Jamona Corporation Scenario Amy McIntosh ACC545 May 7, 2012 Hung Tran Jamona Corporation Scenario The following paper details the journal entries relating to the investments, inventory, fixed assets, and capital leases noted within the Jamona Corporation document. The attached excel document shows applicable schedules, financial statement handling, and any necessary note disclosures. Investments Purchase 1/1/06 Available-for-sale Securities $322,744.44 Cash $322,744.44
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Apple, Inc Financial Analysis Report Daunshae' Willrich Intermediate Accounting II Professor Wendy Achilles Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. The company also sells various related software, services, peripherals, networking solutions, and third-party digital content and applications. Products The company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio
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“Current Issues in Accounting” SEC Charges Terex Corporation with Accounting Fraud Table of Contents Introduction ----------------------------------------------------- 3 Discussion ---------------------------------------------------- 4 Conclusion ------------------------------------------------------ 5 References ------------------------------------------------------ 6 Introduction Terex Corporation (Terex) is a global manufacturer of a broad range of machinery equipment for
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26 28 31 33 35 38 40 42 43 44 46 47 Introduction Financial statement presentation Interim financial reporting Consolidations, joint venture accounting and equity method investees Business combinations Inventory Long-lived assets Intangible assets Impairment of long-lived assets, goodwill and intangible assets Financial instruments Foreign currency matters Leases Income taxes Provisions and contingencies Revenue recognition Share-based payments Employee benefits other than share-based payments Earnings
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debt restructuring is imperative. The manager of this company has requested an explanation of the above regarding bonds payable, notes payable, and capital leases. This paper should satisfy any questions about these topics. Long-Term Liabilities Included are several types of long-term liabilities; bonds payable, notes payable, and capital leases. Each of these types of debts have some similarities and some differences regarding the reporting and disclosure requirements, so to better understand those
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Striking the right balance • The FASB and IASB (the Boards) have proposed that substantially all leases be reported on a company’s balance sheet. In the income statement, the results of lease transactions would be recognized under a dual model—as either a financing (i.e., expense would be front-loaded) or ratably over the lease term (i.e., straight line expense). The recognition pattern generally would depend on whether the asset being leased is property (e.g., a building) or non-property (e.g.
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........................................................... 2 Financial statement presentation ..................................... 3 Interim financial reporting................................................ 6 Consolidation, joint venture accounting and equity method investees/associates ........................................... 7 Business combinations................................................... 13 Inventory ......................................................................
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operating lease for Company ABC. To accomplish this, I will discuss a little background on all of the options and the advantages and disadvantages of a lease. This will aid company ABC in determining the best course of action for acquiring equipment in the future. First, what is a lease? “According to the Federal Accounting Standards Board (FASB), a lease is an agreement conveying the right to use property, plant, and equipment usually for a stated period of time” (Lee, 2003). Essentially a lease is an
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Table of Contents * ------------------------------------------------- 1 Introduction * ------------------------------------------------- 2 History of GSPB * ------------------------------------------------- 3 Business in Bangladesh * ------------------------------------------------- 4 Mission Statement * ------------------------------------------------- 5 GSPB at a Glance * ------------------------------------------------- 6 Strength of GSPB * -------------------------------------------------
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the use of accrual basis vs. cash basis accounting? Choose 1 answer | | A. | | The cash basis of accounting considers all income for the year when it is earned and pays taxes on the gross income amount, regardless of when funds are actually collected. The accrual basis of accounting considers all income for the year when it is collected and pays taxes on that amount, regardless of when it is earned. | B. | | The accrual basis of accounting considers all income for the year when it
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