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Accounting and the Time Value of Money
1. Current and Future computations of a single sum of money 2. Current and Future computations of an annuity (ordinary and annuity due) By far the most common application of time value of money concepts in financial accounting and reporting is computation of present values, particularly annuities. Required:
1. Your task for this week is to get a copy of the latest 10K for your assigned public company (UnitedHealth Group Inc. (UNH)) and copy and paste at least two separate disclosure notes from the "Notes to the Financial Statements" (Except for the one that relates to Significant Accounting Policies) that mention the use of present values (whether directly or indirectly). Note - the term "Fair Value" does not automatically equate to present value. Please show the number/name and page number of each note
2. Please reply to this post by adding the name of the public company in your Subject.
Computation of Consideration for purchasing a running Business Firm - determine this amount. Under these conditions, how much should you offer O'Henry? Give your reason."
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Prepare the journal entry to record amortization expense for the first year. Show how this patent is reported on the balance sheet at the end of the first year.
What is consolidated net income for Sedona and Phoenix for 2013
Multiple Choice questions on Accounting Fundamentals and Preparation of adjustments, adjusted trial balance, financial statements
Evaluate the value of the goodwill if Stillman pays $1,361,800 for EKC.
Texark Inc., a calendar year taxpayer, reported $5,210,300 total income before tax on its financial statements prepared in accordance with GAAP How do evaluate taxable income with the above information?
The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Provided these facts, the number of units of product in the starting inventory last year must have been:
Determine the positions taken by Amos and Susan and by the IRS agent with respect to the Lear jet deduction.
Total recorded sales were $735,000. The portion of these sales that should be recorded as a tax liability and In the financial statements prepared at the end of the current year
Prepare the journal entry to establish the petty cash fund and At the end of April, the fund had $28 in it. The petty cash custodian presented receipts
Evaluate the basic and diluted consolidated EPS for the year ended 31 st December, 2014. Use quarterly share averaging.
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