Class Act Class Act has concluded that the full agreement consideration of $5 million should be recorded as revenue upon signing the agreement. I do not think this is appropriate method to recognize revenue. According to FASB‚ a company would apply the following five steps to achieve the core principle: (1) identify contract with the customer. (2) Identify separate performance obligations. (3) Determine transaction price. (4) Allocate transaction price. (5) Recognize revenue when performance obligation
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Has 505 The major online computer services such as Health Grades‚ America Online Inc.‚ and WebMD provide health news and medical and health forums where users can access medical libraries‚ exchange messages‚ and discuss health problems. In what ways might the growing use of these services by consumers affect future strategies for: Family practitioners? HMOs? Technology refers to the innovations or inventions from applied science and research. According to the book‚ adult use of the Internet
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Assignment: ACCT 108 1. Personal Computer Specifications – Processor‚ Intel Core i5-3317U‚ 1.7 GHz speed‚ 2MB cache‚ 24GB SSD‚ 750 GB HDD‚ 6GB RAM DDR3 1600MHz. Dual Layer DVD+/-RW‚ Memory card reader‚ Integrated microphone input/output‚ Digital Audio Output‚ Webcam‚ Touchpads 2‚ 2 USB 2.0 Ports‚ 1 USB 3.0 Port‚ Ethernet‚ Integrated Wi-Fi‚ Windows 8 Operating System I prefer to look for desktop‚ with big screen‚ high speed‚ and lots of storage. I checked the Future shop and gave
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inventory account balance to reflect the results of the ending inventory physical count. Calculate cost of goods sold using the results of an inventory count and understand the impact of errors in ending inventory on reported cost of goods sold. ACCT-5031 Obtaining an
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THE UNIVERSITY OF NEW SOUTH WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au Blackboard: http://telt.unsw.edu.au. Session 1‚ 2013 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management
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Acct 555 HW Week 6 Chapter 14‚ pages 468–469: Problems 14-21‚ 14-22‚ 14-23‚ and 14-24 a. The accounting system will not post a sales transaction to the sales journal without a valid bill of lading number. This control is most relevant to which transaction-related objective for sales? (1) Accuracy (2) Occurrence (3) Completeness (4) Posting and summarization 467468 b. The accounting system automatically obtains the unit price based on scans of bar codes for merchandise sold. This control is most
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This is an outline of the three-step writing process‚ which should apply to your analysis of a case study. Answer the case questions related to each step directly on this form. For the three-step process questions‚ you may use short phrases and sentences for your answers. Then add a page break‚ and write your response as directed in the case study and save the document as one file. Student name I. Plan A. Analyze the Situation What is your general purpose? T What is your specific purpose
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Acct 3120 External Financial Reporting II Chapter 14 Debt This quiz is based on the 10-K for the year ended December 28‚ 2013 for PepsiCo‚ Inc. You can obtain Pepsi’s financial statements from the firm’s corporate web site at http://www.pepsico.com/Investors.html. Unless otherwise indicated‚ all questions relate to the current period’s financial statements. 1. How much is the current maturity of Pepsi’s long-term debt that was shown as a current liability? 5306millions 2
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Skills Development Cases Yige zhang 1219313 ACCT 2113-01 Chapter 1 S1-1 1. What is the amount of net income for the year ended February 1‚ 2009? Net Income=$2‚260‚000‚000 2. What is the amount of sales revenue was earned for the year ended February 1‚ 2009? Sales Revenue=$71‚288‚000‚000 3. How much inventory does the company have on February 1‚ 2009? Inventory=$10‚673‚000‚000 4. How much does The Home Depot have in cash on February 1‚ 2009? Cash=$519‚000‚000 5. The
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Case Study 2-Internal Controls 2014 ACCT 504 Table of Contents I) Introduction II) Internal Control Requirements-Sarbanes/Oxley Act III) Internal Controls-Strengths IV) Internal Controls-Opportunities for Improvement Introduction It has come to the attention of the president of LJB Company that an evaluation is needed to determine the reliability and level of compliance of the company’s
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