ECO/561PR - ECONOMICS Ius In modern society people desire goods and services that provide a more comfortable or affluent standard of living. We want bottled water‚ soft drinks‚ and fruit juices‚ not just water from the creek. We want salads‚ burgers‚ and pizzas‚ not just berries and nuts. According to MC-Connell (2008) “Economics‚ which is the social science concerned with how individuals‚ institutions‚ and society make optimal choices under conditions of scarcity.” Scarce economic resources
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Individual Assignment week 3 Rose Breedlove Merced ACC291 Accounting Principles II May 23‚ 2012 Prof. David Vega Individual Assignment week 3 Exercise E10-6 According to the accountant of Ulner Inc.‚ its payroll taxes for the week were as follows: * $198.40 for FICA taxes‚ * $19.84 for federal unemployment taxes‚ * $133.92 for state unemployment taxes. Instructions Journalize the entry to record the accrual of the payroll taxes. Solution: Payroll Tax Expense
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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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Accounting Equation Paper NAME ACC/300 INSTRUCTOR DATE The basic accounting equation is: Assets = Liabilities + Stockholders’ Equity. When looking at the balance sheet one can assume that assets must balance out each transaction and balance the claims to the assets (Kimmel‚ 2010). A balance sheet provides Assets of the company first and foremost‚ then Liabilities and Stockholders’ Equity and last retained earnings. This shows the companies incoming money‚ outgoing payments‚ and the
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The file of ACC 421 Week 4 Discussion Questions comprises: DQ1: What does the statement of cash flows tell you about a company? Why is the statement of cash flows important? Can a company have profits but no cash? Why or Why not? DQ2: What is included in each section of the statement of cash flows? What does each section tell you about the company? Which of the three classifications of activities included on a statement of cash flows is the most important? Why? Business
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This paperwork of ACC 440 Week 3 Discussion Questions shows the solutions to the following problems: DQ1: What are some of the issues we may run into when consolidating financial statements at period end? What types of transactions need to be addressed in a consolidation? DQ2: Why do most parent companies acquire 100 percent ownership of the subsidiary when 51 percent would grant them economic control? What are the economic reasons supporting more than a 51 percent ownership level?
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The Happy Prince The happy prince is a short story written by Oscar Wilde for kids in the 80’s. Oscar Wilde’s famous work ‘The importance of being Ernest’ was published after the happy prince. So the happy prince can be considered as the work as a stepping stone for Wilde to write what is considered to be as his best work. In the story of the happy prince‚ the author intended to highlight a few main themes or ideology such as hypocrisy‚ poverty and exploitation. Hypocrisy is simply defined as
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Tootsie Roll Industries Inc. Loan Package ACC/561 - Accounting August 15‚ 2011 Tootsie Roll Industries Inc. Loan Package Since the company’s establishment in 1896‚ Tootsie Roll Industries Inc. has expanded to become one of the biggest candy companies in the United States. Tootsie Roll Industries Inc. is one of America’s most recognized candy companies through manufacturing and selling some of the most popular candies in the world. The company has an extensive amount of products sold in
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Week 2 Homework 4-8 |Under SEC rules‚ your close family members include your spouse (or equivalent) and dependents and your parents‚ nondependent | |children‚ and siblings. If you are a covered person‚ your independence is affected if your close family member has an accounting | |role or financial reporting oversight role with the SEC Audit Client (for example‚ the family member is a treasurer‚ CFO‚ | |accounting supervisor‚ or controller) or owns more than 5 percent of a client’s
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Internal Accountant’s Report to Management Marceila Jackson ACC/556 October 27‚ 2014 Laurie McBroom In preparing for the upcoming government contract bid there is a need to explain how performing a full financial status review prior to the bid is in our best interest. The steps taken for the review are as follows: visualizing the impact of occupational fraud and abuse on the company‚ knowing how the US government oversees the accounting fraud and abuse and its effect on the company‚ identifying
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