Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Weak-Form Efficiency of The GCC Markets Applying Selected Statistical Tests Rengasamy Elango‚ Mohammed Ibrahim Hussein This paper tests for market efficiency across the seven stock markets in the GCC (Gulf Co-operation Council) countries. The GCC countries‚ of late‚ have been striving to strengthen their capital markets by introducing various innovative changes in relation to listing‚ regulatory‚ trading and settlement norms in order to improve transparency and informational efficiency. Using daily
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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it means‚ believe in yourself you can accomplish everything. Almost everyone desires to be successful‚ everyone hopes to live a happy life‚ but how can we do that. I feel “believe in yourself” is the most important. “Believe in yourself” means a positive attitude. When you wake up in the morning‚ open your eyes‚ draw the curtain‚ enjoy the The great writer Emerson once said‚ “Trust thyself: every heart vibrates to that iron string” in first sunlight of the day. And tell yourself “Have a happy day”
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good mood and always had something positive to say. When someone would ask him how he was doing‚ he would reply‚ “If I were any better‚ I would be twins!” He was a unique manager because he had several waiters who had followed him around from restaurant to restaurant. The reason the waiters followed Jerry was because of his attitude. He was a natural motivator. If an employee was having a bad day‚ Jerry was there telling the employee how to look on the positive side of the situation. Seeing this
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Energy efficiency in Traditional buildings Mărieş Oana 3rd Semester project Environmental Management and Sustainability Sciences 09 – 01 – 2013 Title:Picture Title: | Energy Efficiency in Heritage/UNESCO Buildings. The cases of Croatia‚ Scotland and RomaniaRoyal Castle from Săvârşin‚ Romaniahttp://www.monumenteuitate.ro/ro/monument/105/Savarsin-Palatul-familiei-regale#prettyPhoto | Project Period: | 01 September 2012 – 09 January 2013 3nd semester EMSS | Supervisor:
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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Reading/Reading Efficiency Reading is the ability and knowledge of a language that allows comprehension by grasping the meaning of written or printed characters‚ words‚ or sentences. Reading involves a wide variety of print and non-print texts that helps a reader gain an understanding of what is being read. In which ways can language arts now influence reading efficiency? Since the most important four language arts are listening‚ speaking‚ writing and reading‚ all of them are interwoven and they
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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