governments and not-for-profits than it is in businesses? Revenues and expenditures are controlled or strongly influenced through the budgetary process. 3. What is meant by “interperiod equity”? What is its consequences for financial reporting? The term interperiod equity is the concept that emphasizes that entities should not transfer costs eve to future years‚ let alone future generations. 4. Why may the “matching concept” be less relevant for governments and not-for-profits than it is for
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Hong Kong University of Science and Technology Department of Accounting ACCT 3610 Functions of law in Society and Business Spring 2012-2013 Course Duration: 1 Semester Medium of Instruction: English Textbooks 1) An Introduction to Hong Kong Business Law: Vanessa Stott (Fourth edition‚ Longman) 2) Introduction to Law in the Hong Kong SAR: Ian Dobinson and Derek Roebuck (Second Edition‚ Sweet Maxwell) Instructor Instructor Room Email Consultation
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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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-----------------------‚---------------- ADVANCED ACCOUNTING EXAM III - Part I FALL2013 NAME _ Part 1: Prepare journal entries in the General Fund for each of the following events relating to the City of Santa Rosa (all amounts in $1‚000s). Required a. The citizens approve the following budget for the year: . APPROPRIATIONS $22.888 2‚000 . ESTIMATED REVENUES .............................................•.... ESTIMATED OTHER FINANCING SOURCES $ 2‚479 (22
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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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Chapter 1 Ten Principles of Economics Multiple Choice 1. THE ENGLISH WORD THAT COMES FROM THE GREEK WORD FOR "ONE WHO MANAGES A HOUSEHOLD" IS |a. |market. | |b. |consumer. | |c. |producer.
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ACC-550 / Week 1 Homework CHAPTER 1 CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false‚ explain why the statement is false. 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. True 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. False (all companies must comply to all standards and
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In the years 550 - 600 there was political disorder in Arabia and communication routes were not safe to use. Religions were different in every kingdom across Arabia and was a large cause of this crisis. Judaism was the dominant religion of Himyarite Kingdom‚ while Christianity became the official religion in the Persian Gulf. While much of Arabia believed in more than one god (polytheism)‚ there was want for a more spiritual religion. Most did not want to be converted to a foreign faith‚ but those
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’November’ By Simon armitage and ’Mid - Term Break’ by Seamus Heaney Mid-Term Break”‚ by Seamus Heaney‚ is a free-verse poem that portrays the event in which the speaker‚ who came back from boarding school‚ deals with the loss of a younger brother.In this poem there are several important themes such as time‚ age‚ family‚ pain‚ love and most of all death. This poem takes the audience along on the speaker’s journey to accepting his little brother’s death. The author used a number of imagery
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CLCIK TO DOWNLOAD ECO 550 Midterm Exam 1. Income tax payments are an example of ____. 2. The moral hazard in team production arises from 3. Which of the following will increase (V0)‚ the shareholder wealth maximization model of the firm: V0∙(shares outstanding) = Σ∞t=1 (π t ) / (1+ke)t + Real Option Value. 4. In the shareholder wealth maximization model‚ the value of a firm’s stock is equal to the present value of all expected future ____ discounted at the stockholders’ required rate
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