equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity
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Chapter 14: War is the Health of the State “...as the nations of Europe went to war in 1914‚ the governments flourished‚ patriotism bloomed‚ class struggle was stilled‚ and young men died in frightful numbers on the battlefields-often for a hundred yards of land‚ a line of trenches.”- Howard Zinn By the middle of the 20th Century’s second decade‚ the European powers were at war. The conflict of World War I was encompassed the crisis of the colonial powers battle for resources and territory. Though
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Starbucks Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem‚ Part 1 assignment due in Week Six. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions: •Are the assets included under the company’s current assets listed in the proper order? Explain your answer. The current assets should be listed in the order of liquidity. The
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Chapter 14 Auditing the Revenue Cycle |Learning Check | 14-1. a. The revenue cycle includes the activities involved in the exchange of goods and services with customers and the realization of the revenue in cash. b. The classes of transactions in this cycle for a merchandising company are sales‚ sales adjustments‚ and cash receipts. The primary accounts affected by these transactions are sales‚ accounts receivable‚ cost of sales‚ inventory‚ cash‚ sales
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Operating Income = Income – Operating ExpenseNOI= 16‚300.00 – 7280.00NOI = 9‚020.00 | | Req. 2 Unit Cost Per Service = Total Service Cost/Total Number of Services Provided UCPS = 7‚280.00 / 650 UCPS = 11.20 Unit cost to groom one dog = $11.20 P 16-25A Req. 1 Fido Treats | Schedule of Cost of Goods Manufactured | Year Ended December 31‚ 2012 | Beginning Work in Process Inventory | | 13‚400.00 | | Direct Materials Used: | | | | Beginning Direct Materials Inventory | - |
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ENSC 202 Chapter 14 & 16 Study Guide Chapter 14 * Definition of ore: rock that contains a large enough concentration of a particular mineral to make it profitable for mining and processing. * Composition of steel * Mixture of iron and other elements * Manganese * Cobalt widely used in steel alloys * chromium * Reading Assignment: The Real Cost of Gold Chapter 16 * % energy that could be saved by improving energy efficiency - 43%
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History of the Old Testament Exegesis of Isaiah 7:14-16 Historical Context of Isaiah 7:14-16 The book of Isaiah is a vast collection of many works by both Isaiah and other anonymous writers. Although the entire book is dated from the post-exilic period‚ different sections of the book were written at various times. In fact‚ the organization of the book isn’t ordered chronologically‚ but rather by combining separate literary works and booklets (Hastings 424). According to Robert Alter and Frank
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Chapter 18: The Cardiovascular System: The Heart Homework Questions/Objectives (1-18) Heart Anatomy 1. Describe the size‚ shape‚ location‚ and orientation of the heart in the thorax. • 250 to 350 grams about the size of a fist‚ within the mediastinum and tilts toward the left side of the body√ 2. Name the coverings of the heart. • Pericardium – doubled-walled sac that encloses the heart. • Fibrous Pericardium – superficial part of
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1. On January 1‚ 2012‚ Revenue Company sold specialized computers costing P760‚000 to Income‚ Inc. for P990‚000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the installation period. Income made a 50% down payment‚ with the balance due upon completion of installation. How much revenue should Revenue Company recognize on its books on January 1‚ 2012? a. P990‚000 b. P760‚000 c. P495‚000 d. P-0- 2. SAMpple Company is an experienced home appliance
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Differentiate among the current account‚ balance of trade and balance of payments. Current account is the net profits that a country gain from its export and imports of goods and services‚ earning from foreign investment also the included the profits from transfer of payments. Current account is important because it includes all international merchandise trade and service accounts‚ that is‚ accounts for the value of all merchandise and services imported and exported and all receipts and payments
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