Pfab portugal football association board is recognized as a

Assignment Help Accounting Basics
Reference no: EM13482596

PFAB (Portugal Football Association Board) is recognized as a non-profit organization. The main objective of association is to uplift the performance of its national football team and promote this game in the country. However, other responsibilities are also include the making of effective decisions with regard to managerial and financial domains. As a non-profit organization, it is also responsible to publish its financial statements in accordance with International Accounting Standards and Local Laws. "Christiano Ronaldo" is one of the world's renowned and star footballers of Portuguese team which enabled the association to generate huge funds by using his fame. He has announced to retire soon after "FIFA World Cup 2010" held in South Africa.

Required to identify whether this information is relevant to disclose when PFAB will publish its financial statements as annual report or not? Your comments must be confined in two lines.

Reference no: EM13482596

Questions Cloud

During january 19000 units were completed and transferred : during january 19000 units were completed and transferred. at january 31st 6500 units remained in work in process that
The bootsie holding company has sales exceeding 10 billion : the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales
Nemani corporation is projecting a cash balance of 41785 in : nemani corporation is projecting a cash balance of 41785 in its december 31 2013 balance sheet. nemani schedule of
Karsen company produces a pain medication that passes : karsen company produces a pain medication that passes through two departments mixing and tableting. karsen uses the
Pfab portugal football association board is recognized as a : pfab portugal football association board is recognized as a non-profit organization. the main objective of association
Assume the following the real risk-free rate r is expected : assume the following the real risk-free rate r is expected to remain constant at 3. inflation is expected to be 3 next
Started in process 9200 units completed and on hand : started in process 9200 units completed and on hand 700units in process at end of period 1000 units complete as
If the first payment into the fund occurs today what : sally medavoy will invest 7470 a year for 20 years in a fund that will earn 10 annual interest. if the first payment
Schlamber company factory overhead rate is rs2 per hour : schlamber company factory overhead rate is rs.2 per hour. budgeted overhead for 3000 hours per month is rs. 8000 and

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the effect of the equipment lease

Tranquility, Inc., an exempt organization, leases factory equipment to Blouses, Inc. Blouses is a taxable entity that manufactures women's clothing for distribution through upscale department stores.

  The following accounts were taken from the unadjusted

the following accounts were taken from the unadjusted trial balance of orion co a congressional lobby firm. indicated

  Pension funds of a private company

Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. And whether the U.S. Federal Government should guarantee and state your rationale.

  Determining cafr financial statements

The City of Springfield has three pension plans: a locally administered police plan for which it is trustee, a statewide cost sharing plan, and a statewide agency plan. The City would include in its CAFR financial statements for:

  Instance from the manufacturing industry

Provide examples from the manufacturing industry of: a) a journal entry that would be recorded that impacts the balance sheet. b) a journal entry that would be recorded affecting the income statement.

  The fraudulent financial statements of lehman brothers

From the third and fourth e-Activities, take a position whether Ernst & Young should be held liable in relation to the fraudulent financial statements of Lehman Brothers. Provide a rationale with your response

  Relationship between gift and estate taxes

Discuss how gift and estate taxes are "unified." What is the impact of taxable gifts on the donor's death tax base?

  Absence of an agreement to the contrary

Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.

  Contribution margin per unit of limited resource

Ace Company sells office chairs with a selling price of $25 and a contribution margin per unit of $15. It takes 3 machine hours to produce one chair. How much is the contribution margin per unit of limited resource?

  Deployed for the production of other compressor

What is the maximum acceptable purchase price if the plant facilities are fully utilized a present and and if any additional available capacity can be deployed for the production of other compressor?

  What is the journal entry that should be made

A firm lends $10,000 for 5-years with no stated interest rate. The market rate of interest at the time would have been 5%. What is the journal entry that should be made a. at the time the money is loaned and b. at the end of the first year of the ..

  Estimate the stock current market value

Nachman Industries just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in year 3 and thereafter. The required return on this low risk stock is 9%. What..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd