Chapter 7 Accounting Information Systems Questions 1. What is the right side of an account called? 2. What is the left side of an account called? 3. An organizational scheme used to classify accounts as assets‚ liabilities‚ or owners’ equity is known as what? 4. What journal is used to record both the account(s) to be debited and the account(s) to be credited? 5. A collection of specific asset‚ liability and owners’ equity accounts in known as what? 6. What type
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Theresa Guillory GB580 – Strategic Management Unit 1 Individual Assignment Professor Stephen Griffith Kaplan University October 28‚ 2012 My name is Theresa Guillory. I am a single mother of 3 wonderful kids: Gaylon‚ Dante and Madeline. I am currently employed at Texas School of Business in Houston‚ Texas. This organization is owned by Kaplan Higher Education. I am the Program Director for the Dental Assistant Program. I have been with the organization
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Learning Assignment 1: Organising a business P1:“Describe the type of business‚ purpose and ownership of two contrasting businesses” P3:“Describe how two businesses are organized” 1. Introduction Describe briefly what you are expected to do for this assignment‚ and how you will work out the various tasks. I’m going to learn about how a business works and how it’s all organised. 2. Theory A. List at least 4 different business types‚ with regards to where the company operates. Local – in a single
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EL;On January 1‚ 2010‚ Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31‚ 2012‚ the carrying value of the building was $30 million and its tax basis was $20 million. At December 31‚ 2013‚ the carrying value of the building was $28 million and its tax basis was $13 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2013
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1. Nature of Psychology Role of a psychologist – Psychology is the scientific study of behaviour and mental process in humans. Psychologists seek to understand thoughts‚ feelings and behaviour and the factors that underlie their development and influence them. What does behaviour and mental processes mean? Term behaviour refers to any observable action made by a living person. The term mental processes refers to an individual’s thoughts and feelings that are personal and cannot be directly observed
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Kenneth Smith 12/19/13 NT 1230 Unit 1 Problem Set 1 Page 25 1. The general public in the United States will be able to purchase all of the Windows 7 editions in retail stores except Basic‚ Enterprise‚ and Starter. 2. The core module that provides all of the Windows 7 capabilities that isn’t language or edition-specific is called Min Win module. 3. When you copy a file to a library‚ Windows Explorer writes the file to the folder designated as the Open and Save as
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Unit 1 – Roles‚ responsibilities and relationships in lifelong learning 1 Understanding own role and responsibility in lifelong learning 1.1 Summarise key aspects of legislation‚ regulatory requirements and codes of practice relating to own role and responsibilities The relevant legislations for teachers and/or trainers are as follows: The Disability Discrimination Act 1995: This act aims in taking steps to make reasonable adjustments to overcome the physical barriers to access for disabled
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Stacey Robinson Unit 3: Diversity‚ Equality and Inclusion in early year’s settings 1.3 Describe how prejudice and discrimination may affect a child’s life chances Discrimination is where you place barriers‚ whether they are physical‚ verbal or emotional that prevent certain people from gaining access to advancement or improvement of services the same as other people. Prejudice is often used to refer to preconceived‚ usually unfavorable‚ judgments toward people or a person because of gender‚ political
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Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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A company’s fiscal year must correspond to the calendar year. T154. Accounting periods should be of equal length to facilitate comparison between periods. T155. When there is no direct connection between revenues and costs‚ the costs are systematically allocated among the periods benefitted. T156. Applying accrual accounting results in a more accurate measurement of profit for the period than does the cash basis of accounting. F157. Adjusting entries affect cash flows in the current period. T158
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