bank reconciliation‚ Apex Company provided the ff. information Balance per bank statement 1‚805‚000 Deposit in transit 325‚000 Return of customer’s check for 60‚000 Insufficient fund Outstanding checks 275‚000 Bank service change for August 10‚000 On Aug 31‚ 2011‚ what is the adjusted cash in bank? a. 1‚ 855‚ 000 b. 1‚ 795‚ 000 c. 1‚ 785‚ 000 d. 1‚ 755‚ 000 3. Credit balances in Accounts Receivable shall be classified as a. Current Liabilities
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The Separation of Powers The separation of powers is a concept also known as Checks and Balances in which each branch can check the power of the other branches to make sure all the power is evenly and fairly balanced. This system is a fundamental principle of the American Government that prevents any abuse of power. Aristotle first introduced the idea of a “mixed government” where he drew upon many of the constitutional forms of city-states of Ancient Greece and led to the formation of the Roman
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Analysis of Argentina Balance of Payments The economic situation of Argentina was interesting between 1998 and 2007. However‚ it can be assumed that the worst year of the Argentinean economy was 2002. Before 1998‚ some factors such as a huge debt reaching 55% of the GDP‚ a currency pegged to the US $‚ the “Tequila” crisis in 1995‚ the devaluation of Mexican and Brazilian currencies‚ were responsible of the crisis Firstly we compared trade and GDP‚ to obtain the trade openness ratio. It increased
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Most common phrase is “checks and balances”. When and if Congress attempts to break the laws within the Constitution‚ these bills have to pass both the Judiciary Branch and Executive Branch. This means that no final decisions can be made without working with the other institutions. Easiest
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Mini Case “Mexico’s Balance-of-Payments Problem” In December of 1994 Mexico entered its second major financial crisis in as many decades‚ requiring painful economic adjustment similar to the debt crisis of 1982. After nearly a decade of stagnant economic activity and high inflation in Mexico‚ the Mexican government liberalized the trade sector in 1985‚ adopted an economic stabilization plan at the end of 1987‚ and gradually introduced market-oriented institutions. Those reforms led to the resumption
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The Series of Discussion Papers “Conceptual Framework of Financial Accounting” Working Group on Fundamental Concepts September 2004 （Tentative translation: 28 Feb. 2005） Contents Issuance of the Series of Discussion Papers “Conceptual Framework of Financial Accounting”・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 1 Discussion Paper “Objectives of Financial Reporting” ・・・・・・・・・・・・・・・4 Discussion Paper “Qualitative Characteristics of Accounting Information” ・・・・・12 Discussion Paper “Elements
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Viewing:805 Business Combinations25-5) In this case‚ the contingent consideration is classified as equity since it settled in shares. (ASC 815-40-25-4) The contingient consideration goes into additional paid in capital account (APIC) on the Allfoods’ balance sheet. (4) Exchange of share options in conjunction with a business combination is modification of share-based payment awards. The portion attributable to precombination service is part of the consideration transferred. (ASC 805-30-30) The underlying
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Exercise 10: Acid/Base Balance Worksheet Respiratory Acidosis and Alkalosis Activity 1: Normal Breathing 1. At 20 seconds‚ pH = 7.4 2. At 40 seconds‚ pH = 7.4 3. At 60 seconds‚ pH = 7.4 4. Did the pH level of the blood change at all during normal breathing? If so‚ how? No 5. Was the pH level always within the “normal” range for the human body? Yes 6. Did the PCO2 level change during the course of normal breathing? If so‚ how? No Activity 2a: Hyperventilation – Run 1 1. At 20
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owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated‚ assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various
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Reading Response Journal #1 I chose to read Rohinton Mistry ’s A Fine Balance‚ a story about four very different people living in India during a period of great civil unrest known as The State of Emergency. I found this book incredibly easy to get into because of the way Mistry writes. He seems to create the story around you‚ placing you in the setting as a viewer‚ involving you in the lives of the characters. Mistry clearly outlines the political and economic situation of India at the time‚ further
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