CASE STUDY “MIELE” 1. What are the key resources that have made Miele a successful company so far? Which of these are Marketing Asset? 2. Miele are now facing more and more competition in a changing market. Do their resources provide them a sustainable competitive advantage? 3. What new resources might they need to develop/acquire to remain successful in the future? Jawab: LANDASAN TEORI Kasus ini menjelaskan backstage issue dari sebuah perusahaan Jerman, bernama “Miele”, yang bergerak
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FASB Codification Research Project #1 (a) Briefly describe how pension gains and losses are accounted for. According to FASB ASC 715-30-35: 35-21 Gains and Losses Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations and curtailments and other circumstances in which recognition of gains and losses as a component of net
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Exercises and Problems - Week Two ACC/291 University of Phoenix E9-1 A. In this scenario, with the cost principle, the purchase cost for the factory asset will have all bills necessary to get the asset and make it ready for its particular objective. B. 1. Property 2. Plant Machines 3. Delivery Machines 4. Land Renovations 5. Delivery Machines 6. Plant Machines 7. Prepaid Insurance 8. License Expenditure E9-7 A. 1. 2011: $3,500 2012:
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ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) 3. How is an intangible asset acquired as part of a business combination measured for initial recognition? Why? (2 Marks) 4. List two ways that fair value could be determined for intangible assets acquired
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Introduction to Fertilizer Industry of Pakistan Over the years, Pakistan’s economy has been heavily dependent on agricultural segment. It is considered to be the backbone of economy as it supports high percentage of GDP among other sectors, generating massive inputs for the agro based industry. During Fiscal year 2011, agricultural sector growth rate was 1.2% which supported huge sectors of economy like manufacturing, exports etc, which in turn resulted in increased consumption and has continued
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ACC 690 Final Project Guidelines and Grading Guide Consolidation Model Click below link for Answer visit www.workbank247.com http://workbank247.com/q/acc-690-final-project-guidelines-and-grading-guide/11908 http://workbank247.com/q/acc-690-final-project-guidelines-and-grading-guide/11908 ACC 690: Final Project Guidelines and Grading Guide: Consolidation Model Overview The final project for this course is the creation of an Excel spreadsheet model that shows the consolidation worksheet
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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Assignment 2 1. On February 7, 2014, a subsidiary sold land to its parent for $25,000, and showed a loss of $4,000. The parent sold the land to an outside party in 2018 for $30,000. At what amount should the land be shown on the December 31, 2014 consolidated balance sheet? How much gain/loss on the sale of the land should be reported on the 2018 consolidated income statement? 2. Sally Corporation (a 75%-owned subsidiary) owned a truck with an original cost of $12,000. It had been depreciated
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1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31,2010? In addressing this question, consider: * What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purposes of performing the recoverability test? 360-10-35-21 According to ASC 360-10-35-23 a long-lived asset or assets shall be grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent
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To: The Audit Files of Fuzzy Dice Inc. From: Megan Cosgrove Date: September 4, 2015 Subject: Accounting for the Acquisition of Tiny Tots LLC’s Assets Executive Summary On August 28, 2015, Fuzzy Dice Inc. (“Fuzzy” or “the Company” or “the Buyer”) acquired the rights to all of the assets of Tiny Tots LLC (“Tiny” or “the Seller”). The transaction is structured as a cash purchase, and it includes the acquisition of the Seller’s sole manufacturing facility, its fleet of delivery vehicles, and its
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