1. What is the defining distinction between for-profit businesses and not-for-profit‚ including governments? What are the implications of this distinction for financial reporting? Governments and not-for-profits provide services that are targeted to groups of constituents who advocate a political or social cause or who carry out research or other activities for the betterment of society. The objectives of governments and not-for-profits cannot generally e expressed in dollars and cents and are often
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Maggie Stephens Mr. Bannis Introduction to Philosophy- 1 November 18‚ 2014 Capstone: Philosophical Analysis The philosophical question‚ “Is beauty in the eye of the beholder?” is exemplified in F. Scott Fitzgerald’s The Great Gatsby. The concept of beauty is a reoccurring theme in “The Great Gatsby”: the way Jay Gatsby views Daisy Buchanan‚ the way Nick Carroway views Jay Gatsby‚ the symbol of the beauty of the green light at the end of Daisy and Tom Buchanan’s dock‚ and many characters’ view of
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1.1 Introduction In this present world of Technology‚ many people depend on it. One example for this is the usage of computer. Peoples from different profession like An Engineer‚ an Accountant‚ a Teacher and Business Executives have such things and reasons in common for using this kind of technology example. Computer are use to provide‚ process data needed to finish jobs on time and to run their businesses effectively. The discovery of this electronic device benefits the user to facilitate time
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In 1607‚ the Susan Constant sails to the "New World" from England‚ carrying British settlers of the Virginia Company. On board are Captain John Smith and the voyage’s leader Governor Ratcliffe‚ who seeks large amounts of gold in the New World to assure a strong position at the British court. Along the way‚ the Susan Constant is caught in a North Atlantic storm‚ and Smith saves a young‚ inexperienced Thomas from drowning. In the Powhatan Tribe in the New World‚ Pocahontas‚ daughter of Chief Powhatan
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Topic 1 – INPUT/OUTPUT Level 1 – Definition 1. A person wishes to purchase a personal computer for home usage. Identify the internal hardware components this computer should contain. a. Student should identify the following: Power Supply‚ Motherboard‚ CPU‚ RAM‚ HDD‚ USB ports for I/O’s such as mouse and keyboard. You also can add in DVD drives‚ I/O’s for speakers‚ monitor‚ and microphone. Level 2 – Application 2. Explain in simple terms the I/O process. a. “Input/Output”… Data is entered into the
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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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Assignment 1 E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list above would generally be reported as intangible assets in the balance sheet. 13. Goodwill acquired in the purchase of a business. 15. Cost of purchasing a patent from an inventor 16. Legal costs incurred in securing a patent. 17. Unrecovered costs of a successful legal suit
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Name: __________________________ Date: _____________ 1. Alpha Company’s stock trades on the NY stock exchange. For Alpha Company‚ revenue on account amounted to $5‚150. Cash collections of accounts receivable amounted to $2‚300. Expenses incurred on account were $2‚100. Cash paid on accounts payable was $1‚950. Alpha’s net income was A) $2‚900 B) $3‚050 C) $350 D) $200 2. Hamilton Company began operations in 2009. During the year‚ the following cash transactions occurred:
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The Role of Accounting on Business and our Society Purpose of Financial Statement Financial statement plays a significant role in business organization. Basically‚ it provides information about the performance‚ changes and the financial position of a business organization. The major purpose of financial statement is to provide essential information to a wide range of users as described below: Managers Financial statement helps the managers within a business organization to manage day
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Ver. 04/09 PRACTICE FINANCIAL QUIZ #1 NOTE: The figures in these questions are not representative of any company or industry and are for the purpose of learning certain financial concepts that pertain to marketing. PART I—SALES ANALYSIS The J&J Corporation manufactures television sets‚ DVD players and MP3 players. The wholesale prices to their customers can vary from under $100 to over $1000‚ depending on the technical complexity of the item and the quantity purchased. Analyze the following
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