The Baron Coburg Case Once upon a time many‚ many years ago‚ there lived a feudal landlord in a small province of Westerns Europe. The landlord‚ Baron Coburg‚ live in a castle high on a hill. He was responsible for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his peasants during the coming year. One spring‚ the Baron was thinking about the wheat crop of the coming growing
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1. Whose financial statements should we prepare (e.g.‚ the baron‚ vassals‚ farms‚ etc..?) Solution: The financial statements will be prepared for “Vassals” i.e. for Ivan and Frederick and additionally for “Baron”. 2. What financial statements should we prepare? Solution: The financial statements which should be prepared are as following: Income Statement Statement of Retained Earnings Statement of Cash Flows Balance Sheet 3. What period do these statements cover and
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1. Whose financial statements should we prepare (e.g.‚ the baron‚ vassals‚ farms‚ etc..?) In this case I believe the financial statements should be prepared for each Farm (Piece of Land). My reasoning for this is that each section of land is the entity that is generating the ‘product’. The Vassal is acting as the resource that is managing it. In a current context‚ one would produce financial statements for a company (the Farm in our case) and not the individual resource or resources in control of
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terms of percent change per acre for comparability Ivan has an increase of 15.9% per acre. His balance sheet also shows his assets and liabilities to be 259 bushels and total 12.95 stated as bushels per acre. On top of this‚ Ivan still owes Feyador 3 bushels for his plow. Frederick: At the end of the year Frederick’s net income totaled 119 bushels--significantly less than Ivan’s net income because of the land allotment differences. Frederick produced a net income of 11.9 bushels per acre‚ a favorable
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Condo Name: Baron 3 Gardens THE GOOD: Baron 3 Gardens offers spacious units ranging from one bedroom to two bedroom types and upper and lower penthouses which come with a balcony and a utility room. It is a low density condominium with six units per floor. At the roofdeck are the amenities which can be enjoyed together with a panoramic view at the function room and viewing deck floored with artificial grass‚ high-walled swimming pool‚ gym‚ yoga room‚ and smoking area. It also holds a spacious receiving
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Baron Coburg (from Anthony‚ Reece‚ and Hertenstein‚ 1995‚ “Accounting: Text and Cases”‚ p. 21) Once upon a time many‚ many years ago‚ there lived a feudal landlord in a small province of Western Europe. The landlord‚ Baron Coburg‚ lived in a castle high on a hill. He was responsible for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his peasants during the coming year.
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The Red-Bearded Baron Once upon a time many‚ many years ago‚ a feudal landlord lived in a small province of Central Europe. The landlord‚ called the Red Bearded Baron‚ lived in a castle high on a hill. This benevolent fellow took responsibility for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his serf dependents during the coming year. One spring‚ the Baron was thinking about
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The Baron and His Baroness Before he left for a visit to his outlying districts‚ the jealous Baron warned his pretty wife‚ “Don’t leave the castle while I am gone‚ or I will punish you severely when I return!” But as the hours passed‚ the young Baroness grew lonely‚ and despite her husband’s warning decided to visit her lover who lived in the countryside nearby. The castle was located on an island in a wide‚ fast-flowing river‚ with a drawbridge linking the island to land at the narrowest point
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Savannah Noss Period 1 3/2/13 APUSH Robber Barons‚ a term used in the late 1800’s and early 1900’s to describe a businessman who made an enormous amount of money‚ today we would call them billionaires. It was not really the fact they made a myriad of wealth‚ it was more the way they made it. In all the cases the acquiring of wealth was done in what was considered a ruthless manor and unscrupulous ways. A robber baron was more interested in acquiring wealth than the safety of his employees
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Critique Paper: Case 3-1 Maynard Company October 8‚ 2013 Case Overview: Maynard had been surprised that the cash she had increased by $31‚677 yet her net income was only $19‚635. She asked a friend to help her find out what the reason was‚ so consequently she referred to the income statement and said that she could prepare one for Diane. Her friend also came up with the cost of sales figure which was $39‚345 for the month of June. Problem of the Case: Q1: Income Statement Revenue(Cash Sales
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