The novel The Adventures of Huckleberry Finn by Mark Twain questions the moral dilemmas that Huck Finn experience throughout his journey of running away‚ manipulating strangers‚ and harboring a fugitive slave. As a troublesome child with a laissez faire attitude‚ Huck Finn often makes decisions that are morally unethical. First he defies the widow’s attempts to civilize him including her efforts to invoke religious practices upon him‚ and then he escapes his father’s drunken grasp to travel throughout
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depreciation Buildings and equipment Furniture and fixtures Natural resource assets subject to depletion Mineral deposits and timber Tangible Physical Substance Definite life Patents Copyrights Franchises Indefinite life Trademarks Goodwill Intangible No Physical Substance 8-4 FIXED ASSET TURNOVER Net Sales (or Operating Revenues) Fixed Asset = Turnover Average Net Fixed Assets This ratio measures the sales dollars generated by each dollar of fixed assets used. During 2011‚ Southwest
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40%) (b) 9‚300 200 ––––––– 9‚500 ––––––– Consolidated statement of financial position as at 30 September 2008 Assets Non-current assets Property‚ plant and equipment (40‚600 + 12‚600 + 2‚000 – 200 depreciation adjustment (w (i))) Goodwill (w (ii)) Current assets (w (iii)) Total assets Equity and liabilities Equity attributable to owners of the parent Equity shares of $1 each ((10‚ 000 + 1‚600) w (ii)) Share premium (w (ii)) Retained earnings (w (iv)) 55‚000 4‚500 –––––––
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FINANCIAL STATEMENT ANALYSIS PROJECT LIZ CLAIRBORNE INC AND JONES APPAREL GROUP TABLE OF CONTENTS I. INTRODUCTION - 1 - II. HORIZONTAL ANALYSIS OF JONES APPAREL GROUP - 2 - III. SIGNIFICANT PERCENTAGE INCREASES - 3 - IV. FINANCIAL RATIO ANALYSIS - 5 - 1. Current Ratio - 5 - 2. Gross Margin Percentage - 6 - 3. Profit Margin Percentage - 6 - 4. Accounts Receivable Turnover and Days to Collect - 7 - 5. Allowance for Doubtful Accounts to Accounts Receivable - 8 - 6. Inventory
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Key differences Key changes PFRS 3 Goodwill PFRS provisions Goodwill required to be reviewed for impairment annually. If impaired‚ a charge to profit and loss for impairment loss is required Negative goodwill will have to be credited to profit and loss. Tax Provisions Impairment of goodwill •Not deductible •Deduction may be claimed upon disposal of related assets acquired Negative goodwill credited to P&L: Not taxable . . Negative goodwill PICPA: Tax Implications of New Accounting
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ANSWER SHEET STUDENT’S SURNAME........................................... OTHER NAMES.......………......................................... STUDENT NUMBER....……….................................. TUTORIAL DAY & TIME........………................... TUTOR’S FULL NAME......................................... Test 1 – Version 2 Session 2‚ 2012 Course Code: ACCG 224 Course Name: INTERMEDIATE FINANCIAL ACCOUNTING Time allowed: 55 minutes plus 5 minutes reading time Total No. of questions:
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practice of Journalism. Journalism works to inform the publics in a neutral manner. 2. How Public Relations differ from Advertising? Public Relations and Advertising are oftenly mistaken to be the same because both industries maintains mutual goodwill with their audiences‚ but actually they really differs! In Advertising it takes a lot of money to spend for an ad space‚ while in PR they get it for free‚ but the not so good thing about it is that they get no control on how would media present their
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Answers for Concept Questions: a) General Mills is a leading producer of packaged consumer foods. According to the financial statements‚ General Mills makes most of the money from sales. They have 3 segments: US Retail‚ International and Bakeries and Food Services. b) 1) The following are the financial statements that are commonly prepared for external reporting purposes: * Balance Sheet * Income Statement * Statement of cash flows * Statement of Stockholder’s
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Question 1 2008 Variable manufacturing cost as a percentage of selling price Product (Variable manufacturing cost/WSP Production) Mark up Lipstick 16.8/21 80% (21/16.8)-1 25% Nail polish 10.5/15 70% (15/10.5)-1 43% Creams 2.8/5.6 50% (5.6/2.8)-1 100% 2010 Product Lipstick 15.3/18 85% (18/15.3)-1 18% Nail polish 9.3/11.6 80% (11.6/9.3)-1 25% Creams 3.3/6.6 50% (6.6/3.3)+1 100% *Note that these calculations are done for goods produced in the year in question
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reproduction or distribution without the prior written consent of McGraw-Hill Education. 3. On January 1‚ 2013‚ Pacer Company paid $1‚920‚000 for 60‚000 shares of Lennon Co.’s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2013 and reported net income of $670‚000. What was the balance in the Investment in Lennon
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