Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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The first three chapters of Huxley’s Brave New World already show the alarming‚ but all the same mind-blowing differences between our society and the futuristic society that the novel presents. The reader gains knowledge of the orthodox but profoundly strange ways of the fictitious world through a tour given by the Director of Hatcheries and Conditioning to new students at the building. In these pages‚ I especially noticed the peculiar way babies are made‚ born‚ nurtured‚ and raised. There are no
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68 Chapter 4 CHAPTER 4 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 4-1: a PAR BOOGIE BIRDIE Capital balances before realization P 20‚000 P 16‚000 P 10‚000 Loss on liquidation‚ P40‚000 ( 20‚000) ( 12‚000) ( 8‚000) Cash distribution P – P 4‚000 P 2‚000 4-2: c PING PANG PONG Capital balances before liquidation P 50‚000 P 50‚000 P 10‚000 Gain of P10‚000 (150‚000-140‚000) __6‚000 __2‚000 __2‚000 Cash distribution P 56‚000 P 52‚000 P 12‚000 4-3: b PING
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• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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Chapter 4 Questions: 1. Define motivation by using a figure to explain the motivation process 2. Discuss the statement “marketers don´t create needs; needs pro-exist marketers.” Can marketing efforts change consumers’ needs? Why or why not? Can marketing efforts arouse consumer needs? If yes‚ how? 1 Marketers do not create needs‚ though in some instances they maymake consumers more keenly aware of unfelt needs. The tact that many new products take illustrates that marketers often do not
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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CHAPTER 4: PRIVACY PRIVACY PROTECTION AND THE LAW Privacy – Key concern of Internet users – Top reason why nonusers still avoid the Internet THE RIGHT OF PRIVACY Definitions -the right to be alone – the most comprehensive of rights‚ and the right most valued by people. (Justice Louis Brandeis‚ Olmstead v. US‚ 1928) -the right of individuals to control the collection and use of information about themselves. Legal Aspects Protection from unreasonable intrusion upon one’s isolation
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Assessment of Chapter 4 Chapter four in Sandel’s book “Justice” talks about markets and morals. In this chapter we consider the morality of paying people to perform different types of work such as fighting wars and bearing children. The question that stands is whether there should be a market‚ when money is involved‚ to the aspect of morality. One good example that Sandel portrays in this chapter is “Pregnancy for Pay.” Thinking through the rights and wrongs in this example helps clarify the
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EXERCISE 14-1 (15-20 minutes) Valuation account relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability
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Of Mice and Men Reading Comprehension – Chapter 4 How is Crooks’ living quarters different from the men’s bunk houses? For what reason does Lennie go to the barn? How does Crooks react to Lennie when he comes to visit? Why does he react this way? What do we learn about Crooks’ family life? Crooks teases Lennie about George leaving him. Why do you think Crooks does this? How does Crooks truly feel about Lennie and Candy’s visit? Why does Crooks doubt George and Lennie and Candy’s goal
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