1 Intercorporate Acquisitions and Investments in Other Entities McGraw-Hill/Irwin Copyright © 2009 The McGraw-Hill Companies‚ Inc. All rights reserved. The Development of Complex Business Structures • Enterprise expansion as a means of survival and profitability – Size often allows economies of scale – New earning potential – Earnings stability through diversification – Management rewards for bigger company size – Prestige associated with company size 1-2 Organizational
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benefit of nonprofit groups operating like businesses is operational efficiency and less dependency on public funding. As described in the case study‚ “Blurring the Line Between Profits and Nonprofits‚” when Michael Miller became President of Portland Goodwill in the mid-1980s‚ he adopted a corporate approach to running the charity that increased total sales tenfold (Johnson‚ 2007‚ p. xxiii). By adopting business best practices‚ this nonprofit group became very successful and was able to reduce its reliance
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Dr. Sarah Kim Colecturers Dr Diane Mayorga Email ACCT5942@unsw.edu.au Ms Candice Tu Consultation times and location Wednesday 10:00am-12:00pm Quad 3065 Thursday 2:00pm-4pm Quad 3070 Tuesday 11:00am-1pm Quad 3109 Phone 9385-5844 9385-5814 9385-5907 Questions regarding course administration should be emailed to ACCT5942@unsw.edu.au. This email is not to be used to address questions relating to course contents or assessments. When sending an email please ensure you identify yourself clearly
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and all of the combining companies are dissolved. 4 Goodwill arises in a business combination accounted for under the acquisition method when the cost of the investment (fair value of the consideration transferred) exceeds the fair value of identifiable net assets acquired. Under GAAP‚ goodwill is not amortized for financial reporting purposes and will have no effect on net income‚ unless the goodwill is deemed to be impaired. If goodwill
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PAPER F7 FINANCIAL REPORTING (INTERNATIONAL) SUPPLEMENT TO PRACTICE AND REVISION KIT (JANUARY 2008 EDITION) FOR DECEMBER 2008 EXAM QUESTIONS AND ANSWERS UPDATED FOR REVISED IFRS 3 Published by BPP Learning Media Ltd BPP House‚ Aldine Place London W12 8AA www.bpp.com/learningmedia All our rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without
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(net) ($3‚840‚000 + $720‚000) 4‚560‚000 Goodwill 120‚000 Total Assets $8‚320‚000 Liabilities 1‚520‚000 Common Stock‚ $16 par ($3‚440‚000 + (.50 $800‚000)) 3‚840‚000 Other Contributed Capital ($400‚000 + $800‚000) 1‚200‚000 Retained Earnings 1‚760‚000 Total Equities $8‚320‚000 Entries on Petrello Company’s books would be: Cash 200‚000 Receivables 240‚000 Inventory 240‚000 Plant and Equipment 720‚000 Goodwill * 120‚000 Liabilities 320‚000 Common
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Financial statement overview Compnet International is a US-based Company that manufactures automobiles parts and various technical parts used in computers and computerized devices. Having established a cash reserve‚ Compnet seeks to ensure financial stability by increasing the company’s financial liquidity in meeting the day-to-day financial obligation. This means that the company shall put aside a portion of its liquid finances either in short term investments or in bank accounts and
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purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets? 9 [4] Goes the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired. 10 [5] What are the company’s depreciation methods? What is the range of estimated useful
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Columbia Sourcebook‚ 207-239 *What is Asma Gull Hasan’s view of the hijab and sex? Hasan used two passages from the Qur’an to explain her view on the hijab. The first passage that she mentions ask men and women‚ both to be modest in their appearances and to look down when there is opposite sex. The second passage that she mentioned‚ it says that men and women should cover their heads while praying and since everything men and women do in life is a prayer‚ they should always cover their heads. Also
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Moral Character‚ Goodwill – How to Achieve Them .................................................................................... 4 Intelligence ............................................................................................................................................................... 4 Moral Character ........................................................................................................................................................ 5 Goodwill.............
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