bank. 2. The UIC bank will be concerned with their assets and liabilities which are mentioned in the balance sheet in order to calculate ROI‚ROA and the calculate debt to equity to ratio . 3. Calculating the ratio bank will be able to determine the interest rate on the loan. 4. A positive amount reported on the balance sheet determines the goodwill of the company which allows the bank to process loan on good faith terms. 2. SHOULD THE INTELLECTUAL ABILITIES BE REPORTED AS AN ASSET?(4 MARKS)
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• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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Intermediate Sanctions Florence Thomas Axia College of University of Phoenix Intermediate sanctions are criminal sentences that fall between standard probation and incarceration. Intermediate sanctions can include house arrest‚ intensive probation (i.e.‚ probation with more conditions beyond the basic conditions of standard probation)‚ boot camps‚ electronic monitoring‚ and drug treatment programs. Intermediate sanctions serve a dual purpose in the criminal justice system
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Intermediate Sanctions Intermediate sanctions are the sanctions that are more restrictive than the probation and less restrictive than imprisonment. It is also intended to relieve the pressure on the over crowed facilities that deal with the corrections and the probation departments that are understaffed. The purpose for the intermediate sanction in the criminal justice process is that it helps with any of the concerns from the facilities being packed and over crowed. Jails and the prisons
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Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
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artificial flower manufacturing company situated in Monaragala with 350 total workforces. It provides artificial flowers for local and international markets. This has five functional departments namely Purchasing‚ Sales and Marketing‚ Production‚ Accounting and HR. They got a decision to increase production in 14% by last year onwards and an incentive program also implemented. When the carder produces more than the original target‚ company granted 10%-15% additional incentive. After 6 months company
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Judgment of Paris Main Story: The evil goddess of Discord‚ Eris‚ was naturally not popular in Olympus‚ and when the gods gave a banquet they were apt to leave her out. Resenting this deeply‚ she determined to make trouble — and she succeeded very well indeed. At an important marriage‚ that of King Peleus and the sea nymph Thetis‚ to which she alone of all the divinities was not invited‚ she threw into the banqueting hall a golden apple marked For the Fairest. Of course all the goddesses wanted
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Chapter 19: Accounting for Income Taxes Fundamentals of Accounting for Income Taxes * Intro * Pretax Financial Income- income before taxes‚ income for financial reporting purposes‚ income for BOOK purposes * Determine according to GAAP * Taxable Income- amount used to compute income taxes payable * Determine using Internal Revenue Code (tax code) * Differences arise for a simple reason‚ for financial reporting purposes companies use the full accrual
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Judgment in Society How does judgment affect society? In society judging others at times becomes an unconscious habit. In Their Eyes Were Watching God‚ Zora Neale Hurston views judgment as unfair and harmful. In her novel‚ Hurston uses figurative language‚ tone‚ and dialogue to demonstrate how judgment can be detrimental to humanity. The dialogue in this passage reveals to us the blind judgment between characters and Hurston’s negative attitude towards it. This story takes place in a southern
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Construct a sources and uses of cash statement for 2011 and 2012‚ and derive the change in the firm’s cash position. Then rewrite the sources and uses of cash as a statement of cash flows. Briefly interpret the results of your analysis. Question 2. On Eastern Printing Machines Co.’s income statement of 2012‚ the cost of goods sold and
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