Homework Answers
| the following accounts to be (1) measured at fair value, (2) tested for impairment at fair value, or (3) measured on some other basis: | ||
| Assets | Measurement | Reason |
| Cash and equivalents | (1)At fair value | because these assets are having market value as can be resold. |
| Marketable securities | (1)At fair value | because these assets are having market value as can be resold. |
| Accounts receivable | (1)At fair value | because these assets are having market value as can be resold. |
| Inventories | (1)At fair value | because these assets are having market value as can be resold. |
| Property, plant, and equipment | (1)At fair value | As their obsolescence can be judged physically and having the desposable or market value. |
| Lease "Right of Use" Assets | (3)Available usable value | As the expense is fixed and usage is for limited period, so measured on value used of total usable value. |
| Equity-method investment | (3)Cost basis | As the investment is a profit center, so measurement of value is on the cost basis. |
| Goodwill | (2) tested for impairment at fair value | As the recoverable value always changes to the carrying value and could not be accessed as physical obselescence. |
| Intangible assets | (2) tested for impairment at fair value | As the recoverable value always changes to the carrying value and could not be accessed as physical obselescence. |
| Assets of businesses held for sale | (1)At fair value | because these assets are having market value as can be resold. |
Add Answer to:
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Identify and share with your classmates the following information from your 10-K company’s balance sheet: Total...
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information from your 10-K company’s balance sheet:
Total Investments in Current and Non-current Assets; if none,
state that.
Nomenclature of those investments on the Balance Sheet
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Investments using Microsoft Excel. Your Excel spreadsheet should
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1
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OPTIONS BELOW:
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Rent revenues for 3 months collected in advance
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Land used as plant site
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Equity securities classified as trading
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Cash
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Accrued interest payable due in 30 days
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Identify and share with your classmates the following
information from your 10-K company’s balance sheet:
Total Investments in Current and Non-current Assets; if none,
state that.
Nomenclature of those investments on the Balance Sheet
Calculate the percentage of current assets in which are
Investments using Microsoft Excel. Your Excel spreadsheet should
contain the source data used to do the calculations. Upload the
spreadsheet to your discussion post.
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Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
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securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
locate the largest amount of cash generated by the company's
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this particular cash inflow. ( year is 2013)
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different from the regular 2018 in the middle column and those
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2.) What does the negative stockholder equity indicate? Is that
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contra account, or any amount that is negative or opposite the
normal balance, use the term with parentheses.
1
Accrued salaries and wages
OPTIONS BELOW:
2
Rent revenues for 3 months collected in advance
3
Land used as plant site
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Equity securities classified as trading
5
Cash
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Accrued interest payable due in 30 days
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