CA 1-3 GAAP stands for: d) Generally accepted accounting principles E 2-5 (a) Arises from peripheral or incidental transactions. Gains‚ Losses (b) Obligation to transfer resources arising from a past transaction. Liabilities (c) Increases ownership interest. Investment by owners‚ comprehensive Income (d) Declares and pays cash dividends to owners. Distribution to owners (e) Increases in net assets in a period from non-owner sources. Comprehensive Income (f) Items characterized by service potential
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Quiz I (Chapters 1and 2) Date: Name: ID: Answer the following Questions: 1. Tower Inc. owns 30% of Yale Co. and applies the equity method. During the current year‚ Tower bought inventory costing $66‚000 and then sold it to Yale for $120‚000. At year-end‚ only $24‚000 of merchandise was still being held by Yale. What amount of inter-company inventory profit must be deferred by Tower? A. $6‚480 B. $3‚240 C. $10‚800 D. $16‚200 E. $6‚610 2. All of the following statements regarding the investment account
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1. (TCO C) Which of the following should not be reported in the income statement? (Points : 5) Goodwill amortization Trade name amortization expense Patent impairment losses All of the above Question 2. 2. (TCO C) Which of the following costs incurred with developing computer software for internal use should be capitalized? (Points : 5) Evaluation of alternatives Coding Training Maintenance Question 3. 3. (TCO C) Mini Corp.
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Aug 30‚ 2013 Accounting 200 Chapter 1 Vocabulary Business: An organization in which basic resources (inputs)‚ such as materials and labor‚ are assembled and processed to provide goods or services (outputs) to customers. Service Business: Provide services rather than product to customers Ex. Delta Air Lines (Transportation) Walt Disney Co. (Entertainment) Merchandising Business: Sell products they purchase from other businesses. Ex. Wal-Mart (General Merchandise)
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Research in Motion’s Blackberry Storm Case Study #1 Presented by Simona Antolak‚ Lianne Hung‚ Adrian Ver‚ Michelle Noble‚ Meghan Hardy and Dexter Holmes. SLAMM’D Inc. Set D 10/22/2009 Problem: What product strategies should Research in Motion use to differentiate the Blackberry Storm from the competition to increase sales? Facts relating to the case: Who: Research in motion‚ the developers of Blackberry. Mike Lazaridis‚ Doug Fregin and Mike Barnstijn. When: Sales
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Case Study Assignment 1 “What advantages would the proposed Advanced Mobile Communications and Information System provide for Whitman Price Consulting? What problems might it assist in eliminating?” Several advantages to an information system would respond directly to what Whitmann Price Consulting help their clients with. Such as creating a sustainable business‚ managing assets‚ operating globally‚ and most importantly responding to change. Management Information Systems (MIS) are used by organizations
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Course Project Title: Balance Sheet and Single-Step Income Statement Objective To prepare a comprehensive balance sheet and Single-Step Income Statement presented in good form and derived from a list of various accounts. The amounts relative to each account will be given and the student will learn to determine whether an account is a balance sheet account or a temporary account that belongs to the income statement. The accounts will be comprised of all the various subgroupings in the balance
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Southwestern University Case Study B Problem: Southwestern University is experiencing a quickly expanding football program. As a result‚ attendance for home games is increasing and approaching capacity. It is in the best interest of SWU to forecast attendance to aid them in deciding when the best time to expand the present stadium‚ which now holds 54‚000. Data: The following data is from the past six seasons‚ 2002-2007. Game Year – Game – Opponent Attendance 2002-1 Baylor 34200 2002-2 Texas
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Case Study 1 In order for the BlackBerry industry to succeed‚ RIM must invest it’s time in 3 key core competencies. Needle (2010) states core competencies as ‘those activities of a firm that make a difference and give the firm a competitive edge’‚ for the BlackBerry these core competencies lie within its sleek design‚ functionality and security. BlackBerry has always been known for its phone’s functionality‚ especially for those in the business world. Blackberry’s functionality allows it
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He is taking an inhaled ß agonist and theophylline to manage his respiratory condition. At his clinic visit‚ it is noted that R.S. has an area of consolidation in his right lower lobe thought to be consistent with pneumonia. Discussion Questions 1. In what position would R.S. have the worst ventilation-perfusion matching? Chronic obstructive pulmonary disease (COPD) is one of the most common lung diseases and makes it very difficult to breathe. There are two main forms of COPD: Chronic bronchitis
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