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How to determine the market economy
Within a market economy there are strong competitive forces at work which ensure that failure to enhance owners' wealth won't be tolerated for long. Competition for funds provided by the owners and competition for managers' jobs would normally mean that owners' interests will prevail. If managers don't provide expected increase in ownership wealth, owners have the power to replace existing management team with a new team which is more responsive to owners' needs.
What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? G
The market value of a bond is equal to: The present value of all future cash payments provided by a bond The present value of all future interest payments provided by a bond The pr
Unqualified Opinion - AUDIT opinion not qualified for any material scope restrictions nor departures from GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). AUDITOR may issue an unqu
Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material
Do we recognise revenue if it will be assigned to other party ?
notes on Gaap principles
Wilson Wonders's bonds have 15 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds sell at a pri
Before nominations for a board position should the annual report be available
An item of plant was purchased for $100,000 on 1 January 2009. At that time its estimated residual value was $5,000. At 31 December 2009 prices, the residual value was estimated at
Q. Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may
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