to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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2nd Semester Goal Setting “Goal setting is a key to achieving success in any endeavor. It is very complex to know where one is going if one does not know where to go. Everyone needs goals to be enthused‚ grow or increase performance especially with strong goals.” One goal that I’ve started 2nd semester is to improve my work ethic even more than before‚ to be able to earn high honors by the end of my junior year. I also will try to involve myself in any activities that I can‚ both academically
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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My goals are ambitious‚ and study at Boston University will propel me towards achieving them. My ultimate professional goal is to use the financial skills I will acquire at Boston University to become a senior research analyst for an investment management firm. To realize my aim‚ I intend to use the professional resources currently at my disposal in conjunction with the rich opportunities Boston University offers. Indeed‚ while studying at Boston University Part-Time MBA program‚ I will continue
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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University of Phoenix Material SMART Goals Part A: Reflect on your results from the Career Interest Profiler Activity and the Career Plan Building Activity: Competencies. Building on your strengths and weaknesses‚ create five SMART goals to help you with your personal academic and career journey. Resource: University of Phoenix Material: Goal Setting Example: Take a writing workshop in the next 2 to 3 weeks to help me improve my writing skills in order to successfully communicate with
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H English 10 27 January 2014 My Goals for the Year of 2014 In my eyes‚ a new year means a fresh start and a clean slate for new opportunities‚ ambitions‚ and goals. For 2014‚ I’ve set big and important goals for myself to not only better my life‚ but the lives of others around me. My goals for this year include having a more positive attitude‚ keeping a B or higher in AP world and math‚ and staying more organized. I am hoping to stick with these goals throughout 2014 and for the rest of my life
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Career Goals: Sonya May Sonya May Walden University Career Goals: Sonya May As I begin the next chapter of this portion of my educational journey‚ I face the challenge of deciding what my ultimate education goal will be. There are numerous factors that must be considered when making this decision. One of those factors is determining if Walden University will provide the type of educational setting that is needed to reach my goal. While an online academic setting is the correct choice‚ I must
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