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There are currently no formal accounting standards for the reporting of social and environmental activities.
Students are to consider from the point of view Large Fund Investor.
What should be addressed in any proposed accounting standard for the reporting of social and environmental activities. Implications related to the objectives of financial reporting and the purpose of such a standard should be considered. Assume the stakeholders are in developed countries with established securities markets with advanced corporations' laws that already adopt IFRS.
Presentation speech: What is the difficulties will be encounted in implementing social activities policies? How accurate/reliable is the information in the financial statements?
What are the impacts on the company's business activities? How would this benefit these large fund investor?
Purchases for the year totaled $400,000; the cost of merchandise on hand at the end of the year was $80,000. Using the installment-sales method, make summary entries to record:
Prepare the entry to distribute the labor cost if the job worked on during overtime was a rush order, the contract price of which included the overtime premium.
What is Teresa's basis in the stock after distribution? What is her remaining "outside" basis in HT?
On August 1, Gridley purchased 140,000 shares and immediately retired the stock. On November 1, 200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2011?
After a partner decides to withdraw from a partnership, which of the following occurs when the withdrawing partner receives more cash than the amount in his or her capital account?
Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
CMW LTD is reviewing an investment proposal.The inital costs as well as ther estimnate of thde book value of the investment at the end of each year ,the net after-tax cash flows for each year and the net income for each year are presented in the foll..
Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.
Soft Cushion Company (SCC) is highly decentralized. Each division is empowered to make its own sales decisions. The Assembly Division can purchase a key component-stuffing-from the Production Division or from external suppliers.
Discuss the reason why financial statement users (financial analysts, for example) need information about segments of a firm.
Investments consist of treasury bills that were purchased in November and mature in January. Prepaid insurance is for the next two years. What amount should be included in the current asset section of Janson's December 31, 2009, balance sheet?
No accrual entries have been made for the vacations. No over-time premium and no bonuses were paid during the period. Prepare the appropriate adjusting entry for vacations earned but not taken in 2011.
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