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"Employees are your most valuable assets. They are the heart and guts of a company." Carlos Ghosn, the disposed chairman and CEO of the Renault-NissanMitsubishi Alliance, once said. However, employees are not listed as an asset in the statement of financial position of the company.
Required:
Question 1: Using the definition and recognition criteria of an asset under the conceptual framework of the Australian Accounting Standard Board (AASB), explain whether employees are considered assets of a company.
(Journal entries for an Internal Service Fund) The following transactions occurred regarding the Central Purchasing Fund, an Internal Service Fund.
Katarina Witt, Inc. manufactures skating equipment. As the controller of the company, determine the selling price of the bonds
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What were dividends per share paid by the firm in 2010 - Record your answer rounded to the nearest cent.
during 2014 lowes company sold equipment with a book value of 90000 for proceeds of 109000. the company purchased new
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