Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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[APC309 STRATEGIC MANAGEMENT ACCOUNTING Individual Assignment : Task a and Task b ] Table of Contents Part a 1.0 Introduction to performance management …………………………………………………………………………….2 2.0 EVA and ROI ……………………………………………………………………………………………………………………………2 3.0 Mangers orientation due to using EVA and ROI……………………………………………………………………….3 4.0 Overcoming the short term nature of EVA and ROI………………………………………………………………….4 5.0 Appendix…………………………………………………………………………………………………………………………………8 Part b 1.0 Introduction
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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Faculty of Financial & Administrative Sciences O PERATIONS M ANAGEMENT B y: Dr. Ola E lgeuoshy S pring 2013 C hapter (3) F orecasting F ORECASTING “ a Statement about the future value of a variable of i nterest .” U ses of Forecasting: Accounting Cost/profit estimates Finance Cash flow and funding Human Resources Hiring/recruiting/training Marketing Pricing‚ promotion‚ strategy MIS IT/IS systems‚ services Operations Schedules‚ MRP‚ workloads Product/service
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Jessica Betz Iconnect Phil Maurizi Final The Five Steps to Happiness What is one thing that every person tries to figure out over the course of their lives? Happiness‚ and how to get it. In my opinion‚ there are five main steps to take in order to obtain this so deeply desired want. But first‚ one must understand that happiness is not constant‚ it slips away‚ but it is always capable of being found again. There are no rules or regulations to it‚ it can be as complex or as simple as you make it
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"A Stitch in Times Saves Nine" is a well known proverb. It is frequently used in conversation. It passes on from one hand to another like a current coin. It means that evil should be nipped in the bud‚ and thus much future trouble would be avoided. A cloth which is torn must be stitched at once for otherwise the torn portion would increase in size and many more stitches would be required. Similarly‚ in every walk of life things must be set right in the very beginning in order to avoid much future
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A Stitch In Time Saves Nine: There is no doubt that a stitch in time saves nine. It means that man must do something at the very early stage. This proverb in its literal sense applies to holes in our clothes which may be easily mended at first‚ but‚ if they are left unmanned‚ grow bigger and bigger‚ until they cannot be repaired without a great deal of sewing. What is true of torn clothes is true of boots‚ boxes‚ houses‚ ships‚ walls‚ bridges‚ in a word‚ of everything that needs mending‚ I may quote
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