User Account

All Pages

Explain why are the company employees not included

Assignment Help Financial Accounting
Reference no: EM133254230

The CEO of a large Australian company announced at a recent shareholders' meeting: 'Our people are our greatest assets.' If this is the case, with reference to the definition and recognition criteria of assets, briefly explain why are the company's employees (the people) not included in the balance sheet?

Reference no: EM133254230

Questions Cloud

Drumming and flute playing : Aponi is a gifted musician. Her father was also a talented musician, recognized for his vocals, drumming and flute playing.
Build a strong recruitment and selection strategy : Write an academic business report that will explain how you as the new HR VP of Insurance Canada West and your HR team can build a strong Recruitment
Executing the quantity take off function : Please discuss pertinent methodologies for executing the quantity take off function for the following activities:
About marginalized or under-represented characters : Is a term used to specify books about marginalized or under-represented characters created by authors and illustrators
Explain why are the company employees not included : The CEO of a large Australian company announced at a recent shareholders' meeting: 'Our people are our greatest assets.' If this is the case, with reference to
Determine the minimum number of texts : Joanna pays a flat rate of $74 for her cell phone and is charged $0.08 for every text she sends. Her goal is to spend no more than $96 on her phone bill each mo
Concept of right-of-offset : It describes the order in which assets should be distributed in the event of liquidation of a company and explains the concept of right-of-offset.
What are the two most frequently used methods : What are the two most frequently used methods to record the changes that occur in the composition of an association and what do they consist of?
Describe the normal spread of cardiac excitation : Describe the normal spread of cardiac excitation. What is the significance of the AV nodal delay?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Break-even sales and cost-volume-profit chart

Last year, Gelbin Inc. had sales of $263,900, based on a unit selling price of $130. The variable cost per unit was $100, and fixed costs were $42,300. The maximum sales within Gelbin's relevant range are 2,500 units. Construct a cost-volume-profit c..

  What the entry make is to assuming use the allowance method

Account Receivable balance of $100 has gone bankrupt and will not make any future payments. Assuming you use the allowance method, the entry you make is to

  What was the purchase price

A bond with $80 annual coupons is purchased at a discount to yield i =10%. The write-up for the first year is $2.97. What was the purchase price

  Allocation rate using the traditional costing system

Vintage Fun reproduces old-fashioned style roller skates and skateboards. The annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. The company has traditionally used direct labor hours to allocate ..

  Determine the revised amount of the last installment

A loan is being repaid by 15 annual instllments of 1000 each. Interest is at an effec- tive annual rate of 5%. Determine revised amount of last installment

  Market in lower-of-cost-or-market calculations

What is meant by "market" in lower-of-cost-or-market calculations?

  Variable costs and fixed costs-pretax income

A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold?

  Determine the proceeds of the note

On October 12, Belleville Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $70,000. Determine the proceeds of the note

  Explain balance sheet presentation of the fair value

Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.

  What is the sales revenue required to breakeven

How many customers do the restaurant need to serve in order to breakeven? What is the sales revenue required to breakeven?

  What effect will this action have on carmacks 2012

Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2011, using the aging of accounts receivable method.

  How much cash can mccloud company expect

Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, How much cash can McCloud Company expect

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd