Lee Corporation Equity Scenario • Review the following information: Lee Corporation‚ a U.S. company‚ began operations on January 1‚ 2004. During its first 3 years of operations‚ Lee reported net income and declared dividends as follows. Net income Dividends declared 2004 $ 40‚000 $ –0– 2005 125‚000
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Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
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Investment in Subsidiary 15‚381.80 Cumulative Translation Adjustment 15‚381.80 Lee Corporation Statement of Changes in Stockholder’s Equity For the year ended on December 31‚ 2007 Common Stock Additional Paid-in Capital Treasury Stock Retained Earnings Accumulated Other Comprehensive Income Total Stockholder’s Equity Balance as of January 1‚ 2007 $500‚000.00 $1‚000‚000.00 $(200‚000.00) $225‚000.00 $1‚525‚000.00 Prior
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to create a futuristic and uplifting statement which has the wherewithal to take their organization into the future with hope and expectation. This is what a vision statement is; it gives the people an achievable goal to work towards. Not to confuse a vision statement with a mission statement they are similar whereas both can contain the core values of an organization; however a mission statement answers the question what is our business and the vision statement answers the question what do we want
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(a) “Nemawashi” is an agricultural metaphor. The idea is that before a farmer plants a seed‚ he should prepare the roots and the soil‚ so that the seed has the best chance of survival. It is a political process by which an unofficial understanding is reached before a final decision is made on a particular matter. “Nemawashi” is Bottom-up style decision making (middle management has the greatest influence on decision making). The Japanese are primarily concerned with harmoniously working out problems
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Sara Lee Corporation (Case study) 1. Executive Summary This case study provides an evaluation of Sara Lee Corporation and particularly its operations of product lines available through the Wal-Mart stores. To begin with‚ an effective SWOT analysis of the company was conducted where strengths and opportunities are identified while addressing possible threats and improving its weaknesses to avoid giving the competition an aggressive advantage. Marketing requires effective identification
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BASIC FINANCIAL STATEMENTS OVERVIEW OF BRIEF EXERCISES‚ EXERCISES AND CRITICAL THINKING CASES Brief Exercises B. Ex. 2.1 B. Ex. 2.2 B. Ex. 2.3 B. Ex. 2.4 B. Ex. 2.5 B. Ex. 2.6 B. Ex. 2.7 B. Ex. 2.8 B. Ex. 2.9 B. Ex. 2.10 Learning Objectives 3 3 4 4 5 5 6 8 8 7 Learning Objectives 3 Topic Recording transactions Recording transactions Computing retained earnings Computing total liabilities Computing net income Computing net income Computing change in cash Alternative forms of equity Alternative forms
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Wireless Switch Card: OWS Firmware for VLC OMEGA Project Contractual Date of Delivery to the CEC: M12 Actual Date of Delivery to the CEC: Author(s): Workpackage: Security: Nature: Version: Total number of pages: Eric Gueutier (APSIDE) WP4 CO Report 1.0 48 Abstract: This internal deliverable presents the OWS firmware for the HWO prototype 1 (VLC part). Keyword list: Optical Wireless‚ OW‚ HWO‚ Hybrid Wireless Optic‚ VLC‚ Visible Light Communication‚ IRC‚ Infra Red Communication‚ OWS‚ Optical Wireless
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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How to Prepare a Bank Reconciliation Statement: To prepare the bank reconciliation statement‚ the following rules may be useful for the students: 1. Check the cash book receipts and payments against the bank statement. 2. Items not ticked on either side of the cash book will represent those which have not yet passed through the bank statement. 3. Make a list of these items. 4. Items not ticked on either side of the bank statement will represent those which have not yet been passed
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