CHAPTER 10 Acquisition and Disposition of Property‚ Plant‚ and Equipment ANSWERS TO QUESTIONS 1. The major characteristics of plant assets are (1) that they are acquired for use in operations and not for resale‚ (2) that they are long-term in nature and usually subject to depreciation‚ and (3) that they have physical substance. 2. The company should report the asset at its historical cost of $420‚000‚ not its current value. The main reasons for this position are (1) at the date of acquisition
Premium Generally Accepted Accounting Principles Investment Balance sheet
Exposure Draft Accounting Standard (AS) 10 (revised) Tangible Fixed Assets (Last date for Comments: February 28‚ 2006) The Institute of Chartered Accountants of India Issued by Accounting Standards Board Exposure Draft Revised AS 10‚ Tangible Fixed Assets Contents INVITATION TO COMMENT [Exposure Draft] Accounting Standard AS 10 (revised) Pages 4-5 Tangible Fixed Assets OBJECTIVE SCOPE DEFINITIONS RECOGNITION Initial Costs Subsequent Costs MEASUREMENT AT RECOGNITION Elements
Premium Depreciation Generally Accepted Accounting Principles
• ICD-9‚ ICD-10 coding‚ EDI(Electronic data interchange)‚ transaction syntax like ANSI X12 • Participated and actively functioned in Joint Application Development (JAD) • Strong Experience in Test Plans development‚ Test Conditions and Test Cases‚ test data creation and analysis‚ interaction with the development team for error detection and correction. • Understanding the Business Intelligence concept using set of methodologies‚ processes‚ architectures‚ and technologies that transform
Premium Unified Modeling Language Object-oriented programming Microsoft
“Statistical unit is necessary not only for the collection of data‚ but also for the interpretation and presentation”. Explain the statement. Find the standard deviation and coefficient of skewness for the following distribution Variable 0-5 5-10 10-15 15-20 20-25 25-30 30-35 35-40 Frequency 2 5 7 13 21 16 8 3 A salesman has a 60% chance of making a sale to any one customer. The behaviour of successive customers is independent. If two customers A and B enter‚ what is
Free Probability theory Normal distribution Variance
such differences could be troublesome for auditors of transatlantic entities containing parents or subsidiaries in each continent‚ where legal resource and allowable liability limits differ. the purpose of this article are to discuss the abandoing of interpretation 101-16/ describe some effects of interpretation 507-8 and compare and contrast global approaches to limiting accountants ’ liability throug the use of engagement letter. rule 101 interpret thta indemnification agreements remove a major
Premium Auditing Audit External auditor
of understand where religious people stand in the situation of cloning. This would be something I would love to read more on. 2. George W. Bush. “Both human reproductive cloning and therapeutic cloning should be banned.” www.whitehouse.gov April 10‚ 2002; October 1‚ 2002. Summery- This is on President George W. Bush speech in which he talks about banning cloning over-all. In Bush speech he states how some friends of his are paralyzed and still against cloning and how medicine should be a main
Premium Cloning George W. Bush
B (Choose the Correct Answer) Q.8 Which of the following is not used by plants to make food? (a)Water (b) CO2 (c) sunlight (d) Proteins Q.9 Which is best conductor of electricity? (a) Gold (b) Copper (c) iron (d) Silver Q.10 Name the energy currency of body. (a)ATP (b) DDT (c) Joule (d) none of these Q.11 in order to prevent the spoilage of potato chips‚ they are packed in plastic bags with : (a)Cl 2 (b) O2 (c) H2 (d) N2 Q.12 The process of digestion
Premium Chemical reaction Energy Electric charge
rule for the implementation of web analytics called the 10/90 rule. This rule stated that for every 10 dollars you are paying your web analytics vendor (WebTrends‚ Omniture‚ CoreMetrics‚ etc)‚ you need to be investing an additional 90 dollars in analysts/intelligent resources to extract value from that data. As you can probably imagine‚ most people saw this rule as either a massive exaggeration or simply unrealistic. But the logic behind the 10/90 rule is really very sound which is most likely the
Premium Decision making
1. The book store chain keeps high inventory‚ high plant and equipment assets‚ and profit per revenue is low. 2. Commercial bank has an extremely high accounts receivable and the longest receivables collection period. And their biggest part of liabilities is notes payable. It really meets the features of Commercial bank. 3 Computer software developer sells most of their products online and direct to customers‚ so most of their sales and transaction online. This explains the high receivable
Premium Balance sheet Accounts receivable Accounts payable
STRATEGIC PLANNING: A TEN-STEP GUIDE* I. IMPORTANCE OF PLANNING There is broad agreement among nonprofit leaders and experts that planning is a critical component of good management and governance. Planning helps assure that an organization remains relevant and responsive to the needs of its community‚ and contributes to organizational stability and growth. It provides a basis for monitoring progress‚ and for assessing results and impact. It facilitates new program development. It enables an
Premium Strategy Management Strategic planning