Accounting and Business TRUE/FALSE 1. The federal government is an example of an external user of accounting information. ANS: T PTS: 1 DIF: Moderate OBJ: 01-01 2. An example of a general-purpose financial statement is a report about projected price increases related to transportation costs. ANS: F PTS: 1 DIF: Easy OBJ: 01-01 3. The Canadian Public Accountability Board was created to promote public confidence in the integrity of financial reporting. ANS: T PTS: 1 DIF: Easy OBJ: 01-01 4. The main
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37% | 260.09% | 276.03% | Cash | 6‚938 | 9‚610 | 14‚955 | 16‚163 | Short-term securities | 56‚102 | 43‚162 | 15‚721 | 12‚685 | Account receivable | 15‚780 | 14‚987 | 6‚377 | 6‚628 | Quick Ratio | 241.13% | 235.49% | 240.79% | 249.97% | Total Liabilities | 54‚908 | 51‚621 | 34‚240 | 33‚290 | Total stockholder’s equity | 66‚363 | 57‚083 | 43‚688 | 39‚776 | D/E Ratio | 82.74% | 90.43% | 78.37% | 83.69% | After comparing these two corporations’ balance sheets‚ I found some information
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analysis of the Balance Sheet and Income Statement of the BMW Group for the subject Managerial Accounting By: Maira Fontes‚ Nicolas Mueller‚ Jonas Gerhaeusser 2014-11-02 Table of Content List of Tables II List of References II 1. Profile of the BMW Group 1 2. General Automotive Market Overview 1 3. Analysis of Balance Sheet 1 3.1. Assets 1 3.2. Liabilities and Equity 2 4. Analysis of the Income Statement 4 5. Financial Ratio Analysis 5 5.1. Activity Ratios 5 5.2. Operating Cycle (Cash Conversion
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Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
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Off Balance Sheet Financing Practices [Student Name] [Course Title] [Instructor Name] [Date] Off Balance Sheet Financing Practices The traditional accounting methods have been replaced by a number of new accounting techniques. Some of which are observable while other remain hidden. Off Balance Sheet Financing or OBSF is one of these new accounting techniques. It is a mode of obtaining finance for a business without disclosing significant capital expenditures on the balance sheet of a company
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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Date: _____________ 1. The maturity date of a note receivable: A) Is the day of the credit sale. B) Is the day the note was signed. C) Is the day the note is due to be paid. D) Is the date of the first payment. E) Is the last day of the month. 2. The amount of bad debt expense can be estimated by: A) The percent of sales method. B) The percent of accounts receivable method. C) The aging of accounts receivable method. D) Only b and c. E) Bad debt expense can be estimated by any of the three methods listed
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report for the year ended 30 June 2009‚ of the company “JB Hi-Fi Limited” which is one of the largest retailer chain groups for home consumer products such as consumer electronics‚ electrical goods‚ software including music‚ games and movies. The company is operating with 123 stores (106 Branded JB Hi-Fi) spread across Australia and New Zealand‚ who’s head office is in Chadstone VIC 3148‚ Australia. The Auditors The company’s financial report ending 30 June 2009 was audited by Mr. DELOITTE TOUCHE
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Consolidated Accounts Balance Sheet • Home Page» • Business & Economy» • Accounting Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED BALANCE SHEET Definition of a Group Under IAS 27 Consolidated and Separate Financial Statements‚ a group exists where one enterprise (the parent) controls‚ either directly or indirectly‚ another enterprise (the subsidiary). A group consists of a parent and its subsidiaries. Definition of Control Under IFRS 3 Business Combinations‚ control
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and operating performance. The revenue increased steadily from 1994 to 1997. The revenue increase $50 million in 1998 which is equivalent to 43% increase. In 1999 the revenue increased about $44 million. The income was stable prior to 1997 when the company experienced a loss and able to recovered the next year in 1998. In 1999‚ the company reached the highest income because of the huge commission increase in that year. Overall‚ the company is making good progress over the years with steady increment
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