ACCT 205 Wk 1 Dis. 1 E1-21 & E1-26 Question E1-21 KEY: A/R = Accounts Receivable A/P = Accounts Payable Indicate the effects of the following business transactions on the accounting equation of a Blockbuster Video location. a. Received cash of $10‚000 from the owner‚ who was investing in the business. Answer: Increase asset (Cash) Increase owner’s equity (Capital b. Earned video rental revenue on account‚ $1200. Answer: Increase asset (Accounts
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Week 6 DQs 1. It is important that an essay not be a series of quotes or paraphrased material; one’s own analysis must be part of the essay. How can you create a balance between your own analysis and the source material? You need to fully understand your subject matter to be able to balance between your analysis and your source materials. That is why you need to do research before you start writing. Master your topic. Then create your thesis statement. The central idea presented
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competition‚ marketing objectives and strategy‚ pricing‚ communication plan‚ distribution strategy‚ financial information‚ and finally market research. Product Description Fresh Express philosophy is to use organic ingredients of the highest quality. The company will use local farms (when available)‚ which grow organic fruits and vegetables‚ free of chemicals‚ synthetic pesticides‚ and fertilizers. Fresh Express will also use farms that have range-free animals raised in an ethical manner‚ free of growth hormones
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ACC/290 August 24‚ 2013 Professor Deborah Wilson Financial Statements A financial statement is a statement‚ or formal record‚ that lays out the activities of a business‚ person‚ or other entity. Quarterly or yearly financial information is put into relative categories and displayed to show how the company is matching
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to the general ledger. ANS: T PTS: 1 4. Each account in the chart of accounts has a separate record in the general ledger master file. ANS: T PTS: 1 5. The responsibility center file is primarily used by the Financial Reporting System. ANS: F PTS: 1 6. Management reporting is often called discretionary reporting because it is not mandated as is financial reporting. ANS: T PTS: 1 7. Primary recipients of financial statement information are internal management. ANS: F PTS: 1 8. The Management Reporting
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Auditing and Assurance Services Thirteenth Edition Global Edition Alvin A. Arens Randal J. Elder Mark S. Beasley [pic] Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul
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In this file ACC 349 Week 3 Team P4 4A there are solutions of the following parts: Question A. Manufacturing Costs Question B. Activity Cost Pools Question C. Activity Cost Pools Question D. Question E Business - General Business Participation in Discussion Questions Participate in class discussions – I require 2 substantive postings on 4 out of the 7 days of the week. Weekly Summary Post a weekly summary. Individual
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down business after a £880 million loss caused by futures trading in Singapore. In this essay‚ I will look at both the upsides and downsides from the use of derivative instruments‚ mainly focusing on exchange traded derivatives. Different user groups such as private investors‚ companies‚ banks and traders‚ will be taken into account. In addition‚ I will discuss whether there
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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Week 5 : C Corporations Concluded - Homework ES Page 1 1. (TCO E) For federal tax purposes‚ royalty income that is not derived in the ordinary course of a business is classified as: (Points : 5) portfolio income. answer active income. passive income. None of the above 2. (TCO F) When comparing corporate and individual taxation‚ the following statement is true: (Points : 5) Unlike individual taxpayer‚ corporate may not have a long-term capital loss carryforward
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