This document of ACC 460 Week 1 DQs consists of: DQ1: Log into charitynavigator.org/. Choose a good charity and a bad charity and explain why you feel they should labeled good or bad. DQ2: What is fund accounting? How does it compare to proprietary accounting? Why is fund accounting necessary? What are the major fund types? DQ3: What are some examples of government and not-for-profit organizations? How do proprietary businesses measure achievement? How do government organizations
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Cr 2000 DTL Dr 600 Income tax expense Cr 300 Retained earnings Cr 300 3) Goodwill Dr 5500 BCVR Cr 5500 4) Impairment loss Dr 2750 Accumulated impairment
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* Jonda Brantley * 11/09/2012 * ACC 220 Wk 2 Financial Statement * * A balance sheet is summary of a company’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues‚ gross profits‚ operating income‚ and net worth. All businesses need to have revenue in order to establish a good foundation
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Week Three Weekly Reflection ACC/291 PRINCIPLES OF ACCOUNTING II Weekly Reflection Week Three There are many topics that are covered in week three and with the Christmas and New Year’s break the team would find it beneficial to cover all the topics. These topics include: Chapter 11 1. Identify the major characteristics of a corporation. 2. Record the issuance of common stock. 3. Explain the accounting for treasury stock. 4. Differentiate preferred stock from common stock. 5. Prepare
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Romeo and Juliet: Comparison and Contrast paragraph It is not surprise that the popular tragedy of love Romeo and Juliet written by William Shakespeare was adapted into a motion picture by Baz Luhrman in the year 1999. Although the plot of the story was more or less the same‚ the film adaptation showed various amounts of differences to the original play. For instance; the whole movie was modernized‚ there was missing detail in scenes‚ and the last scene was modified. Firstly‚ the film was made
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Guillermo Furniture Store Analysis ACC/561 September 25‚ 2010 Guillermo Furniture Store Analysis Emerging markets‚ new processes and increased competition affect business decisions for many small businesses. Guillermo Furniture Store is a small business currently experiencing the affects of emerging competition. Because of this‚ the organization decided to take a more prominent role in distributing. The authors will be taking a deeper look into this decision and will provide a detailed
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460-6409 Home Phone: 251 661-8376 E-mail address: gprescot@southalabama.edu Class/Office Hours: Class Schedule Office Hours ACC 372.101 Tu & Th 9:30 – 10:45 a.m. Tu & Th 7:00 – 9:30 a.m. ACC 416.101 Tu & Th 2:00 – 3:15 p.m. Tu & Th 10:45 – 11:45 p.m. ACC 511.101 Tu & Th 3:30 – 4:45 p.m. W 3:00 – 5:00 p.m. Textbook Advanced Accounting by Hoyle‚ Schaefer‚ & Doupnik‚ McGraw-Hill Irwin‚ 12th ed. Course Notes available via Sakai Course
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Team D Reflection During Week Two of ACC/291 Team D’s objective was to discuss the week’s topics as outlined in the syllabus. Additionally‚ team members were to discuss any challenges or problems with the topics that may have been experienced. Below is a summary of Team D’s discussion for Week Two. Objective 2.1 Differentiate among accounts payable‚ notes payable and accrued expenses. The team’s objective was first to differentiate and explain accounts payable‚ notes payable and accrued expenses
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The Accounting Cycle Deanna Ruocco ACC 421 June 18‚ 2012 Bryan Lichau The Accounting Cycle The accounting cycle is a process that normally uses accounting procedures to record transactions and prepare financial statements of a company. The accounting cycle is made up of nine steps: Journalizing‚ posting‚ trial balance‚ adjusting entries‚ adjusted trial balance‚ preparing financial statements‚ closing‚ post-closing trial balance‚ and reversing entries. This presentation
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which are defined benefit and contribution plans. Defined contribution plan consist of the employer’s promise to contribute a certain amount into the plan every pay period (Schroeder‚ Clark‚ & Cathey‚ 2005). For example‚ the company will contribute say 3% of each employee’s salary per pay period that has been employed over a year. This contribution would be the only expense regarding this pension plan for each pay period (Schroeder‚ Clark‚ & Cathey‚ 2005). Defined benefit plans require future amounts
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