Chapter 5 Questions 1. Distinguish among the following concepts: a) Difference between cost and book value. b) Excess of cost over fair value. c) Excess of fair value over cost. d) Deferred excess of fair value over cost. 2. In what account is “the difference between cost and book value” recorded on the books of the investor? In what account is the “excess of cost over fair value” recorded? 3. How do you determine the amount of “the difference between cost and book value”
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Thesis: about the dust bowl is that it wasn’t enough water there so it got dry because they used all the water up then a drought came;we need to learn to protect our water resources. Support my thesis:”The drought and its associated dust storms created one of the most severe environmental catastrophes in U.S. history and led to the popular characterization of much of the southern Great Plains as the “Dust Bowl” (Schubert). My thoughts:1: If they had more water it would have never been a drought
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ACCA – Oxford Brookes University BSc (Hons) in Applied Accounting Improve your career prospects with a degree Flexible‚ accessible and affordable online delivery Online access to experienced mentors Building futures one success story at a time Students studying for their ACCA professional qualification have the opportunity to obtain a degree from Oxford Brookes University‚ one of the UK’s leading modern universities with an international reputation for teaching excellence and innovation as
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Project Assignment Tyson Food Inc (Filer) CIK: 0000100493 IRS No.: 710225165; State of Incorporation: Delaware; Fiscal Year End: 0929; Type: 10-K; Act: 34; File No.: 001-14704; Film No.; 101207228; SIC: 2015 Poultry Slaughtering and Processing Business Address: 2200 Don Tyson Parkway‚ Springdale‚ AR 72762-6999 Telephone number: 479-290-4000 Tyson Foods‚ Inc. founded in 1935‚ developed its business as one of the world largest meat and poultry processing and distributing company
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formula must be applied to all inventories similar in nature or use of the entity. In measuring‚ inventory is carried at the lower and net realizable value. Previously recognized losses are reversed up to the amount of the original impairment loss when the reason for impairment no longer exists. Construction Contracts With US GAAP‚ construction contracts are accounted for using the percentage of completion method if certain criteria are met. Otherwise the completion method is used. With IFRS (IAS
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$28‚000 3. Infinity Corporation acquired 80 percent of the common stock of an Egyptian company on January 1‚ 2008. The goodwill associated with this acquisition was $18‚350. Exchange rates at various dates during 2008 follow: Goodwill suffered an impairment of 20 percent during the year. If the functional currency is the Egyptian Pound‚ how much goodwill impairment loss should be reported on Infinity’s consolidated statement of income for 2008? A. $3‚670 B. $3‚700 C. $3‚680 D. $3‚690
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exAminAtion SAmple multiple ChoiCe queStionS – June 2009 Paper T7 Planning Control and Performance Management Section A only All questions are compulsory Note: Section B of the actual exam paper will contain four written questions FOR FREE ACCA & CAT RESOURCES VISIT: http://kaka-pakistani.blogspot.com the following questions are typical of those that will appear in Section A of the examination paper from June 2009 onwards. there will be a total of ten questions in section A. All questions
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The Office of the Comptroller of the Currency (OCC) recently issued itsSemiannual Risk Perspective‚ which discusses risk concerns for national banks and savings institutions. The three major risk concerns that the OCC outlined in the report are (1) the after-effects of the recent housing-driven boom/bust cycle; (2) the challenges to banking industry revenue growth in a post-recession‚ slow-growth economy; and (3) the potential that financial institutions may take excessive risks to improve profitability
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calculations. -Identify valuation basis (market value or historical costs) and describe the impairment testing procedure for PPE. -Identify the amount of depreciation expense in the IS (or the notes) Compute profitability ratios and provide a short analysis (see exercise 10-26B). CHAPTER 11 - INTANGIBLES -Identify the different components of Intangible assets (marketing‚ customer‚ contractual‚ technological‚ goodwill) and related accumulation amortization (if available). Locate the amortization methods
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Wong Tze Siang. 22972668. EXECUTIVE SUMMARY By 2015‚ Pacific Grove (hereafter referred as "PG") will reach a 55% ratio of interest/bearing debt to total assets and their equity multiplier will be 2.77 which is consistent with Peterson’s expectation. I must be noted that over the next 4 years‚ PG’s interest coverage is forecasted to increase suggesting that they will gradually be building up more earnings to cover its debt payment which is a good sign for the banks. Dilution of shares seems have
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