You do not have to have the exact same format as long as your
answers are correct.
(a) Taxable income for 2012.
Enacted tax rate.
Income tax payable for 2012.
Future taxable (deductible) amounts
Deferred tax liability (asset)
Annual ROA Data (%)
Annual Net Profit Margin Data (%)
Kerviel Says SocGen Was `Complacent' on His Trades (Update2)
By Heather Smith
Jan. 30 (Bloomberg) - Jerome Kerviel, the Societe Generale SA trader whose
unauthorized bets led to the biggest trading loss in history, told prosecutors the bank
gvkey,datadate,fyearq,fqtr,indfmt,consol,popsrc,datafmt,tic,CURCDQ,DATACQTR,DATAFQTR,ATQ,NIQ,COSTAT,Return on Assets Ratio
July 28, 2011, 8:46 AM ET
Groupon IPO: The Financial Magic Under the Gun
By Shira Ovide
Groupon has some splainin to do with the SEC about a convoluted financial metric it has used to promote itself
ahead of a planned IPO. So lets dig into a tongue-twiste
(a) $38,514 X 5.7122* = $220,000
*Present value of an annuity due of 1 for 8 periods at 11%.
Cost of Goods Sold.
This is a sales type lease.
EXERCISE 21-1 (1520 minutes)
(a) This is a capital lease to Adams since the lease term (5 years)
is greater than 75% of the economic life (6 years) of the
leased asset. The lease term is 83 1/3% (5 6) of the assets
(b) Computation of presen
Cash flows from operating activities
Adjustments to reconcile net income
to net cash provided by operating
Gain on sale of investment
[($200 $165) X 100].
Decrease in accounts receivable.
EXERCISE 15-2 (1520 minutes)
Cash (80,000 X $5).
Common Stock (80,000 X $2).
Paid-in Capital in Excess of Stated
(80,000 X $3).
Cash (5,000 X $108).
Preferred Stock (5,000 X $50).
BRIEF EXERCISE 14-1
Present value of the principal
$500,000 X .37689.
Present value of the interest payments
$22,500 X 12.46221.
EXERCISE 14-2 (1520 minutes)
Discount on Bonds PayableContra account to bonds payab
EXERCISE 17-1 (510 minutes)
EXERCISE 17-9 (1015 minutes)
(a) The portfolio should be reported at the fair value of $54,500.
Since the cost of the portfolio is $53,000, the unrealized holding
gain is $1,500, of which $20
ACCT 411 Accounting for Investment Problem (do in class)
Hold to Maturity Debt Securities
On Jan 1, 2012, UI Group Inc. purchased as an investment $700,000 of 12% bonds.
Because the 12% stated interest was less than the prevailing (market) borrowing rate
EXERCISE 13-1 (1015 minutes)
Current liability or long-term liability depending on term of warranty.
Footnote disclosure (assume not p