Solutions Ch 3 Balance Sheet 3.22 (Nestlé; asset recognition and measurement.) a. Both U.S. GAAP and IFRS would recognize Investment in Bond (noncurrent asset)‚ CHF800 million. Nestlé would record the bond at acquisition cost‚ not the amount it will receive at maturity. b. Both U.S. GAAP and IFRS would recognize Prepaid Insurance (current asset); CHF240 million would be recorded initially. At Nestlé’s year-end‚ the balance in the Prepaid Insurance account would reflect the two months usage of
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The age and sex distribution of the population of Nigeria by the 1991 census is as shown in Table 1.3.2. The data Show a high proportion of children in the population. Those under 15 years of age constituted about 45 per cent of the total population. The proportion of aged persons (60 years and above) in the population constituted only 3.3 per cent. The age structure of the population‚ according to the 1991 census‚ shows a very broad-based pyramid‚ reflecting the large proportion of children and
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting as a profession or discipline‚ has always been seen as an information-generating one‚ which fittingly makes the job of the Accountant to be that of observing economic activities‚ recording the observations in the prescribed books‚ analysing the recordings‚ interpreting his analysis and preparing reports to all users of Accounting Information. The prepared reports are generally referred to as financial statements‚ which clearly outline or identify
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Functions and graphing functions Basics: A function is a rule that changes input into output A relation is any set of ordered pairs A function is defined as a set of ordered pairs in which no two ordered pairs have the same element A function must give exactly one unique output for each input Also called a mapping or simply a map The set of input numbers is called the domain The set of output numbers is called the range The set of all possible outputs is called the co-domain The range is generally
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Stock Option and Ethics Carol Berry ACC201 Principles of Financial Accounting Instructor: David Miller August 1‚ 2011 Stock Option and Ethics In today’s corporate world stock options makes up and is increasingly dominates CEO pay packages. CEO’s and top level executives are paid in a variety of different ways and stock options are just one of the ways that they get paid. CEO’s and executives have skills and responsibilities that allow directors of companies to pay these executives an extremely
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would do). Then‚ its year 2 opening net assets are $276.36‚ and net income would be: P.V. Ltd. Income Statement For Year 2 Accretion of discount (10% × 276.36) P.V.’s balance sheet at time 2 would be: P.V. Ltd. Balance Sheet As at Time 2 $27.64 Financial Asset Cash: (140 + 14 + 150) $304.00 Shareholders’ Equity Opening Balance: 276.36 (286.36 - 10.00 dividend) Capital Asset‚ at Present value 0.00 $304.00 Net income 27.64 $304.00 Thus‚ at time 2 the shareholders have: Cash from dividend
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Accounting Analysis | RealD Inc vs. IMAX Corp. | | EXECUTIVE SUMMARY RealD Inc is a leading global licensor of 3D technologies while IMAX Corp specializes motion picture technologies and presentations. While the two markets may seem mutually exclusive‚ they are not‚ and with indications of both parties having intentions to foray into broader market segments‚ the competition between both parties could not be more intense than it is now. Even though it may seem that IMAX is performing
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System 30 (2002) 419–432 www.elsevier.com/locate/system Doing focus-on-form Rod Ellis*‚ Helen Basturkmen‚ Shawn Loewen Department of Applied Language Studies and Linguistics‚ University of Auckland‚ Private Bag 92019‚ Auckland‚ New Zealand Received 17 April 2002; received in revised form 14 June 2002; accepted 17 June 2002 Abstract ‘Focus-on-form’ refers to a particular type of form-focused instruction - the treatment of linguistic form in the context of performing a communicative task
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Problem sET A Problem 4-1A (40 minutes) Aug. 1 Merchandise Inventory 6‚000 Accounts Payable—Abilene 6‚000 Purchased goods on credit. 4 Accounts Payable—Abilene 100 Cash 100 Paid freight for Abilene. 5 Accounts Receivable—Lux 4‚200 Sales 4‚200 Sold goods on credit. 5 Cost of Goods Sold 3‚000 Merchandise Inventory 3‚000 To record the cost of August 5 sale. 8 Merchandise Inventory 5‚540
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regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation‚ this essay is going to examine the reasons that financial accounting and reporting should be regulated and the merits of accounting regulations. Firstly‚ financial reports are normally
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