The world was created balanced.That means if written examination has its advantages‚it also has its corresponding disadvantages.First that comes on the list is the cheating incident.Copying the answers of a student’s seatmate is very much possible since the same test questionnaires are given and it is done in a manner that the teacher or the proctor won’t be able to notice.Sometimes‚looking at the notes during examination is even possible since in an examination room‚ there are many students who
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Cash Flows Aleshia Wisch ACC206: Principles of Accounting II Prof. Eric Sumners August 11‚ 2014 ACC 206 Week Assignment 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions‚ such as the exchange of common stock for a building for example‚ included on a statement of cash flows? How are these noncash transactions disclosed? It is important for a company to show what assets they have on hand that can convert to cash. Non cash transactions are disclosed
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Tutorial 1 (1a) Which one of the following is an example of an internal stakeholder? A A shareholder B Investment analyst / consultant CA manager DA supplier (1b) The original role of the accounting function was which one of the following? AProviding management information BRecording financial information C Maintaining financial control D Managing funds efficiently (1c) The major purpose of the Malaysian Accounting Standards Board (MASB) is to ensure consistency in ___________
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Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚ and from a decrease in operating expenses as a percentage of sales. The only favorable factor was the decrease in the income tax paid. Management and investors are often more interested in the return earned on the funds invested than
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financial position and expected results of operations. The projected financial statement is summary. It is the summary of revenue and expenses for the budgeted period. Projected financial statement includes the Balance Sheet‚ income statement and cash flow statement for the budgeted period. Balance Sheet shows assets liabilities and equity at a particular point of time. DETAILS ABOUT AMRUTANJAN’S BUSINESS 2012 2013 AMRUTANJAN Pain balm- 1053.28 (RS. In million) AMRUTANJAN Pain balm- 1086
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I. INTRODUCTION Statement of Cash Flow (Cash Flow Statement) describes the changes in the cash position of a company during specific period of time. In business as in personal finance‚ cash flows are essential to solvency. Solvency can be described as the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Cash flow is crucial to an entity’s survival. Having ample cash on hand will ensure that creditors‚ employees and others
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Statement of Cash Flows Preview of Chapter Usefulness and Format Usefulness of the Statement of Cash Flows Provides information to help assess: 1. Entity’s ability to generate future cash flows. 2. Entity’s ability to pay dividends and obligations. 3. Reasons for difference between net income and net cash provided (used) by operating activities. 4. Cash investing and financing transactions during the period. SO 1 Indicate the usefulness of the statement of cash flows. Usefulness
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When Has Hard Work Paid Off For You “Sometimes there’s not a better way. Sometimes there’s only the hard way.” ― Mary E. Pearson Will hard work pay off? Or is hard work just a waste of time and effort? In the story that I am going to share‚ the questions will no longer be left unanswered. It all started in Primary 3 when I had a new‚ unknown and challenging subject‚ Science. I was not interested in this subject at all as I did not know much about it then. During lessons‚ I hardly gave my
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the Transvaal)‚ Gambia‚ Sierra Leone‚ Nigeria‚ Ghana (British Gold Coast) and Malawi (Nyasaland). These countries held more than 30% of Africa ’s population. Other colonisers were France‚ Germany‚ Belgium‚ Italy‚ Portugal and Spain. During the time when African countries were colonised‚ the imperial powers exploited the resources there and left the countries and locals with little. Civil war is a big issue in Africa. For example‚ the Rwanda genocide was a mass slaughter of the Tutsis carried out
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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