incurred an opportunity cost of at least $100. You might not consider that very significant. But suppose you discovered the next day that the car could have been sold for $9,500. You probably would consider the opportunity cost of $2,300 on an asset worth $9,500 significant. An important application of the Principle of Self-Interested Behavior is called agency theory. Agency theory analyzes conflicts of interest and behavior in a principal–agent relationship. Broadly speaking, a principal–agent
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ACC211 Brief Exercise 12 Click Link Below To Buy: http://hwcampus.com/shop/acc211-brief-exercise-12/ Brief Exercise 12-1 Celine Dion Corporation purchases a patent from Salmon Company on January 1, 2014, for $78,790. The patent has a remaining legal life of 17 years. Celine Dion feels the patent will be useful for 10 years. Prepare Celine Dion’s journal entries to record the purchase of the patent and 2014 amortization. Account Titles and Explanation Debit Credit Patents 78
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Kinh Do Corporation Report of the Board of Management and Audited consolidated financial statements 31 December 2009 Kinh Do Corporation CONTENTS Pages REPORT OF THE BOARD OF MANAGEMENT 1-4 AUDITED CONSOLIDATED FINANCIAL STATEMENTS Independent auditors’ report 5-6 Consolidated balance sheet 7-8 Consolidated income statement 9 Consolidated cash flow statement 10 - 11 Notes to the consolidated financial statements 12 - 44 Kinh Do Corporation REPORT
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however, relate to the purchase of capital assets or expenses related to the improvement of these assets. Capitalized expenses are not accounted for in the period in which they were purchased. These items are placed on the balance sheet as an asset and depreciated or amortized down in value on a monthly or yearly basis via a clearly defined depreciation method. Capitalizing operating expenses is logical for companies in situations where they acquire new assets with a long-term lifespan can spread out
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on current assets 一年内到期的长期债权投资 Long-term debenture investment falling due in a yaear 其他流动资产 Other current assets 流动资产合计 Total current assets 长期投资： Long-term investment： 其中:长期股权投资 Including long term equity investment 长期债权投资 Long term securities investment *合并价差 Incorporating price difference 长期投资合计 Total long-term investment 固定资产原价 Fixed assets-cost 减：累计折旧 Less:Accumulated Dpreciation 固定资产净值 Fixed assets-net value 减：固定资产减值准备 Less:Impairment of fixed assets 固定资产净额 Net
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date: july 8, 2013 ------------------------------------------------- The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) developed common lease accounting requirements to ensure that assets and liabilities from lease contracts are recognized in the balance sheet. August 17, 2010, the FASB issued Proposed Accounting Standards Update – Leases (Topic 840). Because leasing is an important source of finance, the board issued an Exposure Draft
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over the expected working lives of individuals and unamortized costs (for example, when an individual left the firm) were written off. Limitations * The valuation method is based on false assumption that the dollar is stable. * Since the assets cannot be sold there is no independent check of valuation. * This method measures only the costs to the organization but ignores completely any measure of the value of the employee to the organization (Cascio 3). Replacement Cost approach
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5/23/2013 | By Peou Prak, Rina Nugraha, Alice Yang | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Flight Centre Limited | Flight Centre Limited Fundamental analysis | Contents Objective 3 Introduction 3 Business and Strategy Analysis 4 Accounting Analysis 12 Financial Analysis 16 Prospective Analysis 18 Conclusion and Recommendation Appendices………………………………………………………………………………………………………………………………………26-31 No table of contents entries found. 1.0
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of a business. 2. (a) An asset is a probable future economic benefit owned by the entity as a result of past transactions. (b) A current asset is an asset that will be used or turned into cash within one year; inventory is always considered a current asset regardless of how long it takes to produce and sell the inventory. (c) A liability is a probable debt or obligation of the entity as a result of a past transaction, which will be paid with assets or services. (d) A current
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have a way to account for the difference between the tangible assets and the sales price and that is where goodwill comes into play. In a business combination, goodwill is measured as the difference between the price paid for an acquired company and the sum of the fair value of the identifiable net assets. In other words, goodwill is a residual asset, the amount remaining after fair values have been attached to the identifiable assets and liabilities of the purchased or merged company. The measurement
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