a firm’s operating, investing, and financing activities. The latter is the purpose of the statement of cash flows. The statement of cash flows reports changes in the investing and financing activities of a firm. Significant changes in property, plant, and equipment affect the structure of assets on the balance sheet, for example, the age of the assets. Significant changes in long-term debt or capital stock affect the maturity structure of debt and the mix of debt versus shareholder financing.
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ENDED 2014 Current assets Cash $232,890 Accounts receivable (net) 342,890 Inventory (lower-of-average-cost-or-market) 403,890 Equity investments (trading)-at cost (fair value $123,660) 143,660 Property, plant, and equipment Buildings (net) 573,660 Equipment (net) 163,660 Land held for future use 178,660 Intangible assets Goodwill 82,890 Cash surrender value of life insurance 92,890 Prepaid expenses 14,890 Current liabilities Accounts payable
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Leases: Practical implications of the new Leases Standard Introduction The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) (the Boards) are working together to improve the accounting for leases. In an effort to achieve this objective, the Boards reached a common ground that a customer (lessee) leasing assets should recognise assets and liabilities arising from those leases, including leases that are off balance sheet today. The Boards jointly published
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Activities. Operating activities include the cash effects of transactions that create revenues and expenses. They thus enter into the determination of net income. Investment activities include (a) acquiring and disposing of investments and property, plant, and equipment, and (b) lending money and collecting the loans, and financing activities include (a) obtaining cash from issuing debt and repaying the amounts borrowed, and (b) obtaining cash from stockholders, repurchasing shares, and paying dividends
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CHAPTER 10 PLANT ASSETS, NATURAL RESOURCES, AND INTANGIBLE ASSETS SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY Item 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. sg st a SO 1 1 1 1 1 1 2 2 2 2 2 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 BT K K K K K C C K C K K C K AP C C K C AP AP AP AP K C C AP K C AP AP K K K K K C K C K Item 13. 14. 15. 16. 17. 18. 19. 20
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31,000 Inventory 47,000 Total Current Assets 97,700 Total Current Assets 107,900 Property, Plant & Equipment 100,000 Property, Plant & Equipment 95,000 Less: Accum. Depreciation 16,500 83,500 Less: Accum. Depreciation 15,000 80,000 Total Assets
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the customer a 15 day grace period after the initial 31 days. This would be an average of 46 days to collect payment. Out of the 5 company’s B had the only reasonable amount of 48 collection days. Company B also had a high percentage of property plant and equipment which we be expected when one produces electric services for an entire city or state. Also when looking at industry standards electric utility companies had a standard debt/asset ratio of .61, company B had a ratio of .65. Company E–
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Fixed Assets in property, plant and equipment? d. Who has high accounts payables due to high salaries? e. Who has the majority of their assets booked as financial assets? 2. Next look at Accounts Receivables and Inventory Turn Over for the product businesses f. Who has the lowest AR and highest Turn? g. Who has the lowest AR and lowest Turns? h. Who takes the longest to collect their Accounts Receivables? 3. Next look at the Plant & Equipment and Net Profits
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Snyder’s-Lance is a snack manufacturing company that has recently acquired new companies to grow their brand of product. They produce pretzels, chips, crackers and a wide variety of other snacks. Snyder’s Lance auditing firm is KPMG LLP independent auditing firm. They provide a clean opinion on the financial statements. They are objective supporting their findings with evidence. The company grew over 50% from 2011. During 2012 Snyder’s-Lance acquired Snack Factory LLC for $343.4 million
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Annual Report 2009 Aspire Lead Grow Directors’ Report TO THE MEMBERS The Directors of the Company are pleased to present their Report together with the Audited Accounts of the Company for the year ended December 31, 2009. DIRECTORS The Directors retiring by rotation under Articles 109, 115 and 116 of the Articles of Association of the Company are Mr. S. H. Kabir and Dr. Sarwar Ali who, being eligible, offer themselves for re-election. BUSINESS ACTIVITIES Turnover during
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