made through a broker‚ and the trade occurred on the NYSE. This is an example of D. Secondary market transaction 2. CORRECT Which of the following statements is CORRECT? E. Capital market instruments include both long-term debt and common stocks 3. Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.24 million of interest expense‚ and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Enter your answer in
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known as a A) suspense account. B) nominal account. C) controlling account. D) temporary account. 2. A schedule of accounts payable includes a list of A) customers. B) both creditors and customers. C) neither creditors nor customers. D) creditors. 3. A purchase of store supplies on account is recorded as a debit to the Purchases account and a credit to the Accounts Payable account. A) True B) False 4. A subsidiary ledger containing only creditors’ accounts is called the accounts payable ledger
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P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
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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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This work ACC 407 Week 3 Assignment comprises: Consolidation Problems Business - Accounting Consolidation Problems. Complete P5-38 As part of your homework submission‚ be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect. Make sure you schedule dedicated study time every day. Even though you may find other things
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There have been several concepts learned and discussed that will be beneficial to persons holding positions in the accounting field. Some skills required to be successful are; differentiating between accrual-basis and cash-basis accounting‚ detailing what creating adjusting entries entails‚ and the logistics of preparing an adjusted trial balance. These two methods are somewhat alike but do have a couple differences. Both methods have been tested and proven to be effective ways for companies to
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Brand Differentiation Discussion Assignment Brand differentiation is an important marketing concept for companies. Product differentiation refers to a marketing strategy where a company attempts to make its product unique from competing products. A successful differentiation strategy enables a product to stand out from its competitors. It also means that there are substantive differences between a product and other available alternatives in the market. Today‚ there are various products that have
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Week Three Summary The team is to recap what was learned from last week’s assignments‚ readings‚ and discussion from class. As a team‚ each member ranked the six factors of innovation‚ and a final ranking was agreed upon. A brief description of the assignment will be discussed‚ highlighting the outcome. Innovation is essential for businesses to remain competitive‚ and the business not promoting innovations are losing portions of the market. The team learned the Seven Innovation rules to help
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Week 3 Individual Assignment John Herget Law/421 December 11‚ 2012 Mr. Hedeicke Abstract The following paper will examine an article detailing the definition intellectual property. Additionally‚ it will make example of the laws that govern and protect the creation and use of intellectual property. Week 3 Individual Assignment A large business has been made through sales of creations of the mind. These include inventions‚ artistic works‚ manuscripts‚ images‚ designs
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Accounting Cycle Name ACC 421 Date Instructor Accounting Cycle The accounting cycle is a systematic process used to help perform the basic function of accounting‚ which is to identify‚ record‚ and communicate information. A business or organization may have its own unique way of performing its accounting cycle‚ but each must perform the task in one way or another. Alvarez Bookkeeping Services‚ a small family operated business‚ has a very simplified version of the accounting cycle. The company
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