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
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Managerial Accounting Chapters 11-13 Chapter 10 – 3 Relevant costs are costs that are avoidable by choosing another alternative. If a variable cost differs between alternatives in a decision‚ than it is relevant; however‚ it is not necessarily true that ALL variable costs are relevant. Chapter 10 – 7 Prentiss would need to isolate the unavoidable costs of the product line first. A decision of whether a product line or other segment should be dropped should focus on the differences in the
Premium Net present value Investment
"Journey to the Center of the Earth‚" by Jules Verne An adventure is an exciting or unusual experience. And it may also be a bold‚ usually risky undertaking‚ with an uncertain outcome. Adventures may be activities with some potential for physical danger . 1 a : an undertaking usually involving danger and unknown risks b : the encountering of risks 2: an exciting or remarkable experience 3: an enterprise involving financial risk Adventurous experiences create both psychological
Premium Risk Adventure Jules Verne
Adventure in the forest‚ island and in the desert 282575-3110230Adventure EmpireLife Gives You An Adventure So Take It Done by: Aya Alkhatib ‚ Reem Ali ‚Meera Obiud. Class: 9-B About us Adventure‚ it runs in our blood. We originated adventure traveling in the Middle East so we launched the idea in 1976 .Now we have over thousands of small group trips with the leading of an adventure travel specialist ‚also we can make an adventure just for you! You can never have the level of the experience
Premium United Arab Emirates Sand Desert
Multiple Choice: 1. In general terms‚ financial assets appear in the balance sheet at: a. Face value b. Current value c. Cost d. Estimated future sales value 2. Which of the following practices contributes to efficient cash management? a. Never borrow money – maintain a cash balance sufficient to make all necessary payments. b. Record all cash receipts and cash payments at the end of the month when reconciling the bank statements
Premium Generally Accepted Accounting Principles Inventory Balance sheet
Chapter 1: The Accounting Environment – What is Accounting and Why is it Done? Accounting is a system for gathering data about an entity’s economic activity‚ processing and organizing the data and in turn‚ communicating that information to people who want to use it to make decisions. Data are unprocessed facts about an entity’s economic activity that is entered into an accounting system whereas information results from organizing and presenting the data in ways that make it useful for decision
Premium International Financial Reporting Standards Tax Business
Principles of Accounting 1 Christina Doty American InterContinental University January 9‚ 2013 Dear Dad‚ I’m writing this letter in the hopes that I can help you better understand accounting‚ and use your new software more efficiently‚ and accurately. I know accounting can seem frustrating‚ tiresome‚ and difficult to learn or comprehend. I will explain things so that you will be able to understand them. Dad you need to understand what accounting is‚ Accounting is the process of keeping
Premium Generally Accepted Accounting Principles Double-entry bookkeeping system Income statement
Araspreet Kaur February 19‚ 2013 Mr. Sakowich Period 7 Medieval Churches The Medieval Church had a large role in the Middle Ages and everyone’s daily life revolved around the church. In the Middle Ages‚ when there was a weakened government‚ the church rises in power and becomes more of a political role. The church had all control over the people. Peasants worked for no pay on the church land. Also‚ the church didn’t pay any taxes which saved them a lot of money making them
Premium Middle Ages Pope Bishop
Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
Premium Business ethics Ethics Morality
FACULTY OF BUSINESS & MANAGEMENT COURSE: BACHELOR OF ACCOUNTING WITH HONOURS COURSE CODE: BBFA2203 COURSE TITTLE: INTERMEDIATE FINANCIAL ACCOUNTING 1 SEMESTER: JANUARY 2013 MATRICULATION NUMBER : 861109355388001 IDENTITY CARD NUMBER : 861109-35-5388 TELEPHONE NUMBER : 016-4263635 E-MAIL : ajima_s@yahoo.com TUTOR : IZDIHAR B. BAHRIN @ MD. DAUD LEARNING CENTRE : GREENHILL LEARNING CENTRE DECLARATION I hereby declare that the work in
Premium Milk Balance sheet