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    Chapter 4 solutions

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    Question 11. In early 2003 Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers’ warehouses from 1999 through 2001. The company’s sales and cost of sales during this period was as follows: 2001 2000 1999 Net sales $18‚139 $17‚695 $16‚502 Cost of products sold 5‚454 4‚729 4‚458 The company’s marginal tax rate during the three years was

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    Stanco Inc. • Review chapters 11 and 12 & the practice final – Practice Q1 and Q2 • Review chapters 8 and 9 and the practice final – Practice Q3 and Q4 ACTG 2020 Week 11 1 • Online Course Evaluations (ONCE)/ & Seymour Schulich Teaching Excellence Awards (Schulich TEA) – TEA: http://schulich.yorku.ca/tea. – ONCE: http://courseevaluations.yorku.ca • • • • ACTG 2020 2020 class: Sylvia Hsu 2020 R (2:30pm): Lab‚ Marisa Morriello 2020 V (8:30am): Lab‚ Marisa Morriello 2020 W (11:30am): Lab‚ Iva Charlopova

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    Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Roy Kondoy Shella Faye Sportway Corporation • Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores • Products: 60% purchased‚ 40% manufactured • The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes • Sportway is able to manufacture and sell 8‚000 tackle boxes annually‚ making full use of its direct-labor

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    customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings growth in the future which determines the company’s market value. Notice also that the company’s choice of conservative accounting policies has the effect of depressing the company’s book value of equity. 2. What effect did Microsoft’s software capitalization policy have on its financial statements? Ignore any potential tax effects. a. Assume that 60% of Microsoft’s

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    CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. 4. 5. Subject matter of accounting. Environment of accounting. Role of principles‚ objectives‚ standards‚ and accounting theory. Historical development of GAAP. Authoritative pronouncements and rulemaking bodies. Role of pressure groups. Ethical issues. Questions 1 2‚ 3‚ 29 4‚ 5‚ 6‚ 7 8‚ 9‚ 10‚ 11 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 18‚ 19‚ 20‚ 21‚ 22‚ 23 23‚ 24‚ 25‚ 26‚ 27‚ 28 30 Cases 4 6‚ 7 1‚ 2‚ 3‚ 5 8

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    CHAPTER 1 MANAGERIAL ACCOUNTING‚ TYPES AND ETHICS. 1) Managerial Accounting: Firms internal accounting system and designed to support the information needs of managers in order to make decisions. Not bound by GAAP. a) Managerial accounting has 3 objectives: i) To provide information for planning organization actions ii) To provide information for controlling organization actions. iii) To provide information for making effective decisions. b) Reports that help mangers that are nonfinancial are:

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    BRIEF EXERCISES Brief Exercise 4–1 PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31‚ 2013 ($ in millions) Revenues and gains: Sales .................................................................. Gain on sale of investments ............................. Total revenues and gains .............................. $2‚106 45 2‚151 Expenses and losses: Cost of goods sold ............................................ Selling..............................................

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    Chapter 5 Case Solutions

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    CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE Number Topic Type/Task Status (re: 13/e) Questions: 5-1 Distinguishing general capital assets from fund capital assets Describe New 5-2 Capital asset disclosures Explain New 5-3 Modified approach for infrastructure Describe New 5-4 Capital lease accounting Describe 5-8 revised 5-5 Asset impairment Explain New 5-6 Use of capital projects funds Explain 5-4 revised 5-7 Encumbrances Explain Same 5-8 Construction

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    SOLUTIONS MANUAL for INTRODUCTION TO CRYPTOGRAPHY with Coding Theory‚ 2nd edition Wade Trappe Wireless Information Network Laboratory and the Electrical and Computer Engineering Department Rutgers University Lawrence C. Washington Department of Mathematics University of Maryland August 26‚ 2005 Contents Exercises Chapter 2 - Exercises Chapter 3 - Exercises Chapter 4 - Exercises Chapter 5 - Exercises Chapter 6 - Exercises Chapter 7 - Exercises Chapter 8 - Exercises Chapter 9 - Exercises

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    FLORIDA STATE COLLEGE AT JACKSONVILLE Syllabus July 1‚ 2013 ACG2071 – Managerial Accounting 3 CREDIT HOURS |Term/Year: |Summer 2013 | |Reference Number: |386887 | |Instructor: |Ann Meuse | |Classroom: |ATC Room TO208 | | |6:00

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