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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60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and Stockholders’ Equity 2012 2011 Current liabilities $88‚000 $65‚000 Long-term debt 90‚000 70‚000 Common stock 370‚000 320‚000 Retained earnings 254‚000 164‚000 Total liabilities and stockholders’ equity $802‚000 $619‚000 FELLENZ CORPORATION Income Statements For the Years
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Axia College Material Appendix B Key Computer Terms CheckPoint Definitions and Usage of Information Technology Infrastructure Components and Technologies The following terms are examples of information technology infrastructure components and technologies used in business. Research definitions using the Internet. You will write a definition of each term and provide at least two examples of the component or technology. Provide citations and references for all resources. Term | Definition
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Andrew Smith 3 Copperfield close‚ Malton‚ North Yorkshire.
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Final Paper 1 ACC 202 Final Paper ACC 202: Principles of Managerial Accounting February 7‚ 2015 Final Paper 2 ACC 202 Final Paper Management accounting is accounting which is used by administration of a company or organization to make decisions concerning day to day functions. Management accounting‚ also referred to as managerial accounting‚ is required for administrators to make smart decisions regarding the way the organization is performing. Managerial accounting demonstrates
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171). What factors will determine liability? The factors that will determine if the teachers are liable is if the incident was unforeseen and if the teacher was supervising the students as required during recess. Teachers are required to use a standard of care‚ but if they act improperly or failed to act appropriately in this situation they can be held liable. It is stated that "when an unavoidable injury occurs‚ there is generally no liability" (Essex‚ 2012‚ p. 158). But this situation
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Comparing IFRS to GAAP Essay ACC/290 November 24‚ 2014 Comparing IFRS to GAAP Paper Although the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) have a lot of similar guidelines and expectations‚ they also differ in many ways. The IFRS employs more of a “principles based” accounting standards whereas GAAP utilizes more of a “rules based” approach. Even though there are differences between terminology‚ revenue recognition‚ gains and/or losses
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ACC 291 Final Exam Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-final-exam-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: 1. The method of accounting for uncollectible accounts that results in a better matching of expenses with revenues is the a. aging accounts receivable method b. direct write-off method c. percentage of receivables method d. percentage of
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4–4 Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31‚ 2011‚ of $2‚660‚000. Village records indicate that‚ on average‚ 2 percent of taxes levied are not collected. The county tax assessor has assessed the value of taxable property located in the village at $135‚714‚300. Required a. Provide the required adjusting entries at the end of 2011‚ assuming that the December 31‚ 2011‚ balance of Inventory of
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