Instructions: Go to the CanGo intranet found in the Report Guide tab under Course Home Use the financial statements from the most recent year to fill in the table below. You may find some formulae calling for an average‚ e.g.‚ average inventory‚ average receivables. Because we only have the Balance sheet for one year‚ you can only use the one year number not an average. Assume interest expense is $0.00 Be sure to cite your references Green boxes
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Week 5 Problem Solution Set Accounting/547 October 5th‚ 2012 Chapter 15‚ #83 a) Significant tax issues or concerns that may differ across entity types are: * The business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b)
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financial accounting practice. This course introduces modern financial accounting theories and integrates accounting practices with theory. The course will provide insights to those who make accounting decisions and those who need to understand the accounting decisions of others (auditor or financial analyst). The tools and techniques introduced in this course will also help to lay foundations for students to undertake advanced accounting studies. The first part of this course establishes benchmark
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1. “Accounting is ingrained in our society and it is vital to our economic system.” Do you agree? Explain. I agree because I think Accounting is part of our economic system specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system. 2. Identify and describe the steps in the accounting process. 1. Identifying the financial transaction
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Abstract This report will analyse Greggs’ 2010 annual report on the purpose of evaluating the company’s current operating condition and providing suggestions of improvement to the company’s management team. According to ASB’S Statement of Principles for Financial Reporting‚ the selected information will be provided to the following users: shareholders‚ loan creditor group‚ analyst-adviser group‚ employees‚ customers‚ suppliers‚ government and the public. Then‚ based on the key ratio calculations
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1) How does internet marketing communication differ from traditional marketing communication? Internet marketing differs significantly from conventional marketing communications because of the digital medium used for communications. The internet and other digital media such as digital television and mobile phones enable new forms of interaction and new models for information exchange. A useful summary of the difference between theses new media and traditional media has been developed by McDonalds
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Describe Act 1 Scene 1 Othello The scene opens on a street in Venice at night time. Iago and Roderigo are two friends (or so Roderigo thinks)‚ and they are arguing about a ‘deal’ made between the two of them. Iago‚ a soldier in the Venetian army‚ promised Roderigo that he would help him win over the beautiful Desdemona‚ the daughter of a Venetian senator called Brabantio. Instead‚ Desdemona has fallen head over heels in love with a black Moor called Othello‚ who is very senior in the Venetian
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show leadership and loyalty. This message is conveyed in Act 4‚ scene 3 when Ross reports to Macduff the death of his family. Malcolm‚ Duncan’s son‚ suggests to Macduff that he should take to the news in a ‘manly fashion’. “I shall do so;/But I must feel it as a man…” This quote made by Macduff suggests that to take something like a man‚ doesn’t necessarily mean you have to be violent. Another theme explored in this part of the play is “Appearences often hide reality”. This theme suggests that people
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5-30 (Assertions) 1. The allowance for doubtful accounts is fairly presented in amount- Valuation and Allocation Assertion (Compare accounts receivable according to GAAP matching principle) 2. All accounts payable owed as of the balance sheet date are included in the financial statements- Completeness(Do the balances contain all transactions for the period) 3. All purchase returns recorded in the general ledger are valid- Existence/Occurrence(Do the recorded accounts represent valid liabilities
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Financial Accounting Easy: 1. Which of the following is usually considered cash? a. Certificate of deposit b. Checking account c. Money market saving certificate d. Postulated Check 2. In preparing the August 31‚ 2011 bank reconciliation‚ Apex Company provided the ff. information Balance per bank statement 1‚805‚000 Deposit in transit 325‚000 Return of customer’s check for 60‚000 Insufficient fund Outstanding checks 275‚000 Bank service change
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