ACTG 351 HW #2 (Long-term Assets) 1. At January 1‚ the balances in Equipment and Accumulated Depreciation were $1‚021‚500 and $189‚900‚ respectively. At December 31 after adjusting entries‚ the balances were $1‚125‚900 and $452‚700‚ respectively. During the year‚ $148‚500 of equipment was acquired and equipment with a book value of $25‚200 was sold. What was Depreciation Expense for the year? Equipment 1‚021‚500 148‚500 1‚125‚900 Plug A Accumulated Depreciation 189‚900 Plug B Dep Exp 452‚700 Plug
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Long Term Liabilities – Bonds MULTIPLE CHOICE QUESTIONS EXERCISE 1. From the standpoint of the issuing company‚ a disadvantage of using bonds as a means of long-term financing is that a. bond interest is deductible for tax purposes. b. interest must be paid on a periodic basis regardless of earnings. c. income to stockholders may increase as a result of trading on the equity. d. the bondholders do not have voting rights. 2. If a corporation issued $3‚000‚000 in bonds which pay 5% annual interest
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The Arab Israeli conflict. The Arab/Israeli conflict is a conflict between the Arabs and the Jews over a small piece of land known as the holy land which is an area in the Middle East of the Arab world. The Arabs call the land Palestine‚ the Jews call it Israel but both religions have strong religious links with the land. There is conflict between the two religions because they both believe that the land belongs to them. it all started back in 135 AD when the Jews were expelled
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Long-term Consequences of Child Abuse Child abuse is the physical‚ emotional‚ or sexual mistreatment of a child by his or her parent or guardian. Many do not realize how many children are abused in their homes every day. According to a publication titled Child Maltreatment 2008‚ children are more likely to be the victim of child abuse and neglect than they are to be the victim of anything else (Speak-Up-Be-Safe). In fact‚ more than one million children in the United States alone are a victim
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........................... 3 CHAPTER#1: CAPACITY PLANNING ..................................................... 4 Break-even analysis ........................................................................................................... 4 Long-term capacity planning on the basis of different variables ....................................... 6 CHAPTER#2: CAPACITY EXPANSION STRATEGIES ................................. 8 Capacity leading demand strategy ......................................
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sense of panic that the Soviets would become more powerful‚ funding for space-related projects was readily available and along with government and ample support on the home front‚ the United States would ultimately beat the Soviet Union to the finish line. Most historians agree that the Space Race officially began when the Soviet Union launched the first satellite into space. On October 4‚ 1957‚ Sputnik‚ which means “traveler” in Russian‚ became the first man-made
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THE LONG-TERM EFFECTS OF CHILD SEXUAL ABUSE 21084661 UNIVERSITY OF WEST LONDON BSc (Hons) SOCIAL WORK HS60020E/0 Abstract Childhood sexual abuse is a serious concern that has been associated with long term effects amongst survivors. Using secondary data‚ this qualitative piece of research explores the long term effects of child
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The two short term career goals that I am going to achieve after completing the Master in Business Administration (Finance) is to obtain a position of a Finance Manager in a reputable organizations. I plan to work as a Finance Executive for a duration of 2years in order to gain and develop the necessary foundational skills needed to work as a Financial Manager. My aim is to obtain a Finance Director position in one of the top financial organizations. This will give me a wide range of professional
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Long-Term Debt U.S. GAAP vs. IFRS Scott Bailey Acc 311 Debruine Every company in the world must raise funds in order to finance its operations and expansion. The most common form of this funding is through the use of long-term debt. Depending on where the company does business and who uses their financial statements‚ there are different ways of recording this debt through the use of United States Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards
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Aaron Henley Tim Goss Composition 9 February 2012 My First Cruise Have you ever wanted to travel the world? What made you want to travel? I went on a cruise in June of 2011. I’d say it was the best time of my life. I got to swim in the ocean‚ Meat people from other cultures‚ and discovered parts of the world I’ve never seen. The name of the cruise ship was Destiny. Maybe it’s my destiny to travel the world. It all started one early morning in June. I was awake and was so anxious
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