Current Assets: Cash & Cash Equivalents $350 Accounts Receivable Gross 5,000 Less: Allowance for Uncollectible Accounts (700) Accounts Receivable - Net 4,300 Inventory 900 Supplies 35 Prepaid Insurance 425 Prepaid Rent 1,500 Marketable Securities 800 Total Current Assets 8,310 Long Term Assets: Goodwill 2,000 Long term Investments 5,000 Other Intangible Assets - Net 2
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A. 310-40-40 A creditor that receives long-lived assets that will be sold from a debtor in full satisfaction of a receivable shall account for those assets at their fair value less cost to sell, as that term is used in paragraph 360-10-35-43. The excess of the recorded investment in the receivable satisfied over the fair value of assets received (less cost to sell, if required above) is a loss that shall be recognized. For purposes of this paragraph, losses, to the extent they are not offset against
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RSM1320 – Financial Accounting FINANCIAL ANALYSIS TECHNIQUES (RATIO ANALYSIS) KEY POINTS TO KNOW 1) Financial analysis is ultimately contextual and purpose-driven. In other words, there is always a reason why you are performing the analysis. You need to be clear about the objective of the analysis. 2) The tools and techniques that you use will depend on your purpose. As we discussed earlier, analyzing the company as an investment opportunity (which generally focuses on indicators of profitability
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2013 10k the company’s total current assets were reported at $23,990 million. An increase from 2012, a reported total current assets of $21,910 million. The increase of total current assets increase means that P&G has increase their inventory. The total asset for 2013 increased from 2012 by $7,019 million. The increase of total assets was an increase in “property, plant and equipment, goodwill, trademarks and other intangible assets and other noncurrent assets” ("Proctor & Gamble", 2013).
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businessratioreport ©Key Note Ltd. 2011 All rights reserved No part of this publication may be reproduced, copied, stored in an electronic retrieval system or transmitted save with written permission or in accordance with the provisions of the Copyright and Patents Act 1988. Published by Key Note Ltd. 5th Floor Harlequin House 7 High Street Teddington Richmond Upon Thames TW11 8EE t: O845 504 0452 f: O845 504 0453 e-mail: reports@keynote.co.uk Stringent efforts have been made by Key Note Ltd
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Noncurrent Assets Ernest Respi ACC/400 June 25, 2012 Lane Groff Current and Noncurrent Assets Accounting is a way a business records transactions, keeps financial records, performs audits, and reports information. Accounting shows profits and losses for a business at any given time, it shows assets and liabilities. This is an important part of every business; a business must know exactly where all its assets and liabilities are in order to grow. Accounting provides the methods to track assets and
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defined as certificates of equal value that represent an undivided interest (proportional to the investor’s interest) in the ownership of an underlying asset (both tangible and intangible), usufruct, services or investments in particular projects or special investment activities. Through this concept, sukuk enjoy the benefit of being backed by assets, thereby affording the sukuk holder or investor a level of protection which may not be available from conventional debt securities. Furthermore, unlike
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| Ruckman, Inc.: Converting from U.S. GAAP to IFRS | ACTG 4240 – Assignment #4 | | Fannie Fang, Yingqi Gu, Ya Wang | 1/24/2013 | | Ruckman Part I Solutions Page 1. For each of the 16 items listed below, briefly describe the difference in GAAP treatment and IFRS treatment. Just start with this form and type in your responses in the appropriate cells. You don’t need to give too much detail, just enough so your client can tell the difference. 2. In the “Needed to Convert
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Print An Overview of Financial Statements and the Environments of Financial Reporting Accounting: The Language of Business | Relationships Among Financial Statements | Classifications in a Balance Sheet | Income Statement, Statement of Retained Earnings, and Statement of Cash Flows | GAAP and Key Accounting Principles | Balancing the Accounting Equation Accounting: The Language of Business Back to Top Do Not Underestimate the Power of Accounting! I vividly recall my first experience driving
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| | | | | | | | Assets | | | | |Current assets: | | | | |Marketable securities
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