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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The age-old double standard of sexuality and gender is a historical and still currently prevalent issue that both male and females both face‚ though one more than the other. A double standard‚ as defined by Merriam Webster‚ is a set of principles that apples differently and usually more rigorously to one group of people or circumstances than to another. It is clearly evident that there are double standards within the sexes regarding sexuality. Women are ridiculed‚ shamed‚ and stigmatized for being
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year and 4th year‚ researcher chose them to become their respondents. The researcher‚ 1st year Accounting Student made a research about some factors of motivation and distraction that affect the performance of the students. Motivation and effort significantly influence individual performance in college as the review of prior research below indicates‚ few studies have investigated their impact on accounting student. The objective of the study is predicated on the assumption that identification of some
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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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developed certain basic standards against which the mushrooms are measured before they are used. This chapter intends to focus on these standards‚ employed to distinguish among the mushrooms.
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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4.2 Strict standards Furthermore the research on finding new antibiotics is strictly regulated under standards‚ licenses and regulations‚ which make the process of finding new antibiotics very hard and non-lucrative for companies [9]. Most antibiotic trials are based upon an equivalent already existing antibiotic. These trials underlay very strict standards‚ such as that the antibiotic which gets tested must achieve equivalent or similar efficiency as the older version. The amount to which the efficacy
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ethics mean to you?" Among their replies were the following: "Ethics has to do with what my feelings tell me is right or wrong.""Ethics has to do with my religious beliefs.""Being ethical is doing what the law requires.""Ethics consists of the standards of behavior our society accepts.""I don’t know what the word means." The meaning of "ethics" is hard to pin down‚ and the views many people have about ethics are shaky. Like Baumhart’s first respondent‚ many people tend to equate ethics with
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Vietnam was a struggle which‚ in all honesty‚ the United States should never have been involved in. North Vietnam was battling for ownership of South Vietnam‚ so that they would be a unified communist nation. To prevent the domino effect and the further spread of communism‚ the U.S. held on to the Truman Doctrine and stood behind the South Vietnamese leader‚ Diem. Kennedy and Diem were both killed in 1963 and 1964. Johnson took control of the situation by increasing the amount of money and manpower
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