Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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Exercise 3: Neurophysiology of Nerve Impulses Worksheet Assignment Due: Week 4 Student instructions: Follow the step-by-step instructions for this exercise found in your text and record your answers in the spaces below. Submit this completed document by the assignment due date found in the Syllabus. Eliciting a Nerve Impulse Activity 1: Electrical Stimulation 1. Do you see any kind of response on the oscilloscope screen? Just a flat line. 2. What was the threshold voltage
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Petrina Barkley IP 2 Managerial Accounting Karina KasztelnikAmerican Intercontinental University On-line Consider the following scenario: Andre has asked you to evaluate his business‚ Andre’s Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year‚ regardless of the number of haircuts. Rent and other fixed expenses are $1‚750 per month. Hair shampoo used on all clients is $0.40 per client
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Solutions‚ Chapter 2/HL ANSWERS TO CHAPTER 2 The Simple Regression Model Econometrics Economics of Innovation and Growth A = Problems B = Examples (from chapter 2) C = Cumputer Exercises 1 Solutions‚ Chapter 2/HL A: Problems 2.1 Let kids denote the number of children born to a woman‚ and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids = β 0 + β1educ + u where u is the unobserved error. (i) (ii) What kind of factors
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1. The Earth is really a water planet; what percentage of Earth’s surface is covered by water? a.71% 2. Who is considered to be the "father of physical oceanography" because of publication of information from ship’s logs in the book "The Physical Geography of the Seas"? b.Matthew Maury 3. Scientists know that the outer core of the Earth is liquid because S waves have not survived travel through the Earth’s interior. True 4. The Pacific Ring of Fire refers to the: a. circle of violent
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1 : INVESTMENTS by: Ms. Hazel M. Sarmiento Investments are assets not directly identified with the entity’s normal operating activities but are nonetheless acquired to: 1) generate income on idle cash; 2) exercise significant influence or control over another entity; 3) establish long-term relationships with suppliers and creditors; 4) accumulate funds for future use; 5) benefit from capital appreciation; or 6) protect from possible future risks. I. Investments in Securities
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Abstract The purpose of this essay is to illustrate the complexity meanings of financial reporting reflect the reality and it can be the creator of social reality. Financial reporting should have an objective “truth” and “fair” view and prepare a faithful presentation for shareholders to deal with the investment. Accounting theory need to continuous change its standards or models in order to meet the future needs. This easy also discuss this statement which relate to the sustainability issues
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Amy Hemphill Ch 3 & 4‚ week 2 Acct 403 3-25 (a-c) The following questions concern audit reports other than unqualified audit reports with standard wording. Chose the best reponse. A) The annual audit of Midwestern Manufacturing revealed that sales were accidentally being recorded as revenue when the goods were ordered‚ instead of when they were shipped. Assuming the amount in question is material and the client is unwilling to correct the error‚ the CPA should issue: 1. An unqualified opinion or
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Homework Assignment 1: MC 3. (A) MC 4. (D) MC 5. (B) 1) What are the three major business activities of a company that are motivated and shaped by planning activities? Explain each activity. Investing Activities: consists of the acquiring and disposing of assets needed to produce and sell a company’s products or services. These assets may be long-term or short-term assets depending on the nature of the company. Financing Activities: the methods companies use to fund the investments in assets
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Problems 50 & 51 (Ch. 22) 50. (LO3) Jack and Jill are owners of UpAHill‚ an S corporation. They own 25 and 75 percent‚ respectively. a. What amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? 1st Year or Year 1: Ordinary income is 42‚500.00 42‚500*25% = 10‚625 is allocated to Jack 42‚500*75% = 31‚875 is allocated to Jill Separately Stated Items: Interest Income 2‚000.00 500.00 is allocated to Jack 1
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