity position as reflected on its financial statement. The total
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The Nigeria Ecological Fund Office Aroboinosen Hillary Department of Agricultural and Bio-Resources Engineering‚ Federal University of Technology‚ Minna‚ Niger State‚ Nigeria E-mail:aroby_hillary@yahoo.com Abstract Nigeria has a total land area of 983‚213 km2 occupied by about 140 Million people: The interaction of these millions of people with their environment has left indelible mark on the landscape. Deforestation‚ desertification‚ flooding‚ erosion and all kinds of pollution as well
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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employer in Seattle‚ Washington. Explain why each of the following individuals or organizations would be interested in financial information about the company. a. California Public Employees Retirement System. One of the world’s largest pension funds. They would be interested in Boeing’s financials to see how much the company contributes to their employee’s 401K plans. b. Chinese Airlines‚ a rapidly growing airline serving the Pacific Rim. Seeing the amount of sales that Boeing has‚ shows
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The Future of Non-Profits Jose M. Peralta Keller University PA571 – Nonprofit Organization Management Kevin Hume February 18‚ 2011 The Future of Non-Profits “The once-booming nonprofit sector is in the midst of a shakeout‚ leaving many Americans without services and culling weak groups from the strong. Hit by a drop in donations and government funding in the wake of a deep recession‚ nonprofits—from arts councils to food banks—are undergoing a painful restructuring‚ including mergers‚ acquisitions
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