show how Wal-Mart debt securities reports show on the financial statements‚ how Wal-Mart invest in stocks and debt securities. The team will go farther and show why Wal-Mart invests in stocks and debt securities‚ what are Wal-Mart’s relative risks and rewards of equity versus debt securities and what the difference is between equity and debt securities. How are the corporation’s debt securities reported on the financial statements? As defined by Investopedia “Any debt instrument that can be bought
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long-term debt O Purchase of equipment O Collection of customer’s account F Issuance of common stock I Purchase of another company F Payment of dividends O Sale of equipment Brief Exercise 12-4‚ Direct versus Indirect Method Direct‚ Indirect I Net income I Increase in accounts receivable D Collections on accounts receivable D Payments on accounts payable I Decrease in accounts payable I Depreciation expense I Gain on early retirement of bonds D Cash Sales Brief Exercise 12-5‚ Direct Method 1. $3
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Therefore‚ it is taxable income and should be reported as employment income in her tax return. But it seems that the amount of $9500 she received is net of tax amount (her total before tax salary for two moths is $12‚000). She should contact CCC to get a T4 slip so that she will not be double taxed on $9500. 2) For CCC: ➢ Since the payment is related to pay in lieu of termination notice‚ the correct way that CCC should have done was to deduct income tax‚ CPP‚ EI and provided
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corporation B. Corporation B pays corporation A $100‚000 in dividends in 2002. Corporation A must pay tax on: A) $100‚000 of ordinary income. B) $ 30‚000 of ordinary income. C) $ 70‚000 of ordinary income. D) $ 70‚000 of capital gain. 5. The stockholder’s annual report must include: A) a statement of cash flows. B) an income statement. C) a balance sheet. D) a statement of retained earnings. E) all of the above. 6. A firm had the following accounts and financial data for 2005: The firm’s
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following is the summary of balances of various accounts for the transactions that took place during the year. Trial Balance as on December 31‚ 2010 Particulars | Expenses/Assets | Incomes/Liabilities | Capital | | 2000000 | Drawings | 2000 | | 12% loan | | 100000 |
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to other banks. IV. Alternative Courses of Action - The Bank should ask for the financial statement of Adler Custom Tailor from the last six months since the business has started. - The Bank must analyze if the business has profited or it is experiencing losses? (Attached are the journal entries‚ income statement and balance sheet) V. Conclusion and Recommendation By looking at the income statement of the Adler Custom Tailors‚ the business is already experiencing losses. The net loss amounts
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Schedules to the Financial Statements for the year ended March 31‚ 2011 15. Significant accounting policies and notes on accounts Company overview Infosys BPO s.r.o. is a leading provider of business process management services to organizations that outsource their business processes. Infosys BPO s.r.o. is a majority owned and controlled of Infosys BPO Limited. The Company leverages the benefits of service delivery globalization‚ process redesign and technology and thus drives efficiency
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CASH Why is profit not equal to cash coming in? Some differences such as loans received which do not impact the profit and loss statement are pretty obvious. Others may not be as obvious but you can break them down into three main areas: - Revenue is booked at sale. In many cases a sale is recorded for accounting purposes in the profit and loss statement when a company delivers a product or service. In many cases‚ no cash has been exchanged at the time of sale since customers typically
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Background Information This report details the rise and collapse of WorldCom Group: this telecommunication giant employed 60‚000 individuals and had over $104 billion in assets. However‚ most numbers were deliberately misstated in order to maximize income and survive in the global stock market. WorldCom dates back to 1983 when in split up from AT&T to create a separate entity in order to take over the Southern states telecommunication markets. WorldCom focused on providing Long Distance Discount Services
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sustainable mix of long-term projects. o To assist marketumbrella.org in developing and implementing current innovative ideas into actual business practices‚ products and/or services. o To assist marketumbrella.org in growing their earned income streams. o To identify the strengths and weaknesses of marketumbrella.org and its competitors‚ and to provide a strategy to further growth. o To develop guidelines for the operation of marketumbrella.org. The Business Plan Should Include:
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