operates on a fiscal year‚ which ends September 30. Following is the post-closing trial balance as of September 30: [pic] .:. Additional information: 1. The balance of the materials account represents the following: [pic] .:. The company uses the FIFO method of accounting for all inventories. Material A is used in the stamping department‚ and materials B and C are used in the plating department. 2. The balance of the work in process account represents the following costs that are applicable to
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providing a product or service 3) These are selected account balances on December 31‚ 2008. Land (location of the corporation’s office building) $150‚000 Land (held for future use) 225‚000 Corporate Office Building 900‚000 Inventory 300‚000 Equipment 675‚000 Office Furniture 150‚000 Accumulated Depreciation 450‚000 What is the net amount of property‚ plant‚ and equipment that will appear on the balance sheet? D. $1‚650‚000 4) "Generally accepted" in
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The analysis and application of the balance sheet Kuang xin Financial accounting is one of the most popular major in the world. In the study of accounting‚ people must know and use expertly the three accounting statement‚ balance sheets‚ cash flow‚ and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement‚ the balance sheet or called statement of financial position is the only one
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PROBLEMS 1. Table 3.3 shows the December 31‚ 2009 pro- forma balance sheet and income statements for R& E Supplies‚ Inc. The pro- forma balance sheet shows that R& E Supplies will need external funding from the bank of $ 1.4 million. However‚ they show $ 1.27 million in cash and short- term securities. Why are they going to the bank when they have most of the required amount in their cash account? 2. Pro forma financial statements‚ by definition‚ are predictions of a company’s financial statements
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Discuss how evidence-based practice is applied in your practice setting and describe the desired patient outcome achieved through this approach. I worked for a dialysis clinic where I did acute and chronic hemodialysis. I preformed treatment in the hospital and in the clinic. Almost all acute patients had central lines and some of the chronic patients did as well due to fistulas and grafts occluding or getting infected or etc. Unfortunately evidence shows hemodialysis is the most common factor
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t u d e n t s Ba sic a ccou nting le ss ons an d qu es tio ns fo r high s cho ol a nd c ollege s tude nts By Michael Celender Accounting Basics for Students Copyright © 2010 Michael Celender. All Rights Reserved. No part of this publication may be reproduced or transmitted in any form or by any means‚ including but not limited to digital copying and printing‚ without the express written permission of the author. The author‚ Michael Celender‚ has made his best effort to produce a high quality
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F. and Houston‚ J. F. Fundamentals of Financial Management‚ Concise Third Edition‚ Harcourt Publishers‚ 2001. Devine‚ K. and Seaton‚ L. An examination of quarterly financial ratio stability: implications for financial decision making‚ Journal of Applied Business Research‚ Winter‚ 1995‚ pp Dun & Bradstreet‚ Business Failure Record ‚ New York‚ 1994. Gaskill‚ L.‚ Van Auken‚ H and Manning‚ R. A factor analytic study of the perceived causes of small business failure‚ Journal of Small Business Management
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liabilities of $4‚500‚000. There were no other differences between book and fair values. During 2010‚ Bike reported net income of $500‚000. For 2011‚ Bike reported net income of $800‚000. Dividends of $300‚000 were paid in each of these two years. 49. How much income did Harley report from Bike for 2010? A. $120‚000. B. $200‚000. C. $300‚000. D. $320‚000. E. $500‚000. 26. Under the equity method‚ when the company’s share of cumulative losses equals its investment and the company has no obligation
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Off balance sheet financing is financing from sources other than debt or equity offerings‚ such as joint ventures‚ research and development partnership and operating leases. For complex institutions such as banks‚ they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words‚ off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off‚ but the debt is accounted as another type of transaction
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-Starbucks Corporation and the use of “Off-Balance Sheet” Financing Starbucks Corporation‚ founded in 1985 in Seattle‚ Washington‚ purchases‚ roasts and sells whole bean coffees at retail locations worldwide. Starbuck’s in-store products include brewed coffees‚ espresso beverages‚ blended beverages‚ complimentary food items‚ teas and brewing equipment. At the end of 2009‚ Starbucks operated through 7‚ 803 retail locations in 49 countries (Annual Report 4). In recent years‚ Starbucks’s stock
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