above 5. Which of the following is not an asset: q. cash r. equipment s. notes receivable t. all are assets 6. Both assets and owner’s equity would be increased by: u. Drawings v. Purchase of machinery on credit w. Payment of creditors x. Profit earned retained in business 7. The amount brought in by the proprietor in the business should be credited to: y. Cash account z. Salaries account {. Capital account
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Accrual Basis and Cash Basis Accounting Vannario L. McCray Accounting 290 A simple form of accounting is accrual basis accounting. When a payment is taken in after a sale of goods or services‚ a deposit may be made. When the time comes‚ checks are written because funds are available to pay bills‚ and the expense is recorded as of the check date regardless of when the expense took place. The main focus is on how much money is in the bank‚ the secondary focus is on making sure that all the bills
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Kathy Sole‚ author of “Making Connections: Understanding Interpersonal Communication”‚ defines communication as a process by which we share ideas or information with other people. Therefore‚ it is essential to be able to distinguish between the principles and misconceptions in effective
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to analyze the topic at hand. Does not mean a simply repeating previous posts and agreeing. Discuss the pros and cons of accural accounting versus cash accounting methods. All discussion forums must require at a minimum: 1-Research (at least 2 citations) 2-Critical Thinking 3-Opportunity for dissent. Accrual Accounting versus Cash Accounting Ok‚ if we are to attain our career goals we need to understand these two methods of accounting. This topic is very important in
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Cash Flow Preparation FIN/200 September 8‚ 2011 Axia College of University of Phoenix WEEK 1 ASSIGNMENT – CASH FLOW PREPARATION 1. Prepare a statement of cash flows for the Widget Corporation. Follow the general procedures indicated in Table 2–10. ___________________________________________________________________ WIDGET CORPORATION Income Statement For the Year Ended December 31‚ 2008 Sales $2‚200‚000 Cost of goods sold 1‚300‚000 Gross profits 900‚000 Selling and administrative
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statement and statement of cash flows used to make business decisions? The income statement reflects the company’s financial performance by showing how much money was generated (revenue)‚ how much was spent (expenses)‚ and the difference (profit) between the two over a period of time. It is divided into the operating and non-operating sections. It can also tell how much money shareholders would receive if the company were to distribute all of its net earnings. The cash flow statement provides
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CORPORATE Cash HoldingS During the Recent Crisis b.sc. Thesis 2010-05-24 Lucas Kuijsters 722689 Abstract In this thesis I investigate the development of determinants of corporate cash holdings during the recent crisis. I create two categories of firms; one with financially constraint and unconstraint firms classified on their size and one with financially constraint and unconstraint firms based on the de size of their dividend payments. Unconstraint firms do not manage their cash holdings
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Augustus effectively uses personal relations‚ background composition and vibrant colours to successfully capture the essence of his subject. F.H. Varley attempted to do the same in The study of Joan but in comparison to The Marchesa Casati the subtle differences create a negative impact showing us how successful Augustus really was. Augustus John collaborates with his long time lover Marchesa Luisa Casati to create a beautiful bravura style painting with a bold provocative gaze and pose. Augustus
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The “Whole” Picture There are various connections that can be made between the characters within the novel “Kindred” written by Octavia Butler. The majority of these connections relate to four of the course themes we’ve visited in past few weeks: double consciousness‚ collective trauma‚ diaspora‚ and power relationships. The protagonist‚ Dana Franklin‚ traveled between the past and present and in her travels she met a variety of different people‚ including the enslaved African Americans
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