account payable in cash. What would be the effects of this transaction on the accounting equation? a. Assets‚ $45‚000 increase; Liabilities‚ no effect; Equity‚ $45‚000 increase. b. Assets‚ $45‚000 decrease; Liabilities‚ $45‚000 decrease; Equity‚ no effect. c. Assets‚ $45‚000 increase; Liabilities‚ $45‚000 decrease; Equity‚ no effect. d. Assets‚ no effect; Liabilities‚ $45‚000 decrease; Equity‚ $45‚000 increase. 4. A company purchased a new machine for $15‚000 by trading in an old machine which
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Winex Company Business Plan Dolores‚ City of San Fernando Pampanga Post Code: 2021 Tel No.: (044)-463-6677 Fax: (02) 897-8425 Mobile: 0916-191-0592 Email: winexco@yahoo.com Website: www.winex.net.ph CONTENTS Page 1. Summary 3 2. Business Overview 4 Introduction 4 Current Position 4 Competitive Advantage 6 Growth Plan 6 3. Business Strategy 7 Tactics
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Warburg Pinus and emgs: The IPO Decision | Executve Summary With wide geographic and sectorial reach‚ Warburg Pincus had a flat structure and decentralized deal approval process. In the first part of our report‚ we commented on the merits of these features and how they helped the group make investments. Warburg Pincus acquired emgs in 2004 and was considering its IPO. Throughout time‚ Warburg Pinus had added real value to emgs via operational‚ financial and strategic improvements. We believed
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side of an account called? 2. What is the left side of an account called? 3. An organizational scheme used to classify accounts as assets‚ liabilities‚ or owners’ equity is known as what? 4. What journal is used to record both the account(s) to be debited and the account(s) to be credited? 5. A collection of specific asset‚ liability and owners’ equity accounts in known as what? 6. What type of entry is made to adjust the accounts for internal events prior to preparing financial
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and statutory reporting requirements require the classification of assets and liabilities to reflect the time required to convert assets into cash and the order of payment of liabilities in the ordinary course of business. This case demonstrates that the basis of this classification is not as simple as it might appear at first glance. • Balance sheet classification • Current liabilities • Deferred liabilities The 1993 Annual Report of Coca-Cola Amatil Ltd (CCA) described the company as
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BUSINESS PLAN For JAVA Looks www.javalooks.com Customize and Handmade Jewelry submitted by -Vina Prisita M NPM 1.427.R004 -Irwan Armanto 1.430.R.012 -Dwiki Ramadhan -Guruminda MM UNIVERSITAS WIDYATAMA 2013 1. Executive Summary JAVA Looks is an e-commerce company designed to become the market leader in Web based sales of handmade and customize jewelry in Indonesia and further in world. The company is located in Bandung‚ West Java‚ Indonesia. Although many Internet companies
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values of Colonial’s assets and liabilities‚ which Buff is interested in acquiring. Against these assets are claims of suppliers and bank loan used to finance a portion of the inventory. Buff hired a valuation consultant for Colonial’s tangible assets and liabilities.
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3‚870 Acc / Pay 5‚000 A/R 10‚000 (Raw Mat 11‚800 + Finished Goods1‚500) Inv 13‚300 Total Current Assets $ 27‚170 Total Current Liabilities $ 5‚000 (Depreciation $90) PPE (Net) $ 5910 C/S $ 30‚000 Prepaid Rent $ 2000 R/E $ 80 Total Non-Current Assets $ 7‚910 SHE $
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Bookkeeping & Accounting Compared 5. Uses of Accounting Data 6. Reasons for Using Accounting Data 7. Ethics in Accounting 8. Generally Accepted Accounting Principles 9. IFRS & GAAP Compared 10. Accounting Equation 11. Assets 12. Liabilities 13. Owners Equity 1. Brief History of Accounting:- Accounting is the language of Business. The father of Accounting LUKAS PACIOLI. Who is a citizen of Italy. First book: Summa-de-ArithmeticaGeometrica Pro..(1494) Financial accounting
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1.0 Introduction Nowadays‚ high inflation is an inevitable problem in many countries. High inflation occurred owing to the demand level of goods and services are over the supply level of goods and services. It is lead to price changes taking place. Since year of 1980‚ several different accounting approaches were introduced to overcome these problems that reflected by inflation. However‚ the historical cost accounting still widely and continuously to be used by most companies in their accounting
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