Practice Exam Chapters 9-12 1. Montana Co. has determined its year-end inventory on a FIFO basis to be $600‚000. Information pertaining to that inventory is as follows: What should be the carrying value of Montana ’s inventory? A. $600‚000. B. $520‚000. C. $590‚000. D. $510‚000. 2. On July 8‚ a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: What is the estimated inventory on July 8 immediately
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BPP Learning media Ltd. (2007) ACCA Study Text Paper F7 Financial Reporting (International): London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper F9 Financial Management: London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper P1 Governance‚ Risk And Ethics: London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper P3 Business Analysis: London: BPP House Central Statistics Office (2010)‚ ‘consumer price index’ Ministry of Finance and
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BUSINESS COMBINATIONS Multiple Choice Questions 1. Which of the following is a reason why a company would expand through a combination‚ rather than by building new facilities? a. A combination might provide cost advantages. b. A combination might provide fewer operating delays. c. A combination might provide easier access to intangible assets. d. All of the above are possible reasons that a company might choose a combination. 2. A business combination in which a new corporation
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NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011 Laurel House | Woodlands Park | Ashton Road | Newton-Le-Willows | Merseyside | WA12 0HH 01925 22 22 22 | www.nicholsplc.co.uk ANNUAL REPORT & FINANCIAL STATEMENTS 2011 NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011 NICHOLS PLC IS A HIGHLY FOCUSED SOFT DRINKS BUSINESS. ITS BRAND PORTFOLIO INCLUDES VIMTO‚ WHICH IS SOLD IN OVER 65 COUNTRIES AND LEVI Roots‚ weight watchers‚ SUNKIST & PANDA WHICH ARE SOLD IN THE
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From the ACCA Professional Ethics module‚ I’ve learned that in order to make ethical decisions‚ we should consider all kinds of arguments that might influence us when we make decisions. This module is tailored to cover some situations that may face the professional accountant in their workplace. The interactive case studies allowed me to practice my ethical decision-making with feedback provided on my decision. This helps me to identify and to recognize my own personal ethics in any professional
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Research and Analysis Project (RAP) Due to ACCA’s flexible entry routes‚ many students enrolling are non-graduates. I joined ACCA straight from A levels and never went to university. The partnership between ACCA and Oxford Brookes University is a chance for such students to get a Bachelors degree. I recently completed my Research and Analysis Project (RAP). I chose Topic 8‚ ‘The business and financial performance of an organisation of your choice.’ An article in Student Accountant referred to
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ACA ADVANCED STAGE SYLLABUS 2014-15 BUSINESS REPORTING © ICAEW 2013 ACA OVERVIEW Aim The ACA is regarded globally as one of the leading business and finance qualifications and is recognised and valued in practice‚ industry‚ commerce and the public sector. The ACA qualification aims to ensure that all newly qualified chartered accountants have the technical and professional skills required to meet the professional challenges likely to be faced and to provide a platform on which to build continuing
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electronic‚ mechanical‚ photocopied or otherwise‚ without the written permission of Oxford Brookes University Business School. NB: ACCA registered students may print one copy from the ACCA website for their personal use. Last printed 13/03/2007 11:01 AM CONTENTS PAGE NUMBER SECTION 1 1.1 1.2 1.3 INTRODUCTION Requirements Applying for the Degree ACCA Membership Requirements 2 2 2 2 SECTION 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 TASKS Report Your Mentor Meetings with your Mentor
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Chapter 06 Analyzing Operating Activities Multiple Choice Questions 1. Which of the following is not a reason for economic income and accounting income to differ? A. Transaction basis B. The monetary assumption C. Conservatism D. Earnings management 2. As a general rule‚ revenue is normally recognized when it is: A. measurable and earned. B. measurable and received. C. realizable and earned. D. realizable. 3. Which of the following measures of accounting income is typically reported
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Commercial Bank Industry Analysis JPMorgan Chase & Co. (JPMorgan Chase) Citigroup‚ Inc. Embassy Bancorp Farmers Capital Bank Corporation INTRODUCTION JPMorgan Chase & Co. (JPMorgan Chase)‚ Citigroup‚ Inc.‚ Embassy Bancorp‚ Farmers Capital Bank Corporation is financial holding companies‚ providing various financial services worldwide. They provide a range of financial products and services to meet the depository and credit needs of individual consumers‚ small and medium sized businesses
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