ACC 421 – February 2013 Written Assignment 3 Chapter 4 Question 13 (who is the taxpayer?) Unfortunately Anita is not correct in her analysis because her and the attorney are not partners. That would make her gross income the full amount of the settlement‚ which is $480‚000‚ and because the settlement is associated with a discrimination lawsuit‚ she is allowed a $160‚000 deduction for AGI. Problem 31 (accrual versus cash basis)
Premium Generally Accepted Accounting Principles Balance sheet Money
Topics 1. Convertible debt and preference shares. Warrants and debt. Share options‚ restricted share. Earnings Per Share (EPS)—terminology. EPS—Determining potentially dilutive securities. EPS—Treasury share method. EPS—Weightedaverage computation. EPS—General objectives. EPS—Comprehensive calculations. EPS—Contingent shares. Convergence issues. Share appreciation rights. 26‚ 27 16 30‚ 31 Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 27 3‚ 8‚ 9 1‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15 17‚ 18‚ 24 19‚ 20‚ 21 Brief Exercises 1‚ 2‚
Premium Corporate finance Bond Stock market
Syllabus for Accounting 3431.04 Intermediate Accounting I Spring Semester 2014 Instructor Professor Ke-an Wu Office: Suite 3-237‚ Room 9‚ Bayou Building Phone number: 281-283-3108 Email: Wukean@uhcl.edu Office hours: Wed. 3:00 to 5:00 P.M. and Thu. 2:30 to 3:30 P.M.; and by appointment Accounting Secretary Ms. Nancy Newton Office: Suite 3-237‚ Bayou Building Phone Number: 281-283-3155 Course Materials Required: Stice‚ E. and J. Stice‚ Intermediate Accounting‚ 19th edition
Premium Business Finance Management
Intermediate Accounting Project Issue 1(FASB ASC 230-10-50) Some transactions are part cash and noncash; only the cash portion shall be reported in the statement of cash flows. Non-cash activities are reported in the footnotes of the cash flow statement or reported parenthetically MEMO: After researching the proper treatment of this transaction in relation to cash flows‚ I found the following information: • The cash flow statement includes only inflows and outflows of cash and cash equivalents;
Premium Subsidiary Parent company Holding company
cost. c. private driveways and parking lots. d. assumption of any liens or mortgages on the property. 27. If a corporation purchases land and building and subsequently tears down the building and uses the property as a parking lot‚ the proper accounting treatment of the cost of the building would depend on a. the significance of the cost allocated to the building in relation to the
Premium Generally Accepted Accounting Principles Depreciation
Chapter 2 Lab Intermediate Accounting I (a) The president of Gonzales‚ Inc. used his expense account to purchase a new Suburban solely for personal use. Miscellaneous Expense 29‚000 Cash 29‚000 This in inappropriate based on the economic entity assumption. Economic Entity Assumption states that the economic activity can be identified with a particular unit of accountability. In other words‚ a company
Premium Generally Accepted Accounting Principles Balance sheet Depreciation
Chapter 1 CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false‚ explain why the statement is false. 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. 3. The primary governmental body that has influence over the FASB is the SEC. 4. The FASB
Premium Balance sheet Generally Accepted Accounting Principles Income statement
AC301: Intermediate Accounting II CPA Exam and Qualifications Wendy Roy 10/20/2014 I went and visited a few websites to understand completely California laws for the CPA‚ some of the websites I visited were; California Board of Accountancy‚ CalCPA‚ and This Way to CPA. These websites gave insight to the education standards that California requires before taking the exam. There are many different advantages to becoming a CPA board member‚ some of these advantages are; salary‚ demand‚
Premium Management Certified Public Accountant Accountant
ACCOUNTING INFORMATION DISCLOSURE: AN EMPIRICAL INVESTIGATION OF A FRUITLESS FIG TREE Victor Fegor ORIGHO MGS/PG1209622 A PAPER SUMMITED TO THE DEPARTMENT OF ACCOUNTING‚ UNIVERSITY OF BENIN BEING PARTIAL FULLFILMENT OF RESEARCH METHODOLGY COURSE REQUIREMENT MARCH‚ 2013 ABSRACT This is the first study that tries to compare the inadequacy of accounting information disclosure in meeting financial users need to the inadequacy of a blossoming tree not producing fruits
Premium Financial statements Annual report Balance sheet
CA 1-4: (a) Differentiate between Financial Accounting and Managerial Accounting. While financial accounting is the process that culminates in the preparation of financial reports on the enterprise for use by both internal (as managers) and external parties (as investors‚ creditors‚ unions‚ and government agencies)‚ managerial accounting is the process of identifying‚ measuring‚ analyzing‚ and communicating financial information needed by management to plan‚ control‚ and evaluate a company’s operations
Premium Financial statements Balance sheet Annual report