Combined Financial Statements and Credit Group Financial Information December 31‚ 2012 and 2011 (With Independent Auditors’ Reports Thereon) KAISER FOUNDATION HEALTH PLAN‚ INC. AND SUBSIDIARIES AND KAISER FOUNDATION HOSPITALS AND SUBSIDIARIES Table of Contents Page Independent Auditors’ Report 1 Financial Statements: Kaiser Foundation Health Plan‚ Inc. and Subsidiaries and Kaiser Foundation Hospitals and Subsidiaries: Combined Balance Sheets 2 Combined Statements of Operations
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Chapter 03 The Reporting Entity and Consolidated Financial Statements Multiple Choice Questions On January 3‚ 2009‚ Jane Company acquired 75 percent of Miller Company’s outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Miller Company’s net assets at the date of acquisition. Selected balance sheet data at December 31‚ 2009‚ are as follows: 1. Based on the preceding information‚ what amount should
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IDENTIFY THE MAJOR FINANCIAL STATEMENTS AND OTHERS MEANS OF REPORTING. FININCAL STATEMENTS: The statements prepared to show the financial position of the business is known as financial statements. These statements provide financial information of an equity to internal and external users and decision makers. MAJOR FINANCIAL STATEMETS: The three main financial statements are as follow:
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Financial Statements Accounting is a function by which users can understand the internal financial workings of a company. Use of public accounting dates as far back as the late nineteenth century (Hendrickson‚ 2007) and continues today under the set guidelines that accounting professionals refer to as generally accepted accounting principles. These principles are set in the United States by the Financial Accounting Standards Board and the Securities and Exchange Commission (Weygandt‚ p. 9‚ 2008)
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the beginning because of so many prank calls. 3. Based on the information Gallien gave‚ the Alaskan Troopers look at McCandless’ permanent address in Northen Virginia. It turned out to be a dead end because they found another Chris McCandless. 4. Sam McCandless is Chris’ older half brotherfrom his first marriage. They didn’t know each other because Sam grew up with his mother and was raised in California. 5. Jim Gallien and Wayne Westerberg contributed information regarding the dead body
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Financial Statements December 18‚ 2012 Financial Statements There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers‚ creditors‚ and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also‚ why these statements are of interest to managers‚ creditors‚ and investors
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ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-5-individual-assignment-ch-11-13-textbook-exercises-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: This tutorial includes 5 pages of questions with solutions. A+++ WORK! Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and the Integrity
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This work of ACC 460 Week 4 DQs consists of: DQ1: 1. What financial statements are required of not-for-profit organizations? 2. How are they different or comparable to those provided by organizations that operate for profit? 3. How does the retained earnings section of for-profit organizations differ from that of the net assets section of not-for-profits? DQ2: 1. What are the three classifications of net assets established by FASB Statement 117? 2. How are these
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are two of the four key qualitative characteristics of financial accounting information. The others being understandability and comparability. Relevance requires that the financial accounting information should be such that the users need it and it is expected to affect their decisions. Reliability requires that the information should be accurate and true and fair. Relevance and reliability are both critical for the quality of the financial information‚ but both are related such that an emphasis
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Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? Walmarts net income for the current fiscal year is $27‚801 million. Last year net income increased from the following years 2012 net income of $26‚558 million. Walmart has had an continuous increase in net income from the year 2009. Year Net Income Percentage 2009 22‚767 100 2010 24‚002 105 2011
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