ISSUE: Accounting for Fuzzy Dice Inc. acquisition of Tiny Tots Toys LLC related to decision (1) to use purchased facility to enter another business line or (2) renovate the facility to expand the current production. BRIEF BACKGROUND OF COMPANY Fuzzy Dice Inc. (“Fuzzy” or “the Company”) manufactures novelty items that it distributes to wholesalers and large online and direct-mail retailers. Fuzzy operates in an area where several other light manufacturers operate, one of which is Tiny Tots Toys
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When comparing the total assets to the end of the previous annual reporting period of September 29th, 2012, Apple Inc. had reported $176,064,000. That was an increase of $30,936,000. The total amount of cash and cash equivalents that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $14,259,000. The total amount of accounts payable that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $22,367,000. The
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Starbucks Annual Report and SEC Filings Shawn Casto, Jessica Ferraro, Leslie Haynes Samantha Eason, Cyntia Portal UOP Finance for Business FIN/370 Dr. Dana Williams February 15, 2014 Starbucks Annual Report and SEC Filings Starbucks first opened their doors in 1971, and since then they have felt a responsibility to make a positive impact one person, one cup, and one neighborhood at a time. Starbucks has grown to now more than 18,000 in over 60 countries; they recognize that commitment
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analysis and interpretation of business and financial performance has interested me and I want to learn more about and it is the topic I feel most comfortable with having completed my ACCA studies. Writing reports and analysing business performance was covered in papers F7 and P3 and through this report I will have the opportunity to enforce practically the knowledge acquired. Moreover undertaking this research project will improve my performance at work and enhance my professional and communication
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Professor Rufus Robinson Assignment 3: Business-Level and Corporate-Level Strategies Business 499 February 17, 2014 The business that I chose to research is General Electric. GE is one of the oldest and largest businesses in the United States. They are ranked #26 largest firm in the U.S and the 14th most profitable. GE is a massive, diversified and profitable conglomerate with a lot of very good but unrelated businesses. GE has expanded to incorporate television, airplane engines, medical
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How to measure the quality of voluntary disclosure in annual reports The goal of voluntary disclosure is to give more information than required of reporting standards. This to create more disclosure (Scott, 2009, p.109). Although voluntary disclosure provides more information than required, the earnings quality can be questionable. Earnings quality can be defined as the extent to which reported earnings faithfully represent Hicksian income (Schipper and Vincent, 2000). The Hicksian income
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Effect of Unethical Behavior Article Analysis ACC/291-Principles of Accounting II June 24, 2013 Dale Wilson Having the correct accounting information in a financial statement gives a business owner certain advantages, such as information on financial transactions. If a business owner has information on when the sales or expenses are increasing or decreasing, he can make decisions that can benefit the company’s bottom line. The same cannot be true if he does not have accurate, or reliable
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52 Current Ratio-Unaudited 2009 128,867/23,807= 5.41 2008 130,026/8,380= 15.52 I disagree with the annual report because the audited and unaudited amounts are different and do not match on the financial statement. Quick Ratio-Audited 2009 81,782/23,807= 3.44 2008 79,517/8,380= 9.49 Quick Ratio-Unaudited 2009 81,782/23,807= 3.44 2008 41,851/8,380= 9.49 I agree with the annual report because both the audited and the unaudited amounts remained the same with no negative amounts. Days
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from the bottom and rose to become the CEO. In her influential speech, she has disclosed the company’s annual report proving the employees and to the public that the company’s performance is changing for the better and the results from the worker's achievements. According to a previous class in Phoenix, Accounting, Generally Accepted Accounting Principles (GAAP) provides company annual reports to the public, but in some part of Asia these information are not public. Ching’s bold decision to make
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Assignment 1 Financial accountability and reporting journal report The article I choose is titled ‘ASIC get tough on financial reports’. It is about ASIC find some problems after reviewing the annual financial. There are three main problems appear in this article. First is value asset, due to the financial globe crisis impact Australia market, company have a low level of asset impairment, some company disclose the minor information which could mislead the investor’ decision making
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