4. The left side of an account is always: a. the debit side. b. the credit side. c. the balance of that account. d. carried forward to the next accounting period. 5. Posting is the process of: a. preparing a chart of accounts. b. adding a column of figures. c. transferring journal entries to ledger accounts. d. recording entries in a journal. 6. Montana Inc.’s fiscal year ended on December 31‚ 2012. The balance in the prepaid insurance account as of December 31‚ 2012‚ was $34‚800 (before
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Statement of Financial Accounting Standards no. 157‚ defined as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” Snowy Ridge Ski Resort was acquired on June‚ 30th‚ 20X0 by Recreational Properties for $46‚050‚000. The fair value of identifiable assets and liabilities acquired are reported as $42‚500‚000‚ resulting in a computed goodwill of $4‚000‚000.It should be noted that goodwill has not been
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Business Plan- Crustless Bread The Product: Currently the bread available in market (brown or white) comes with crust which is usually cut before any preparations of bread. This leads to wastage of bread and materials required to prepare bread. This is a value loss for customers. Bread is consumed in variety of food preparations for lunch‚ snacks‚ breakfast‚ dinner. People of all age group prefer having crustless bread. Commonly‚ toast bread is baked in a normal oven and the crust is removed
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the Electronics‚ Land Systems and Marine sectors. Currently it is Asia’s largest defence and engineering company. (Wikipedia‚ 2013) 2.1 What is the significant historical development over 3 years? It reviewed the estimated useful lifes of property‚ plant and equipment periodically During the year‚ independent consultants were engaged to perform industry and benchmarking study of the depreciation rates of its PPE. The industry practices of the four sectors and the economic
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Sample Management Discussion and Analysis (MD&A) Note: This template is provided as a background for the MD&A. Districts have been preparing the MD&A for a number of years now‚ so for the most part you should start with your MD&A from LAST YEAR and update it. Therefore this document’s primary use is to remind you of what the MD&A is for and what points it should include. The purpose of the Management’s discussion and analysis (MD&A) is to introduce the basic financial statements and provide
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Term paper on: Business Plan in Bachelor’s Restaurant www.AssignmentPoint.com Executive Summary This restaurant business plan is for Bachelor’s Restaurant‚ a new medium-sized restaurant located in a trendy neighborhood of Bangladesh. Bachelor’s Restaurant emphasis will be on organic and creative ethnic food. An emphasis on organic ingredients is based on Bachelor’s Restaurant dedication to sustainable development. Additionally‚ the restaurant procures local foods
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Business plan of “Cartoon” kids café Content: Executive Summary………………………………………………………………...2 I Business Description……………………………………………………………2 II Industry profile and Overview…………………………………………………3 III Business Strategy………………………………………………………………3 IV Marketing Segment…………………………………………………………….4 V Management Segment…………………………………………………………..7 VI Start-up Segment………………………………………………………………7 VII Financial Segment……………………………………………………………10 Executive Summary “Cartoon” café
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5/18/2012 BUS: 700 SEMINER | GOLAM MOHAMMAD | PREPARED BY ISHRAT JAHAN ID# 112 0538 090 THE TODDLER WAREHOUSE | BUSINESS PLAN | Executive Summary 3 1.1 Objectives 3 1.2 Mission 3 Company Summary 4 2.1 Company Ownership 4 2.2 Start-up Summary 4 Services 8 Market Analysis Summary 8 4.1 Market Segmentation 8 4.2 Target Market Segment Strategy 10 4.3 Service Business Analysis 10 4.3.1 Competition and Buying Patterns 10 Strategy and Implementation Summary 11 5.1
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INTRODUCTION TO ACCOUNTING ACNT 1303 Lecture Notes GENERAL INFORMATION FOR COMPLETING THE CLASS The following is a summary of the twelve chapters that you will be completing this semester. Be sure that you are taking the time to read and STUDY each chapter. It is important to go through each of the examples in the book and to complete the Review Quiz. Spending time reading and understanding before you start the homework assignment will help you to complete in the exercises and case problems
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Waterways Continuing Problem 1 Waterways Continuing Problem WCP1 Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms‚ parks‚ commercial projects‚ and private homes. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that provides installation and warranty servicing in six metropolitan areas. The mission
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