CHAPTER 16 GENERAL LEDGER AND REPORTING SYSTEM SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 16.1 Although XBRL facilitates the electronic exchange of financial information‚ some external users do not think it goes far enough. They would like access to the entire general ledger‚ not just to XBRL-tagged financial reports that summarize general ledger accounts. Should companies provide external users with such access? Why or why not? No‚ companies should not provide access to their general ledger
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I’ve been doing a lot of thinking lately and decided to compile all my realizations into a list to remind myself of these things every day. They’re pretty much the mantras I use to help me cope with daily life. Just thought they might help someone else out too 1- IMPENDING DEATH: Think about the imminence of death. Nothing really matters. Time is the most precious commodity. Focus on the most important things. 2-PERSPECTIVE: Think about how lucky you are to be in this instance of the universe
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CONFIDENTIAL LW/JUN 2012/LAW653/IBM653/531 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME INTERNATIONAL LEGAL FRAMEWORK LAW653/IBM653/531 JUNE 2012 3 HOURS INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of SEVEN (7) questions. Answer only FOUR (4) questions in the Answer Booklet. Start each answer on a new page. Candidates are allowed to bring in the following (unannotated): i) 4. Uniform Custom and Practice 600 Candidates are not
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time that China’s $586 billion stimulus package came into affect. “This stimulus package was to be used toward building highways‚ railroads‚ and airports. Infrastructure spending had been increasing at an annual rate of 20 percent for the previous 30 years‚ a major factor behind China’s explosive economic growth. Domestic investment spending had contributed 4-6 percentage points of China’s 10 percent average annual growth rate. Thirty thousand miles of expressways were built since the late 1990s‚ while
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Some say he was absent-minded or even oblivious‚ but I rather like to think of it as frequent states of profound thought. The man I refer to is Adam Smith and after having read the assigned excerpts and a few other passages from his The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations I not only hold him in a new light‚ but I have arrived at three heavily debated conclusions. First‚ he believed that self-interest is the singular motivation that effectively
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A hard boot takes more time than a soft boot. True The Advanced Boot Options menu appears when a user presses F8 as Windows is loading. False There is no option for networking access when using Safe Mode False A Windows 7 system repair disc can be created using the Backup and Restore utility. True As you work to solve a Windows problem‚ always choose the method that makes the most changes to the system as possible in order to rejuvenate the machine. False The Telnet protocol encrypts transmitted
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reach out to a larger demographic to males and females interested in general health and fitness. The current demographic for those purchasing Red Bull products is 18-25 year old male and females interested in extreme sports‚ an extreme lifestyle‚ and an extreme energy boost. Our team feels that there is a need to market to 18-45 year old male and females interested in more mainstream health and fitness. For example‚ those who are members at gyms and fitness facilities‚ eat healthy‚ and live an active
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Vertical integration Mattress Wholesalers‚ Inc. is constantly trying to reduce inventory in its supply chain. Last year‚ cost of goods sold was $7.53 million and inventory was $1.52 million. This year‚ costs of goods sold is $8.64 million and inventory investment is $1.63 million. a) What was its weeks of supply last year? 10.50 weeks b) What is its weeks of supply this year? 9.81 weeks c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that
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Question: Timpanogos Inc. is an accrual-method calendar-year corporation. For 2012‚ it reported financial statement income after taxes of $1‚149‚000. Timpanogos provided the following information relating to its 2012 activities: Life insurance proceeds as a result of CEO’s death $200‚000 Revenue from sales (for book and tax purposes) 2‚000‚000 Premiums paid on the key-person life insurance policies. The policies have no cash surrender value. 21‚000 Charitable contributions 180‚000 Overhead costs
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to a Community college instead of a Four year University. Most people have financial problems‚ did not get the best grades or simply do not want to waste money chasing after a career they are not sure about. This is why Community College exists‚ so you can experiment‚ and get new chances to explore school without having to pay a whole lot of money. First‚ more students should go to community college instead of four year universities for their first 2 years of college‚ since community colleges are
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