Chapter 8 Segment and Interim Reporting Chapter Outline I. FASB Accounting Standards Codification Topic 280‚ Segment Reporting (FASB ASC 280)‚ provides current guidance on segment reporting. A. ASC 280 follows a management approach in which segments are based on the way that management disaggregates the enterprise for making operating decisions; these are referred to as operating segments. B. Operating segments are components of an enterprise which meet three criteria. 1. Engage in business
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Chapter 7 Stock Valuation Solution to Problems P7-1. LG 2: Authorized and Available Shares Basic (a) Maximum shares available for sale Authorized shares 2‚000‚000 Less: Shares outstanding 1‚400‚000 Available shares 600‚000 (b) $48‚000‚000Total shares needed 800‚000 shares$60== The firm requires an additional 200‚000 authorized shares to raise the necessary funds at $60 per share. (c) Aspin must amend its corporate charter to authorize the issuance of additional shares. P7-2. LG 2: Preferred Dividends
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Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
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In chapter four of Meeting Christ in the Sacraments‚ Coleman O’Neill‚ OP presents three points that help his reader to understand the Body of Christ as a mystery: the humanity of Christ‚ the Church‚ and the Holy Spirit. This paper will examine each of these three facets and then conclude with a brief summary. In God’s plan to save His people‚ Yahweh sends Jesus‚ who is the Word made flesh‚ into the world to communicate with humanity through his human words and actions. (cf. O’Neill pg. 78) The words
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artificial flower manufacturing company situated in Monaragala with 350 total workforces. It provides artificial flowers for local and international markets. This has five functional departments namely Purchasing‚ Sales and Marketing‚ Production‚ Accounting and HR. They got a decision to increase production in 14% by last year onwards and an incentive program also implemented. When the carder produces more than the original target‚ company granted 10%-15% additional incentive. After 6 months company
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Chapter 2: Aid for investment -What is the financing gap? Gap between required investment and domestic saving -Explain the Harold-Domar approach and its failings? GDP growth will be proportional to the share of investment spending in GDP. Its failings are that this model applied more to the short-run business cycle in rich countries. Also‚ he was writing in the aftermath of the Great Depression‚ thus taking high unemployment as given. -True or False. There is no relationship between aid and
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following strategies applies to a business that offers products and services faster and cheapter than the competition? A. run 2. Which of the following data mining tools helps you apply various mathematical models information to discover new information? A. statistical tools 3. The average price of a movie ticket in the city of New York is $8. This is an example of? A. information 4. AskSocrates Is a web-site that provides definitions and descriptions of many concepts. AskSocrates is not peer-reviewed
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Case Project 2-1 * Receive the equipment from the Seattle Police Department with the chain of custody form * Enter my company information on form and secure the evidence * Request statements from officers on the condition of the computer on time of raid * Request a list of keywords to search * Transport Gateway computer to our secured forensics lab * Prepare a forensics workstation specifically for this case * Make two images of hard drive using two different tools
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Executive Summary - The very first sentence of the very first paragraph of the paper and this section should give the answer to the question‚ don ’t make your reader hunt for it. Explain why this answer is meaningful or useful. 2. Definition - This section defines the managerial question to be analyzed. It also identifies the possible opportunities and alternatives being evaluated. 3. Factors or Costs - This section describes and identifies factors or costs that will influence the analysis of the
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FIN 534 – Homework Chapter 2 Directions: Answer the following five questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your assignment using the assignment link in the course shell. Each question is worth five points apiece for a total of 25 points for this homework assignment. 1. Which of the following statements is CORRECT? c. If a firm is more profitable than average (e.g.‚ Google)‚ we would normally expect
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