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"Origin, AGL and Energy Australia's profits under government scrutiny" by Cara Waters which was published in the Sydney Morning Herald on 25/8/2017
Question 1. Define the term "political costs" and explain how "political costs" may be imposed upon the energy companies referred to in the article as a result of their reported profits.
Question 2. Explain the comments of the then Energy Minister Josh Frydenberg in the context of PAT.
Question 3. How would PAT anticipate that the energy companies would respond to the comments of the then Energy Minister?
Question 4. Why did the media article not refer to the accounting policies of the energy retailers when their profit margins were discussed
Use the information provided in BE12-7. Assume that the fair value of the division is estimated to be $750,000 and the implied goodwill is $350,000. Prepare Waters' journal entry, if necessary, to record impairment of the goodwill.
The following is the Easton Company adjusted Trial Balance. Use this information to prepare the Single-Step Income Statement for the fiscal year
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it costs mackey company 22 of variable and 15 of fixed costs to produce one panini press which normally sells for 57. a
a. Calculate the issue price of the bonds. b. Without prejudice to your solution in part a, assume that the issue price was $884,000. Prepare the amortization table for 2008, assuming that amortization is recorded on interest payment dates.
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