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!
Question - The following excerpt is adapted from a SEC's cease-and-desist proceeding. For its FY11 year-end financial close process, LOGI recorded a $2.2M impairment loss for its inventory (50,000 units) based on an assessment that the net realizable value of the inventory is $249 per unit. The company's income tax rate is 20%.
Suppose you, as an experienced analyst covering LOGI, believe the net realizable value of the inventory should be $219 per unit and plan to adjust accordingly. What is the impact of your adjustments on LOGI's financial statements? In your answers, you need to (a) quantify the adjustment (i.e., calculate numerical figures of the impact) and (b) clearly indicate whether an adjustment is an increase (+) or decrease (-) to a balance sheet or income statement account.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd