Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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Disney Adapts to Cultural Differences I grew up watching Disney as a kid‚ and still even enjoy some of the shows that are aired today; I am not ashamed to admit it.. Ok maybe a little bit‚ but that is beside the point. Disney is the perfect idea for kids of all ages and backgrounds because every story that is told empowers the youth to enjoy their life‚ no matter the circumstances. I know that was true for me because when I would watch Disney channel on the television or watch a Disney animated
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About ten years ago‚ my parents decided to take a family vacation to Disney World and Universal Studios in Orlando‚ Florida. At the time‚ my family was hosting an exchange student from Germany named Claudia. My grandmother was also invited to join us on our trip to Florida. When we arrived at the Indianapolis International Airport‚ my brother forgot one of his bags in the car. He put up a big fight about going back to get it‚ and he caused us to miss our flight. We had to wait four more hours
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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locations‚ offering a wide range of leading brands with particular focus on consumer electronics‚ electrical goods and software including music‚ games and movies. In this case study there are no properties activities mentioned in the Report. With the accounting policies relating to Property‚ Plant‚ and Equipment adopted by the company is mentioned as Plant and equipment‚ leasehold improvements and equipment under finance leases are stated at cost less accumulated depreciation and impairment (if any).
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AP European History THE COLD WAR in EUROPE (1945-1990) Watershed Events 4th Quarter 1. Berlin Blockade and Airlift • Who - Soviet and Western Allies • What - The soviets chose to seal the city off by closing all railroads and highways that led from Berlin to West Germany in order to drive the Western powers out of Berlin. Soviet wanted to get the Allies to give up Berlin. The Allies chose to drop off supplies via planes to support West Berlin. When - 1948/49 Where - Berlin Why - Rising tension
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Cambria Rooney 10.10.11 Period 4 The Black Plague struck Europe for the first time in the 15th century‚ wiping out one third of the entire western population. This pandemic changed the way the people who were affected thought and how they lived their lives. The Europeans’ actions within the 15th through 18th centuries were influenced by the need to control the disease‚ fear‚ and their own self-interest. The Europeans tried many ways to maintain the plague from getting worse and spreading
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Chapter2 essay The Renaissance in Europe made a great change to culture‚literature even the religion of it‚and there were the Italian Renaissance and the northern Renaissance‚which distincted from the Italian Renaissance.In the time of Italian Renaissance‚art and literature were the point that the people most took the most serious on;the northern renaissance focued more on the scientific and mathematic things which demonsrated by their invention of the printing press. In addtion‚the Italian Renaissance
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During the Middle Ages‚ feudalism was common and people lived mainly under their lords. Peasants were assigned to work on their lord’s land and were not able to move around freely. Peasants generally lived under their lords and would only get the surplus food after they provided for their lords in exchange for the use of the land. In the late Middle Ages‚ peasants started fleeing local king owned communities and went to vast‚ open‚ and totally uninhabited land. The reason why this shifted is that
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