E1-3. The Long Run Golf & Country Club details the following accounts in its financial statements. Accounts payable and accrued liabilities a) liability (L) b) operating activity (O) Accounts receivable a) asset (A) b) operating activity (O) Property‚ plant‚ and equipment a) asset (A) b) investing activity (I) Food and beverage operations revenue a) revenue (R) b) operating activity (O) Golf course operations revenue a) revenue (R) b) operating
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ACC201 … STUDY GUIDE for TEST ONE (Chapters 1‚ 2‚ 3) Test #1 will consist of 50-60 of the questions below. (Finding the “answers” to these questions is part of the review) True or False 1. Owner’s equity represents the amount of assets that can be claimed by creditors. 2. The right-hand side of an account is always the increase side. 3. A ledger is a chronological record of a business’s transactions. 4. The chart of accounts proves that all
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Question 1: Identify three ethical principles that you personally believe reflect “natural laws” that are self-evident and that all people ought to ascribe to. If you don’t personally believe that there are any such principles‚ then identify three such ethical principles that are incorporated into one or more religions (such as the Golden Rule). 1. We all should treat others how we would want to be treated (Golden Rule). 2. Accept that all people are not the same and don’t judge people because they
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essay focuses on the importance of ethical principles in a counselling relationship. In the following essay I intend to start by explaining my knowledge of the process of counselling it’s beginning ‚ middles and endings . It also explains the skills and techniques required and used in each of these phases of the counselling processes ‚ emphasising on roger’s core conditions . It then explains how the whole counselling process in bound and directed by the ethical framework of counselling which is
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Matric no: ______________ Group: _________ Attendance list no: _____________ Tutorial 1: Chapter 1‚ 2‚ 3 DUE DATE: 3 OCTOBER 2013 1. Accounting is a process involving the following activities‚ EXCEPT: A. recording of economic activities B. communicating to stakeholders C. identifying relevant economic activities D. guaranteeing profitability of business operation 2. A senior accountant working at the Account Department of Universiti Utara Malaysia is also known as: A. a public
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The Principles of Scientific Management and its Applications in Modern Day Organizations Introduction Managers have been continuously trying to figure out the best way to manage the workplace since the start of the industrial revolution. The goal is to maximize production output and minimize cost therefore getting maximized profit while still keeping workers happy and motivated. Different methods have been introduced and tested. But perhaps one of the most influential and popular ideas in management
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How are religious and ethical principles used in the abortion debate? Abortion has been legal in the United Kingdom since the Abortion Act of 1967‚ which was further amended in the Human Fertilisation and Embryology Act of 1990‚ lowering the length of pregnancy in which it is legal to have an abortion from 28 weeks to 24 weeks‚ owing to advances in medicine and a decrease in the age of viability of a foetus. There are four criteria which allow women to have an abortion‚ as long as they have the
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Principles of Modern Finance Spring 2013 Sample Midterm February 22‚ 2012 Instructions • You have 1 hour and 40 minutes. • The exam is out of 25 points. • There are 22 multiple-choice questions. 19 questions are worth one point‚ 3 questions are worth two points and are marked as such. • If you get stuck‚ move on and come back later. 1 1. A stock is expected to pay a dividend of $10 next year‚ and this dividend is expected to grow by 5% each year thereafter. What should the price of the
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SECTION A Answer any FOUR questions from this section. Each question carries 10 marks. 1. For each of the independent situations described below‚ list the accounting principle or concept that has been violated and give your explanation. (10 marks) i. Raymond Company has been adopting different methods to calculate depreciation on its motor vehicles for the past 4 years. ii. In estimating the provision for doubtful debts‚ the accountant of Peter Limited prefers to have a provision
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Principle of Accounting II‚ Exam 3‚ spring 2010 V 1-17. A flexible budget is a budget that: A. is updated with actual costs as they occur during the period. B. is updated to reflect the actual level of activity during the period. C. is prepared using a computer spreadsheet application. D. contains only variable production costs. 2-19. Marchi Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn’s guests appreciate its gourmet breakfasts and individually
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