cannot pay a note due that day. It is a $500‚000 note with $50‚000 accrued interest payable to Edsen‚ Inc. Edsen agrees to forgive the accrued interest‚ extend the maturity date to December 31‚ 2008‚ and reduce the interest rate to 4%. The present value of the restructured cash flows is $428‚000. Instructions Prepare entries for the following: (a) The restructure on Poore’s books. (5 points) (b) The payment of interest on December 31‚ 2007. (5 points) (c) The restructure on Edsen’s books
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a. 150‚000 b. 100‚000 c. 550‚000 d. 240‚000 6. Where there is a production cycle of more than one for a biological asset‚ PAS 41 encourages separate disclosure of a. Physical change only b. Price change only c. Total change in value d. Physical change and price change 7. Financial accounting is the area of accounting that emphasizes reporting to a. Management b. Regulatory bodies c. Internal auditors d. Creditors and investors 8. An investor purchased a bond as
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Chapter 16 codification assignment 1. Identify what authoritative literature addresses accounting for stock compensation plans. What are the objectives for the accounting for share based compensation? 718-10-10-1 The objective of accounting for transactions under share-based payment arrangements with employees is to recognize in the financial statements the employee services received in exchange for equity instruments issued or liabilities incurred and the related cost to the entity as
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Long Ridge Gliding Club has members and casual flyers using their facilities. Members use facilities to develop their skills and become expert in flying. The casual flyers are general members of public who want to try out the facilities and see if they can develop further interest to become regular users. Both members and casual flyers have their own set of requirements. The members use club regularly and they are very well acquainted about how everything runs at the club. The casual flyers are new
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human resource practices? Mount Ridge is a utility company specializing in energy production. Four years ago the company’s founder‚ Garret Levinson‚ believed that coal would be both the primary fuel for electricity as well as serve as a standardization of efficiency and cost control in the future. He decided to create his company around this idea‚ and produce energy using coal as a fuel source. Since steam is a byproduct of using coal to create power‚ Mount Ridge sells the electricity produced
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Case Study :: Fair & Lovely Group-2 (MM) PGEXP-2012-14 Fairness and Color in Indian History It was way back in the 1970s‚ when Hindustan Lever Ltd (HLL) launched its first version of FAL. At that time‚ the market was dominated by the cold cream manufacturers‚ such as Ponds and Lakme (HLL was subsequently to acquire these firms). Before this‚ the ’fairness ’ aspect of creams was not directly mentioned‚ though some products did advertise that they
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Suzann Amarillo Vail Ski Resorts Goes High Tech for High Touch 1- List and describe the types of systems described in this case study? Executive support systems: This system helps the Vail Ski resort to determine which lifts should be elevation and upgrading and which is the one that is always used by the customers. The resort can increase their lift speed so that more customers can enjoy the resort. This system also helps managers to create the marketing campaigns so that will make the customers
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a product or service starts with a clear objective and follows the identification of its audience or its market. In the case of Hidden Valley Mountain and Wavepool Resort‚ the resort have already a market but not yet identified and also the communication objectives are not well-established particularly in disseminating information about the resort’s new add-on amenity. The resort should focus more on defining and specifying the communication objectives especially the wavepool amenity which is still
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Case: Sorrell Ridge a. What are Sorrell Ridge’s sources of negotiating power and weaknesses? What about Bromar’s? This case is about the slotting allowance when Allied Old English Company wants to introduce the Sorrell Ridge spreadable fruit product into the California market. Considering the factors including product itself‚ market‚ distribution channels‚ consumers’ needs& demand‚ competitor’s profiles‚ we analyzed the negotiating power and weakness of Sorrel Ridge and Bromar
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Kiawah Island Golf Resort‚ the Official Golf and Tennis Resort located on Kiawah Island a few miles from historic Charleston‚ South Carolina. Kiawah Island is ranked best Island in the United States and ranked #2 best Island in the world by Conde Nast Traveller (Kiawahisland.com‚ 2015). The Island consists of 10‚000 acres of land and is home to 18 species of mammals‚ 30 species of reptiles and 300 species of birds (Kiawahisland.com‚ 2015). Kiawah Island Golf Resort is most known for its incredible
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