asset. In this case‚ my company must recognized a loss of eight thousand dollars‚ simply because the fair value of my donated asset is two thousand dollars. Furthermore‚ I must update my books by debiting “Contribution Expense” and “Loss on disposal of x asset” for $2‚000 and $8‚000 crediting the asset for $10‚000. In this case‚ the fair value of my asset was lower than its book value forcing me to recognize a loss on my contribution. FASB ASC 845-10-30-1 In general‚ the accounting for nonmonetary
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International Accounting Case 1-2 1. An individual investor might want to invest in an international growth fund so that they can diversify their assets into mutual funds that invest in the stock of foreign companies instead of companies that are only in one country. 2. Risks common to both domestic and international funds: a. Investment style risk - the chance that returns from non-U.S. growth stocks and small- and mid-cap stocks‚ will trail returns from the overall domestic stock
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The Casey Anthony Trial Casey Marie Anthony was born on March 19‚ 1986 to the parents of George and Cindy Anthony. She had grown up in Orlando‚ Florida along with her older brother Lee Anthony and her parents. She spent most of her time partying with friends in Downtown Orlando. Partying seemed like her favorite thing to do. She also lived a life full of secrets and lies. Casey would soon prove how good she really is at lying. After high school‚ Casey got a job working at Universal Studios. This
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Chapter 11 THE STATEMENT OF CASH FLOWS Problems Problem 11-1 |2003 sales |$8‚743‚000 | |Less: Change in accounts receivable | (70‚000) | |Cash generated from sales during 2003 |$8‚673‚000 | Problem 11-2 a. Issuance of a 12-month note in return for $2 million cash is a financing source of cash. Use
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Overview The Casey Anthony Trial is an infamous case globally‚ and is one that even presently covers the headlines of newspapers and tabloid magazines. The case follows the disappearance‚ and murder of two year old Caylee Anthony‚ who lived in Orlando‚ Florida‚ with her mother Casey Anthony‚ and grandparents‚ Cindy and George Anthony. The events of the case all began on July 15‚ 2008‚ when Caylee was reported missing by a 9-1-1 phone call made by her grandmother Cindy‚ thirty-one days after her
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purchased on account at a cost of $18‚000‚ to be paid within 30 days. Supplies were purchased for $1‚000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1‚875 if purchased under normal circumstances. Oct. 1–6 Revenues of $5‚500 were earned and paid in cash. Expenses required to earn the revenues of $4‚000 were incurred and paid in cash. a. Prepare a balance sheet at September 30‚ 2011. (You will need to compute the missing figure for Notes Payable). (Be
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Individual Assignment Problems MBAO287-ADM-471P-A: Essentials of Accounting I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper‚ I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper‚ I understand
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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Concise Summary of Case - Anthony Tan was one of the most wanted men as he was allegedly charged for murder of Bosnian refugee and Rebels bikie‚ Edin “Boz” Smajovic. After 2 years building an export business in Vietnam‚ he read a media report from NSW‚ describing him as one of the state’s most wanted men. He was unaware for 2 years of the police hunt for him. He immediately got on the phone‚ first his lawyer‚ then to an airline. He was more than willing to return to Australia to fight his allegations
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Criminological Theory: Week 5 (Case Study) ENF 393 Criminal Nature: Submitted by Nicole Bailey Donald Kalamas‚ Instructor Cohort # 14 July 20‚ 2011 Anthony Edward Sowell was supposed to be a low risk inmate after his release from prison in June of 2005. He had served 15 years in prison for rape. Anthony Sowell moved in with family directly following his release. He moved into a Cleveland home on Imperial Avenue. Soon‚ residents started to complain about a pungent odor coming from
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