You have 120 minutes to finish. Feel free to use a calculator to back up your answers. Textbooks and mobile phones are NOT allowed. Any verbal contact among students is considered cheating and will be punished: the student involved will be assigned zero points on this exam. Good luck! Student Name: ……………………………………… Grade: ……… / 20 ______________________________________________________________________________ Exercise 1: Pierce Company reported net income of $200‚000 for the current year.
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Term Paper on Financial Performance Evaluation (For the Partial Fulfillment of financial and managerial accounting Course Code: MBA 514) Submitted to: A .S.Kannan (assistant professor) Submitted by: Abel Dula Aynemogn Getachew Mekonen Yimer School of Business And Economics Dilla University Dilla January‚ 26‚ 2012 Table of Contents ACKNOWLEDGEMENTS 4 1. Introduction 5 1.1 Back
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QUESTION 1 1. How do a proprietorship and corporation differ? If you worked for a CPA firm‚ which would you recommend to your client and why? Explain in your own words. The difference between proprietorship and corporation is that proprietorship is only owned by 1 person and corporation is owned by either 1 person or a group of people. It also differs from the liability because a proprietorship has unlimited liability and a corporation has limited liability. When a proprietorship is sued‚
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COURSE Financial Statement Analysis Report on Financial Statement Analysis of Gull Ahmed Company SUBMITTED TO Sir Raza Haider Sawal SUBMITTED BY Mohammad Sadiq Imran khan Raza Khan Taimur Shareef BBA Hons Semester Vii Section A INSTITUTE OF MANAGEMENT SCIENCES | PESHAWAR Financial statement analysis Introduction: Financial statement analysis is the art of transforming data from financial statement into information that is useful for informed decision making. Financial analysis involves the use
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TRANSMITTAL David Jones Limited Date: 16th October‚ 2009 Dear Users‚ It is honor to transmit to you the Financial Statements Analysis Report of David Jones Ltd for Fiscal Years from 2004 to 2008. This financial analysis report bases on analyzing the historical data of David Jones Ltd. financial reports from FY04 to FY08. The purpose of this report is presenting the existing financial conditions and performance of David Jones Ltd. and forecasting the foreground of this company. Meanwhile
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organisations has really established the fact that financial statements shall contain the following information according to section 334(2) of the companies and allied matters act (CAMA) 1990 as well as statement of accounting standards (SAS) 2:profit and lossaccount;balance sheet; a statement of cash flow; value added statement; five-year financial summary; statement of significant accounting policies; notes to the accounts; group financial statement (in case of a group); chairman’s report; directors’s
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The Consolidated Statements of Earnings or the income statement tells financial statement users that there was a decrease in gross profit and net sales for the fiscal year 2008. The Consolidated Statements of Earnings show that the closing of underperforming stores‚ removal of new store openings from the pipeline‚ and staff reductions in many Home Depot projects resulted in $951 million in pretax charges. The difference profit and net sales is also a cause of fiscal year 2008 being 52 weeks and
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Dear Fellow Shareholders‚ As you all know we recently started a new business‚ and here are some of the obstacles and challenges we encountered. The theme of this year’s annual report‚ “Bold Moves‚ Great Future‚” could also accurately describe our future. The Pump Up brand of energy drinks continued to gain market share up to date‚ and continues to exceed the growth in sales of the energy drink category. The energy drink category itself has continued to grow at an extremely high rate. Gross sales
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Comprehensive Annual Financial Report (CAFR) Brief for the City of Topeka‚ Kansas Abstract The comprehensive annual financial report (CAFR) is prepared by governments—state‚ city‚ county‚ or municipalities—that allows the citizenry the opportunity to review the performance of fiscal responsibilities with all funds and activities of the primary government. Although CAFR is not mandated‚ it is encouraged‚ with adherence and publication for prepared statements and disclosures in accordance with
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Financial Statement Review University of Phoenix ACC/561 Financial Statement Review Introduction Financial statements play a significant role in each and every type of business. The financial statements provide a wealth of information to auditors‚ creditors‚ investors‚ suppliers and other important venues that need access to this type of information. This paper will discuss four different types of financial statements and how they are utilized by vendors‚ creditors and others
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