will be punished: the student involved will be assigned zero points on this exam. Good luck! Student Name: ……………………………………… Grade: ……… / 20 ______________________________________________________________________________ Exercise 1: Pierce Company reported net income of $200‚000 for the current year. Depreciation recorded on buildings and equipment amounted to $80‚000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
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CHAPTER 4 Income Statement and Related Information ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Income measurement concepts. Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 18‚ 28‚ 31‚ 32‚ 33 1 1‚ 2‚ 7 Brief Exercises Exercises Problems Concepts for Analysis 3‚ 4‚ 5‚ 6‚ 8 2. Computation of net income from balance sheets and selected accounts. Single-step income statements; earnings per share. Multiple-step income statements. Extraordinary items; accounting changes; discontinued operations;
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EXECUTIVE SUMMARY Apple was formed in 1976 by Steve Wozniak and Steve Jobs. After some disastrous losses in the 1980’s and 1990’s to their main competitor‚ IBM‚ Apple was able to re-invent the entire company. When Jobs returned to Apple in 1996‚ he took an expanded role and not only continually pushed for innovative ideas and products but also compelled several structural changes. Jobs also got rid of profitless divisions and departments. Apple has been able to gain market share quicker
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Company Background Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) designs‚ manufactures and markets mobile communication and media devices‚ personal computers‚ and portable digital music players‚ and sells a variety of related software‚ services‚ peripherals‚ networking solutions‚ and third-party digital content and applications. The Company’s products and services include iPhone ® ‚ iPad ® ‚ Mac ® ‚ iPod ® ‚ Apple TV ® ‚ a portfolio of consumer and professional
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Financial Statement Restatement Paper A number of companies have faced restatements because of errors in their financial statements (Kieso‚ Weygandt‚ & Waterfield‚ 2007). Overstock.com is an online retailer offering closeout and discount brand and non-brand name merchandise. They also operate as part of their website an online auctions business- a marketplace for the buying and selling goods and services. In February 2006‚ the company restated financial reports from Q1 2002 to Q3 2005 due
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examination of financial statements and underlying records for conformance with generally accepted accounting principles (GAAP). It does this as well as generally accepted governmental auditing standards C. Tests for compliance with laws and regulations. D. Both B and C. 2. Government Auditing Standards (GAS) issued by the U.S. Comptroller General apply to A. Financial statement audits of federal organizations made by the Government Accountability Office. B. Financial statement audits of
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ACFI 1001 Accounting for Decision Makers – Individual Project (15%) Financial Statement Analysis and Report Objectives Apply theory in practice Conduct analysis of financial statement – to look beyond the numbers Experience formal report writing. REQUIRED: Written report (a soft copy on blackboard via turnitin and printed copy to tutors is compulsory) 1. Obtain the most recent annual report for two companies in any of the industries on the Australian Stock Market (for example‚
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In the technological discovery of the Mayan Calendar; which has been in use since the 1st Century BC and is still in use today‚ the coding and de-coding of key dates and times from Gregorian to Mayan‚ or vice versa‚ and how theses dates are coded are all obstacles that have been faced. Although‚ the process does impose quite a few restrictions upon whoever is trying to decipher it. With this being said‚ the Mayan’s created a very technical and in-depth process for figuring out the day‚ month and
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Company Background 1.1 Company History Milton S Hershey‚ an American confectioner and philanthropist‚ created The Hershey Company in 1894‚ which was located Lancaster‚ Pennsylvania. Currently‚ the Hershey Company distributes its’ products in more than ninety international countries and is the largest producer of chocolate and sugar confectionary items‚ including Jolly Rancher and Ice Breakers. 1.2 Management Organizational Chart Job Descriptions • Chief Executive Officer: Currently‚ John P
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Runic Era Calender Feast Days and Days of Observance This Asatru Calendar has been prepared to aid members of the Asatru Faith properly schedule Feast Days and days of mandatory ritual observance. Some Feast Days may be observed on the nearest Saturday to the actual observance. However‚ the High Feast days of Ostara‚ Midyear‚ Winter Finding‚ and Yule must be observed on the listed dates because of their solar significance. NOTE: This is year 2012 CE Snowmoon / January Snowmoon 3‚ Charming
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