1. award: 0 out of 0.00 points On January 1‚ Puckett Company paid $2.64 million for 88‚000 shares of Harrison’s voting common stock‚ which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison
Premium Generally Accepted Accounting Principles Dividend
PEER TO PEER ARCHITECTURE : Synopsis In a peer-to-peer (P2P) network‚ every machine plays the role of client and server at the same time. Although a P2P network has a number of advantages over the traditional client-server model in terms of efficiency and fault-tolerance‚ additional security threats can be introduced. Users and IT administrators need to be aware of the risks from propagation of malicious code‚ the legality of downloaded content‚ and vulnerabilities within peer-to-peer software.
Premium Peer-to-peer Client-server File sharing
total of profit or loss and other comprehensive income. The profit and losses as well as other comprehensive income generated by an entity will have impact on the assets and/or liabilities of the entity. As the result of the requirements of some accounting standards‚ certain income and expenses will not be included in the statement of comprehensive income‚ but rather are adjusted directly against equity. Manager should choose expenses and incomes that do not belong to a specific equity account.
Premium Income statement Balance sheet Generally Accepted Accounting Principles
in bulk. 3. Which of the market entry strategies identified in the chapter is Tesco using in the US‚ Do you think this is the appropriate strategy ? Tesco used the Organic growth strategy by building their own new stores in the United States. Due to the level of difficulty entering the retail market in the United States‚ they probably should have considered an acquisition strategy instead. LIDL explores further expansion in Global retailing Since the credit crunch‚ we have seen a high
Premium Retailing Wal-Mart Luxury good
Society Recommendation Memo‚ 2/5/2015 Memo – Groggs Peak Company Case Study Introduction: Tom‚ Although we were a little more focused on shooting par this past weekend rather than the company‚ our recent meeting regarding the issue of maximizing energy efficiency has interested me into researching wind turbines and other sustainable practices. As a manager and colleague‚ I believe it is not in the company’s best interest investing into wind turbines at this time and also due to Carbondale’s low average
Premium Renewable energy Wind power Solar energy
E9-7 Brainiac Company purchased a delivery truck for $30‚000 on January 1‚ 2011.The truck has an expected salvage value of $2‚000‚ and is expected to be driven 100‚000 miles over its estimated useful life of 8 years.Actual miles driven were 15‚000 in 2011 and 12‚000 in 2012. Instructions (a) Compute depreciation expense for 2011 and 2012 using (1) the straight-line method‚ (2) the units-of-activity method‚ and (3) the double-declining balance method. (b) Assume that Brainiac uses the straight-line
Premium Depreciation
A STUDY OF ACCOUNTING OF BANKING COMPANIES SUBMITTED IN PARTIAL FULFILLMENT OF REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION AND MASTER OF BUSINESS LAWS [pic] UNDER THE ABLE GUIDANCE OF PROFESSOR Dr. GAJENDRA MEHTA FACULTY IN CHARGE‚ PRINCIPLES OF ACCOUNTING BY Iftekhar anees M.B.A.‚M.B.L SEMESTER I NATIONAL LAW UNIVERSITY‚ JODHPUR. August‚ 2006 BONA-FIDE CERTIFICATE Certified that this study paper is the bona fide work Dr. Gajendra Mehta‚ Faculty
Premium Bank Cheque Fractional-reserve banking
Directive & Informative Memos Review Worksheet This is a review of directive & informative memos that you learned about in Module 3. Activity 1 1. What are the 5 parts of the header of an informative memo? __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ 2. The ‘Subject:’ line should be _____________________________________________________
Premium Star Wars Episode IV: A New Hope Human resource management Darth Vader
of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received in advance by a magazine company. Because the company owes something‚ the unearned revenue is recorded as a liability. 3. Non-cash: These
Premium Revenue Income statement
PRACTICAL ACCOUNTING 1 1. On January 1‚ 2012‚ Revenue Company sold specialized computers costing P760‚000 to Income‚ Inc. for P990‚000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the installation period. Income made a 50% down payment‚ with the balance due upon completion of installation. How much revenue should Revenue Company recognize on its books on January 1‚ 2012? a. P990‚000 b. P760‚000 c. P495‚000 d. P-0- 2. SAMpple Company is an experienced
Premium Balance sheet Depreciation 1986