21. General-purpose financial statements are the product of a. financial accounting. b. managerial accounting. c. both financial and managerial accounting. d. neither financial nor managerial accounting. 22. Users of financial reports include all of the following except a. creditors. b. government agencies. c. unions. d. All of these are users. 23. The financial statements most frequently provided include all of the following
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What is SAP? Why do we need ERP? I chose a video on Enterprises Resource Planning. The title of the video is What is SAP? Why do we need ERP? It was found on YouTube at URL https://www.youtube.com/watch?v=lYCEQqSM08I. I chose this video because I was drawn into the ERP software as I watched this video. As I watched the video‚ my questions of how and why things worked. By the end of the video‚ I felt that if I was to open a business‚ I would have such a system in place. The video explained
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Lan Xia‚ Kent B. Monroe‚ & Jennifer L. Cox The Price Is Unfair! A Conceptual Framework of Price Fairness Perceptions Recent news coverage on pricing portrays the importance of price fairness. This article conceptually integrates the theoretical foundations of fairness perceptions and summarizes empirical findings on price fairness. The authors identify research issues and gaps in existing knowledge on buyers’ perceptions of price fairness. The article concludes with guidelines for managerial practice
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Recreational drugs affect the players‚ not the game‚ while performance enhancing drugs affect the players and the game. This means that when an athlete is taking drugs that do not have any enhancing effects to it‚ it may affect the rest of the players‚ but mostly the person taking the drugs. (Travis 1) Colleges and universities’ drug testing only extends to athletes‚ while many of them have athletic scholarships. There is
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Introduction It is not always clear why a criminal justice system is needed or indeed what it contributes to the functioning of a society. In the discussion that will follow‚ it will be argued that there are essentially four reasons why we do need to have a criminal justice system. First‚ it upholds the freedoms of individuals and maintenance of public order. Second‚ a criminal justice system instils fear in people and thus deterring illegal activities. Third‚ a good justice system provides
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not always predict reliable results in humans since most experiments involving animals are flawed and waste animal lives‚ while alternative testing methods are more accurate. Many people believe that animal testing is unethical and unnecessary since we have discovered medical breakthroughs without the help of our furry friends. In this case‚ Alois Alzheimer first described the main features of Alzheimer’s disease in 1906 by studying brain segments from autopsies of patients after they had died‚ which
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Intermediate Accounting Project Assignment #1 AIA2-1 (Financial Reporting Issues: The Procter & Gamble Company) a) Proctor and Gamble’s revenue recognition policies state that the customer recognizes revenue upon either date of shipment or date of receipt; e.g. when the product or receipt has switched hands. They also record revenue net of sales‚ trade promotion spending‚ and other taxes on behalf of governmental authorities. All of these transactions are generally recorded at time of
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Adley – Week1 DQ1 Follow up Reply Financial reporting fraud cases typically involve “fictitious revenues‚ overstatement if assets‚ capitalized expenditures‚ misappropriation of assets‚ premature revenues‚ and understatement of expenses and liabilities‚ “according to Lawyers Connect (n.d). As a result‚ such intentional misstatements are fraudulent and illegal‚ and most likely material. Manipulation of accounting equation‚ Assets = Liabilities + Stockholder’s Equity (Rich‚ et al.‚ 2012‚ p. 9)‚ characteristically
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Financial Reporting Problem‚ Part I ACC/290 March 18‚ 2013 Tony Ames Financial Reporting Problem‚ Part I In today’s markets there are several factors that make up a public company and allow it to be desired by investors. * Total Current Assets: Previous Annual Reporting Period * * The total current assets at the end of the previous annual reporting period‚ December 31‚ 2011‚ was $22‚985‚000 in comparison to the most current year of 2012’s results of $22‚706‚000. Therefore
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Why do you think it is milk that comes out of women when breastfeeding? Why couldn’t it be water? Why couldn’t it be juice? Why does it have to be milk? Probably because it is the one that helps when it comes to developing and at the same time strengthening the bones and also when it comes to helping the immune system be stronger. That is why babies need it the most. However‚ why is it that adults need to continue adding milk into their diet‚ they already have mature bones‚ muscles etc. There are
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