accounting equation is, Assets = liabilities + owners’ equity. Each of these element assets, liabilities, owners equity has their own exclusive purpose within the accounting equation. Each side of the accounting equation should balance at all times. The balance sheet is where this equation is normally used. Assets Anything of value that a company owns including material goods property cash are considered to be an asset. More than a few types of assets exist, such assets are as follows: present
Words: 598 - Pages: 3
equity. The pre and post recap balance sheets as of 2004 are shown below. Balance Sheet | Pre-Recap | Post-Recap | | Cash & Short Term Investments | $3,002 | $3,002 | | Current Assets | $4,884 | $4,884 | | PP&E | $2,712 | $2,712 | | Other Assets | $4,300 | $4,300 | | Total Assets | $14,898 | $14,898 | | | | | | | Current Liabilities | $3,776 | $3,776 | | Total Interest Bearing Debt | $3,529 | $7,529 | | | Of Which: Long-Term Debt | $2,559 | $6,559 |
Words: 1820 - Pages: 8
following: the company’s total assets, its significance, the amount of cash or equivalent and the amount of accounts payable the company had, the net revenues for the last three annual reporting period, changes in dollar amount from 2011 to 2012, total assets from the previous year and current assets as of 2013. Most importantly, why the information provided would be important to a potential investor or employee. In 2011, Barnes & Noble reported total assets valued at $3,596,466 and in 2012
Words: 648 - Pages: 3
Hedging Inflation Taxes Financing Growth and Expansion 1. Assets = Liabilities All resources are owed to someone: they belong to someone. 2. Assets = Owner’s equity + (Outsiders’) Liabilities We separate the liabilities because outsiders’ claims have to be settled first. Owner’s get the residual value. If assets increase (owing to operations), owners’ equity increases. If assets fall in value, owners’ equity falls. 3. Assets = Owner’s Equity + LT Liability + ST Liability We separate the liabilities
Words: 449 - Pages: 2
The Financial Detective Friday, April 17, 2009 Health products On the basis of trade receivables , inventories, fixed assets, payables , income and the ratio of inventory turns , it seems that Company A is more important than company B. Company A received so little a budget for research and development more important. Company B would be another commercial basis by a diverse mass production sold in supermarkets . First on trade receivables , we see that Company A owns a third more than
Words: 2403 - Pages: 10
Dollar Tree Financial Statement Analysis DeVry University 8/19/12 Table of Content Introduction-------------------------------------------------------------------------------------------------------------------3 Question 1--------------------------------------------------------------------------------------------------------------------3 Question 2--------------------------------------------------------------------------------------------------------------------4 Question 3----------
Words: 3622 - Pages: 15
Chapter 3 The Balance Sheet and Financial Disclosures AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise, and problem in Intermediate Accounting, 7e with
Words: 12378 - Pages: 50
The assets of the company can be classified into the two heads, namely the current assets and noncurrent assets. Current assets refers to the assets that will provide benefits to the firm not more than one year or the assets that are expected to be converted into the cash into one year (Current Assets, 2013). Current assets will include the cash and other assets that are likely to be converted into the cash or more likely to be used up within one year or one operating cycle, whichever is greater
Words: 878 - Pages: 4
customers. The U.S. government granted the Company emission allowances (“EAs”) of varying vintage years (i.e., the years in which the allowance may be used) to be used between 2010 and 2030. Upon receipt of the EAs, the Company recorded the EA’s as intangible assets with a cost basis of zero. The Company currently emits a significant amount of greenhouse gases because of its antiquated manufacturing facilities. The Company plans to upgrade its facilities in 2014, which will decrease greenhouse gas emissions
Words: 1229 - Pages: 5
ARM HOLDINGS PLC REPORTS RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2013 A conference call discussing these results will be audiocast today at 09:30 BST at www.arm.com/ir CAMBRIDGE, UK, 22 October 2013 —ARM Holdings plc announces its unaudited financial results for the third quarter and nine months ended 30 September 2013. Q3 2013 – Financial Summary Revenue ($m) Revenue (£m) Operating margin Profit before tax (£m) Earnings per share (pence) Net cash generation (£m)** Effective
Words: 8204 - Pages: 33
