The following information was taken from the 2009 annual report of Emerson, a leader in process management,

Question:

The following information was taken from the 2009 annual report of Emerson, a leader in process management, technology, network power, and industrial automation (dollars in millions).

REQUIRED

Comment on whether Emerson's financial accounting methods have been conservative or aggressive across the three-year period.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

See More Books

Question Posted: Nov 18, 2011 04:13 AM

See More Questions

The following information was taken from the 2009 annual report of Coca-Cola (dollar and share amounts in millions) (a) At what average price did the company repurchased its shares in 2007? (b) At...
The following information was taken from the 2009 financial statements of pharmaceutical giant Merck and Co. All dollar amounts are in millions. Retained earnings, January 1, 2009 ... $43,698.8...
The following information was taken from the 2009 financial statements of FedEx Corporation, a major global transportation/delivery company. InstructionsAnswer each of the following questions.(a)...
1. List five line coding schemes discussed in this book. 2. Define block coding and give its purpose. 3. Define scrambling and give its purpose. 4. Compare and contrast PCM and DM 5. What are the...
Information for Russell Corporation is given in BE6-12. If the company has fixed costs of $199,500, how many units of each model must the company sell in order to break-even? Data From BE6-12....
Lamonda Corporation uses a job order cost system. On April 1, the accounts had balances as shown in the T- accounts below: The following transactions occurred during April: a. Purchased materials on...
Help for Insomniacs In Exercise 1.23, we learned of a study to determine whether just one session of cognitive behavioral therapy can help people with insomnia. In the study, forty people who had...
The following are selected transactions of Lindblom Company. Lindblom prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Evers Company, $20,000, terms 2/10, n/30....
One of your senior leaders has come to you with a career development plan for her employees. She would like your feedback to ensure that she has covered the future needs for the employee's...
Consider the following transactions that occurred in September 2012 for Aquamarines, Inc. Sep 3 Purchased inventory on terms 1/15, n/eom, $5,000. 4 Purchased inventory for cash of $1,700. 6 Returned...
A major defense contractor, LTV, faced with huge liabilities, once declared Chapter 11 bankruptcy protection. Under Chapter 11, a company continues to operate but is protected from creditors while it...
General Motors once posted net income of $552 million, compared with a loss of $112.9 million a year earlier. Over $200 million of the profit was due to an accounting adjustment in its North American...
In Problems 5378, find an equation for the line with the given properties. Express your answer using either the general form or the slope-intercept form of the equation of a line, whichever you...
I need help with the following assignment. Imagine that you leave your job for another, but you want to communicate it adequately to the boss... You have to consider all factors of our working...
List 6 concrete outside sources for ((Hill like a white elephants ) Summarize each article in a paragraphs Discuss why these articles will be helpful for your project? Please take your time, and find...
Mass media is essentially a product of thought that is used to convey information various information, one of which is about the use of friendly shopping bags environment. This information is...
i need help about Media / Social media i need to give the example how his affecting now with the teenagers, how todays day people depends to the social media act Media/Social Media Not to be...
What are the five stages of the product life cycle? List and describe each of the stages clearly and concisely.
Which statement is true? a) Government failure, by definition, can occur only at the federal level. b) Nearly all the first responders to Hurricane Katrina in New Orleans were in the private sector....
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
In Problems 4150, graph each inequality subject to the nonnegative restrictions. -18x + 30y 2,700, x 0, y = 0
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk. a. Fee paid to...
The equipment was expected to have a useful life of three years, or 25,000 operating hours, and a residual value of $4,500. The equipment was used for 12,000 hours during 2008, 9,000 hours in 2009,...
New lithographic equipment, acquired at a cost of $131,250 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $11,250. The manager...
The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the...
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
A simply supported girder bridge is to support vehicular loads. It is anticipated that the worst load will come from a three-axle truck shown in Figure I below. Assuming the self-weight of the girder...

The following information was taken from the 2009 annual report of Emerson, a leader in process management,

Question:

2008 2009 S2,417 2007 S3,093 Net income before taxes 53,591 Income tax expense: Current 1,085 52 571 1,028 Deferred 122 (64) S 693 S 964 31.2% Total $2,137 31.7% Effective tax rate 28.7%

Step by Step Answer:

The conservatism ratio is an excellent measure of a companys aggressiveness ...View the full answer

Financial Accounting in an Economic Context

Students also viewed these Accounting questions