Financial Accounting 1. Obligation of business that represents the claims of these against the assets of the less cash is called? A. Asset B. An expense (WA) C. Revenue D. An equity E. Liability 2. Net income results when A. Assets > liability B. Revenue = expenses C. Revenue > expenses D. Revenue < expenses E. None 3. Resources owned by a business are referred to as A. Stockholders equity B. Liability C. Assets D. Revenue (WA) E. None 4. Expenses are incurred
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(b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. 2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible for its limitations .If any (b) Why do you understand by the term ‘pay-out ratio’? What factors are taken into consideration while determining pay-out ratio? Should a company follow a fixed
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CHANGES IN BALANCE SHEET ACCOUNTS The total assets of a firm and the claims on assets change over time because of investing and financing activities. For example‚ a firm may issue common stock for cash; acquire a building by mortgaging a portion of the purchase price‚ or issue common stock in exchange for convertible bonds. These investing and financing activities affect the amount and structure of a firm’s assets‚ liabilities‚ and shareholders’ equity. The total assets of a firm and the claims
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135320-59000= 76320 5. Dee Dee’s Marina is obligated to pay its creditors $6‚400 today. The firm’s assets have a current market value of $5‚900. What is the current market value of the shareholders’ equity? Equity=5900-6400= -500 6. Which one of the following will produce the highest present value interest factor? A. 6 percent interest for five years B. 6 percent interest for eight years C. 6 percent interest for ten years D. 8 percent interest for five years E. 8 percent interest for ten years PV=FV/
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1)Gujarat Infotech Ltd‚ Ahmedabad A-2‚ 2nd Floor‚ Jay Tower‚ Ankur Complex‚ Navrangpura‚ Ahmedabad-380013. Ph -079-27485109‚27452276‚27457650‚Fax. 27414250 E Mail- gujaratinfotech@rediffmail.com http://www.gujaratinfotech.com 2)CMC Limited‚ Ahmedabad 304-305‚ Heritage Plaza‚ Opp. Gurukul Tower‚ Memnagar‚ Ahmedabad-380052 Ph -079-40055221 E Mail- cmcatc.ahm@gmail.com 3)Torent Pharmaceuticals Limited‚ Ahmedabad Torent House‚ Off Ashram Road‚ Ahmedabad-380009. Ph -079-26585090
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・・・・32 Issuance of the Series of Discussion Papers “Conceptual Framework of Financial Accounting” Background Information on the Issuance of the Series of Discussion Papers “Conceptual Framework of Financial Accounting” Based on remarks received from various constituencies regarding the necessity for developing a written conceptual framework as a basis for developing accounting standards in Japan‚ the Accounting Standards Board of Japan (hereinafter called “the Board”) organized a Working Group
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Off balance sheet financing is financing from sources other than debt or equity offerings‚ such as joint ventures‚ research and development partnership and operating leases. For complex institutions such as banks‚ they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words‚ off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off‚ but the debt is accounted as another type of transaction
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Groove Spice Company is a company that sells a selection of food‚ spices‚ teas and coffees. Due to ever increasing awareness regarding diet and flavor in public‚ the company has experienced tremendous growth and is in constant need of funds. Debra Peterson‚ the CEO of the company‚ is evaluating different options to raise the funds required to invest in accounts receivable‚ inventory and fixed assets. Need for funds became more critical when the chief supplier of funds to the company‚ the Bank‚ asked
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Analysis of the Financial Statements of Adidas AG -‐ For the Year Ended Dec 31‚ 2012 -‐ Course Group Handed in: 2013/12/19 Financial Accounting I Professor Rose aaa bbb ccc ddd
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cash (although cash itself is also considered an asset).The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses‚ including current assets and fixed assets. Current assets include inventory‚ while fixed assets include such items as buildings and equipment. B. In financial accounting‚ a liability
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