strike price is $51. The option expires on July 31‚ 2010. On March 31‚ 2010‚ the market value of Reese stock was $48 per share and the time value of the option was $120. The put option is not designated as a hedge. If the company has to prepare financial statements on March 31‚ 2010‚ what would the entry be? A debit to the Put Option and a a. credit to Unrealized Holding Gains/Losses – Income $805. b. credit to Unrealized Holding Gains/Losses – Equity $805. c. credit to Unrealized Holding
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“Financial statements are like fine perfume; to be sniffed but not swallowed.” - Abraham Briloff (Professor Emeritus of CUNY Baruch) ACCOUNTING: Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least‚ of financial character‚ and interpreting the results thereof." ACCOUNTING AND ITS ROLE IN SOCIETY:
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Throughout Twelfth Night‚ William Shakespeare portrayed a story of unreciprocated love‚ misunderstanding‚ and a happy ending that ties all the loose ends together. However‚ he also offered a detailed depiction of many relationships‚ particularly those involving Orsino‚ Olivia‚ Viola‚ Cesario‚ and Sebastian. By examining the dynamics between these characters as well as a few others through the lens offered throughout this play‚ it becomes quite clear that certain relationships are consistently stronger
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FINANCIAL ACCOUNTING FOR MANAGEMENT o 6. I 7. J 8. SANJAY INDUSTRIES LTD. Balance Sheet and Income Statement The following is the trial balance bf Sanjay Industries Ltd. as on 31 st March 2006. 1. 2. of Rs. 10 each) Mal IntE Pre Further information 1. Outstanding rent amounted to Rs. 7‚200 while outstanding salaries Rs. 8‚100 at the end Ca: 2. 3. 4. 5. the year. Make a provision for doubtful debts amounting to Rs. 4‚590. Stock on 31st March 2006 was valued
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Accounting Tutorial Question Topic 2 Week 5 Question 1 Encik Abbul has a sundry shop business registered under the name of Prudential Enterprises. The following is the summarised version of the bad debts‚ doubtful debts and the A/Receivables accounts of his business start in 2011. (The accounting period of the business is similar to the normal calendar year) Year | Account Receivables | Bad debts already written off during the year | Allowance for doubtful debts (percentage of outstanding
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eyes or the truth then it’s nonsense and the audience will see it”(Johnny Depp). In Twelfth Night‚ Shakespeare shows that love is a blind journey that can cause pain. When you have found your love or are already in love‚ you become a walking zombie; the only thing you see is the good things about your partner and your relationship. When we tend to fall in love we often make the worst mistakes of our lifetime. In Twelfth Night Shakespeare is saying that love makes you not able to see the truth. Viola
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| |7. |Of the two methods of accounting for uncollectible receivables‚ the allowance method provides in advance for uncollectible | | | |receivables. |True False | |8. |Generally accepted accounting principles do not normally allow the use of the direct write-off method of accounting for |
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| | | |Module Title / Assignment Number: Financial Accounting | | | |Submission Date: January 6th
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powerful emotions. It can change someone’s life for better or for worse. In the 17th century play Twelfth Night by Shakespeare‚ all aspects of the character Olivia’s life are either directly or indirectly dominated by love to show how the intimacy of passion can enrapture and consume someone; lead them to madness or merriment. There is a fine line between love and madness. Shakespeare emphasizes this in Twelfth Night when talking about all the men who love Oliva. When speaking about his love‚ Sebastian
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The uncertainty of identity and disguising of characters throughout Twelfth Night presents a theme with a lot of confusion but also great comedic implications. Mistaken identity is shown when twins Viola and Sebastian are misidentified for one another‚ enhancing the comic confusion amongst the characters. This is more apparent in Act 5 Scene 1; however Shakespeare contributes to this comedy through disguise to develop a sense of dramatic irony in a homoerotic subtext where Olivia falls in love with
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