Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
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QUESTION 1 1. Annie’s Attic has the following account balances for the dates given: Cash‚ Sept 1 $40‚000 Cash‚ Sept 30 60‚000 Accounts receivable‚ Sept 1 10‚000 Accounts receivable‚ Sept 30 14‚000 Owner’s equity‚ Sept 1 ? Owner’s equity‚ Sept 30 ? Supplies‚ Sept 1 30‚000 Supplies Sept 30 24‚000 Accounts payable‚ Sept 1 6‚000 Accounts payable‚ Sept 30 ? Net income for September 20‚000 What would owner’s equity be on September 1? 5 points QUESTION 2 1. Annie’s Attic has the following account
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Beauty of a Flower “We can complain because rose bushes have thorns‚ or rejoice because thorn bushes have roses. - Abraham Lincoln” Most important living organism other than human beings are animals and plants. Flowers and weeds have a huge role in life that they tend to play. Flowers and weeds are completely different in which they grow to reproduce or grow to destroy. Knowingly that weeds also reproduce. Flowers are known to be a brightly colored and conspicuous example of such a part of
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Vocabulary Quiz Name _______________ Chapter 1 1. An accounting principle that states that assets should be recorded at their cost. 2. Debts and obligations of a business. 3. Resources owned by a business. 4. The amount by which expenses exceed revenues. 5. An association of two or more persons to carry on as co-owners of a business for
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Symbolism of Flowers in ?Paul?s Case? In life certain things‚ to each person‚ can become increased in value and can provide a momentary release from all that is undesirable. In the short story ?Paul?s Case? by Willa Cather flowers become symbolic of Paul?s relentless but doomed determination to escape his world of middle class conformity and inhabit an exotic universe of the arts‚ of beauty‚ of artificiality and of wealth. To begin with‚ early in the story the reader becomes aware that flowers play a
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The initial purpose of Section 504 was to provide access for students with disabilities to public schools. Some of that role is shared with IDEA. While IDEA now serves students with the most severe disabilities‚ Section 504 emphasizes an antidiscrimination statute and requires that the educational needs of students with disabilities be met as adequately as the needs of other students. This protection extends to students who are covered under IDEA as well as those students whose disabilities are not
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purchased on account at a cost of $18‚000‚ to be paid within 30 days. Supplies were purchased for $1‚000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1‚875 if purchased under normal circumstances. Oct. 1–6 Revenues of $5‚500 were earned and paid in cash. Expenses required to earn the revenues of $4‚000 were incurred and paid in cash. a. Prepare a balance sheet at September 30‚ 2011. (You will need to compute the missing figure for Notes Payable). (Be
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Assignment week 1 (case study ) Mahmmoud Ahmad Mustafa Keller Graduate School of Management Abstract In this assignment‚ there is a case study ; I will solve these problems. Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from the college‚ he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis
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Wei Yan BMGT440 Flowers Industries Case Summary Flowers Industries Incorporated is a fortune 500 company‚ headquartered in Thomasville‚ Georgia. They produce a variety of branded baked foods‚ snacks‚ and convenience foods. The company philosophy says “we don’t want to be the biggest food company; we simply want to be the most profitable.” This goal shows that the company is incentive is to please investors rather than focus on customer service. In March 1985‚ Marty Wood‚ the senior VP and CFO
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" The flower is god’s finest workmanship in the world. It is his finest gift to mankind." Flowers hold grace‚ beauty‚ and love all inside a small‚ delicate‚ warm hearted piece of nature. Yes‚ flowers are nothing more than a foot tall‚ but the joy and happiness it brings to one‚ overpowers it by twenty. I’d rather have roses on my table than diamonds on my neck. ~Emma Goldman The flower is a pure‚ beautiful creation of nature. Everyday we are exposed to the enriched colors and charming qualities
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