FINANCIAL STATEMENT ANALYSIS OF APPLE INC. INTERMAITE ACCOUNTING 312 PROFESSOR BRODERICK MARTINEZ BY: MURTAZA MOIZ TABLE OF CONTENT Cover Page Pg. 1 Table of Contents Pg. 2 Introduction Pg. 3 History
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According to section 225-10-S99 of the FASB Codification, the following income statement presentation is relevant to this case: Net sales, which is equal to gross sales less discounts, returns and allowances, should be stated first. Sales of tangible products (children’s clothing) and revenues from services (spa services) should be stated separately from one another on the income statement. Gross profit, Cost of Sales, according to the case, “includes expenses incurred to acquire and produce
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4-25 Billy Dent must include 5000+4000= 9,000 in his 2011 income tax return. Rent is taxable when received. Security deposit that is refundable is not taxable. 4-32 a) There is no impact to Barbara or Arnolds taxable income due to the transfer of the home. She assumes the home with a basis of $400,000. b) no impact to Arnold or Barbara's taxable income because the payments wouldn't be considered alimony. If there was a portion of the amount that was interest then Arnold could
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Drill Exercise ACCT5910 Business Analysis and Valuation The University of New South Wales School of Accounting Lecturer Dr Peter Vassallo Optiscan is a relatively young Australian company that now produces endoscope instruments. Its products allow doctors and medical practitioners to undertake internal physical examination of their patients and to record visual imagery. The company has spent substantial amounts of money to research, develop and market its products. Yet, its balance
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Portfolio Project Portfolio Project **** Numbers in Millions throughout project **** a. Coca-Cola – “The Coca-Cola Company is the largest manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world “(Coca-Cola Company pg. 3). PepsiCO inc. – “We are the leading global snack and beverage company. We manufacture, market and sell a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages and foods” (PepsiCo
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ACCT 212 Course Project ¬For more classes visits www.snaptutorial.com (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what owners' equity values would be if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners' equity. (10 points) (TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial
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ACCT 212 Course Project (Devry) FOR MORE CLASSES VISIT www.acct212papers.com This course has two course projects due. The first, Course Project 1, reinforces the basic principles of accounting and application of the accounting information system. It is completed in two parts. The second, Course Project 2, is an opportunity to show the ability to analyze financial statements to arrive at conclusions based upon the analysis. Course Project 1 - Overview and Guidelines | Course Project 2 - Overview
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Worksheet for You Decide Questions: Q1: Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc. Solution: Since Smackey Dog Foods, Inc (“Smackey”) is not a publicly traded company, it would not be subject to SEC regulations and therefore would not need to file the required reports under the securities acts. It would however have indirect impact on the audit of Smackey due to the SEC’s influence in setting generally accepted accounting principles (“GAAP”), the
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Profile Microsoft As per MSN, “Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. It also designs and sells hardware, and delivers online advertising to the customers. It has five segments: Windows & Windows Live Division (Windows Division), Server and Tools, Online Services Division (OSD), Microsoft Business Division (MBD), and Entertainment and Devices Division (EDD). Its products include operating systems for personal computers
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Financial Accounting 504 23-Jun-13 Professor Chung Oracle v Microsoft Final Course Project As noted in Wikipedia Oracle is headquartered in Redwood, California. It was founded in 1977 and is the world's third largest soft wear developer in sales. According to Yahoo Finance Oracle is a multi-faceted operation. Oracle provides a vast amount of services for the internet and computer. It provides cloud applications, IT consulting services, licenses middleware software which includes database and
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