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Imagining the Fourth Financial Statement using Big Data
- Briefly discuss the development and purpose of the three main financial statements: 1) Cash Flow; 2) Income; 3) Balance Sheet.
- Discuss what these traditional financial statements do well as well as the limitations of these financial statements for valuing information/knowledge age companies
- Briefly discuss current attempts to develop a fourth financial statement e.g., attempts to measure intangible or knowledge-information assets or liabilities
-Propose your own solutions or methods for developing this fourth financial statement
-Discuss the strategic implications i.e., how could the development or use of this new financial statement make you or your company money.
Provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.
Prepare the journal entry for Sorter Company to write off the Ordonez receivable. When writing the journal entry use Dr. for debit and Cr. for credit.
In the current year, Spring Corporation, a closely held personal service corporation, has $120,000 of passive losses, $70,000 of active business income, and $50,000 of portfolio income. How much of the passive loss may Spring deduct in the current..
What is the age limitation for a student and a non student? What is the income limitation for a dependent? Who is a qualified child?
Explain the advantages and disadvantages of each set of performance measures. How do they must design the organizational architecture to control the agency problems?
Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?
Reorder point under conditions of uncertainty given. Find out the low-cost reorder point under conditions of uncertainty given the following information:
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.
According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?
What are the steps of the accounting cycle? Why is it necessary to make adjusting entries at the end of each accounting period? What would happen if all of the steps of the accounting cycle were not completed in a specific accounting period?
Which description best fits Chester in your industry? For clarity: - A differentiator competes through good designs, high awareness, and easy accessibility. - A cost leader competes on price by reducing costs and passing the savings to customers.
For the longest time, companies offered the employees who stayed with the company for many years a defined pension plan for to help them retire when it was time. That time has since passed and companies now offer a defined contribution plan instea..
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