CHAPTER 5 PRODUCT AND SERVICE COSTING: A PROCESS SYSTEMS APPROACH LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Describe the basic characteristics of process costing‚ including cost flows‚ journal entries‚ and the cost of production report. 2. Describe process costing for settings without work-in-process inventories. 3. Define equivalent units‚ and explain their role in process costing. 4. Prepare a departmental production report using the FIFO method
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Manipulation of financial reporting – Usage of subsidiaries or other entities to borrow money without reporting the debt on their balance sheets – Using special entities to manipulate profits – Manipulation of accounting for mergers and acquisitions • Pooling-of-interests 1-4 Business Expansion and Forms of Organizational Structure • Expansion from within: New subsidiaries or entities such as partnerships‚ joint ventures‚ or special entities • Motivating factors: – Helps establish
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What is passive transport? Passive transport is the movement of substances across the cell membrane without the use of energy by the cell. During passive transport‚ substances move down their concentration gradient‚ hence no energy is required. Passive transports can happen through three different channels‚ namely 1. lipid bilayer 2. pore protein 3. carrier protein SIMPLE DIFFUSION What is diffusion? Diffusion is the movement of particles from a high density region to a low
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THE ACCOUNTING CYCLE LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM The Accounting Cycle © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-486-1 Download free books at BookBooN.com 2 Contents The Accounting Cycle Contents Part 1:
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Punctuality is the habit of doing things promptly at the proper time. It must be considered a cardinal virtue because of its beneficial fruits‚ and also because of the harmful effects a lack of it can produce. In most enterprises‚ punctuality is the key to success. Procrastination‚ the vice opposite to punctuality‚ can bring nothing but failure. Often it brings ruin and disaster. A student‚ for instance who comes late for an examination may not be able to write that examination at all. Failure and
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Chapter 1 – Assignment Part 1 BE 1-1 (a) SP - Shared control‚ tax advantages‚ increased skills and resources (b) P – Simple to set up and maintains control with owner (c) C – Easier to transfer ownership and raise funds‚ no personal liability BE 1-2 1. Trying to determine whether the company complied with tax laws. (E) Internal Revenue Service 2. Trying to determine whether the company can pay its obligations. (C) Creditors 3. Trying to determine
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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Chapter 3 & 4 Outline: Chapter 3: Jurisdiction Chapter 4: Alternative Dispute Resolution Chapter 3: Jurisdiction Equal Protection 14th Amendment of US Constitution Nor deny any person within its jurisdiction the equal protection of the laws 2009 Iowa Supreme Court Case Matter of equal protection under the law Check & Balances of 3 branches of government Judiciary checking legislative’s power ISSUE: State statues definition of “marriage” -limiting it to man & woman. Unconstitutional
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the front lab table‚ or the eyewash bottles located at the entrance door‚ or the eye-face-body spray located next to the front lab table. Make sure you familiarize yourself with operating these devices before you start working in the laboratory. 4) a) What should be immediately used for a large chemical spill on the clothing? Use the safety shower. All contaminated clothing must be removed as drenching will only dilute the chemical absorbed by clothing‚ not wash it away. Washing should continue
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Partnership – Basic Considerations and Formation 1 CHAPTER 1 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 1-1: a Jose’s capital should be credited for the market value of the computer contributed by him. 1-2: b (40‚000 + 80‚000) 2/3 = 180‚000 x 1/3 = 60‚000. 1-2: c 1-3: a Cash P100‚000 Land 300‚000 Mortgage payable ( 50‚000) Net assets (Julio‚ capital) P350‚000 1-4: b Total Capital (P300‚000/60%) P500‚000 Perla’s interest ______40% Perla’s capital P200
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