CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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Note Book Chapter 1 Getting Started 1.1 DEFINITION AND QUESTIONS 1. Scarcity is the condition that arises because wants exceeds the ability of resources to satisfy them. 2. Scarcity is the condition that arises because wants exceed the ability of resources to satisfy them. Scarcity is not eliminated when people become rich‚ movie goers are able to see the next The Social Networ installment‚ or people gain employment because of the movie’s release. In all cases‚ people will have wants that
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as part of their pre-service education. Use Appendix A to help you create a Professional Development Plan‚ which is a component that can be added to your professional portfolio. In a 2‚100- to 2‚500-word paper composed in Microsoft© Word‚ include answers to the following questions: * What are your goals in the next five years? In the next 10 or more years? * What steps are necessary to get you to your goals? What obstacles can you foresee and how will you overcome them?
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performance in a business environment and how to do so 1. Explain the purpose of continuously improving your performance in a business environment. 2. Describe at least two ways of improving your performance at work. Where relevant‚ illustrate your answer with specific examples from your own experience. 3. Briefly describe at least two different types of career pathways that may be available to you. Section 7 – Understand the types of problems that may occur in a business environment and how to
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What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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language. Use visual cues‚ pointing to things to show what you mean. Approach the individual from the front. An unexpected touch or drawing near from behind may startle and upset the person. Ask only one question at a time and allow time for an answer. If he does not seem to understand‚ repeat the question using the same wording. If this does not work‚ after a few minutes‚ rephrase it. Eliminate distractions‚ such as the TV or radio‚ when talking to the person with dementia. Use humour whenever
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APA QUIZ 1. The Reference section should start on a separate page under the centered heading References‚ which does not use bold font. The reference entries should appear in alphabetical order by authors’ surname (or by title if works do not list an author) regardless of the type of source (e.g.‚ book‚ film‚ journal article‚ website). A. True According to the APA Quick Reference Guide made by The University of North Carolina School of Social work‚ the heading styles applied to
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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1. The Bureau of Labor Statistics announced that in April 2010‚ of all adult Americans‚ 139‚455‚000 were employed‚ 15‚260‚000 were unemployed‚ and 82‚614‚000 were not in the labor force. Use this information to calculate: a. the adult population = employed+unemployed+not in the labor force=237329000 b. the labor force = employed+unemployed=154715000 c. the labor-force participation rate = (labor force/adult population) x 100= 65.2% d. the unemployment rate = (unemployed/labor force) x 100=
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CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems 5‚ 6‚ 7‚ 11 1A‚ 2A‚ 4A 1B‚ 2B‚ 4B 3 6‚ 7‚ 8‚ 10‚ 11 1A‚ 2A‚ 4A‚ 5A 1B‚ 2B‚ 4B‚ 5B 4 8‚ 9‚ 12‚ 13‚ 2A‚ 3A‚ 14‚ 15‚ 16‚ 17 4A‚ 5A 2B‚ 3B‚ 4B‚ 5B Learning Objectives Questions Do It! Exercises 1. Explain what accounting is. 1‚ 2‚ 5 1 1 2. Identify the users and uses of accounting. 3‚ 4 1 2 3. Understand why ethics is a fundamental business concept. 4. Explain accounting standards
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