Accounting today is used by most people in the world in one way or another. Accounting is a system for identifying‚ reading‚ measuring‚ and interpreting the results of economic activities. Accounting is not only used in the business world but rather it is used by everyone in all types of situations. For example‚ trying to get a bank loan or trying to apply for a credit card the applicant must provide the company with their personal accounting information to get approved. Personal accounting information
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1. award: 0 out of 0.00 points On January 1‚ Puckett Company paid $2.64 million for 88‚000 shares of Harrison’s voting common stock‚ which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison
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ACCOUNTING: COMPANY REPORT ON SNAGS LTD Prepared for: Management of Snags Ltd Table of Contents Executive Summary 3 Introduction 4 Ratio Analysis 5 Return on Equity Ratio 6 Return on Assets Ratio 6 Asset Turnover Ratio 7 Inventory Turnover Ratio 7 Account Receivables Turnover Ratio 8 Gross Profit Margin 9 Net Profit Margin 9 Current Ratio 10 Gearing Ratio (Debt to Equity Ratio) 11 Profitability 11 Liquidity 11 Efficiency 12 Capital Structure
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Student name : Cotleanu Andrei Essay What if there were no cars ? I think that life would really change if there were not cars in the world .Nowadays ‚ transportation is very important in our life . People use the cars to go to work ‚ to send their children to their school ‚ or to get to their destination in a very fast way. You can find many reasons
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workshop) Review Question 4 (page 628 of text) When reviewing the financial statements and supporting notes of a reporting entity‚ is it possible to establish all the individual types of income or expenses that the entity has incurred or received? If not‚ how does management determine which income and expenses should be disclosed? NZ IAS 1 paragraph 88 requires entities to recognize all items of income and expense occurred in the trading period. However‚ it is impossible to establish all the individual
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asking the question “What would the world be without women?” In one particular advertisement we see a average man dressed in women’s clothing and holding a baby‚ with the question “What would the word be without women?” However the Australian clothing may have had the best intentions at heart to empower women and to challenge culture. This ad is asking questions about the role of women and the role of men; Are men co-dependent of women? Could the world survive without them? They may have very
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A world without plants Plants; probably the most ignored organism on this planet. People walk past plant and cut them down but nobody ever thinks about what they do for us‚ what the world would be if there was never any plants or photosynthetic organisms. If the world never had these organisms the world would be a desolate place. There would be no oxygen‚ atmosphere‚ or food. We inhale air unconsciously every day. By taking in air‚ we absorb oxygen and discharge carbon dioxide in the process
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tragic death. Without Lady Macbeth’s ambition of success and power the play would not be as dramatic as if she would have been absent. This is because Macbeth was happy for things to play out naturally while Lady Macbeth was impatient for the prophecies to come true. In the opening scenes the character of Lady Macbeth comes into her own when she convinces Macbeth to kill King Duncan. If Lady Macbeth was not present during this part of the play the reader can assume that Macbeth would not have killed
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headquartered in Slough‚ England. Building a Company Without Borders AN ITALIAN IS RUNNING THE UK BUSINESS A DUTCHMAN IS RUNNING THE U.S. BUSINESS AN AMERICAN IS RUNNING THE GERMAN BUSINESS by Bart Becht A FRENCHMAN IS RUNNING THE RUSSIAN BUSINESS AN INDIAN IS RUNNING THE CHINESE BUSINESS A BELGIAN IS RUNNING THE BRAZILIAN BUSINESS T THE IDEA You may never have heard of Reckitt Benckiser‚ but in the past few years the company has outperformed its rivals P&G‚ Unilever‚ and Colgate
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E9-7 Brainiac Company purchased a delivery truck for $30‚000 on January 1‚ 2011.The truck has an expected salvage value of $2‚000‚ and is expected to be driven 100‚000 miles over its estimated useful life of 8 years.Actual miles driven were 15‚000 in 2011 and 12‚000 in 2012. Instructions (a) Compute depreciation expense for 2011 and 2012 using (1) the straight-line method‚ (2) the units-of-activity method‚ and (3) the double-declining balance method. (b) Assume that Brainiac uses the straight-line
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