The legal maximum rate of interest that can be charged on a loan in Canada is 60%
The interest charged on payday loans can be as high as 1500%
When a plant asset is fully depreciated to its average value that asset is removed from
Notes on current liabilities
The balance sheet equation may be used to identify sources and uses of funds.
Long term liabilities on the balance sheet do not include that portion of debt
which is due in the current fiscal period.
Differentiation between cu
ATT: TO WHOM IT MAY CONCERN
Depreciating Methods and Financial Options
Report of Depreciating Methods: Depreciation is the method through which the cost of
an asset is allocated over its life, when the value of an asset declines in the market with
To: CEO and President
Current Financial Performance of Diamondz Corp .
Role of the Cash Flow Statement:
The cash flow statement provides information regarding inflows and outflows of cash of
a firm for a period of one year. In addition to reporting cash f
Mid-term test Feb.16
Final exam April 9th-24th
WebCT/Blackboard Quizzes 5 @ 3%
3 Accounting Assignments 5%, 5%, 10%
Seminar participation & contribution 10%
No surprises on test or exam
Review material from lecture
Bonds are a long term liability it is an obligation to the company to pay if issued.
Advantages of issuing a bond: interest is deductible
The people who buy bonds have no input in decision making .
Collateral bond is secure there is security