Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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CHAPTER TWO EXTERNAL ENVIRONMENT ANALYSIS At the end of this chapter‚ the student should be able to: 1. Understand the processes for an environmentally conscious organization. 2. Know the importance of SWOT analysis in analyzing both external and internal environment. 3. Understand the different segments of the external environment known as the general environment. 4. To find out how the strength of the company’s competitive forces are congruent with the industry’s through the five-forces
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It is very critical for organization to understand the importance of external environment‚ which includes remote‚ operating and industrial environments before developing its future objective. Each environment bases on different factors‚ therefore the analysis of external environment will help the company seeks for new opportunity in many areas as well as discovering challenges that might have direct impact to the organization in the future. The remote environment consists of the study of the economic
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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laws and regulations are crucial to them as well. ICAEW defined external assurance as the provision of an independent opinion by an expert (chartered accountants) on information prepared by one party for the benefit of another parties. By providing assurance on non-financial information reporting is also known as external assurance reports. Basically there is no requirement or significant demand by public or association on this external assurance. Therefore‚ auditors are only required to meet their
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9 Hongliang Wang 7/24/2014 Does eBay deal effectively with its external environment? First of all‚ I want to separate the eternal environment to three parts‚ one is eBay’s American external environment‚ one is European and Australian external environment and another one is eBay’s international external environment. In my opinion‚ eBay’s was good at dealing effectively with American and European and Australian external environment. The reason is eBay’s creator Pierre Omidyar and his wife
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CONCEPTS‚ THEORIES‚ & INQUIRY — Harrison Rusinyak — Scientific Concepts or Phenomenon — Solar System — The Solar System in past concepts. — Earth was thought to be the center of the Universe. — The stars and planets revolved around the Earth. — The Earth was thought of as flat. — No one experimented to see how far they can see. — The Solar System current concepts. — The planets revolve around the sun. — Earth is a 4-dimentional
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1. Determine at least three (3) different internal and external stakeholders that Dr. Doright might have to deal with on a daily basis at the hospital. Discuss the duty of loyalty owed to each internal and external stakeholder. (1) Shareholders: Shareholders have the right to attempt to influence the actions of management. They can do this by putting nonbinding proposals forward-called resolution-to be voted upon at annual shareholder meetings. In advance of each annual meeting‚ shareholders are
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information so they can make important decisions in order to remain competitive. There are two different types of communication; internal and external. Internal communication means communication within the company‚ for example a manager to all shop-floor staff. External communication is the company communicating with others outside of it‚ its customers.
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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