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Discussion - Explaining the Statement of Cash Flows.
Read the following scenario and use the information to help you answer the discussion questions that follow:
Scenario: You work for a large company in which the CEO is not entirely involved in the day-to-day workings of the financial department. As the CEO is walking through your department, he sees you working on a Statement of Cash Flows.
Intrigued, he asks "what's that you're working on?" Now, you are well aware of the importance and use of the SOCF within the business world. You are presented with the unique opportunity in explaining this to your boss.
1. What key points would you address with the CEO?
2. What makes those points so important?
3. Explain and cite all references use with any calculations or formulas use.
Journalize the following transactions, all securities purchased will be held for long term appreciation: Purchase 30,000 shares of XYZ company for $28.30 per share plus $1000 commission. XYZ company is traded on the New York stock exchange and has 1,..
Discuss any considerations to be borne in mind arising from the Companies Act in assessing the company's response to the current remuneration of the executive directors.
Using the residual income valuation model, compute the value of Morrissey Tool Company as of January 1, Year +1. What advice would you give Kelsey regarding her ownership of the firm?
Prepare the two adjusting entries required on December 31 to record the accrued interest expense and the accrued consulting revenue earned
A not for profit agricultural society received a gift on 1/1/14 of a tractor. The society plans to use it to cut grass in its 3000 acre demonstration agricultural farm. The gift had been purchased by the donor for $50,000 but had a fair value of $60,..
In the current year, Brain formed an equal partnership with Norman. Brain contributed land with an adjusted basis of $ 50,000 and FMV of $ 60,000. The land contributed by Bruce was encumbered by a $ 30,000 recourse debt. Brain also contributed $ 40,0..
At what amount should each investment be carried on the balance sheet at the end of the year? Explain your answers and show any calculations necessary to arrive at your answers.
Wallace and Simpson formed a partnership with Wallace contributing $92,000 and Simpson contributing $72,000. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. When the Income Summary is ..
Would you buy stock in this company? Are there questions you would want answered before answering the original question? What are the strengths and weaknesses of this company?
Parent Company owns 90% of the stock of Subsidiary company - prepare the appropriate eliminating entries for this transaction which would appear on the year-end December 31, 2005 worksheet.
The sales mix (as a percent of total dollar sales) of its three product lines is: birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. Illustrate w hat is the weighted-average contribution margin ratio?
Job order manufacturing and process are two major costing system used in manufacturing. Briefly contrast the characteristics of these two systems.
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