for services to be performed in 2015 Paid $1‚625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2015 What is Crue’s 2014 net income using accrual accounting? a. $2‚925. b. $3‚175. c. $4‚925. d. $5‚175. 3. __D___ A law firm received $3‚000 cash for legal services to be rendered in the future. The full amount was credited to the liability account Unearned Service Revenue. If the legal services have been rendered at the end of the accounting period and
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Deciduous forests are closer to the equator than the coniferous forests of the tiaga‚ and so they have a longer growing season. This gives the plants more time to produce food‚ and the forest yields about 6000 Kilocalories per square meter per year for animals to eat. These primary producers form the first trophic level. The trees in the deciduous forest shed their leaves in winter. This prevents their branches from being broken by the weight of the snow‚ but also means that they have to grow leaves
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Patrick Treadwell Acct 301 Project 4 Case 9-1 Hudson has been dealing with substantial warehouse costs. Hudson should account for these warehouse costs related to inventories by removing them from the cost of inventories. We learn that certain criteria need to be met in order to establish this which includes: cost incurred to bring inventory in a location to sale (Spiceland). Hudson Company uses the lower-of-the-cost-or-market method for the reason that is allows you not to place greater value
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comprises XCOM 100 Week 8 CheckPoint Mass Communication Paper XCOM100 / X COM 100 / Week 1 DQs XCOM100 / X COM 100 / Week 2 CheckPoint: Stereotypes Paper XCOM100 / X COM 100 / Week 2 Assignment: Self-Esteem Worksheet and Response Paper XCOM100 / X COM 100 / Week 3 DQs XCOM100 / X COM 100 / Week 4 CheckPoint: Interpersonal Communication Worksheet XCOM100 / X COM 100 / Week 5 CheckPoint: Group Member Worksheet XCOM100 / X COM 100 / Week 5 DQs XCOM100 / X COM 100 / Week 6 Assignment:
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------------------------------------------------- ACCT 201 ------------------------------------------------- ------------------------------------------------- Chapter 1 Solutions The Financial Statements ------------------------------------------------- Short Exercises (5 min.) S 1-1 Computed amounts in boxes | | | | | | | | Total Assets | = | Total Liabilities | + | Stockholders’ Equity | | | | | | | a. | $340‚000 | = | $130‚000 |
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occurred: 1. issued stock for $40‚000 2. borrowed $20‚000 from bank 3. provided services to customers for $53‚000 cash 4. paid back $8‚000 of the loan from the bank 5. paid rent expense‚ $9‚000 6. purchased equipment costing $15‚000 7. paid operating expenses‚ $25‚000 8. paid $4‚000 dividend to stockholders What was the company’s net cash flow from operating activities? A) $15‚000 B) $19‚000 C) $52‚000 D) ($48‚000) 3. The first organization created with the purpose of establishing
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Mgt 710 Process Innovation and Management Homework Exercise The objective of this homework is to understand how business processes are managed in organizations. A. Students who are working in an organization Please have the attached survey completed by a business manager who is senior enough to have a perspective on the processes in a major part of the organization. You should be able to complete the questions in Section A of the survey yourself. The remaining questions in the survey should
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bookkeeping‚ administrative‚ first line supervisors‚ and some human resources. Being that my current degree program is concentrated in human resources it is good to know that I have the skills deemed necessary by O*Net to work in a human resources position. 3. Working as a human resources professional conducting a job analysis using O*Net would be beneficial. I would use this site to compare what other companies are looking for in their employees. What requirements they have and what kind of personalities
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Student Name Ka’Skyler Thompson Course and Section Number Program of Study FIN 1103 Business Finance FIN 1103 Week 8 Individual Work Renter’s Insurance and Automobile Insurance Claims Assignment Instructions To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. Save and Submit to Dropbox 1. Save your work as
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ACCT 712 Final Exam 1. Net cash will be different from a company’s net income because of the changes in working capital (inventories‚ receivables‚ etc.) which is derived in the operating flows on a cash flow statement. By taking net income and making adjustments to reflect the changes‚ net cash flow from operating section will show how cash was generated. Another main reason is the translation process from accrual accounting to cash accounting because for example revenue reported on a accrual
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