CHAPTER 4 THE ACCOUNTING CYCLE: ACCRUALS AND DEFERRALS OVERVIEW OF BRIEF EXERCISES‚ EXERCISES‚ PROBLEMS‚ AND CRITICAL THINKING CASES Brief Exercises B. Ex. 4.1 B. Ex. 4.2 B. Ex. 4.3 B. Ex. 4.4 B. Ex. 4.5 B. Ex. 4.6 B. Ex. 4.7 B. Ex. 4.8 B. Ex. 4.9 B. Ex. 4.10 Learning Objectives 3‚ 4 3‚ 4 3 3 6 4 5 5 5 8 Topic Deferred expenses and revenue Deferred expenses and revenue Accounting for supplies Accounting for depreciation Accrued revenue Unearned revenue Accrued salaries Accrued interest Accrued
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Accounting Regulatory Bodies The success of an organization relies heavily on accounting. Investors are extremely important to publicly traded companies‚ and they rely on accurate accounting documents when choosing whether or not they want to invest in a company. Several accounting regulatory bodies exist‚ and each of them plays an important role in accounting and the effects that accounting has on an organization. The primary goal of these regulatory bodies is to establish a set of rules and
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How would you explain the several issues - including the political‚ economic‚ and social - that revolve around the subject of immigration and border security? Do illegal immigrants take jobs away from americans? Americans do not want bomb-carrying terrorists crossing the borders undetected. Are U.S. schools over-taxed by the needs of immigrant children? Do uninsured aliens in emergency rooms drive up the costs of health care premiums for the insured? What are some of the reason why illegal immigration
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In the 1600’s and 1700’s‚ the economies of the northern and southern colonies were affected due to many different factors. Because of the different climates and geography of their land‚ the northern colonies and southern colonies had different resources available to them‚ which shaped their societies into what they are today. The resources available to the northern colonies were completely different from the resources that were available to the southern colonies. In the northern colonies‚ due
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The book of 2 Samuel tells the story of King David and his rise to power‚ as well as reign- the good and the bad. The focus here will be on 2 Samuel‚ chapters eleven through thirteen‚ which depict some of the darker times in David’s rule. The theme of these three chapters is God’s modeling of King David. This theme develops throughout the three chapters with the disobedience and punishment of David. God creates laws for His children not because he wants to restrict us‚ but because he desires
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Benjamin Franklin‚ a man of many talents and virtues‚ knew he may never be flawless‚ yet he strove to be anyway. He applied imperative ethical goals on a day to day basis and practiced productive habits. Benjamin Franklin embodied numerous significant characteristics that certainly led to his many successes. Benjamin Franklin imposed remarkable moral values when he created the thirteen virtues. He formed a procedure to conquer each of these virtues‚ starting with temperance. Franklin strategized
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The Fourteenth Amendment to the United States Constitution was ratified on July 9th‚ 1868. It helped grant citizenship to “all persons born or naturalized in the United States (Primary Documents in American History).” One of the reasons the amendment was made to help former slaves become citizens after the civil war. They were being denied the right to become citizens after slavery had been abolished. One of the main points in the Amendment was that states can not denounce land‚ freedom or life from
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The first entry I want to discuss in more detail is in chapter two page thirteen. Here Marissa gets a letter from the University of Texas. When she looks at the letter she gets excited but then her excitement is gone because she remembers what her parents acted like towards her when she told them her ACT and SAT scores‚ which was not a good reaction. Her father said‚ “It’s only because some gringos want to feel good about themselves‚ want to feel like they’re helping out some poor Mexicana. Don’t
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Answer: parties enter into a 30-day cooling-off period. Question 3 2 out of 2 points In _____‚ a neutral third party tries to assist the parties to reach an agreement. Correct Answer: mediation Question 4 2 out of 2 points Bargainers are rewarded by their constituencies for _____‚ while mediators are rewarded for ____. Correct Answer: getting the best possible deal; gaining agreements Question 5 2 out of 2 points
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Case 4.1 Amy’s Ice Cream Amy’s Ice Cream is a business that was founded in Austin‚ Texas‚ and now has 13 locations in Austin and one each in Houston and San Antonio. When asked about the driving force behind it‚ Phil Clay‚ the production manager‚ explained that "while the product is of excellent quality and does come in some unique flavors‚ ultimately ice cream is ice cream. One can just as easily go to Swensen’s or the Marble Slab to get great ice cream. Service is what differentiates Amy’s from
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