Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Financial statement effects of depreciation methods Answer the following questions using data from the Campbell Soup Company annual report in the appendix:
Required:
a. Find the discussion of Property, Plant, and Equipment and depreciation methods used by Campbell's on page 715. Explain why the particular method is used for the purpose described. What method do you think the company uses for income tax purposes?
b. Calculate the ratio of the depreciation and amortization expense for 2011 reported on page 713 in the Consolidated Statements of Cash Flows to the total cost (not net book value) of plant assets reported in the schedule shown on page 747.
c. Based on the ratio calculated in part b and the depreciation method being used by Campbell's, what is the average useful life being used for its depreciation calculation?
d. Assume that the use of an accelerated depreciation method would have resulted in 25% more accumulated depreciation than reported at July 31, 2011, and that Campbell's Retained Earnings account would have been affected by the entire difference. By what percentage would this have reduced the retained earnings amount reported at July 31, 2011?
Since each company’s strategy and operating environment is different, each company’s balanced scorecard will be unique. However, they will have some common characteristics. What are some of them? How is it used to achieve the company's goals?
What are the measurement focus and basis of accounting of governmental funds? What is the traditional rationale for basis of accounting (used in governmental fund statements) as opposed to, for example, either a full-accrual basis or a budgetary basi..
Unger Company uses the perpetual inventory method. Unger sold goods that cost $3,500 for $7,200. If the sale was made to a customer on account, the sale will:
compute the npv irr payback period accounting rate of return for the projectursus inc. is considering a project that
Total payroll was $472,500, of which $157,700 is exempt from Social Security tax because it represented amounts paid in excess of $106,800 to certain employees. The amount paid to employees in excess of $7,000 was $403,100. Income taxes in the amount..
ParentCo and SubCo are calendar year corporations that keep their respective books on the accrual basis. The companies have taxable income of $200,000 and $250,000, respectively, for tax year 2013. Calculate the consolidated taxable income and consol..
the company's receivable from Novinger Inc. is not collectible and thus management authorizes a write-off of $2,000. On 4th March, 2012, Tatum Co. receives payment of $2,000 in full from Novinger Inc.
advanced thermal ltd is proposing the construction of a new plant in thailand. it has recently completed a 100000
question 1. on 1st july 2012 the crocus company started construction of a new manufacturing plant. the plant was
Is involved in a situation with the controller. Assume that your organization is facing a similar situation and your supervisor has asked for your help in resolving it. You have been asked to present your recommendations at the next meeting with your..
Assuming that Little uses the straight-line method of amortization and that the bonds are appropriately classified as available-for-sale, what would net carrying value of the bonds be shown as on Little's December 31, 2007, balance sheet?
What is the name of the company? What is the industry sector and what are the operating risks of the company and what is the financial risk of the company (the debt to total capit
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd