Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $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
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a –
Premium Management
(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
Premium International Financial Reporting Standards International Accounting Standards Board Financial statements
costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
Premium Balance sheet Inventory Manufacturing
have a lot of charisma and confidence. ENTJs believe that they can get happiness out of achievements and they love challenges. ENTJs don’t show much emotion. ENTJs can be ruthless and make up only three present of the population. ENTJ STRENGTHS AND WEAKNESSES ENTJs have much strength that can be extremely helpful in the workplace‚ but ENTJs strong personality can also be a weakness. Strengths • Efficient • Energetic • Confident • Strong-Willed • Strategic Thinkers • Charismatic • Inspiring Weakness
Premium Personality psychology Myers-Briggs Type Indicator Psychology
CONCEPTS‚ THEORIES‚ & INQUIRY — Harrison Rusinyak — Scientific Concepts or Phenomenon — Solar System — The Solar System in past concepts. — Earth was thought to be the center of the Universe. — The stars and planets revolved around the Earth. — The Earth was thought of as flat. — No one experimented to see how far they can see. — The Solar System current concepts. — The planets revolve around the sun. — Earth is a 4-dimentional
Premium Planet Solar System Comet
The curriculum that I have chosen is the K-12 Physical Education curriculum of a school in the United States. The strengths and weaknesses of the curriculum were assessed and are explained below. Besides this‚ recommendations are also provided for improving the physical education curriculum of the school. Strengths and weaknesses of the school physical education program The school-community environment was examined and the quality of the environment was considered to be moderately strong. The
Premium Education Physical education Educational stages
As mentioned before‚ Reagan was highly recognized for his communication skills and his professionalism. However‚ there were times in which his behavior showed his frustration and lack of sleep. Although‚ these were very few and far between‚ he was recorded telling someone to shut up during one of his speeches at the White House on October 6th‚ 1982. Reagan was very frustrated by someone in the crowd that accused him of abandoning conservative principles. In this situation‚ the president used rhetoric
Premium Ronald Reagan President of the United States George H. W. Bush
The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
Premium Generally Accepted Accounting Principles
References: Warren‚ C.‚ Reeve‚ J.‚ and Duchac‚ J (2007). Accounting. 23rd ed South-Western‚ cengage learning in thousands except share data | January 3‚ 2009 | December 29‚ in thousands except share data | December 29‚ 2007 | December30‚
Premium Balance sheet Generally Accepted Accounting Principles