Running Head: Four Types of Business Brandon Mckinley University of Phoenix ACC/561 Introduction An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves‚ or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size‚ but some grow into huge corporations‚ such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business‚ which include
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Wiley Plus Wk 2 Ex & Prob ACC/291 August 6‚ 2012 Wiley Plus Wk. 2 Ex & Prob E8 – 3 Date | Account Titles and Explanation | Debit | Credit | 31 – Dec. | Bad Debts Expense Accounts receivable-Fell | 1‚400 | 1‚400 | | | | | 31 – Dec. | Bad Debts Expense (840‚000 – 30000)*1% Allowance for Doubtful accounts | 8‚100 | 8‚100 | | | | | 31 – Dec. | Bad Debts Expense Allowance for Doubtful Accounts (120‚000*10%)-2100 | 9‚900 | 9‚900 | | | | | 31 – Dec.
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ACC 422 Week 2 WileyPLUS Assignment To purchase this material click http://www.assignmentcloud.com/ACC-422/ACC-422-Week-2-WileyPLUS-Assignment For more classes visit www.assignmentcloud.com ACC 422 Week 2 WileyPLUS Assignment Exercise 7-2 Presented below are a number of independent situations. For each individual situation‚ determine the amount that should be reported as cash. 1. Checking account balance $929‚070; certificate of deposit $1‚417‚000; cash advance to subsidiary of $992‚770; utility
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Checkpoint Week One Exercise E9-2 E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5‚000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2‚000 4. Real estate broker’s commission on land purchased 3‚500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7‚200 7. Cost of paving parking lot for
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In this document of ACC 491 Week 1 Discussion Question 2 you will find the next information: The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. What are the specific portions of the legislation that affect the external audit profession‚ and how do they affect the profession? How does the legislation affect the internal audit profession? What are some activities that are implied in the legislation
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file of ACC 423 Week 5 Individual Wiley Plus Exercises shows the solutions to the following problems: Question 1 (Basic Pension Worksheet) Question 2 (Pension Expense‚ Journal Entries for 2 Years) Question 3 (Error Analysis; Correcting Entries) Question 4 (Accounting Change and Error Analysis) Business - Accounting ACC 423 Week 1 Individual Owners’ Equity Paper ACC 423 Week 2 Individual Wiley Plus Exercises E15-13‚P15-1‚ E16-20‚ P16-7 ACC 423 Week 2 Learning
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GASB Article Statement No. 49 Before diving directly into the article from the Governmental Accounting Standards Board (GASB) titled Governments to Report Liabilities Connected with Their Obligations to Clean Up Pollution (2006)‚ one must first take a step back and take time to read‚ comprehend‚ and take to heart exactly what this organization stands for. Taken directly from their main web page under the tab labeled Education‚ the first thing seen in big‚ bold‚ blue letters is‚ “Due Process: The
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ACC 492 Week 2 Discussion Questions www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-492-week-2-discussion-questions/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Dq1 How might a purchasing manager use his or her position to defraud the company? What can be done to prevent it? Where could an auditor look to find evidence of losses on purchase commitments and unrecorded liabilities
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Week 2 Checkpoint- Unethical Practices of Arthur Andersen 1.What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen contributed to the Enron disaster by failing to have Enron establish and enforce internal controls. Also by destroying Enron audit papers which covered deficiencies contributed to the Enron disaster. The formal charges and jail sentence were a result of the obstruction of justice caused by the destruction of the audit papers. 3. What was the prime motivation
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From Chapter 6‚ read and answer question 8 on page 232. You must respond to at least two of your classmates’ postings to receive full credit. Explain the historical cost concept as it applies to long-term operational assets. The historical cost concept refers to the long-term operational assets be documented at the amount in which they are paid for. This amount will show on the balance sheet as long as the asset is owned. In time‚ the asset may rise or even decrease in value‚ but this variation
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