Retained earnings‚ June 1 $ 0 Add: Net Income $3300 Less: Dividends $2000 Retained earnings‚ June 30 $1300 ____________________________________________________________________________ Eckersley Service Company Balance Sheet June 30‚ 2011 Assets Cash $4600 Accounts Receivable $4000 Supplies $2400 Equipment $29000 Total Assets $40000 Liabilities and
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Balance Sheet Items presented on the face of the statement of financial position represents an entity’s assets‚ liabilities‚ and equity (net assets) at a given point in time‚ a specific date. These items should be sufficiently detailed to enable identification of material components under US GAAP. In contrast the Financial Instruments and Exchange Act requires Japanese GAAP to present items in a more detailed manner compared to IFRS and US GAAP. Thus Bridgestone‚ following JP GAAP have more accounts
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The different perspectives which balance scorecard looks at are: 1. Financial Perspective – How does firm look to the shareholders? 2. Customer Perspective – It addresses what the customers expect. 3. Internal business perspective – It help the organisation to identify processes at which they need to excel 4. Learning/innovation perspective – It addresses what the organisation needs to improve to create value in the future. They argued that Balance scorecard can act as a benchmark against
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In planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes to the financial statements. 5. The client has legal title to
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Trident University International Module 1: Session Long Project ACC 501: Accounting for Decision Making 23 November 2012 Session Long Project Pickett Company Working Trial Balance 31-Dec-12 Accounts Debit (-) Credit (+) Accounts payable $14‚500.00 Accounts receivable $28‚000.00 Cash $46‚500.00 Common stock $10‚000.00 Depreciation expense $18‚250.00 Cost of goods sold $402‚610.00 Equipment (net of depreciation)
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Current Balance of Payments(BoP) Position of Bangladesh One country’s economic performance is reflected through its Balance of payment. Balance of payments (BoP) accounts is an accounting record of all monetary transactions between a country and the rest of the world. Bangladesh is not different so. The improvement of its economy also depends on the performance of its Bop. According to a World Bank report published in 2012‚ The Current account balance (BoP; US dollar) in Bangladesh is 926.19 billion
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Company has a very detailed and organized balance sheet and income statement in which all of the company ’s information is listed in the proper order. The balance sheet can be viewed annually or quarterly and all amounts are in US dollars by millions except for per share amounts. The balance sheet first begins to lists the company ’s assets. The assets section is broken down by current assets‚ cash‚ net receivables‚ inventories‚ and other current assets. The balance sheet then lists in order the total
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Fighting Environmental Injustice Crystal Rainey SCI 207 Dependence of Man on the Environment Richard Hoagland March 30‚ 2011 Fighting Environmental Injustice Our envirment has been poorly treated by humans for years. It should be everyones job to help take care of our enviroment. Taking care of our enviroment and trying to make our environment healthier is a big job and is something everyone care partake in‚ but who fights for enviromental injustice. The Environmental Protection Agency or
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1、(1) What are the primary line items within Citigroup’s balance sheet and income statement? Balance Sheet Asset Cash and due from banks Deposits with banks Federal funds sold and securities borrowed or purchased under agreements to resell Trading account assets Investments Total loans‚ net Liability Total deposits Short-term borrowings Long-term debt Equity Common stock Additional paid-in capital Retained earnings Income Statement Income Total revenue Total provisions Total
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Page No. 1. Cover Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening
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