Ozone processor -This is considered as property, plant & equipment f) Cash in hand - The owner's investment in the business g) Knowledge in the field - This is considered as asset too as the knowledge in rearing empurau will bring in more profit 3. Every year The company intends to invest RM1 million per year for the next three years and plough back its profit to fund expansion of the farm’s infrastructure. Is profit cash? Explain. What accounting information would be useful to help LTT management
Words: 2835 - Pages: 12
Chapter 4 | Questions 4.3, 4.6, 4.9 (p. 139); | Problems 4.2, 4.4, 4.5 (pp. 140-141) | 4.3 * a.What are assets? Assets are items that either possess or create economic benefit for an organization. * b.What are the three major categories of assets? Current assets, long-term investments and net property and equipment. 4.6 * a.What is the difference between liabilities and equity? Liability is a fixed financial obligation of a business while equity is the book value of
Words: 729 - Pages: 3
are several types of financial statements and there are many uses for these statements that make them particularly useful in business. The many different types show information that is pertinent to the way that each report is used. The four types of statements are; income statements, retained earnings statement, balance sheet, and statement of cash flow. Most of these statements are very important because of the information that they possess. All of these statements are crucial to the ability of
Words: 651 - Pages: 3
scarce resources and on the status or resources and claims to resources. Because accountings have to report these organizations, the reports are done in a formal way called financial statements. The financial statements that are the main focused in this paper is the income statement, the balance sheet and the statement
Words: 1885 - Pages: 8
CHAPTER THIRTEEN The Cash Flow Statement and Decisions Review Previous chapters examined the information provided by the income statement, balance sheet, and statement of changes in owners’ equity. Fits Where This Chapter In addition, a brief introduction to the cash flow statement was provided in Chapters 2 and 3. Where This Chapter Fits This chapter examines the cash flow statement in depth and focuses on how the information provided by this important statement is used for financial
Words: 21767 - Pages: 88
Networks, Broadcast Television, Filmed Entertainment and Theme Parks.² The combined companies total 129,000 employees. Comcast has led the pack when it comes to cable operations. Especially in the last ten quarters. Their average operating cash flow growth has been 6.8% when they competitors have only managed 1.17%. When looking at the dividends offered year or year, there has been a consistent rise in per share price. This ranges from .063 per share dividend in 2009 to .195 per share as recent
Words: 2442 - Pages: 10
2/27/2015 Checkpoint | Document Checkpoint Contents Accounting, Audit & Corporate Finance Library Standards and Regulations FASB Codification Codification Presentation 230 Statement of Cash Flows 230-10 Overall 230-10-45 Other Presentation Matters Copyright © 2015 by Financial Accounting Foundation, Norwalk, Connecticut 230-10-45 Other Presentation Matters General Note: The Other Presentation Matters Section provides guidance on other presentation matters not addressed in the Recognition
Words: 4296 - Pages: 18
method for the cash flow statement. The key issues to be discussed in this assignment is about whether the option of using the indirect method of cash flow reporting is beneficial to the users of general purpose financial reports in Australia. Furthermore, the reasons for harmonization, accounting standard AASB 107 Statement of Cash Flows and the Conceptual Framework will also be discussed. In AASB 107, cash flow is defines as inflows of the cash and cash equivalents and ‘cash’ as cash on hand and
Words: 1282 - Pages: 6
main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time. Cash flow statements show the exchange of money between a company and the outside world also over a period of time. The fourth financial statement, called a “statement of shareholders’
Words: 2913 - Pages: 12
“Accounting for Cash Flow throughout the Business Utilizing Accrual Accounting Practices” Group 4 Kesha Smith Dave Rebar Amber Sabrina Tanisorn Ruengpinyophun February 17, 2012 Table of Content I. The Statement of Cash Flow II. The Statement of Cash Flow The statement of cash flow (SCF) is one major part of basic financial statements. The purpose of the SCF is to provide information about the cash receipts and cash disbursements of an enterprise that occurred during
Words: 931 - Pages: 4
