WHAT HAS THE INVISIBLE HAND ACHIEVED? Ross L. Watts Sloan School Massachusetts Institute of Technology January 27‚ 2006 _____________________________ This paper was presented at the Institute of Chartered Accountants in England & Wales Information for Better Capital Markets Conference in London on December 20‚ 2005. I am grateful to Ryan LaFond‚ Karthik Ramanna‚ Sugata Roychowdhury and Joseph Weber for their comments. All remaining errors are mine. 1. INTRODUCTION When I was invited
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1. Alleg‚ Inc. Balance Sheet December 31‚ 2012 Assets Current Assets Cash And Cash Equivalents 14‚000 Marketable securities 17‚000 Accounts Receivables‚ Net 26‚000 Inventory 33‚000 90‚000 Total Long Term Assets Land and Buildings 57‚000 Machinery and equipment 120‚000 Accumulated Depreciation 61‚000 Goodwill 13‚000 Intangible Assets 9‚000 Other Assets 45‚000 183‚000 Total Assets 273‚000
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Kumail Rizvi‚ PhD‚ CFA‚ FRM Goods sold on consignment should not be recognized when transferred 4 IASB‚ IAS NO. 18‚ SERVICES When the outcome estimation is reliable‚ recognized revenues with reference to the stage of completion at the balance sheet date Conditions for reliable estimation of outcome 21/5/2013 Kumail Rizvi‚ PhD‚ CFA‚ FRM Amount can be measured reliably Probability of flow of economic benefits Stage of completion can be measured reliably Cost incurred or to
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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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Acid-Base Balance and Fluids and Electrolytes Student’s Name Institutional Affiliation Date Due Respiratory Acidosis Respiratory acidosis refers to a medical defect in which hypoventilation occurs leading to increased concentration of carbon dioxide in the blood and decreased level of pH. Decreased pH in the blood is generally known as acidosis. The body cells continuously respire and release carbon dioxide. The lungs may fail to efficiently expel the CO2. This condition is known as alveolar
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1.A firm has net working capital of $640. Long-term debt is $4‚180‚ total assets are e $6‚230‚ and fixed assets are $3‚910. What is the amount of the total liabilities? Current assets: 6230-3910=2320 Current liabilities: 6230-39102320-640=1680 Total liabilities: 1680+4180=5860 2. Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15‚900 and depreciation is
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The analysis and application of the balance sheet Kuang xin Financial accounting is one of the most popular major in the world. In the study of accounting‚ people must know and use expertly the three accounting statement‚ balance sheets‚ cash flow‚ and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement‚ the balance sheet or called statement of financial position is the only one
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3.1 Trial balance 3.1.1 The source and structure of trial balance A trial balance is a list with two columns‚ which are debit and credit. It is important to every company that they need to check the errors that maybe made during enter the transactions into general accounts. If the principles of the double entry have been correctly applied to the recording of transactions in ledger accounts‚ the total of debit balances will equal to the total of credit balances. So the total of the debit column should
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Trade Balance in Selected Asian Economies Alemu‚ Aye Mengistu Assistant Professor‚ SolBridge International School of Business‚ Daejeon‚ South Korea. ayem2011@solbridge.ac.kr Jin-sang‚ Lee Specialist Professor‚ Duksung Women’s University‚ Seoul‚ South Korea. jinslee0209@duksung.ac.kr Abstract The aim of this study is to investigate how depreciation could affect the export sector in selected Asian countries. Theoretically‚ depreciation will bring positive impact on trade balance. However
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the market before spending more money on advertising alone. Identify the ways DLJdirect’s trading service is differentiated from competitors Tiered services for accounts with high asset balances and speed of execution are the two ways DLJdirect differentiates itself from competitors. Customers with asset balance in excess of $100‚000 are provided with access to DLJ research and greater access to DLK-manages IPOs. For customers who have more in $1 million or more assets‚ DLJdirect reduced certain
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