Governmental and Nonprofit Accounting March 2014 - CPA EXAM Quiz – Answers and Explanations [1] Net assets is an element of the financial statements of not-for-profit entities (NFPs). It A. Net assets equal the residual interest in the assets of an entity that remains after subtracting its liabilities. For a business enterprise‚ equity (the ownership interest) is the analogue of net assets. In an NFP‚ which has no ownership interest in the same sense as a business enterprise‚ the net assets
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Kim Electronics (Kimtron). Product. Kim Electronics (Kimtron) is the wholly owned Korean affiliate of Fairtel‚ a U.S. electronic component manufacturer. Fairtel manufactures customized integrated circuits (Ics) for use in computers ‚ automobiles‚ and robots. Kimtron has been Fairtel’s distribution affiliate in Korea‚ but consideration is now being given to making Kimtron a manufacturing affiliate. Kimtron’s products would be sold primarily in Korea‚ and all sales would be denominated in Korean
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BASIC CONCEPTS IN MANAGEMENT ACCOUNTING 1. The major functions of management is (are): A. strategic management and long-range planning. B. planning and decision making. C. identifying threats and opportunities for the firm. D. all of the above. Bobadilla 2. The process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organization’s goals is called A. managerial accounting C. management B. financial accounting D. promotional activities
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electronics fundamentals circuits‚ devices‚ and applications THOMAS L. FLOYD DAVID M. BUCHLA Lesson 2: Transistors and Applications Electronics Fundamentals 8th edition Floyd/Buchla © 2010 Pearson Education‚ Upper Saddle River‚ NJ 07458. All Rights Reserved. Lesson 2 Introduction A transistor is a semiconductor device that controls current between two terminals based on the current or voltage at a third terminal. It is used for amplification or switching of electrical signals
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Goodwill for Impairment CLAUDIA Inc. has an internally generated goodwill and did not amortize or tested for impairment. They cannot amortize because measuring the components are complex and associating the costs incurred with future benefits are too difficult. Goodwill cannot generate cash flows independently and is made as a combination with other assets making up a business; it needs to be assigned to a reporting unit or cash-generating unit in order to test for impairment. Under ASPE‚ the impairment
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Problem Statement Star River Electronics‚ a Singapore based company‚ is a large manufacturer and supplier of CD-ROMS. It was founded as a joint venture between New Era Partners and Star Light Electronics Ltd. In the past decade‚ Star River has been very successful due its excellent reputation for producing high quality discs. In 1999‚ CD ROM disc drives comprised ninety three percent off all optical disc shipments. This created a high demand and allowed for manufacturing companies of all sizes to
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AB Electronics After evaluating the report issued by AB Electronics (ABE) several issues have been highlighted which may indicate the cause of the decrease in sales and customer satisfaction. The primary problems appear to be in the employment structure‚ lack of e-commerce market‚ a freeze on new employees and an outdated business model. This document will aim to highlight these errors in greater detail and provide potential solutions for the discussed areas of concern. ABE primarily sells portable
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The Bohr Model An atom* is the smallest particle of an element that retains the characteristics of that element. Each of the known 118 elements has atoms that are different from the atoms of all other elements. This gives each element a unique atomic structure. According to the classical Bohr model‚ atoms have a planetary type of structure that consists of a central nucleus surrounded by orbiting electrons‚ as illustrated in Figure 1–1. The nucleusconsists of positively charged particles called
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marketplace is founded on a philosophy that derives its insight at the intersection of technology and consumer values. Apple’s unique‚ defiant‚ and sophisticated philosophy is all about revolutionizing life’s experiences; convergence of digital consumer electronics and the personal computer. Currently‚ Apple creates immense value for their consumers by offering products that are difficult to imitate. Unfortunately‚ this will not stop current and possible new companies from copying Apple’s success by developing
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Industrial training course is a prerequisite for any degree student to graduate. It is a component of learning programme that provide an opportunity for the students to learn in the working environment in order to prepare them with the real working environment (UKM‚ 2011). The objective of this course is to improve the quality of graduates by exposing them early to the reality of employment world. Students that have industrial training experience will have advantages compare the others students that
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