Financial Reporting Problem Part 1 XACC/290 Kathleen Downey Brittany Baker Amazon became a publically traded company in October 1995. In 1996‚ it was reincorporated in Delaware. Amazon issued its initial public offering of stock on May 15‚ 1997‚ trading under the NASDAQ stock exchange symbol AMZN‚ at a price of $18.00 per share in the U.S. ($1.50 after three stock splits in the late 1990s Wikipedia). Amazon’s initial business proposal was different they it did not expect to make
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ACC290 – Principles of Accounting I – Final Exam Study Guide 2012 Remember to check out ACCNerd.com for the latest updates! 1. Which financial statement is used to determine cash generated from operations? A. Income statement B. Statement of operations C. Statement of cash flows D. Retained earnings statement 2. In terms of sequence‚ in what order must the four basic financial statements be prepared? A. Balance sheet‚ income statement‚ statement of cash flows‚ and capital statement
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[pic] Copyright © 2011by University of Phoenix. All rights reserved. School of Business Course Syllabus ACC/290 Principles of Accounting I Course Start Date: 06/20/2013 Course End Date: 07/25/2013 Miami Learning Center 11410 NW 20 Street Miami‚ FL 33172 (305) 428-4910 Thursday Evenings – 6 PM to 10 PM June 20‚ 2013 June 27‚ 2013 July 11‚ 2013 July 18‚ 2013 July
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Financial Reporting Problem Part 2 If cash is King‚ then Apple is the King. Apple has piled up $81.6 billion in cash/investments. Most people think that Apple only has $26 billion in cash‚ but the way Apple reports it on the balance sheet can be confusing. From an investor’s standpoint‚ they love companies with cash‚ the ability to generate cash and that virtually have little or no debt. Apple is one of the company’s that does not have any debt. Whether short term or long term‚ Apple invests
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| | | The first caption in most income statements in annual reports is:Answer | | | | | Selected Answer: | b. net sales. | Correct Answer: | b. net sales. | Answer Feedback: | Correct. | | | | | | | | Gains differ from revenues because gains:Answer | | | | | Selected Answer: | e. are not a result of the entity’s ongoing‚ central operations. | Correct Answer: | e. are not a result of the entity’s ongoing‚ central operations. | Answer Feedback: | Correct. |
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Financial statements Julian D. Maujer XACC/290 November 30‚ 2014 University of Phoenix Financial statements The four simple financial statements provide a rundown of the monetary activities of a business or corporation. They can be prepared at any point in time and can apply to any time span. All four statements are needed to determine the company growth and profitably. Investor and creditors will use all four statements to determine if the company is a sound investment. 1. Balance sheet - The balance
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Ratio‚ Vertical‚ and Horizontal Analyses Regina Stewart XACC/280 February 3‚ 2012 Jose Rodriguez Ratio‚ Vertical‚ and Horizontal Analyses A detailed examination of the tools used in financial analysis‚ in addition to their various functions‚ is provided within this paper. The current ratio and calculations on the questions are provided herein. A variety of tools are used to assess the importance of financial data. Frequently used tools of financial statement analysis consist of horizontal
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Juliana Borges Connie Robin Gibson XACC/290 June 9‚ 2013 BE5-1: A. $181‚500 B. $41‚200 C. $38‚000 D. $17‚900 E. $8‚500 F. $63‚400 BE5-2: Pocras Company buys merchandise on account from Wedell Company. The selling price of the goods is $900 and the cost of the goods sold is $590. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. Pocras Company: Accounts Receivable: Debit = $900‚ Credit = $900. Cost of Goods Sold: Debit = $590
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Financial Analysis Coca-Cola and PepsiCo XACC/280 Financial Analysis An official financial analysis for a specific company needs two years of financial data from the company and from a competitor in the same industry. This financial analysis is between PepsiCo‚ Inc. and Coca-Cola. Pepsi and Coca-Cola dominate the beverage market worldwide. In addition to sodas‚ they also distribute a variety of water and energy drinks. Based
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Financial Statements ACC/290 September 14‚ 2012 Financial Statements This written essay will discuss the four basic financial statements used in accounting. It will describe the purpose of the four financial statements. How these statements would be useful to internal users‚ such as managers‚ and employees. How the external users‚ such as investors‚ and creditors would find these statements useful. Four Basic Financial Statements The four basic financial statements used in accounting
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