Chapter 13 1. A corporation issued shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: A credit to paid- in Capital in excess of par value, common stock for $24,000. 2. A corporation issued 300 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistance in filing its charger with the state. The entry to record this transaction will include: A $300
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Islamic Money Market Definition Most of the firms, company and individuals are seeking for the pure markets, which eliminate interest and other prohibited products. In consequence to this, Malaysia especially Central Bank of Malaysia has made an effort of making the Islamic Money Market as one of the vital market as compared to conventional money market. The underlying philosophy of the Islamic Money Market is to further strengthen the institutional structure of Islamic banking operations. Achieve
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face many risks due to political uncertainty of foreign country, economic problems, cultural and language barriers, foreign exchange risk, price risk and so other risks. Among the most common risks are faced by organizations involve in international business: Foreign Exchange Risk; Price Risk; 2.1.1::Foreign Exchange Risk: Foreign exchange risk (also known as exchange rate risk or currency risk) is a financial risk
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------------------------------------------------- Financial System of Bangladesh The Financial System is a set of institutional arrangement through which surplus units transfer their fund to deficit units. At present the financial system in Bangladesh is mainly composed of two types of institutions like banks and non-bank financial institution (NBFIs). The formal financial sector in Bangladesh includes: (a) Bangladesh Bank as the central bank, (b) 48 commercial banks, including 4 Government owned
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Introduction: In a global economy fueled by advances in telecommunications and information technologies, offshore outsourcing is evolving from conventional international-trade practices. Every year US companies outsource their task to other countries where they can get their task done by labors at a cheap rate. IT companies can save up to 30 percent in operational expenses when compared to a US-based operations. So, setting up a business in those countries where labors are cheap can be
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By 1988 Bond owned 49.5% of CTC stock. They planned to increase the number of service lines, add cellular service and high-speed data transmission networks. Why does CTC need funds? Are internal funds sufficient to meet the needs? Can CTC raise funds in its own country? What are the potential sources of funds in Chile? In April of 1990 CTC had embarked upon an aggressive expansion program that required substantial capital resources putting the company into a financially challenging dilemma
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rises as many counties try to lessen their dependence on U.S. dollar. P.B.O.C. uses different instruments to drive expansion of RMB, weakening the U.S. dollar monopoly in the basket of the world reserve currencies. By 2013, the RMB is the 8th most traded currency in the world. On 17 August 2010, PBoC issued policy to allow Central Bank, RMB offshore Clearing Banks and offshore Participating Bank to invest the excess RMB in debt securities, in onshore Inter-bank Bond Market. In October, China further
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3. Term structure of interest rates and yield curves B. Pricing of Bonds 1. Bond valuation model 2. Annual compounding 3. Semiannual compounding 4. Accrued interest VII. Mutual Funds and Exchange-Traded Funds A. The mutual fund concept 1. Overview of mutual fund a. Pooled diversification b. Active vs passive management c. Performance of
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investing their funds to the organizations. “Businesses feel the pressure to appear profitable in order to attract investors and resources, but deceptive or fraudulent accounting practices often lead to drastic consequences” (Krantz, 2002, para. 1). In the early 2000s, Congress passed the Sarbanes-Oxley Act of 2002 (SOX) due to the numerous corporate scandals explosions, Enron Corporation was one of the most notable companies to crash. Basically, in 1990s Enron and numbers of publicly-traded companies
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Financial Reporting JOHNSON & JOHNSON ($ millions) (a) The cost of building and building equipment at the end of 2011 was $9,389. (b) As indicated in footnote number 1 to the financial statements, the company utilizes the straight-line method for financial statement purposes for all additions to property, plant, and equipment. Given that straight-line depreciation provides a lower charge for depreciation as compared to an accelerated method in the early years of an asset’s life, the
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