$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Rizal and The 19th Century Europe The 19th Century Europe gave rise to different spectacular developments around the world. It was at this period in history when nationalism grew to every abused heart especially the Frenches which gave rise to French revolution. It was at this juncture that Spain had political instability which paved way to the freedom of some of its colonies. The Enlightentment Period has truly enlightened the thoughts of people for this century gave birth to the new direction
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Unit-4 Hazrat Asma (R.H.) Q. Who were emigrants and where did they migrate to? Ans. Hazrat Muhammad (PBUH) and his companion‚ Hazrat Abu Bakr Siddique (RA) migrated from Makkah to Madina in the year 622 A.D. Q.What do you understand by the phrase “in a fit of fury”? Ans. The phrase means‚ “in great anger or filled with anger”. Q.Why was Abu Jehl furious? Ans. He was furious on Hazrat Abu Bakr ( R.A) because Hazrat Abu Bakr (R A) was helping the Holy Prophet ( PBUH). Q.What other words
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ISLAMIC STUDIES – GRADE 9 – 2013 - 2014 FORMATIVE & SUMMATIVE ASSESSMENTS SERIAL NUMBER FA1 (a) FA1 (b) FA2 (a) FA2 (b) WEIGHTAGE 10 10 (20 / 2 = 10) 10 10 FIRST SEMESTER TOPIC TOOLS OF ASSESSMENT Project: The Pillars of Iman Content and Language PERIOD OF ASSESSMENT 14/5/2013 – 27/5/2013 15/9/2013 – 24/9/2013 Qur’an: Surat-ul-Haqqah (1- Oral Test (Fluency and 12) Application of Tajweed) Poster Making: Oral Test (Fluency and Qur’an: Surat-ul-Haqqah (19Application of Tajweed) 24) 1. UA C1 - Prophets
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Period 3 -053012 Odyssey Essay Odysseus‚ from the epic poem The Odyssey written by Homer‚ is a classic epic hero. Although he has admirable qualities‚ he also has faults like any other human being. His cleverness and leadership make him a hero. Not all heroes being perfect‚ he has a very overactive curiosity. First of all‚ Odysseus’ cleverness is truly a valuable trait to have‚ as this hero finds himself in many difficult situations. During the Trojan War‚ Odysseus uses
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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