E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing stage. 4. Lease prepayment (6 months’ rent paid in advance). 5. Cost of equipment obtained. 6. Cost of searching for applications of new research findings. 7. Costs incurred in the formation
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Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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Part 3 The bankruptcy of Enron not only significantly impact the employment and pension of workers‚ but also the relevant major financial institutions‚ including investment Banks‚ commercial Banks‚ pension funds and mutual funds. On Feb. 14th‚ 2002‚ the international accounting standards foundation chairman and former Federal Reserve chairman Paul pointed out that the obvious problems in accounting and auditing profession has formed a kind of crisis after a long-term period of existence. A typical
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ACCT301 Week 2 Homework 1. In two to three paragraphs‚ describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) Sarbanes-Oxley Act was created in order to ensure that controls were implemented and monitored by the regulating authority. Congress wanted to make sure that there was a specific standard and guideline for companies to follow in order to prevent fraud at such a large scale. When followed correctly there are controls set in place that are internal
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–exam1-01/02/2012 Questions 1 thru 5 are True or False‚ 6 thru 11 are multiple choice 1) The marginal tax rate is useful in tax planning because it measures the tax effect of a proposed transaction. True. 2) If a taxpayer’s total tax liability is $30‚000‚ taxable income is $100‚000; the average tax rate is 30 percent. True. The average tax = total federal income tax divided by taxable income 3) S Corporations (pass thru entities) result in a single level of taxation. (Are not
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Has 505 The major online computer services such as Health Grades‚ America Online Inc.‚ and WebMD provide health news and medical and health forums where users can access medical libraries‚ exchange messages‚ and discuss health problems. In what ways might the growing use of these services by consumers affect future strategies for: Family practitioners? HMOs? Technology refers to the innovations or inventions from applied science and research. According to the book‚ adult use of the Internet
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Acct 555 HW Week 6 Chapter 14‚ pages 468–469: Problems 14-21‚ 14-22‚ 14-23‚ and 14-24 a. The accounting system will not post a sales transaction to the sales journal without a valid bill of lading number. This control is most relevant to which transaction-related objective for sales? (1) Accuracy (2) Occurrence (3) Completeness (4) Posting and summarization 467468 b. The accounting system automatically obtains the unit price based on scans of bar codes for merchandise sold. This control is most
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THE EFFECT OF PLAYING ONLINE GAMES ON PRODUCTIVITY LEVELS An Interactive Qualifying Project Report Submitted to the Faculty Of the WORCESTER POLYTECHNIC INSTITUTE In partial fulfillment of the requirements for the Degree of Bachelor of Science by Michael Anastasia AND Jeremiah Chaplin Date: May 5‚ 2005 Professor Mark Claypool‚ Advisor Abstract Playing computer games at work is often discouraged‚ even though there is evidence that work breaks increases productivity and that
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Final Project: Analyzing Financial Statements Erin Magoon - Resource: Appendix A - Review the financial statements in Appendix D. - Calculate the following: Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs and expense ratio‚ general and management and expense ratio‚ fund-raising and expense ratio‚ and revenue and expense ratio for the years 2003 and 2004. Current ratio 2003 – 82‚058/93‚975 = 0.87 2004 – 302‚902/337‚033 = 0.90 Long-term solvency ratio 2003 – 359‚863/259
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CONFIDENTIAL LG/OCT2010/BEL311 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE ENGLISH FOR ACADEMIC PURPOSES COURSE CODE BEL311 EXAMINATION OCTOBER 2010 TIME 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts: PART A: SECTION 1 SECTION 2 PART B: (1 Question) 2. (7 Questions) (7 Questions) Answer ALL questions from all parts in the Answer Booklet. 3. Do not bring any material into the examination room unless
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