Choose the one alternative that best completes the statement or answers the question. 1) Changing the value of closing inventory from cost to net realisable value is an application of which accounting concept? A) B) C) D) 2) Going concern. Historical cost. Consistency. Prudence. Which statement relating to depreciation is true? A) The cash account is affected by charging depreciation B) Accumulated depreciation represents the portion of an asset’s cost that has been transferred to depreciation
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If you are looking for a degree that can land you a good job‚ a high degree of job security‚ and available options when it comes to finding an employer‚ an accounting degree could be a great choice for you. There is a price to be paid for the popularity of accounting roles though‚ as the work is not always easy‚ there can be a high degree of detail oriented work involved‚ and most of the duties involved require a rather sedentary style of work.Accounting is largely the understanding‚ tracking‚ and
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ACQUISITION Answers to Discussion Questions How Does a Company Really Decide which Investment Method to Apply? Students can come up with literally dozens of factors that should be considered by Pilgrim in making the decision as to the method of accounting for its subsidiary‚ Crestwood Corporation. The following is simply a partial list of possible points to consider. Use of the information. If Pilgrim does not monitor its own income levels closely‚ applying the equity method would seem to be a
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BUSN1002 Financial Accounting Processes Semester 2‚ 2013 LECTURE OUTLINES 1 – 6 Topic Coordinator: Philip Palmer Room 3.70 Law and Commerce Building Email: philip.palmer@flinders.edu.au Ph: 8201 2013 FLINDERS UNIVERSITY FLINDERS BUSINESS SCHOOL BUSN1002 Financial Accounting Processes Philip Palmer Lecture Outline 1 Introduction to Financial Accounting Reading: Hoggett et al.‚ Chapters 1 and 2 1 Introduction to Accounting Accounting is an information system designed to
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E1-5 Cougar’s Accounting Services provides low – cost tax advice and preparation to those with financial need. At the end of the current period‚ the company reports the following amounts: Asset – 19000; Liabilities – 15000; Revenues – 28000; Expenses = 33000 Required: 1. Calculate net loss. 2. Calculate stockholders’ equity at the end of the period. Net loss *Revenues – Expenses = (5000) Stockholders * Assets – Liabilities = 4000 E1-6 Cash 5400 Salaries expense 2200 Accounts payable 3400
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BUSINESS COMMUNICATIONS CHAPTER 6 PLANNING BUSINESS MESSAGES Assignment: Complete the following messages: Page 183 6.12 June 13th‚ 2014 Mr. DeJuan Wilson Fairfield Associates‚ Inc. 4290 Park Avenue Fairfield‚ CT 06435 Dear Mr. Wilson: As you requested the undersigned is transmitting to you the attached documents with look to the improvement of security in your business. To ensure the upgrading of your after-hours security‚ please‚ make a decision with what exactly you contemplate
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3101AFE TUTORIAL 1 – Semester 1 2014 Deegan Topic 1 Introduction to financial accounting theory 1.1 What is the difference between a positive theory of accounting and a normative theory of accounting? 1.6 The IASB and the FASB are currently developing a revised conceptual framework of financial reporting. If you have been asked to review the framework—which is an example of a normative theory of accounting—why would it be important for you to pay particular attention to how the objective
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DIPLOMA IN FINANCIAL ACCOUNTING INTRODUCTION TO FINANCIAL ACCOUNTING 1A SUPPLEMENTARY EXAMINATION November 2010 THIS PAPER CONSISTS OF 5 PAGES | DURATION: 2 hrs TOTAL MARKS: 150 PASS MARK: 50% INSTRUCTIONS TO CANDIDATES: 1. Read the following instructions CAREFULLY before answering the paper‚ as failure to act upon them will result in a loss of marks. 2. Please be neat – illegible handwriting cannot be marked. 3. The assessment must be written in either black or blue ink
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Emma Birch Student ID: TUR14000993 ABC Level 3 Certificate in Counselling Skills Assignment 6: ‘person centred approach’. Course criteria covered: Unit 2 1.1 Explain the historical development of the person-centred approach to counselling‚ including the people influential in its development. 1.2 Explain the philosophical basis of the person-centred approach. 1.3 Explain
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100ppm: 77970236817 x 2 = 43.36 Peak width of benzoic acid at 150ppm: 110568848555 x 2 = 45.54 Peak width of benzoic acid at 200ppm: 148854358107 x 2 = 51.23 Average peak width of benzoic acid: 44.04+43.36+45.54+51.234 = 46.04 6. Calculate the resolution of caffeine and benzoic acid. R = 2∆tWA+WB = 2(4.15-2.81)46.04+16.89 = 0.043 min/nm 7. Construct a calibration curve of the caffeine peak are versus concentration. 8. What is the linear regression line for the calibration
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