Communication Case 3–1
Current versus long-term classification
• LO3–2
Apply your critical-thinking ability to the knowledge you’ve gained. These cases will provide you an opportunity to develop your research, analysis, judgment, and communication skills. You also will work with other students, integrate what you’ve learned, apply it in real-world situations, and consider its global and ethical ramifications. This practice will broaden your knowledge and further develop your decision-making abilities.
A first-year accounting student is confused by a statement made in a recent class. Her instructor stated that the assets listed in the
Required:
Explain to the student the distinction between current and long-term assets pertaining to the IBM computers and the investments in marketable securities.
Want to see the full answer?
Check out a sample textbook solutionChapter 3 Solutions
INTERMEDIATE ACCOUNTING(LL)-W/CONNECT
- PROGRAMS SELF DEVELOPMENT E-LIBRARY 8. 6. 10 11 12 13 14 15 16 Your company wants to invest JD 10,000,000 in network, taking into consideration the below table Investment 10,000,000.00 Lifetime Annual Revenues in Yearl 2,000,000.00 2% Annual decline in revenues from Y2 30% Direct Cost % of revenues 15% OPEX % of revenues 7% Interest Discount rate/fWACC) COarrow_forwardGodoarrow_forward7arrow_forward
- an external tool Available n Mission Progress You are on question 12 of 12 Management by objectives is Peter Drucker's version of goal setting His concept is that employees commit to goals. A manager should review progress toward individual goals with each employee and then O make the individual responsible for the next steps O reward or punish the employee as appropriate O jointly discuss the implications Previousarrow_forwardQuestion 3 Critically analyse the THREE main characteristics of FinTech and provide ONE example for EACH characteristic thus THREE examples in Total. Evaluate how regulation can affect innovation by using ONE example.arrow_forward2019 COBIT Principle 1 Each enterprise needs a governance system to satisfy stakeholder needs and to generate value from the use of I&T. Value reflects a balance among benefits, risk and resources, and enterprises need an actionable strategy and governance system to realize this value. Current Practice Recommendation Principle 2 A governance system for enterprise I&T is built from a number of components that can be of different types and that work together in a holistic way. Current Practice Recommendationarrow_forward
- Q25 Environmental protection can best be done by the efforts of: a. All of these b. Business people c. Government d. Scientistsarrow_forwardQ 14 Question 14 What is an accurate definition of business sustainability? Select one: a. It is the ability to continue a defined business endeavor indefinitely. b. It is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. c. It is managing the triple bottom line as a process by which companies manage their financial, social and environmental risks, obligations, and opportunities. d. All of the abovearrow_forwardRevisit Choose the best option Question # 25 A Report a Problem O firm, individual While redefining management phenomena, the management accounting professionals have to focus on the and the O past, present O issues, solutions innovation, systems +91 80 4719 0917 Deepanshu | Support +1 650-924-9221 metti Type here to search f9 144 f6 f5 f4 f3 IOI f2 & 7 SC 6. %23 3 5 @ 2 4 1 %24arrow_forward
- Principle 3 A governance system should be dynamic. This means that each time one or more of the design factors are changed (e.g., a change in strategy or technology), the impact of these changes on the EGIT system must be considered. A dynamic view of EGIT will lead toward a viable and future-proof EGIT system. Current Practice Recommendation Principle 4 A governance system should clearly distinguish between governance and management activities and structures. Current Practice Recommendation Principle 5 A governance system should be tailored to the enterprise's needs, using a set of design factors as parameters to customize and prioritize the governance system components. Current Practice Recommendation Current Practice Principle 6 A governance system should cover the enterprise end to end, focusing not only on the IT function but on all technology and information processing the enterprise puts in place to achieve its goals, regardless where the processing is located in the enterprise.…arrow_forwardWhat industry do you believe is a leader in enterprise systems implementations? Discuss what you think are the major contributing reasons for that leadership.arrow_forwardQuestion 10 Consider the following statements: 1. A mission statement addresses the question 'What do we want to achieve?" 2. Businesses often publish their strategic objectives. Are the above statements true or false? 1- false 2 - true O 1- true 2- false O 1- true 2 - true O 1- false 2 - falsearrow_forward
- Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE LAccounting Information SystemsFinanceISBN:9781337552127Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan HillPublisher:Cengage LearningAuditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning
- Auditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College PubManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage Learning