Categorize the accounting tasks performed by Urlacher as relating to either the identification (I)‚ recording (R)‚ or communication (C) aspects of accounting. E1-2 (a) The following are users of financial statements. ___I___Customers __I___Securities and Exchange Commission ___C__Internal Revenue Service __C__Store manager ___I___Labor unions __R__Suppliers ___C__Marketing manager __C_ Vice-president
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470-10 is not applicable in this situation. Product “X” is undeveloped and the status is undetermined‚ therefore‚ payments are not guaranteed through the future revenues of this particular product (ASC 470-10-25-1). Further‚ based on ASC 470-10-25-2‚ these factors do not apply in this case to qualify as a debt. However‚ the facts below would show why it is more appropriate to account for the financing of the research and development for product “X”‚ under ASC 730-20: 1. The main reason behind
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reported periodically or as needed by management and can be reported for the entire entity or for segments of the organization. 2. a. A line department is directly involved in the basic objectives of the organization‚ while a staff department provides service‚ assistance‚ or advice to line departments or other staff departments. b. (1) Sales Department (2) Personnel Department 3. Direct materials cost 4. Prime costs are the combination of direct materials and direct labor costs
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FASB Codification Case #1 Treasury Stock Paragraph 505-30-30-3 considers that “. If the purchase of treasury shares includes the receipt of stated or unstated rights‚ privileges‚ or agreements in addition to the capital stock‚ only the amount representing the fair value of the treasury shares at the date the major terms of the agreement to purchase the shares are reached shall be accounted for as the cost of the shares acquired”‚ and further the section mentions that “the price paid in excess
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addresses the issues related to accounting for income taxes. Taxable income is computed in accordance with prescribed tax regulations and rules‚ whereas accounting income is measured in accordance with generally accepted accounting principles. 2. (S.O. 1) Due to the fact that tax regulations and generally accepted accounting principles differ in many ways‚ taxable income and financial income frequently differ. The following represent examples of events that can result in such differences: (a)
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Joel Trump is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and double time for work on Sunday. Trump’s regular rate is $8 per hour. During the week ended October 10‚ he worked 9 hours each day from Monday through Friday‚ 6 hours on Saturday‚ and 4 hours on Sunday. Trump’s total earnings for the week ended October 10 are Which payroll taxes are paid by both the employee and the employer? The
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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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HOMEWORK QUESTIONS WEEK 4 3.) What are the parts of TCP/IP and what do they do? Who is the primary user of TCP/IP? TCP/IP is the transport/network layer protocol we use on the internet. Many BN’S‚ MAN’s and WAN’s rely on it. This is because it is relatively efficient‚ and transmission has few errors. Any errors that are found‚ are checked and so large files can be sent even in the most unsafe network and the data will still be unchanged. TCP/IP is very compatible with a number of data link protocols
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| ANS: D PTS: 1 DIF: 1 REF: 1-0 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Economy MSC: Definitional 2. The word “economy” comes from the Greek word oikonomos‚ which means |a. |“environment.” | |b. |“production.”
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This pack of COMM 102 Week 2 Discussion Question 2 comprises: When you write a paper using references‚ how do you keep track of what information you reference? Might there be a better way? What are some other important tips to share about writing an effective paper? Describe the strategies you use to organize your ideas before you write an academic paper‚ or a business memo‚ report‚ or proposal. Business - General Business COMM 102 Week 1 Individual Assignment Written Communication Exercises
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