ACCOUNTING EXAM 2 STUDY GUIDE Chapter 5 1. Know the following terms: merchandise inventory‚ sales‚ sales returns and allowances‚ sales discounts‚ net sales‚ cost of merchandise sold‚ gross profit‚ operating expenses‚ operating cycle‚ purchase discounts‚ purchase returns and allowances‚ FOB shipping point‚ FOB destination‚ and inventory shrinkage. 2. Be able to prepare a multiple step income statement. 3. Be able to prepare the journal entries for the seller and buyer including
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Hinduism Scripture I chose Chapter 2 of the Bhagavad-Gita. This chapter is set in a battlefield where a war between the Kaurava’s and Pandava’s armies is about to take place. Just before the war begins Prince Arjuna sees that in both armies family members are present‚ both sides are made up of “fathers‚ grandfathers‚ teachers‚ brothers‚ uncles‚ sons‚ grandsons‚ in-laws and friends." Arjuna is overcome with grief and tells Krishna‚ who has taken the form of his charioteer‚ that he has no desire to
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Chapters X–XIV Summary: Chapter X Lockwood becomes sick after his traumatic experience at Wuthering Heights‚ and—as he writes in his diary—spends four weeks in misery. Heathcliff pays him a visit‚ and afterward Lockwood summons Nelly Dean and demands to know the rest of her story. How did Heathcliff‚ the oppressed and reviled outcast‚ make his fortune and acquire both Wuthering Heights and Thrushcross Grange? Nelly says that she does not know how Heathcliff spent the three years that he was away
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1. Assignment for the benefit of creditors – the assignment of assets to a third party‚ in trust‚ to sell the assets and apply the proceeds to the payment of creditor claims. 2. Bankruptcy alternatives- assignments for the benefits of creditors‚ bulk sales‚ and composition agreements. 3. Bankruptcy Code- the name of the bankruptcy laws in effect in the United States since October 1‚ 1979. 4. Composition Agreement- an agreement between a debtor and multiple creditors for the repayment of
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Chapter 2 Questions 1. In what ways have changes in the social‚ economic‚ and political environment of society been reflected in correctional policies? ANSWER: gave way to the peace of society‚ using a wergild system‚ church no longer involved with the government‚ changed power in the organization of secular authority‚ Industrial Revolution came into full swing. 2. How do you suppose the developments discussed in this chapter eventually brought about the separation of children from others
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Chapter Two Worldwide Accounting Diversity Learning Objectives After reading this chapter‚ you should be able to • Provide evidence of the diversity that exists in accounting internationally. • Explain the problems caused by accounting diversity. • Describe the major environmental factors that influence national accounting systems and lead to accounting diversity. • Describe a judgmental classification of countries by financial reporting system. • Discuss the influence that culture is thought to
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Chapter 2 First Farmers The Revolutions of Agriculture‚ 10‚000 b.c.e.–3000 b.c.e. Chapter Overview CHAPTER LEARNING OBJECTIVES • TO MAKE STUDENTS AWARE THAT AGRICULTURE EVOLVED INDEPENDENTLY IN SEVERAL REGIONS OF THE WORLD • To trace the development of agriculture and its local variations • To consider the social implications of the Agricultural Revolution Chapter Outline I. OPENING VIGNETTE A. In the past two centuries‚ there has been a dramatic decline in
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Soc. 3710‚ Social Policy‚ Midterm Study Guide‚ Dr. Johnson DiNitto Introduction 1. What are the conceptual characteristics of social welfare policy‚ as defined by DiNitto? 2. What are the characteristics of incremental policy making and what are its bases? 3. What is social welfare policy? 4. What are the bases and characteristics of rationalism in social policy making? 5. What would comprehensive rational policy-making be and how often does it occur? 6. What is bounded rationality? 7. What are
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Chapter 2 Promote Professional development This chapter will help you to develop greater self-awareness in relation to your professional role and responsibilities. It will help you to understand the principles and importance of professional development and reflective practice in identifying and prioritising development goals and how to plan to meet these in order to improve your performance. As a leader and manager‚ you are responsible for ensuring that workplace practices are up to date and meet
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1) What sociological phrase is used to describe "opening a window onto unfamiliar worlds" and "offering a fresh look at familiar worlds"? A) the sociological perspective B) the social imperative C) social integration D) social location 2) To be classified as a society‚ what are the two key qualities a group of people must share? A) a common language and a common religion B) a common culture and a territory C) a territory and a common political ideology D) ethnicity and a common
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