ACCT 2300 Final Exam Review Sheet 1. Chapter 1 a. Types of businesses b. Purpose of accounting & Primary users of information c. Purpose of Financial Statements d. Conceptual Framework 2. Chapter 2 a. Objectives of Financial Reporting b. Financial Statements – Know how to calculate each and all the parts in them b.i. Income Statement – Single and Multi-Step Net Sales - COGS Gross Profit Operating Expenses: - General and Administrative Expenses - Selling Expenses
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Colonial 1. 1971 “Between 1607 and 1763‚ Americans gained control of their political and economic institutions.” To what extent and in what ways do you agree or disagree with this statement? 2. 1972 What role did unfree labor play in colonial American society? 3. 1973 From 1600 to 1763‚ several European nations vied for control of the North American continent. Why did England win the struggle? 4. 1974 “Puritanism bore within itself the seeds of its own destruction.” Apply this generalization
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This type of surveillance delivers social welfare because mothers are happy being able to receive all the support they can to do what is best for their babies (DD208‚ 2013‚ Chapter 2 - Part 1). Helping children at risk of future antisocial behaviour as early as possible shows how this type of surveillance is an investment to society in helping to prevent the likeliness of crimes‚ delivering crime
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ACCT 340 – Fall 2013 Exam 2 Review Problems: Chapters 5‚7‚8‚9 Chapter 5: 1. On February 1‚ 2007‚ Nance Contractors agreed to construct a building at a contract price of $6‚000‚000. Nance estimated total construction costs would be $4‚000‚000 and the project would be finished in 2009. Information relating to the costs and billings for this contract is as follows: 2007 2008 2009 Costs incurred in current year $1‚500‚000 $1‚140‚000 $1‚960‚000 Estimated costs to complete 2
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| ANS: D PTS: 1 DIF: 1 REF: 1-0 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Economy MSC: Definitional 2. The word “economy” comes from the Greek word oikonomos‚ which means |a. |“environment.” | |b. |“production.”
Free Economics Economics terminology Opportunity cost
Multiple Choice 1) C 2) B 3) B‚ E 4) A‚ D 5) A 6) D 7) C 8) A 9) C‚ D‚ A 10) C‚ D 11) A 12) B‚ D 13) B 14) C 15) A‚ D 16) D 17) D 18) D 19) A 20) B Define the Key Terms Application: Generally‚ a function on any kind of computer or electronic device that is useful to the user‚ which can give the user a reason to want to own and use the device. More specifically‚ software that performs some useful function for a user. Computer network: A combination of many components
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Stockholders own which type of business? The accounting equation may be expressed as Jason purchased office equipment for $4‚800 on account. This transaction would have what effect on the accounting equation? Stephen purchased office supplies for $800 in cash. This transaction would have what effect on the accounting equation? Meghan started her business by investing $30‚000 in cash. This transaction would have what effect on the accounting equation?
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Confucianism Beliefs: • One of Conficius’s most important tenets was respect for different family members and reverent treatment for the elder members of any society or group. • He simply wanted to instruct others in his ideas and help them behave morally. • Confucius wanted his fellow men to be upright and honorable‚ and to uphold the standards of behavior that had distinguished the Chinese empire in years past. • Confucius encouraged moderate behavior‚ thought‚ and action; • He asked all
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SC 121 Human Anatomy & Physiology 1 Cholesterol: A Patient Conversation with Mr. Brown regarding his test results. Here are the test results where I will explain everything to you after I read the results and answer any of your questions. Test Results Triglycerides 145 mg/dL Desirable Cholesterol 210 mg/dL Borderline High HDL 33 mg/dL Low Level LDL 160 mg/dL High Triglycerides are fats from the food that we eat that are carried in the blood
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Regulations and Legislations at Huntingdon Life Sciences Following accidents and allegations‚ it has been said that health and safety are not being taken serious in Britain’s Scientific Workplaces‚ there are many organisations that keep a check on laboratories to make sure that they are continuing to maintain the standards that are required for that particular scientific area and that all the staff members who work there are not being put at risk. The aims of these regulations are to ensure safe
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