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objectives of financial statementsthe fundamental purpose of financial statements according to aicpa is to offer qualitative financial information
unlike a rigid commitment providing where a price is set and a fixed monetary amount is predictable the underwriter makes its best efforts to sell as
benchmarkinga process by which a company reassesses its established business practices by comparing them with the best practices of other
bear marketbear market is a market in which stock prices are expected to
bank for international settlements bisa consortium bank recognized to coordinate the collection and rescheduling of german reparations after world
balance sheeta balance sheet is a statement for presenting an organization financial position at a particular date mostly at the end of an accounting
antidilution of ownershipthe right of an investor is to continue the same percentage ownership of an organizations main stock in the event that the
angelindividual investors which are often called angels make capital investments in entrepreneurial ventures in return for equity partial ownership
the book of deven verma could not be tallied the account transferred the difference of rs 1270 in the suspense account on the debit side the
2013 may 1st 1 started in bnusiness with capital in cash of 1800 and 4200 in the bank 2nd bought goods on credit from jward 600 pgreen
in cash flow statement deductions from cash expences and payments to creditor how do you get this
quest1use the general journal to journalize the following transactions completed during july of the current year 2post from the general journal
on 1015 the academy agreed to teach a four month class beginning immediately to an individual for 2200 tuition per month payable at the end of the
instructions 1 using the journal entry sheet provided record the transactions for january january is the first full month of
at the end of 2011 samuda reported a balance in account receivable of 620000 and estimated that 12400 of this account would likely be uncollectible
units unit cost unit sale price aug 3 sale45 83 8purchase75 52 21sale70 85 30purchase10 55 decorative
ken young and kim sherwood organized reader direct as a corporation each contributed 49000 cash to start the business and received 4000 shares of
astra company sells financial calculators and offers instruction on their use during its first year it expects to sell 3000 calculators at 30 each
accounting standards the flexibilities offered by a choice of accounting treatments distinctly diminish and even distort the comparability
ower invested cash in the company along with equipment at market value the amount is considered part of capital or
on october 5 2011 mara hotel collectedmthe amount of 180000 repreesenting advanced rental from a tenant who occupies space of the building the
the capital structure of wild west inc is as follows- debts 5000000 face value bonds with coupon rate at 800 and
a supplier to the electric utility industry produces power generators the transportation costs are high one
using the data from the dell computer annual report determine how dell calculated the four days supply of raw
the development stage entities topic specifies the guidelines for identifying an entity in the development stage addresses the applicability of