| | | | |4-3. |With inflation‚ what are the implications of using LIFO and FIFO inventory methods? How do they affect the cost of | | |goods sold?
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1. A NSF check should appear in which section of the bank reconciliation? (Points : 2) Addition to the balance per books. Deduction from the balance per bank. Addition to the balance per bank. Deduction from the balance per books. | 2. A consequence of separation of duties is that (Points : 2) theft by employees becomes impossible. operations become extremely inefficient because of constant training of employees. more employees will need
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appeared to be an umbrella concept embracing many features of a company ’s activities that could lead to superior earning power‚ such as excellent management‚ an outstanding workforce‚ effective advertising and market penetration. Goodwill definitions may be defined in two different ways: the residuum approach and the excess profits approach. In the residuum approach‚ goodwill is defined as the difference between the purchase price and the fair market value of an acquired company ’s assets. Goodwill
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jainclassesonline.com (No.1 Institute of Jharkhand) C.A. CPT‚ PCC‚ IPCC & FINAL Solved Ans Prepared by : C.A Arvind Kumar Jain and Team Members (Disclaimer : Questions asked in the exam may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by institute may differ from this Ideal Answers. If you find any errors‚ please email the same.) Contact us Head Office: - 2nd Floor‚ Dey Complex‚ Outer Circle Road‚ Near – IIFT‚ Bistupur‚ Jamshedpur – 831001
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concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal entry is only partially posted. 4. In a service-type
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24/08/2013 Vmware‚ Inc. (VMW) Balance Sheet - NASDAQ.com Home > Quotes > VMW > Company Financials VMW Company Financials VMW $87.8 * 2.34 *Delayed - data as of Aug. 23‚ 2013 2.74% Cash Flow Financial Ratios Get Quarterly Data 12/31/2012 12/31/2011 12/31/2010 12/31/2009 Income Statement Balance Sheet Annual Income Statement (values in 000’s) Period Ending: Current Assets Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total
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Zeiber’s 2014 income statement and balance sheets. Use the following assumptions: (1) Sales grow by 6%. (2) The ratios of expenses to sales‚ depreciation to fixed assets‚ cash to sales‚ accounts receivable to sales‚ and inventories to sales will be the same in 2014 as in 2013. (3) Zeiber will not issue any new stock or new long-term bonds. (4) The interest rate is 11% for long-term debt and the interest expense on long-term debt is based on the average balance during the year . (5) No interest is
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Starbucks Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem‚ Part 1 assignment due in Week Six. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: •Are the assets included under the company’s current assets listed in the proper order? Explain your answer. The current assets should be listed in the order of liquidity. The assets which
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DBA 7101 MANAGEMENT CONCEPTS ASSIGNMENT-1 1. Discuss the role of various approaches of management in management theory. Which approach‚ do you think‚ adequately clears the nature of management? ……………………………………………………………………………[10 marks] 2. “Decision making is the primary task of the management”. Discuss this statement and explain the process of decision making. [10 marks] ASSIGNMENT-2 1. What are the leadership qualities
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430 Sept. 30 515 Sept. 30 85 515 Depreciation Expense Sept 30 288 Sept. 30 288 b) Yasunari Kawabata D.D.S. Trial Balance September 30‚ 2012 Debit Credit Cash 12‚133 Accounts Receivable 6‚950 Supplies On hand 612 Furniture & Equipment 17‚280 Accumulated Depreciation 288 Accounts Payable 13‚680
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