Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
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sufficient background on the topic and previews major points. The conclusion is logical‚ flows from the body of the paper‚ and reviews the major points. The paper has a word count between 1‚050 to 1‚400 words. Readability and Style 15 Percent Percent Earned: /1.35 Comments: Paragraph transitions are present and logical and maintain the flow throughout the paper. The tone is appropriate to the content and assignment. Sentences are complete‚ clear‚ and concise.
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ACC-100 Chapter 3 External event: involves interactions between the entity and its environment. * Example: the payment of wages to an employee is an external event‚ hiring of a sales manager Internal event: occurs entirely within the entity. * The use of a piece of equipment Transaction: any event that is recognized in a set of financial statements (if an event is measurable and realized‚ then it is a transaction) * Typically include: * An external event that involves exchange
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go to this address to get the tutorial: http://homeworkfox.com/tutorials/business/508/acc-422-week-5-wileyplus-assignment-exercises/ ACC 422 Week 5 WileyPlus Assignment - Exercises Business - Accounting ACC422 Week 5 E13-13 P13-9 E14-21 E21-7 E13-13 (Contingencies) Presented below are three independent situations. Answer the question at the end of each situation. 1. During 2010‚ Maverick Inc. became involved in a tax dispute with the IRS. Maverick’s attorneys have indicated that they
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Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following is
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Student Exam 1/16/12 9:14 AM Week 3 : Managing Assets and Resources in the Digital Firm - Homework Save Answers Submit for Grading 1. A characteristic or quality describing an entity is called a(n) (Points : 1) field. tuple. key field. attribute. 2. The confusion created by _____ makes it difficult for companies to create customer relationship management‚ supply chain management‚ or enterprise systems that integrate data from different sources. (Points : 1) batch processing data
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Acc 5 Computer Information System Brief Elliott Mathieson ACC/542 January 13‚ 2013 Willard Berry Computer Information System Brief Kudler’s Fine Foods is a small to medium size business that specializes in gourmet foods throughout the San Diego Metropolitan Area. To operate the business efficiently‚ Kudler uses Retail Enterprise Management System (REMS) to implement the necessary operating for all of the business the Kudler conducts. Like many small to medium size organizations entering
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accounting assumptions. 2. Clarified accounting rules regarding purchased in-process restructuring charges‚ large acquisition write offs‚ and research and development. 3. Direction on qualitative key points in determining materiality in accounting measurements 4. Interpretive guidance for revenue recognition 5. Prompt resolution to the Financial Accounting Standards Boards definition of liabilities issues 6. Targeted reviews of any public company that announces restructuring liability
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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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