Test 1 Chapters 1-4 Student: ___________________________________________________________________________ 1. A cause-and-effect relationship is implicit in the: A. Realization principle. B. Historical cost principle. C. Matching principle. D. Going concern assumption. 2. Accounting standard setting has been characterized as: A. A political process. B. Using the scientific method. C. Pure deductive reasoning. D. Pure inductive reasoning. 3. The FASB ’s conceptual framework ’s qualitative
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Cost of the furniture …………………………………………………… Freight charges ………………………………………………………… Sales taxes ……………………………………………………………… Installation of furniture ………………………………………………… Cost of repair furniture damaged during installation …………………… $11‚000 375 550 75 400 Instructions a. Compute depreciation expense for the years 2011 through 2014 under each depreciation method listed below: 1. Straight-line‚ with fractional years rounded to the nearest whole month. 2. 200 percent declining-balance‚
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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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Demand on No Homework Homework one of life’s struggles for students from the starting of school until the day they graduate. It makes kids hate learning since they know they have to do homework once they get home. Pressure is just one of the things that lead to stress in students because of homework and the need to stay awake all night to finish their homework. In order to get people to help abolish homework one should look to the reasons why homework should not be assigned such as it would be
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Homework or Not? That is the (Research) Question. By: Alison DeNisco District Administration‚ March 2013 Woe unto the administrator who ventures forth into the homework wars. Scale it back‚ and parents will be at your door complaining about a lack of academic rigor. Dial it up‚ and you’ll get an earful from other parents about interference with after-school activities and family time. If you’re looking to bolster your particular position with research results‚ you’re in luck‚ because there
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Homework is bad for you. Researchers say it is excessive and counterproductive(Current Events 10/27/06.) The U.S.A has one of the lowest test scores in the whole world because the teachers give high amounts of homework. Homework in high quantities doesn’t pay off. “First‚ they say‚ the government now requires schools to meet higher-than-ever achievement goals for students. If students don’t succeed‚ the school faces penalties. Second‚ many parents want their children to be able to get into the nation’s
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COURSE INFORMATION Quarter – Winter 2013 Day/Time – Tuesdays‚ 6:00p.m.-10:00p.m. Instructor – Timothy E. Carr‚ CPA Instructor Email: timothy.carr@strayer.edu Instructor Phone: 901-359-8408 Instructor Office Hours – By Appointment COURSE DESCRIPTION This course provides a framework for financial accounting concepts and practices used by internal and external users in businesses. Topics presented include the accounting cycle‚ financial reporting‚ financial
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Eco 550 Quiz 1 • Question 1 2 out of 2 points Which of the following is considered to be a cost of information? Answer Selected Answer: The time spent to collect the information. Correct Answer: The time spent to collect the information. • Question 2 2 out of 2 points Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant’s: Answer Selected Answer: sunk cost. Correct Answer:
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CHAPTER 4 JOB COSTING 4.16 (10 min) Job order costing‚ process costing. a. Job costing l. Job costing b. Process costing m. Process costing c. Job costing n. Job costing d. Process costing o. Job costing e. Job costing p. Job costing f. Process costing q. Job costing g. Job costing r. Process costing h. Job costing (but some process costing) s. Job costing i. Process costing t. Process costing j. Process costing u. Job costing k. Job costing 4-17 (20
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tests. Now imagine that you have to lug a heavy book bag home just to sit there and do homework for one to three hours. I know how this feels and I’m sure this is what kids my age have to go through every single day at school. Homework is annoying‚ boring and just downright hard. Unfortunately‚ every kid our age has to do it and that’s why I think that there should be no homework. There should absolutely be no homework what’s so ever because it’s too much work‚ it’s completely unfair to kids‚ and afterschool
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