employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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Please write an essay on the AFIS system. This is the Automatic Fingerprint Identification System. This should be in the order of 1500-2‚000 words. Bring out the main points of the system. E.g. History‚ who uses it‚ future developments. Also include technical information on how it works with advantages and disadvantages. Automatic Fingerprint Identification system (AFIS) is the biggest fingerprint and criminal history system in the world which operates 365 days a year. The system responds to requests
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Task Statement The Connecticut Department of Education has tasked our group with analyzing the underlying issue of poverty and its effects in our educational system. We are to develop a plausible set of solutions to address the most critical issues‚ determine the one most universally effective approach‚ and develop a prudent implementation strategy. Executive Summary Poverty as a social problem can be defined as “a state in which income is insufficient to provide the basic necessities of food
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MIC 230 Unknown Identification Report The objective of this experiment was to identify an organism from a mixture of two unknown bacterial species. In order to accomplish this‚ I first plated my unknown mixture on Tryptic Soy Agar (TSA)‚ Columbia Naladixic Acid (CNA)‚ and MacConkey’s Agar (MAC) plates. After 48 hours of incubation‚ it was unclear that two different bacterial colonies had grown on my TSA plate. Only one type of colony was evident. However‚ it was apparent that I had successfully
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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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Problem 1. This research paper seeks to study and analyse the Unique Identification Card project to bring out relevant aspects of the project which make it a unique project from Indian perspective‚ its benefits as also the current challenges/ barriers faced by the Indian government. The paper also seeks to develop a road map for its successful implementation in the Indian scenario. Hypothesis 2. The Unique Identification number (Aadhaar)‚ which identifies individuals uniquely on the basis of
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decide how many people it would take to complete each task. Some jobs might be quicker if two people worked together instead of one. One direct cost would be the use of the cutting machine used to carve out the positive mold of the artificial limb. This can be tracked by checking the time at which the machine was used and when the carving process started and ended. Another direct cost would be the use of the liquid resent that is made of either polyester or acrylic. This can be tracked by knowing
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