because the Emission and the cost of emission allowances have indetermination lives and inherent in a continuing business , the emission allowance is recognized as expense when incurred. In conclusion: If the emission allowance is recognized as expense when incurred , expense is noncash item, it is reconciled net income in the operating activities so that the
Statement No. 116 requires not-for-profit organizations to: -- distinguish between contributions received that increase permanently restricted net assets, temporarily restricted net assets, and unrestricted net assets -- recognition of the expiration of donor-imposed restrictions -- disclosures for collection items not capitalized and for receipts of contributed services and promises to give (FINANCIAL ACCOUNTING STANDARDS BOARD, 2008). Statement No. 117 consists of detailed information about the generally accepted accounting principles with regard to how contributions are reported on financial statements. Statement No.
A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to | | a) | assign responsibility for the decision. | | | b) | determine the amount of money that should be spent on a project. | | | c) | decide which actions that management should consider. | | | d) | provide relevant revenue and cost data about each course of action. | Question 2 | | 0 / 1 point | Which is the first step in the management decision-making process?
A payee whose name is misspelled on an instrument cannot indorse the instrument. (404) _F_ 17. An instrument payable to two persons jointly requires the endorsement of both of the payees for negotiation. (404) _F_ 18. A person who receives an instrument as a gift does not possess the rights
These statements now may be used in evaluating the performance of Lee College. Evaluating the performance and financial position for not-for-profit organizations and governments is difficult because they vary greatly in size. Their relative performance based on gross amounts reported in the financial statements does not provide a clear picture and in order to facilitate comparisons; many that use the financial statements often calculate ratios. The most commonly used measure of not-for-profit efficiency is the program expense ratio. This ratio is calculated by taking a total of the program expenses and dividing by the total expenses for an organization.
b. Indirect interest must be impartial, so independence is also impaired in this case. c. Independence is impaired if the CPA had any loan to or form the client, except “grandfathered loans” or other permitted loans. Grandfathered loans are loans acquired before the requirement for independence. Other permitted loans are new loans obtained under “normal” lending procedures.
Running head: FAIR VALUE MEASUREMENTS Customer Inserts His/her Name Customer Inserts Grade Course Customer Inserts Tutor’s Name Date Part 1 a) The three alternative accounting treatments for the classification of financial assets and for the recognition of gains and losses arising from changes in fair value permitted by FAS 115 Under FAS 115, fair value is defines as the price that can be received upon disposal or paid to transfer liability through a transaction between buyer and seller at the measurement date. The three alternative accounting treatments for classification of financial assets and for recognition of gains losses arising from changes in value and permitted FAS 115 are: i) Assets held to maturity All
At this time, the external discount rate, used by Credit Swiss First Boston was 12%. What does this mean? If Ameritrade analysts use a discount rate that is too high, good projects may be rejected. If they use a discount rate that is too low, bad projects may be accepted. Lastly, they need to make sure that the future cash inflows due to this project outweigh its future cash outflows.
The effects of forfeitures and income taxes should be ignored. Analysis: 1. I think Sooner or Later should use $9 grant-date fair value to measure its compensation cost. FASB requires companies to recognize compensation cost using the fair-value method, and also according to 718-10-30-2 “A share-based payment transaction with employees shall be measured based on the fair value (or in certain situations specified in this Topic, a calculated value or intrinsic value) of the equity instruments issued.” Therefore, Sooner or Later should use the fair value to measure its compensation expenses. But the question is which fair value should Sooner or Later use to measure the compensation.
What are the overall goals? Is cash availability more important than owning the item items long-term? If it cost more to lease than to purchase than purchasing the item upfront would make more sense. Additionally, how quickly will the item depreciate or become antiquated. What tax credits can be earned on depreciation of an owned asset or the lease payments?