1. award: 0 out of 0.00 points On June 1‚ Cline Co. paid $892‚000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying values for Renn’s assets and liabilities on June 1 follow: Cash $ 178‚000 Accounts receivable 237‚000 Capitalized software costs 374‚000 Goodwill 110‚000 Liabilities (201‚000 ) Net assets $ 698‚000 Note: Parentheses indicate a credit balance. On June 1‚ Renn’s accounts receivable had a fair value of $155
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What can do as AIS? User Designer Auditors System advisors Information system users Accountants use information systems to generate information for decision makers. Accountants as System Designers The accounting function is responsible for the conceptual system‚ while the computer function is responsible for the physical system. Accountants as System Auditors Financial auditors (Internal or External) Attest to fairness of financial statement Attest to fairness of internal controls
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Schedule NSCC Final Exam Schedule CLASS / INSTRUCTOR / IMPORTANT DATES INFORMATION CLASS INFORMATION Course Name: Class Item Number: Class website: MyAccountingLab™ Homework website: ACCT 202 – Principles of Accounting II (5 credits) 4026 (ACCT& 202.H1N) canvas.northseattle.edu (Access through Canvas) INSTRUCTOR INFORMATION Instructor: Marla Lockhart Office: IB 2415A Contact: e-mail: mlockhart@northseattle.edu You MUST include “ACCT 202” in the subject line or I may not see it! Example: “ACCT 202 Can
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Study Guide Chapter 5 1. “More than a toleration of an alien culture is required…there is need for affirmative acceptance as different but equal.” Elaborate. This statement refers to cultural adaptation. It is important for different cultures to meet in the middle and not lose what makes their culture unique. There are three aspects to adaptation. These are‚ cultural imperatives‚ cultural electives‚ and cultural exclusives. Imperatives are aspects of business that all cultures come
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Internet Based Tax Briefing 1 – Haig Simmons Aqeel A Sahibzada‚ University of Maryland University College ACCT 613/9040 – Professor Bruce McClain October 14‚ 2012 Subject: Haig Simmons – Loss recognition on anthracite coal future contracts‚ capital or ordinary loss Facts Taxpayer Haig Simmons operates an in home coal heating and delivery service for consumer uses in Baltimore and Anne Arundel counties. Due to the instability of coal resources and prices‚ Haig Simmons enters
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Acct 496 CH5 Assignment Kangkang Guo Q1. What is a provision‚ and when must a provision be recognized? Provision provides guidance for reporting liabilities of uncertain timing‚ amount‚ or existence. A provision should be recognized when: 1). The entity has a present obligation (legal or constructive) as a result of a past event. 2). It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of
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Final Project: Case Study - Michael’s Life Kathy Herman Psy 210 July 18‚ 2010 Beverly Salzman Final Project: Case Study - Michael’s Life Michael’s stress comes from the recent divorce ending a 15 year marriage and the inability to see his children as much as he would like. His employer’s announcement that do to budget constraints would result in layoffs is most certainly a big cause of stress. Without a job‚ he will not be able to support his children and maintain the townhouse he just
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Florida International University. MAN4120 - Managing Virtual Teams - Sections RVC & RPC - Spring 2013. Professor Jose Rocha. Final Virtual Teams - Software/Technology Productivity Tools Research Reports. WWW.MANAGEPRO.COM WWW.CENTRALDESKTOP.COM WWW.BASECAMP.COM Prepared by: High Performance Virtual Team 1. Gonzalez‚ Isidro Medina‚ German Pariente‚ Allison Vazquez‚ Yanet 2|Page Section 1 - Software/Technology Productivity Tools Research and Integration Report This section focuses
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Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 8/3/2014 Points Received: 188 / 200 (94%) Question 1. Question : (TCO A) The Financial Accounting Standards Board employs a "due process" system‚ which: has all CPAs in the United States vote on a new statement. enables interested parties to express their views on issues under consideration.
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Chapter 1 Introducing Financial Accounting Learning Objectives – coverage by question | |Mini-exercises |Exercises |Problems |Cases | | |25 |29‚ 33 | |45‚ 46 | |LO1 – Identify the users of accounting information | | | |
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