SOAD DAHDAL AMERICAN INTERCONTINENTAL UNIVERSITY PRESENTING BUSINESS PLANS MGMT422 – 1202A - 02 ADVANCED ENTREPRENEURSHIP 04/22/12 Table of Contents I. Table of Contents……………………………………………………………….2 II. Executive Summary……………………………………………………………..3 III. Introduction …………………………………………………………………….4 IV. Business Description…………………………………………………………….5 V. Description of Proposed Product………………………………………………..6 VI. Definition
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be excluded from current liabilities if the entity intends to refinance the obligation on a long-term basis”, and “After the date of an entity's balance sheet but before that balance sheet is issued or is available to be issued, a long-term obligation or equity securities have been issued for the purpose of refinancing the short-term obligation on a long-term basis. If equity securities have been issued, the short-term obligation, although excluded from current liabilities, shall not be included in
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also an asset. Cause it is treated as an asset to create income in future time. Liabilities: Liabilities are claims against assets that is existing debt and obligations. All business purchase merchandise on credit and borrow money from different sources to conduct their business. For example purchase on account is called account payable. Notes payable, wages payables, sales payable are also called liabilities. And the creditors claim must be paid before owners claims. Owner’s equity:
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Characteristics of a liability 1. It embodies a duty or responsibility 2. There is little or no discretion to avoid a future transfer or use of assets to satisfy the obligation, and 3. The obligating event has already occurred. In June 2001 the FASB issued a Statement No. 143, Accounting for Asset Retirement Obligations requiring entities to record liabilities for tangible, long-lived assets that must be retired or disposed of in a specified way by law or contract. Such liabilities are known as Asset
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company. ___R__ summarizing economic events. Exercise E1-5 Meredith Cleaners has the following balance sheet items. Accounts payable Incorrect Liabilities Accounts receivable Correct Assets Cash Correct Assets Notes payable Incorrect Liabilities Cleaning equipment Incorrect Asset Salaries payable Incorrect Liabilities Cleaning supplies Correct Assets Common stock Incorrect Stockholders equity Exercise E1-12 Income Statement Advertising
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Charles’ Clamps Corporation Charles’ Clamps Corporation Western Pennsylvania Date of Submission 31/12/1984 A case analysis on “Charles’s Clamps Corporation Structuring Short term Liabilities: Sequential Method” Date of Submission: 21/05/2012 Submitted To: Md. Monzur Morshed Bhuyia Associate professor Department of Finance Jagannath University Submitted By: Group No. 10 (E.I.C) LIST OF GROUP MEMBERS ROLL NO | NAME | CGPA | WORK LOAD | CASEWRITE UP | PRESENTATION | TOTAL
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22,352 | | | | | LIABILITIES & EQUITY | | | | Current liabilities | | | | Accounts payable | $ 10,064 | | $ 9,858 | Accrued liabilities | 2,912 | | 2,839 | Short-term debt | 163 | | 690 | Current portion of long-term debt | 427 | | 33 | Total current liabilities | 13,566 | | 13,420 | Long-term liabilities | 1,119 | |
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2007 (,000) Current liabilities $ 554,114 Convertible subordinated debt 648,020 Total liabilities 1,228,313 Stockholders' equity 176,413 Net income 58,333 (a) Compute the following ratios: Return on Assets = Net Income / Total Assets Total Assets = Total Liabilities + Stockholders’ Equity = 1,228,313 + 176,413
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Case No. 7 – 3 Stafford Press 1. Analyze the effect of each of these transactions on the items in the balance sheet and income statement. For transactions that affect owner’s equity, distinguish between those that affect the net income of the current year and those that do not. In most cases, the results of your analysis can be set forth most clearly in the form of journal entries. 1.) Amount in dollars ($) Land | | 34,004 | Building | 350,064 | | Accumulated Depreciation | 199,056 |
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between AT&T and its three main competitors Verizon Communications, Sprint Nextel and T-Mobile, which is a subsidiary of Deutsche Telekom. Beginning with AT&T's balance sheet, we see that total assets decreased from 2007-2011 (-1.95%), total liabilities increased 2.66% and stockholders equity decreased (-9.32%). This is not a huge change, especially over five years. In actuality, considering the financial climate of the current economy, this is not a startling change. The current ratio of AT&T
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