General information 1. Turn in a hard copy at the beginning of class. 2. “Consulting” solution manuals or prior years‟ assignments is academic dishonesty. So is discussing your homework assignments with any classmates. 3. Be prepared to explain your answers in class. Homework #1. INCOME MEASUREMENT AND ACCRUAL ACCOUNTING PRACTICE PROBLEMS What is a synonym for unearned revenue? Accumulated depreciation on the balance sheet equals depreciation expense for the year on the income statement
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Business Descriptions In 1993‚ Brown launched Small World Music in Nashville‚ Tennessee with husband Gary West and then went on to create Compass Records in 1995. Compass records is a small‚ independent artist-run company that established their niche in musical genres such as folk‚ roots‚ and celtic. In the context of the 2-billion dollar music recording industry‚ Compass Records has low market share in comparison to the multi-national corporations dominating the business. Brown was formally an
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broadcast and cable television‚ radio‚ movie and music studios‚ newspapers‚ magazines‚ books and most print publications. The music industry has evolved with the introduction of new media such as the Internet‚ YouTube and Illegal Internet websites. The Internet has had a massive effect on the traditional media for the music industry‚ which has affected the sales and production of music. The Internet was made in 1991 and has recently come into the music industry in the past 10 years with sites such
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Napster is a brainchild of Shawn fanning‚ launched on June 1 ‚1999 as a peer-to-peer music downloading program for college students. Napster became a one of the most popular sites on the internet‚ claiming some 15 million users in little more than a year. From the beginning‚ Napster facing so many problems from the RIAA and music industry players. Napster violated the copyrights by allowing users to swap the music recordings for free. However‚ on March 5‚ 2001 Napster was ordered by the U.S. court
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perfectly fine to download music for free‚ but the majority of people know that it is illegal to do so. Joe Elliott works in the music industry and states “Napster is a form of theft. No doubt about it.” in a response to letter asking about how artist feel about it. Most people would argue and say that the artist do not care about how their music gets out because even with cutting the middleman out they still get their fair share of pay. The truth is most artist make their music thinking of their fans
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When You Were Young by The Killers The music video of When You Were Young by The Killers shows the story of a young woman’s tragic marriage through flashbacks while in the present she is about to jump off a mountain and kill herself. It is set in the present (video made in 2006) in a small town somewhere in Mexico. This is shown by the ethnicity of the actors and the costume which is relevant to place‚ being Mexico and the props like beer and phones which is present to the time period. The video
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label would each get a cut of the profits. But today more music fans are opting for 99 cent downloads or streaming free music on-line. Obtaining a new track or album is just a click away with iTunes‚ subscription services like Spotify‚ free Internet streaming sites like Pandora‚ or even YouTube where you can watch music videos. For most of us‚ at least for myself‚ downloading music is a favorite activity when on the Internet. Downloading music and other media files from the Internet may make it conveniently
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Katy Perry is an extraordinary singer with a great voice. She grew up in Santa Barbara‚ California not being able to listen to pop music with a religious family‚ both parents being pastors. She expresses herself in a way that tells her life story through music. She inspires many‚ saying that we don’t have to be like everyone else‚ that being weird is okay. Katy Perry’s music is unique following her personality and charisma‚ having a way of making people smile and enjoy life giving them hope to keep on
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Stefan Ivetic Music used to be so simple. You listened to it on the radio for free‚ but you could not choose what was being played and there were lots of commercials. If you went to a concert‚ you paid. And if you bought a record‚ tape or CD‚ you paid. Every industry needs money to be sustainable and so does the record industry. The record industry has been around for decades and over the course of time it became more about money and less about art. People now days download music for free all the
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such as scratches‚ fingerprints‚ and skipping. Today‚ you cannot find vinyl records unless you go into some older music stores and they all used them. With the advent of CD’s and DVD’s‚ everyone was sure this was better quality than the old vinyls‚ but is it. Along with technology changing from vinyl records to CD’s the speaker systems also advanced. Therefore‚ no one that used the music records when they were popular had the best stereo speakers because they did not exist at the time. Vinyl records
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