Balance sheet and income statement of IBM company Name: ID: Submitted to: Balance sheet Assets | Current Assets | | Cash And Cash Equivalents | 10,661,000 | 12,183,000 | 12,741,000 | | Short Term Investments | 990,000 | 1,791,000 | 166,000 | | Net Receivables | 29,789,000 | 28,523,000 | 29,097,000 | | Inventory | 2,450,000 | 2,494,000 | 2,701,000 | | Other Current Assets | 4,226,000 | 3,946,000 | 4,299,000 | | Total Current Assets | 48
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the answers to essay type parts so as to guarantee that your answer is an original. Do not submit as is 14-28 (Controls over cash receipts processing at a church) You have been asked by the board of trustees of a local church to review its accounting procedures. As a part of this review, you have prepared the following comments relating to the collections made at weekly services and recordkeeping for members’ contributions: 1. The church’s board of trustees has delegated responsibility for financial
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Introduction The IASB has decided to review the standards for financial instruments formulating a new financial instrument standard, IFRS 9 AASB 9 introduces new requirements for classifying and measuring financial assets, as follows: * Debt instruments meeting both a 'business model' test and a 'cash flow characteristics' test are measured at amortised cost (the use of fair value is optional in some limited circumstances) * Investments in equity instruments can be designated as 'fair
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San Francisco State University Accounting 504 Midterm I The point value for each question is indicated below. Since the test will be graded using a positive grading system, it is to your advantage to ATTEMPT EVERY QUESTION. If you have any questions, please ask me. Good Luck!! 1. A statistical section should be included in a. A Comprehensive Annual Financial Report b. The basic financial statements c. The notes to the financial statements d. Required Supplemental
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Financial Reporting Part 2 Marlo B Freeman ACC/290 November 24, 2013 University of Phoenix Financial Reporting Part 2 I choose Wal-Mart as the company that I would use to do this assignment. I also used it in my week 6 assignment. As I stated before the reason I choose Wal-Mart is because I have worked there and I still shop there. I want to know if the company is financially stable, and to find out how much they are really making in a year’s time. I have used the income statement and balance
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(Name) (Instructors’ name) (Course) (Date) P2-6A Ratio Formula 2012 2011 Earnings per share (Net income- /Average common shares outstanding) 70000/33000 = 2.1 60000/30000= 2.0 Working Capital Current Assets-Current Liabilities (28000+70000+90000)-75000 = $113000 (20000+62000+73000)-70000 = $85000 Current ratio Current Asset/Current liabilities (28000+70000+90000)/75000 =1.5:1 (20000+62000+73000)/70000 =1.2:1 Debt to Total Asset (%) Total liabilities/Total asset (75000+80000)/760000
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Accounting 1. Stockholders equity = total assets-total liabilities i.e Apple: 118,210 Dell: 8917 2. Accounting equation Missing amount is: a. 1,118,790 b. 93230 c. 55,940 1. Assignment E1-6 Missing amount for condensed balance Costco target walmart Asset 27,140 46,630 193,406 Liabilities 14,779 30809 117,645 Stockholder equity 12,361 15,821 75,761 Exercise 1-10 The following item in Flip flop Sandals Financial statements will either appear or will not appear: 1. Accounts
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MATTHEWS COMPANY Trial Balance August 31, 2012 | | | Before Adjustment | | After Adjustment | | | Dr. | | Cr. | | Dr. | | Cr. | Cash | | $10,012 | | | | $10,012 | | | Accounts Receivable | | 8,876 | | | | 9,535 | | | Supplies | | 2,318 | | | | 510 | | | Prepaid Insurance | | 3,916 | | | | 2,616 | | | Equipment | | 12,947 | | | | 12,947 | | | Accumulated Depreciation—Equipment | | | | $ 3,715 | | | | $ 4,501 | Accounts Payable | |
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When one is setting up and maintaining a business, a large investment in property, plant and equipment is often required. These assets are often referred to as fixed assets or capital assets. There are two types of assets included in the cost of basis in long lived assets. The first is real property. Real property consists of land, land improvements (such as sidewalks and parking lots), building, and other structures attached to the land. The second type of asset is tangible personal property. An
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ACC2211 MANAGERIAL FINANCE AND ACCOUNTING ACADEMIC YEAR 2013-2014 ------------------------------------------------- SEMINAR 3 – SUGGESTED SOLUTIONS TO SEMINAR QUESTIONS LECTURE 3: PREPARATION OF FINANCIAL STATEMENTS 1. (a) MMM Ltd Income Statement for the Year Ended 30 September 2013 £ £ Sales revenue 330,000 Less: Cost of sales Opening inventories 50,000 Purchases 200,000 Closing inventories (80,000) (170,000)
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