Historical Cost Concept What is historical cost? Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term historical cost helps to distinguish an asset’s original cost from its replacement cost‚ current cost‚ or inflation-adjusted cost. For example‚ land purchased in 1992 at cost of $80‚000 and still owned by the buyer will be reported on the buyer’s balance sheet at its cost or historical cost of $80
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pages and 2 blank pages. SP (SLC/JG) S23703/1 © CIE 2002 [Turn over 2 1 What is the accounting equation for capital employed? A B C D current assets – current liabilities fixed assets + current assets – current liabilities fixed assets + current assets + current liabilities net assets – current liabilities 2 When preparing a sole trader’s annual accounts‚ no adjustments were made for closing amounts prepaid. What is the effect of these omissions? A B C D net profit overstated net profit
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Great posts. You both make valid points on how best to make the ethical decisions for the hospital. As mentioned nonaleficence would be the ethic principal that should govern the decision process. Floating the nurse my not initially present as a valid option however looking at the situation from a financial aspect the hospital must consider how to best maintain and keep the patient safe with balancing how to continue to keep the hospital running. The hospital is in a financial crisis and is unable
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principle of the Five Ws‚ a report can only be considered complete if it answers these questions starting with an interrogative word:[3] Who is it about? What happened? When did it take place? Where did it take place? Why did it happen? Some authors add a sixth question‚ “how”‚ to the list‚ though "how" can also be covered by "what"‚ "where"‚ or "when":[3] How did it happen? Each question should have a factual answer — facts necessary to include for a report to be considered complete.[4] Importantly
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Evaluating two successful stores and two unsuccessful stores The retail industry is extremely competitive particularly during the current economic conditions when customers have limited spending power (Bloomberg‚ 2009). Therefore‚ it is crucial that the business owner assess all of the factors which determine the profitability of a store. Since the financial figures are unavailable for all of the different outlets‚ the success of the store will be assessed using the same physical factors which
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Motor Corporation is a Japanese company that manufactures cars and also other vehicles like trucks and busses. It has c Definition of CSR CSR or Corporate Social Responsibility is a self-regulated set of activities which are guided by some ethical and legal principles. Under CSR‚ companies can decide to take up some initiatives that will help them in complying with the legal standards as well as in making a positive contribution to the society. d Driving forces of CSR The driving forces
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Chapter 1: Organizations and Organization Theory Current Challenges of Organizations • Globalization o Markets‚ technologies‚ and organizations are becoming increasingly interconnected • Ethics and social responsibility o The list of execs and major corporations involved in financial and ethical scandals continues to grow • Speed of responsiveness o Globalization and advancing technology has accelerated the pace at which organizations in all industries must roll out new
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What are the main factors for a successful exhibition? Assignment: One Programme No.: NES-A7514-2009-3 Programme Name: Events‚ Exhibitions and Conference Management Student Name: Yiu Min (Susanna) Date: 27 November 2009 Introduction Every exhibitor intends to fulfill a successful exhibition‚ but how to define successful? Is it only attracted a crowd? Therefore as a exhibitor we really need to clear the criteria and important factor for a successful exhibition
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Sample Question Paper Code-254 ELEMENTS OF BOOK KEEPING & ACCOUNTANCY Class-IX Summative Assessment-II March 2011 Examination Design of Question paper Time Allowed : 3 Hrs 01. Weightage to form of Questions Type of questions 1. 2. 3. 4. MCQs Short Answer Questions Long Answer Questions(i) Long Answer Questions(ii) Total No. of Questions 16 8 4 4 32 Marks for each Question 1 3 4 6 Total Marks 16 24 16 24 80 Maximum Marks : 80 Duration of the examination will be 3 - 3 ½ hours. Evaluation will
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Evaluating Survey Worthiness Surveys are used to collect data. Nearly every day‚ you read or hear about survey or opinion poll results in newspapers‚ on the Internet‚ or on radio or television. To identify surveys that lack objectivity or credibility‚ you must critically evaluate what you read and hear by examining the worthiness of the survey. First‚ you must evaluate the purpose of the survey‚ why it was conducted‚ and for whom it was conducted. The second step in evaluating the worthiness
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