Assets

0.00 points On June 1, Cline Co. paid $892,000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying values for Renn’s assets and liabilities on June 1 follow: Cash $ 178,000 Accounts receivable 237,000 Capitalized software costs 374,000 Goodwill 110,000 Liabilities (201,000 ) Net assets $ 698,000 Note: Parentheses indicate a credit balance. On June 1, Renn’s accounts receivable had a fair value of $155,000. Additionally,

which is when companies prefer to take on more expense in the early life of the lease for future higher net income and tax benefits (Lease accounting: The long-awaited). Finance leases also deal with two types of expenses: amortization of right-of-use assets and interest expense on lease liability (Leases – Issues In-Depth). Since our company engages in both types of leases, it is important that our employees fairly report the changes to the financials. Initial direct costs will now be reported on the

notability higher, this may suggest the firm is not using its funds in an efficient manner. A firm that has a current ratio that is close to the industry average is performing well. (Ameritrade, 2004). Current ratio is calculated by dividing current assets by current liabilities. The current ratios for World Wrestling Entertainment, Inc. for 2002, and 2003 are, 4.3:1, and 4.2:1and 4.1:1. By using the general rule, the organization current ratios for all three years are well above 2.0. This means

and other liquid assets by the short term borrowings and current liabilities. They show the number of times the short term debt obligations are covered by the cash and liquid assets. If the value is greater than one it means that the short term obligations are fully covered. Generally, it is said that if the higher the liquidity ratios are then the company posses to meet its current liabilities.

FASB Accounting Standards Codification: 410 Asset Retirement and Environmental Obligations Abstract The purpose of this research paper is to summarize research on codification topic 410 based on the information found in different academic databases. The first part of the paper will focus on the FASB Codification database. The second part of the paper will compare and contrast three other databases on the same codification 410 within the RIA Checkpoint databases: AICPA: Auditing

transaction represents the acquisition ofa non-current asset? A. (10) B. (9) C. (4) D. (2) 5 Please see over Question 1 (cont.) 10. At the end of the accounting period, three months' interest is owing to the company on a tenn deposit with the bank. What is the effect of recording this interest at the end of the period? A. A liability increases and another liability decreases. B. An asset decreases and a liability decreases. C. An asset increases and revenue increases. D. None of the above is

ratio that measures a business’s ability to pay short term liabilities with their current assets. The formula for current ratio is : Current Assets / current liabilities The current ratio for Domestic Dog Homes is £40700 / £95000 which equals to 0.43 : 1. This is good as Domestic Dog

Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4, 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are

| 3,111 | 17.22% | | Goodwill | | | | 6,652 | 36.54% | | 6,684 | 37.00% | | Other Intangible Assets | | 3,607 | 19.81% | | 3,532 | 19.55% | | Other Assets | | | 1,775 | 9.75% | | 1,684 | 9.32% | | | | | | | | | | | | Total Assets: | | | 18,207 | 100.00% | | 18,066 | 100.00% | | | | | | | | | | | LIABILITIES: | | | | | | | |

necessary. Secondly, we will examine how appropriate the model is for the fund. Lastly, we will discuss how to determine any inconsistencies if a mean-variance model is used. Expectations for medium term returns The market portfolio consisted of 8 asset classes 1 , in which we used an adjusted allocation size based on APRA