MGT401 Solved midterm papers spring 2012 Question # 1 of 15 ( Start time: 05:49:17 PM ) Total M a r k s: 1 Which of the following option is/are TRUE with respect to the Disclosure requirement for intangible assets acquired by the way of Government grants? Select correct option: The fair value initially recognized Disclosure for carrying amount Disclosure for the amount of commitments for acquisition of intangible assets All of the given options Question # 2 of 15 ( Start time: 05:50:43 PM ) Total
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12 months Jul-27-2013 | Cisco | | in millions | | Total Assets | 101,191.00 | Total Liabilities | 42,063.00 | Goodwill | 21,919.00 | Other Intangible assets | 3,403.00 | Book value | 33,806.00 | | | Total outstanding shares | 5,351 | Book value/outstanding shares | 6.32 | | | Total Revenue | 48,816.00 | | TEV/ LTM REVENUE | | | | | Total revenue (in millions) | | Estimated TEV | HPQ | 0.49x | 0.49 | High | 1.8 | 48,816.00 | | 87868.8 | JNPR | 1.80x
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motor vehicles, office equipment, computers, and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents to trade secrets, customer lists/leads, noncompetition agreements, franchises, and goodwill. The accounting methods for PP&E is very similar to those of Current Assets, though there are significant differences in the costs to be capitalized according to GAAP (the "generally accepted accounting princiapals" as determined by the Financial
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Inventories IFRS and GAAP adopts different rules Inventory for using lower of the market method. Under GAAP, an entity should first pick the medium number amongst market ceiling (net realizable value, market floor (net realizable value minus normal profit), and replacement cost. Then compare that medium number with the cost of the inventory. Under IFRS, one only needs to compare the market ceiling value with the cost of inventory. According to the 2013, AT&T includes its inventory in “other
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Corporation on August 1, 2009, they needed to determine: 1) The consideration transferred, 2) The fair value of the assets acquired and liabilities assumed, and 3) The fair value to of intangible assets to be recorded, such as goodwill and the Baked Beans trademark. Applicable Accounting Pronouncements: ASC 805-10, Business Combinations ASC 805-30, Business Combinations ASC 805-20, Business Combinations ASC 820-10-36-10e, Fair Value Measurement 1. DETERMINING
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|Chapter 16 Test Bank | | | |DISSOLUTION AND LIQUIDATION OF A PARTNERSHIP | |
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31/03/2015 Australian School of Business Australian School of Business Objective Australian School of Business 1. Understand the mechanics of revaluing assets. 2. Understand the mechanics of impairment testing. 3. Revisit the accounting treatment of inventory. ACCT1511 4. Be technically competent in journal entries and T-accounts relevant to asset revaluation, intangible assets, and inventory measurement. Topic 5. Be able to identify the accounting principles relevant
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February 18, 2016 Research File Memorandum Prepared by: Certified Public Accountants Client: Smooth Sailing Subject: Fair Value Accounting – Asset Impairment Background: Smooth Sailing is a privately-held cruise operator. The company operates a sole cruise ship that was purchased using non-recourse debt from a bank. Nonrecourse debt is secured by the collateral. In the event of default, the lender can only seize the collateral and no further action can be taken against smooth sailing
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Calaveras Vineyards Case The appropriate TBV equations to calculate the firm’s WACC and FCF are: * R(after tax, wacc) = (E0/V0)rE + (D0/V0)rD (1-T) * FCF = TCF – corporate tax savings from deductable interest expense or * FCF = -NCPFA + Debt interest payment – corporate tax savings from deductible interest expense Below are the calculations for Calaveras Vineyards: * V1/1/1994 = (2,500)/1.126 + 357,000/1.126^2 + 463,000/1.126^3 + 590,000/1.126^4 + 780,000/1.126^5
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Paul Berro Accounting 473, Case 1 1-25-16 Fuzzy Dice INC. is a company that manufactures novelty items that are under high demand. Tiny Tots Toys produce educational toys for children and have filed for bankruptcy. Fuzzy INC would like to acquire all of the assets from Tiny Tots Toys but they do not know what to do with the factory after. They are thinking of refurbishing it and manufacturing novelty items. This is what happens in the business world; you buy and you sell, and once you get in
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