This paper will discuss a financial statement that reports the assets‚ liabilities‚ and owners equity on January1‚ 2012 called the balance sheet. The report the reader will see below is a current balance sheet for a company called Custom Building that I personally work with. Working one on one with the owner has offered quite a bit of experience in the accounting world. The reader will be able to view the balance sheet below‚ following the explanation of the balance sheet for Custom Building discussed
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COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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the fact that there are many companies that are affected of the global economic crisis. And the least thing that you can do about unemployment is to find a best way on generating money like you can accept laundry services‚ plumbing services‚ or electrical repair services if you are skilled enough to do the job. Then‚ you could start a certain profitable business like food house or a small store that does not require you much capital so that you will not find it hard to save enough money from the
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Merck Consolidated Balance Sheet | | | | | | € million | ------------------------------------------------- Note | ------------------------------------------------- Dec. 31‚ 2012 | ------------------------------------------------- Dec. 31‚ 2011 | ------------------------------------------------- Jan. 1‚ 2011 | 1 | Previous year’s figures have been adjusted‚ see Note [5] | | Current assets | ------------------------------------------------- | -------------------------------------------------
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A balance sheet is a financial statement that reports the assets‚ which are resources owned by a business‚ liabilities‚ and stockholders’ equity at a specific date. Examples of assets would be computers‚ delivery trucks‚ furniture‚ and buildings. A balance sheet has two categories: Assets‚ liabilities‚ and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes
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balance sheet‚ like a photo‚ provides a financial picture of a company on a given day and time. It categorizes all of a company’s resources as assets‚ all of its debts as liabilities‚ and all of the owner’s investments as equity. A company uses its assets‚ such as accounts receivable‚ inventory‚ and equipment‚ for manufacturing or purchasing products for sale or to provide a service. A company’s assets are financed by its liabilities (debt) and the owner’s equity (net worth). On a balance sheet‚ the
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Term Sheet BUS605: Venture Capital and Private Equity Term Sheet “A term sheet is a non-binding agreement setting forth the basic terms and condition under which an investment will be made. The term sheet serves as a template to develop more detailed legal documents. Once the parties involved reach an agreement on the details laid out in the term sheet‚ a binding agreement or contract that conforms to the term sheet details is then drawn up” (Investopedia‚ 2013)
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The Character of Tom Jones in the Novel Tom Jones A character study always shows the good and evil side of a man. Here in this assignment I have to unfold the characteristics of Tom Jones- the protagonist of the novel Tom Jones. No man is without mistakes. But it is also true that totally corrupted person is rare. Here in this novel from a general esteem one can say that Tom is a playboy and has no moral ethic. But if one knows Fielding’s view of virtue then he is sure to uphold Tom’s character
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and "Performance Test" of 3300 mtpd of the world’s largest ammonia plant. I coordinated the Client Company - SAFCO operation personnel and I collaborated with other Uhde engineering departments such as Mechanical‚ Instrumentation‚ Rotary and Electrical ones. As a daily routine I checked the plant parameters‚ collected the data from the field and Control Room‚ lab analysis‚ and took decisions regarding the operations and maneuvers that had to be done in order to achieve the plant design specifications
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Werther Individual Memo Edward Jones Executive Summary This memorandum addresses some of the key issues with Edward Jones‚ which includes the lack of an online presence‚ possible cannibalization from larger firms‚ and the inability to manage funds from institutional investors. I conclude that the most effective of all of the theorized strategies would be a combination of Edward Jones’ original business model with an online platform. This plan would allow Edward Jones to stay true to its fundamentals
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