Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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nd Their Influence on our Society Considering the huge influence Greek’s have had on today’s society‚ we are fortunate enough to have been taught many things such as astronomy‚ and because of that we owe them (Greeks) immensely. Greek Astronomy‚ are those who wrote in Greek language‚ known as classical antiquity. Greek astronomy is complied of ancient Greek‚ Hellenistic‚ Greco-roman and late antiquity eras. The Hellenistic period is known as the phase of Greek astronomy‚ where as Pre-Hellenistic
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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Modern Technology -- a Danger to our Societies Back a few decades ago‚ talking to someone from the street or having direct indications about the correct way to a destination was just a dream. Nowadays‚ we carry in our pockets devices that open for us the endless world of internet and which are powerful tools to ease our day-by-day life. However‚ phones‚ laptops‚ pagers and such devices can not only give you the information‚ but can send some information about you to the phone operator or to a computer
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interview with Sarah Lacy for Tech Crunch‚ he expresses that‚ although not a complete lie‚ higher education isn’t always as beneficial as our society likes to think. We are taught from a young age that the world will be without worries for those who try hard and graduate from a college or university‚ and that financial hardships will not even be a notion in our minds. Thiel thinks higher education can be counterproductive in this aspect and Lacy seems to agree with this. “..the idea that attending
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Smith‚ R.E. 2007: 624). Subconsciously our daily lives are regulated and influenced by social norms. We take these social norms for granted. (Passer/Smith‚ 2007:624) We see these customs as “normal” but as Michel Foucault illustrates in “Discipline and Punish‚ the Birth of the Prison”‚ these norms and patterns of behavior are a lot more complex than we may think. After reading “Discipline and Punish” I was able to identify in greater detail how our society is governed by social norms. This is evident
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A moment in history that changed our society to what it is today was The Women’s Right Movement‚ which began in 1848. At the time the U.S. was founded‚ it’s female citizens didn’t have many rights‚ especially compared to what the men had at the time. No women had the right to vote‚ married women couldn’t own property and had no legal claim to any money‚ even if they earned it. Women were also expected to focus on housework and motherhood‚ not politics or jobs. One of the biggest rights women wanted
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The Fault in Our Society There is both good and bad in modern day society; there would be no good without the presence of the bad. Violence‚ racism‚ and poverty‚ have not loosened their grip on civilization since the dawn of man; however‚ these issues may be a product of society itself. In The Adventures of Huckleberry Finn‚ author Mark Twain uses minor character Pap Finn to account for the flaws within society‚ and to explore the evils of human nature. To begin‚ Pap Finn is the embodiment of the
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up small details about themselves as well as their society. Our society has a large influence on the things that are bought‚ taken home‚ and displayed. Society also depicts what things are fashionable and what is not. This leads me to the fact that one acquires the ideals of the society that they live in. Through conforming we seem to make ourselves respectable‚ but does it mean that one must lose him/herself in order to gain the respect of society? I believe that this is the very struggle that presents
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