ACTG2010 Exam-AID session. It is intended for students enrolled in any section of Introduction to Financial Accounting – ACTG2010 course who are looking for an additional resource to assist their studies in preparation for the exam. References Friedlan‚ John. Financial Accounting: A Critical Approach. Toronto: McGraw-Hill Ryerson‚ 2010. Print. Richardson‚ Alan J. Cases in Financial Accounting: A Principles-based Approach. Toronto‚ ON: Nelson‚ 2007. Print. Contents Chapter 1: page 2 Chapter
Premium Balance sheet Inventory Generally Accepted Accounting Principles
The Bear Minimum Case Summary: Big Bear Power is a public utility with a strong financial position for past several years. The company is in compliance with all its debt covenants because of its positive cash flow. Big Bear leased combustion turbine from Goliath Co. The lease term is non-cancelable for ten years. The lease was signed on December 15‚ 2004‚ but the lessee’s right to use the turbine starts on January 1‚ 2005. Issues and Facts There are three specific provisions associated with the
Premium Lease Money
requirement tests for impairment. As a result‚ we need to verify if impairment should be recognized. 2. The impairement is $600‚000. GAAP methodology of determining impairment uses a two-step recoverability test. Step one‚ requires a company to estimate the future undiscounted cash flows expected from the use of that asset and its eventual disposition. If impairment has occurred‚ step two would determine the loss by subtracting the fair value from the carrying amount of the asset. 3. Ida should
Premium Generally Accepted Accounting Principles Goodwill Depreciation
behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit decreases‚ and as the change in the volume of activity decreases‚ the fixed cost per unit increases. The total variable cost is directly proportional to the change in the volume
Premium Costs Variable cost Cost
Written by: Birgit Löhndorf Department of Marketing‚ Vienna University of Economics and Business‚ Vienna‚ Austria Written by: Adamantios Diamantopoulos Department of Business Administration‚ University of Vienna‚ Vienna‚ Austria Abstract Prior research acknowledges employees’ crucial role in building strong service brands‚ yet empirical research on how to turn employees into brand champions remains scarce and has been largely approached from an internal branding perspective. Drawing on social
Premium Brand Brand management
Why did the New Zealand government offer Warner Brothers incentives to film “The Hobbit” in New Zealand? Analyse how this will affect the New Zealand film industry and New Zealand society. Warner Brothers‚ one of Hollywood ’s most famous studios‚ was founded in 1923 by four actual brothers: Jack‚ Sam‚ Harry & Albert Warner. On April 4‚ 1923‚ with help from a loan given to Harry Warner by his banker Motley Flint‚ they formally incorporated as Warner Bros. Pictures‚ Inc. I believe that production
Premium The Lord of the Rings film trilogy Warner Bros. The Hobbit
percent of all colon cancer cases occur in people older than 50. * In many cases colon cancer has no obvious symptoms. However‚ in some cases‚ a good warning sign is rectal bleeding. * In Canada about 25 people die of colon cancer every day. Facts about Colon cancer * Colon cancer is taking 655‚000 deaths worldwide per year‚ and it is the second leading cause of cancer-related deaths in Canada. * Age increases the risk of developing colon cancer. About 90 percent of all colon
Premium Cancer Colorectal cancer Ulcerative colitis
12) uses 2 units of direct materials. The company keeps stock of 25% of the next months estimated sales. Balance of direct materials as at 31 December 2013 amounts to 140‚000 units of direct material at $0.25 per unit. There is no change in the cost direct material.c) The Direct Labour cost is paid in the month when such costs are incurred. The number of hours estimated are as follows: JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember120‚000125‚000130‚000128‚000142‚000154
Premium Depreciation Sales Expense
Journal of Business Finance & Accounting‚ 32(3) & (4)‚ April/May 2005‚ 0306-686X Discussion of Accounting‚ Valuation and Duration of Football Player Contracts JOHN FORKER* Investment by football clubs in player contracts provides a natural experiment to evaluate the mandated accounting requirement that purchased intangible assets must be capitalised (ASB‚ FRS 10‚ 1997b). The study is well grounded for three reasons. First‚ the availability of industry level transaction price data for transfer
Premium Asset Depreciation International Financial Reporting Standards
sure more than half of the unemployed Americans in the US are on welfare‚ which also puts a damper on the economy. I can use many examples of people I know. There’s people who choose to unemployed‚ because they’re just LAZY! They enjoy to just collect all of the “freebies” offered by welfare. The government‚ to me seem like they really don’t work for the people. They can never come to simple agreements‚ and from what I was reading on the Fox news link‚ I really agree that they should use a third party
Premium United States Supreme Court of the United States Unemployment