typically‚ is between two colleagues for notification of information or to obtain input on different subjects. Andrew Accountant’s memo was an informal memo the teammates to obtain information on the inventory methods of LastIn/FirstOut (LIFO) and FirstIn/ FirstOut (FIFO). The review of Andrew’s memo will show what information to use or remove and word choice‚ which both depends on the writer’s knowledge of the audience. Repercussions can arise when there is no knowledge of the audience. Inclusion
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CHAPTER – I PROFILE OF THE INDUSTRY PROFILE OF THE INDUSTRY INDIAN ELECTRICITY In the pre independent era the power development in India was slow and consisting of 852 MW thermal and 508 MW hydro capacities existed at the time of the independence in the year 1947. In 1948 the Damodar Valley Corporation (DVC) was incorporated under the DVC act‚ with the objective of the generation‚ transmission an distribution of both Hydro electric and
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Corporate Reporting and Financial Analysis Prof Wang Jiwei HOMEWORK #2 Suggested Solutions Question 1 Determinants of Income P2-9. Determining missing amounts on income statement |AJAX Corporation | |Income Statement | |For the
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E1-5 Cougar’s Accounting Services provides low – cost tax advice and preparation to those with financial need. At the end of the current period‚ the company reports the following amounts: Asset – 19000; Liabilities – 15000; Revenues – 28000; Expenses = 33000 Required: 1. Calculate net loss. 2. Calculate stockholders’ equity at the end of the period. Net loss *Revenues – Expenses = (5000) Stockholders * Assets – Liabilities = 4000 E1-6 Cash 5400 Salaries expense 2200 Accounts payable 3400
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TO: EXECUTIVE PICE PRESIDENT FROM: ACCOUNTING TEAM MATE SUBJECT: LIFO-FIFO EXPLANATION DATE: SEPTEMBER 20‚ 2010 EXECUTIVE VICE PRESIDENT The overview of Last In/First Out and First In/Last Out is now completed for the date and time of your choice to discuss the company matters. The information from last month is was completed at the end of the month and the present is kept current on a daily base as management needs to be up to date of the inventory and financial
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sheet? What kind of items are posted in the Income statement? What is depreciation and the method? What is BRS‚ with an example? What are the types of cash flows? Where does closing stock appears in the trial balance? What is LIFO & FIFO? What is Window Dressing? ------------------------------------------------------------------------------------------------------------ Types of Capital Market? What are Equity shares‚ Preference shares‚ Bonus shares‚ Bond‚ Debentures‚
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FINAL EXAM STUDY GUIDE The final exam consists of 100 multiple-choice questions from the information presented in Chapter 1 through Chapter 13. Each question is worth 2.5 points. This study guide indicates the items you should review before taking the exam. GOOD LUCK! CHAPTER 1 1. Know the 3 forms of business entities 2. Know the definitions of revenues and expenses 3. Know the difference between internal and external users 4. FASB – responsible for GAAP (accounting principles)
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What proportion of a normal distribution is located in the tail beyond z = +2.00? 0.0228 What proportion of a normal distribution is located between the mean and z = 1.40? 0.4192 The Z-score corresponding to the 52nd percentile is .05 A normally distributed variable has a mean of 10 and a standard deviation of 2. The probability that a value between 7 and 9 is obtained is .2417 An accelerated life test on a large number of type-D alkaline batteries revealed that the mean life for a particular use
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For those in the business world - particularly in the accounting field - a major issue has surfaced in recent years relating to the differences between Generally Accepted Accounting Principals (GAAP) and the International Financial Reporting Standards (IFRS) (Squadroni‚ 2010). Today majority of countries in the world follow International Financial Reporting Standards guidelines; however‚ the United States still uses Generally Accepted Accounting Principals. There have been discussions to adopt IFRS
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University of Waterloo Final Examination Term: Fall Student Name Year: 2005 Solution UW Student ID Number Course Abbreviation and Number AFM 101 Course Title Core Concepts of Accounting Information Section(s) 001‚ 002‚ 003‚ 004 Instructor Duane Kennedy Date of Exam Wednesday‚ December 14‚ 2005 Time Period Start time: Duration of Exam 2.5 hours Number of Exam Pages (including this cover sheet) 25 Exam Type Special Materials Additional Materials Allowed Cordless calculators
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