Advanced Accounting Mock Exam 2011-2012 Use these questions to prepare for your exam coming soon. This is not guarantee that the exam will be similar except the fact that the exam will also have multiple choice questions. Question 1: An analyst evaluating financial statements for various firms is most likely to conclude that: a) U.S. GAAP ensures uniformity in accounting practices among different firms. b) Firms account for their debt obligations in the liabilities section of the income statement
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other operating costs. For example‚ PFL knows that monthly sales closely follow a consistent pattern each year as indicated below: MONTH | Percentage of total annual sales | January | 2.0% | February | 2.0% | March | 2.0% | April | 5.0% | May | 10.0% | June | 10.0% | July | 2.0% | August | 2.0% | September | 10.0% | October | 20.0% | November | 25.0% | December | 10.0% | TOTAL | 100.0% | PFL offers net 30 trade credit terms
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Practice 2-1 (Solution) Complete the matrix by entering either debit or credit in each cell: Items | Increases | Decreases | Assets | Debit | Credit | Liabilities | Credit | Debit | Owner’s Equity | Credit | Debit | Revenues | Credit | Debit | Expenses | Debit | Credit | Practice 2-2 (Solution) State whether the following have debit balances or credit balances: a.) Accounts Payable- Credit balance b.) Salary Expense- Debit balance c.) Notes Receivable- Debit balance d.) Mr
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I was born March 18‚ 1989 which is the third month of the year according to the Gregorian calendar. According to the early Roman calendar‚ March was the first month of the year and formerly called Martius. March’s name honors the Roman God of war named Mars. March has always had 31 days and brings in spring while ending winter so it can be both spring like and wintry. Although March has no national holidays‚ several state and religious holidays are celebrated. For example‚ the Irish celebrate
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ISSUES IN ACCOUNTING EDUCATION Vol. 27‚ No. 2 2012 pp. 493–524 American Accounting Association DOI: 10.2308/iace-50124 How Adjusting Entries Affect the Quality of Financial Reporting: The Case of Frosty Co. Jason C. Porter ABSTRACT: Recent accounting scandals have emphasized the need to think beyond debits and credits. Accounting students must understand the effects of transactions on a company’s financial position‚ as well as the pressures and incentives they will someday face to misrepresent
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“EMPLOYEE OF THE MONTH” - from a HRM perspective THE PLOT: Vince Downey is the head cashier and winner of 17 consecutive Employee of the Month awards at Super Club. If he wins one more Employee of the Month‚ he will be put in the Super Club’s Hall of Fame and win a new car. Zack Bradley‚ who is the ultimate slacker‚ has been working at the Super Club for 10 years‚ and is still at the bottom job‚ working as a box boy. Then Amy enters the picture; she is a new cashier transferring in from another
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customer service aspect. After the customers‚ the focus is on employees. Good customer service comes from only the best employees and Enterprise wants all of their employees to be happy with their jobs. By offering a sense of ownership and incentives to advance within the company‚ Enterprise employees are often very satisfied with their positions. Enterprise is the largest car rental company with the largest fleet and the most rental locations. Because of this‚ they are easily accessible all over the country
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www.thetimes100.co.uk Enterprise Rent-A-Car - Brief Recruitment and selection at Enterprise Rent-A-Car Introduction Enterprise Rent-A-Car (Enterprise) is the largest car rental business in North America. It has 7‚000 offices in the USA. It has a further 900 spread around the world‚ including the UK. Enterprise constantly expands its range of services to meet customers’ needs. Therefore‚ Enterprise needs to have the right people with the right skills to be able to offer these services.
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In Madam and The Rent Man by Langston Hughes. The tone of Langston Hughes is very confident in the way he wrote the poem. Where this all occurred was in an apartment where the man lives and he has to pay rent for it. Symbolism and an hyperbole stood out to me in the poem. They made the poem more interesting to read and talk about. The first symbolism is “I’d go to Hades”. This means he would go to a dark scary place than to pay rent. Which makes the poem dark and more interesting. It makes symbolism
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2013 ISSN 2286-4822‚ www.euacademic.org IMPACT FACTOR: 0.485 (GIF) Bangladesh’s Balance of Payments: an Econometric Analysis M. S. RAHMAN CHOWDHURY Department of Economics Jatiya Kabi Kazi Nazrul Islam University Trishal‚ Bangladesh Abstract: The study was conducted at the Department of Economics‚ University of Chittagong‚ Bangladesh between December 2010 and April 2011. Balance of payments plays the most important role in a country’s economy. As a developing country‚ Bangladesh cannot
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