correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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$3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value | Carrying value | Inventory | $250‚000 | $350‚000 | The statements of financial position of Haika Inc. and Selina Co. on December 31‚ 20X6‚ were as follows: Statements of Financial Position at December
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The theme of ‘Fair is foul‚ foul is fair’ permeates throughout the play ’Macbeth.’ Explain what it means‚ providing examples from the play to support your answer: One of the most important themes in the play Macbeth by William Shakespeare comes from one of the last lines in Act 1‚ Scene 1 of the play. The three witches speak this simple line ‘Fair is foul‚ and foul is fair‚’ shortly before they disperse and it becomes a prophecy and an underlying warning for the rest of the play. The connotations
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percent of Euro zone economy‚ it is surprising to find out that the financial crisis in a tiny country called “Cyprus” has enormous global implications (Long 2013). It cannot be also denied that the “Subprime Mortgage Crisis” of the US in 2008 has its downbeat domino effect to the world including European Union and Cyprus. In this report‚ not only the most critical reasons but also the aftermath of Cyprus financial crisis and possible alternatives which could have been done to ease such economic downturn
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Abstract I wanted to find out: If you could smell instead of tasting actual food. I read about: People smelling food and they could actually taste it. I (did): I had people smell food and they could actually taste the food like they were eating it. I found out: You can smell instead of tasting the actual food. Next time I will: Try to find if you can taste instead of smelling switch it around try new things. Title Topic: Investigate the influence of smell on taste. What is your control
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Carbon Monoxide Carbon Monoxide (CO) Carbon monoxide is a colorless‚ odorless‚ tasteless and toxic gas produced as a by-product of combustion. Any fuel burning appliance‚ vehicle‚ tool or other device has the potential to produce dangerous levels of carbon monoxide gas. Examples of carbon monoxide producing devices commonly in use around the home include: • Fuel fired furnaces (non-electric) • Gas water heaters • Fireplaces and woodstoves • Gas stoves • Gas dryers • Charcoal grills
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Yesenia Telleria Period 7 01/06/2014 The Children’s Bureau The term "labor" evokes many topics: workforce‚ wages‚ health plans‚ benefits‚ jobs‚ work hours‚ youth‚ etc. My main focus of this project is the youth. The Children’s Bureau was transferred into the Department of Labor in 1913. The Children’s Bureau began life in a time when child labor was typical and usual. One of its initial missions was to work to relieve the agony and hardships of children caused by shameless child labor. I chose
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you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received. An obligation and certainly of payment differ‚ as payment for a variety of reasons is not
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imeContent Page Sub prime crisis http://banking.about.com/od/mortgages/a/mortgagecrisis.htm http://www.lewrockwell.com/rozeff/rozeff203.html http://www.slideshare.net/satanic/subprime-crisis-presentation-785636 http://en.wikipedia.org/wiki/Causes_of_the_2007%E2%80%932012_global_financial_crisis http://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp http://ezinearticles.com/?Merrill-Lynch-and-the-Subprime-Mortgage-Market&id=1600761 http://www.youtube.com/watch
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The recent financial crisis has provided evidence that financial markets are not efficient. Critically‚ evaluate this statement and its implications for investment management practice. In reality a financial market can’t be considered to be extremely efficient‚ or completely inefficient. The financial markets are a mixture of both‚ sometimes the market will provide fair returns on the investment for everyone‚ while at other times certain investors will generate above average returns on their investment
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