•Ch. 10: Questions 1, 7, 8, & 19; Question 1: Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain. * That is correct. Otherwise (if over a year) it would be a long term liability. Question 7: (a) What are long-term liabilities? Give two examples. * Debts that must be paid for a period in excess of a year. Long term note payable; mortgage (b) What is a bond? * A bond is a form of debt Question
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Cash P 50,000 P 80,000 P 25,000 Computer at Market Value __25,000 _______ __60,000 Capital P 75,000 P 80,000 P 85,000 1-9: c Maria Nora Cash P 30,000 Merchandise inventory P 90,000 Computer equipment 160,000 Liability ( 60,000) Furniture and Fixtures 200,000 ________ Total contribution P230,000 P190,000 Total agreed capital (P230,000/40%) P575,000 Nora's interest ______60% Nora's agreed capital P345,000 Less: investment 190,000
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CASE STUDY INTRODUCTION Across the globe the commercial world is become too competitive that poses lots of opportunities and threats simultaneously to the businesses. Oil exploration and Production (E&P) companies are not exceptional to this. Oil reserves are depleting and it is expected to last for another 40 years. Oil is one of the major energy resources for most of the industries and particularly for all transportations. Cutting oil consumption further will prolong the life of global oil
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Powered by iPlanner.NET Business Planning Software Sample Business Plan IT ADVISERS (EXAMPLE IT BUSINESS PLAN) 2012 - 2014 22/02/2013 09:40:33(UTC) Executive Summary ............................................................................................................ 3 Company Overview ............................................................................................................. 4 Products and Services ....................................................
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financial information for all of the following except a. creditors. b. investors. c. managers. d. other external users. 2. As of June 30, 2013, Actual Tigers Company has assets of $100,000 and stockholders' equity of $30,000. What are the liabilities for Actual Tigers Company as of June 30, 2013? a. $30,000 b. $70,000 c. $100,000 d. $130,000 3. The ending retained earnings amount is shown on a. the balance sheet only. b. the retained earnings statement only. c. both the income statement
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w 9B07N002 ENCANA CORPORATION: THE COST OF CAPITAL Ken Mark wrote this case under the supervision of Professors James E. Hatch and Larry Wynant solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage
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to interested persons Objectives / functions of Financial Accounting One of the main functions of financial accounting is the preparation of final accounts, also commonly referred to as financial statements. Pillars of Accounting Assets Liabilities Capital Revenues Expenses ASSETS Fixed Assets | Current Assets | * Tangible Assets Have physical existence * Land * Building * Parking Area * Plant & Machines * Equipments * Motor Vehicle
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“before” and “after” words for Account Category: Accrued Liabilities, and select the correct statement below: A. All of the “before” and “after” words are correct. B. All of the “before” and “after” words are incorrect. C. Some of the “before” and “after” words are correct and some of the “before” and “after” words are incorrect. 4. Look at the “before” and “after” words for Account Category: Unearned Revenue Liabilities, and select the correct statement below:
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From local stores to Amazon, Patanjali Products are everywhere. The product quality is best in breed, the prices competitive and the distribution chain is probably the first that is rivalling even the Cola majors. It is attracting consumers to your product, not by bombarding them with incessant ads (looking at you retargeting ad players) but by educating them on the general sphere where you operate. What many people forget is that the keyword here is ‘general sphere’! You cannot keep harping about
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Business Overview: 1.0 Matchone2Love is a new matchmaking service located in Fayetteville, NC. The business will start off small, until we reach a certain percentage of success. Our most valuable asset is our client list. Match making services are lacking due to unsuccessful results, Matchone2Love is looking to change that. Singles are willing to spend money because they are tired of looking for dates at bars. Professionals seek matchmakers because their work schedules hinder them from finding
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