1. award: 0 out of 0.00 points On January 1‚ Puckett Company paid $2.64 million for 88‚000 shares of Harrison’s voting common stock‚ which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison
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where people in the labour market who are available and willing to work but unable to find a job. In the economy‚ It is important to measure the unemployment as an indicator of whether the economy is running efficiently or not. There are two major methods of measuring unemployment in the UK‚ the Claimant count and the ILO count. The Claimant count‚ which is related to benefits‚ is based on the administrative records of the number of people claiming their benefits at Employment Service offices
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total of profit or loss and other comprehensive income. The profit and losses as well as other comprehensive income generated by an entity will have impact on the assets and/or liabilities of the entity. As the result of the requirements of some accounting standards‚ certain income and expenses will not be included in the statement of comprehensive income‚ but rather are adjusted directly against equity. Manager should choose expenses and incomes that do not belong to a specific equity account.
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Chapter 01 The Equity Method of Accounting for Investments Multiple Choice Questions 1. Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110‚000 for 2011 and paid dividends of $60‚000 on October 1‚ 2011. How much income should Gaw recognize on this investment in 2011? A. $16‚500. B. $9‚000. C. $25‚500. D. $7‚500. E. $50‚000. 2. Yaro Company owns 30% of the common stock
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Chapter 1 the equity method of accounting for investments Chapter Outline I. Three methods are principally used to account for an investment in equity securities. A. Fair-value method: applied by an investor when only a small percentage of a company’s voting stock is held. 1. Income is recognized when dividends are declared. 2. Portfolios are reported at market value. If market values are unavailable‚ investment is reported at cost. B. Consolidation: when
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Ex-MBA 2011-2014 ( Batch - Weekend ) Semester - 2 Subject: Managerial Accounting ------------------------------------------------- Title : Methods / techniques of cost accounting Submitted by : Vishwajeet Gaikwad – 2011G04 Submitted to : Prof. Sameer
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ACCOUNTING: COMPANY REPORT ON SNAGS LTD Prepared for: Management of Snags Ltd Table of Contents Executive Summary 3 Introduction 4 Ratio Analysis 5 Return on Equity Ratio 6 Return on Assets Ratio 6 Asset Turnover Ratio 7 Inventory Turnover Ratio 7 Account Receivables Turnover Ratio 8 Gross Profit Margin 9 Net Profit Margin 9 Current Ratio 10 Gearing Ratio (Debt to Equity Ratio) 11 Profitability 11 Liquidity 11 Efficiency 12 Capital Structure
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E9-7 Brainiac Company purchased a delivery truck for $30‚000 on January 1‚ 2011.The truck has an expected salvage value of $2‚000‚ and is expected to be driven 100‚000 miles over its estimated useful life of 8 years.Actual miles driven were 15‚000 in 2011 and 12‚000 in 2012. Instructions (a) Compute depreciation expense for 2011 and 2012 using (1) the straight-line method‚ (2) the units-of-activity method‚ and (3) the double-declining balance method. (b) Assume that Brainiac uses the straight-line
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Cash vs. Accrual Accounting It’s important for you to understand the basics of the two principal methods of keeping track of a business’s income and expenses: cash method and accrual method (sometimes called cash basis and accrual basis). In a nutshell‚ these methods differ only in the timing of when sales and purchases are credited or debited to your accounts. If you use the cash method‚ income is counted when cash (or a check) is actually received‚ and expenses are counted when actually paid
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Reasons For Companies Going Internationally Castealia D. Cook Southern Wesleyan University International Management MGMT 5363 Dr. Franklin Pruitt January 27‚ 2011 Outline I. Introduction II. Reactive Reasons a. Definition b. Globalization Of Competitors c. Trade Barriers III. Proactive Reasons d. Definition e. Economies Of Scale f. Growth Opportunities g. Resource Access And Cost Savings IV. Conclusion V. Referemces
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