More Practice for the Final Exam Adjusting Entries Key _____ 1. Accruals occur when cash flows: A) Occur before expense recognition. B) Occur after revenue or expense recognition. C) Are uncertain. D) May be substituted for goods or services. Answer: B _____ 2. An example of a contra account is: A) Depreciation expense. B) Accounts receivable. C)
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Problem set C PROBLEM 3-1C For each of the following entries‚ enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.) A. To record receipt of unearned revenue. B. To record this period’s earning of prior unearned revenue. C. To record payment of an accrued expense. D. To record receipt of an accrued revenue. E. To record an accrued expense. F. To record an accrued revenue G. To record this period’s
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Abnormal Behavior There are many different ways to define abnormal behavior. We will work from the definition of "behaviors and/or thoughts that are harmful to yourself or to others". What is the cause of abnormal behavior? That is not an easy question to answer. By today’s standards (and to some extent depending on the disorder)‚ we would say that it is a combination of both nature and nurture. Some would say it is because of traumatic events‚ some say it is because of learning‚ others would
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In the film Miss Evers’ Boys‚ several of the now-existing APA guidelines are violated to the extreme . The movie‚ which illustrates the Tuskegee Study conducted by a group of southern doctors in 1932‚ tells the story of a group of African-American men who are being unknowingly studied to see if untreated syphilis reacts the same way in African-Americans that it does in white men. At first‚ treatment is given to them but once the funds for the study are cut and treatment is no longer made available
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Balance per depositor’s records‚ Dec 31‚2009 | | $45‚000 | Deduct: | | | | | | Bank Service Charge | $25 | | | NSF check from Iggy Bates | $2‚500 | $2‚525 | Adjusted cash balance | | | $42‚475 | GUITAR UNIVERSE‚ INC. | General Journal | Bank Service Charges | $25 | | Accounts Receivable (Iggy Bates) | $2‚500 | | Cash | $2‚525 | To record bank charges
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Violated rights Anne violated. Mr. Frank took Anne’s private papers and shared them with the world. Mr. Frank violated Anne’s rights by publishing her diary because Anne rewrote her diary and planned on only publishing the one she rewrote‚ as she left out conflict and sexual content when she rewrote her diary‚ but Mr. Frank published both diaries. Initially Anne left out conflict and sexual content when she rewrote her diary. “Is not‚ in fact‚ the singular original diary written by Anne Frank” (Bartnett
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rates for many countries have been calculated by the U.S dollar. The Canadian dollar relative to the U.S dollar has fluctuated dramatically over the last half century‚ with the Canadian dollar for the majority of that time being weaker. Canada’s dollar reached an all time low‚ “January. 21st‚ 2002 at 61.79 cents U.S.”(http://www.cbc.ca/news/business/macquarie-loonie-forecast-1.3401644). Recently over the past few years the strength of our dollar is has been failing‚ looking after the great fall in 2008
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1. | ch01001 | | Financial accounting information is: | | | Student Response | Value | Correct Answer | Feedback | A. | Designed to assist investors and creditors. | 100% | | | B. | Not used by managers and in income tax returns. | | | | C. | Called "special-purpose" accounting information. | | | | D. | Not applicable to individuals. | | | | | Score: | 2/2 | | | 2. | ch01003 | | Generally accepted accounting principles: | | | Student Response |
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The Generals In my personal opinion‚ I think that the Generals assemblage was a great success. Many websites and a book that I have looked at said that the statue gives off a humorous feel than serious. Most serious sculptures would only depict one rider on a steed‚ whereas the Generals has two men (one being our country’s Founding Father and the other Simón Bolívar‚ the political and military leader of Venezuela). It is also to be noted that the way the horse is depicted in the statue--it is very
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