Final Review Sheet 1. A 2-for-1 stock split will: A. Increase the total par value of the stock and increase the number of shares outstanding. B. Decrease the total par value of the stock and increase the number of shares outstanding. C. Not change the total par value of the stock and increase the number of shares outstanding. D. Increase total stockholders’ equity. 2. 73. Which statement is true about a stock split? A. Total shareholders’ equity increases. B. Total shareholders’ equity decreases
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Rent Expense | 6‚200 | Electricity Bill – paid on May 30‚ 2011 | 8‚500 | Land | 15‚000 | Depreciation Expense | 31‚750 | | | Required Prepare a fully classified vertical format Balance Sheet for Nguyen Bich Fitness Club as at June 30‚ 2011 EXERCISE 2. The following are account balances of Brickwork as | | | | at 31 December 2010: | | | | | | | | | | | | | | Account | Amount ($) | | | | | | Plant & machinery | 25‚000 | | | | | |
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Skimming-theft of cash prior to its entry in the accounting system. Sales skimming – skimming that involves the theft of sales receipts‚ as opposed to payments on accounts receivable. Sales skimming schemes leave the victim organization’s books in balance‚ because neither the sales transaction nor the stolen funds are ever recorded. Off book fraud – of fraud that occurs outside the financial system and therefore has no direct audit
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ASSESSMENT COVER SHEET |Unit Number and Title |Unit 2: Managing Financial Resources and Decisions - Level 4 | |Assessment Title |Managing Financial Resources and Decisions | |Course Title |HND Business
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Ch.1 financial intermediation results from economies of scale and the specialization of financial transactions. (banks‚ inv. companies [mutual & pension funds]‚ insurance companies‚ credit unions‚ brokerage firms‚ investment banks). Inv. banks assist firms in raising capital‚ create the market for innovative new securities that meet the risk and return demand (CMOs‚ collateralized mortgage obligations – derivative security that separates the cash flows of a mortgage pool into different classes
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The different between the formats of financial statements (income statement and balance sheet) for different types of business such as sole proprietorship‚ partnership and limited company Each company will have different economic sectors so they use different financial statements with different format that satisfy those sectors. The financial statements collect the financial records form the sales and purchases produce‚ the net taxable profit or loss for each month. Different types of business use
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According to the forecasts‚ New Balance will be seeing growth for the next three years. Currently‚ the facility is too small for the desired production and the company needs to expand. The best location for expansion is Texas. Exponential Smoothing Forecast In exponential smoothing forecast‚ more weight is given to recent data. This type of forecasting is ideal for data with no seasonality. Seasonality‚ or regular changes in the data‚ is not seen for New Balance. The forecast includes a damped
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800 Cash 800 ______ 12. Accounts Receivable 600 Service Fees Earned 600 PROBLEM 3-2C Gary Company follows the practice of recording prepaid expenses and unearned revenues in balance sheet accounts. Gary’s annual
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country’s balance of payments. The capital account indicate net change in ownership of national assets. The capital account is the net result of private and public international investments flowing in and out a country. The capital account comprise FDI (foreign direct investments)‚ financial derivatives‚ portfolio and changes in the reserve account (Santos‚2013). The current account comprises the balance of trade (Export – Import)‚ net current transfers and net income. The current account balances is affected
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at the end of the year. The accountant has resigned and Lerriuqs has hired you to help with the business’s December transactions and preparation of Financial Statements. The following is the company’s unadjusted trial balance as at December 1‚ 2013. AWREE NATCACNOTUS INC TRIAL BALANCE DECEMBER 1‚ 2013 DEBIT CREDIT Bank 437‚000 Petty Cash 10‚000 Short-term Investments
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