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Collison (1998:7) states that "Attention to the interests of shareholders above all other groups is implicit in much of what is taught to accounting and finance students. The very construction of a profit and loss account is a continual, and usually un-stated, reminder that the interests of only one group of stakeholders should be maximised. Indeed it may be very difficult for accounting and finance students to even conceive of another way in which affairs could be ordered, even at the algebraic level, let alone the moral"
1. Do you agree or disagree with Collison, and why2. If ‘profit' maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators? 3. What might be some of the alternative measures of performance?4. Would Collison's comments provide a justification for moves towards profit measures that incorporate ‘full costs' (considers the externalities of business)?
Prepare the allocations schedule and the S&A consolidation journal entry for the December 31, 2009 consolidation worksheet.
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In which fund or funds, would you report the transactions related with the federal grant and school district match? Would they be accounted for in the same fund? What factors influenced your decision?
There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. Illustrate what were the equivalent units for conversion costs in the assembly dept. for the month?
Evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale - research the Internet or Strayer databases for information related to business systems th..
Journalize the transactions for Horner Corporation and Prepare a cash distribution schedule
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. Illustrate what is the amount of character of Butte's gain or loss?
Discuss the revenue principle and the matching principle as per the generally accepted accounting principles (GAAP) and contrast the percentage-of-completion method of revenue recognition versus the completed contract method.
The classification of receivables and how companies handle uncollectible accounts - Review a sample of financial statements submitted by an SEC registrant.
Hazy Days Pool Park must replace its pool pump at a cost of $180,000. The pump has a useful life of 10 years with an $8,000 salvage value.
Can you get a copy of the full text of a GASB statement from this site? If not, how would you obtain a copy of GASB statement no. 34? Illustrate what is the cost to purchase a statement?
Assuming Denny is correct, what is the expected income for the upcoming year? Assuming Austin is correct, what is the expected income for the upcoming year?
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