ACCT TEST 1. Which of the following is NOT a characteristic of a corporation? a. Corporations are organized as a separate legal taxable entity. b. Ownership is divided into shares of stock. c. Corporations experience an ease in obtaining large amounts of resources by issuing stock. d. A corporation’s resources are limited to its individual owners’ resources. e. Corporations make up 20% of all businesses. 2. An entity that is organized according to state or federal statutes
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Audit and organize the data. Understanding your data before cleaning improves the efficiency of your project and reduces the time and cost of data cleaning. Understand the purpose‚ location‚ flow‚ and workflows of your data before you start. Document data quality requirements and define rules for measuring quality. Create a reference for success‚ and targets to keep the project in check along the way. Set statistical checks on the data‚ and set a standard of quality control and completeness. Create
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Cash Flow analysis Introduction Clearly‚ income statements and statements of financial position are the most common financial documents available to the public. But managers who make financial decisions may find themselves at something of a loss if they only have these two documents (reports on past performance) on which to base their decisions for today and into the future. Financial managers and investors‚ however‚ are far more interested in actual cash flows than they are in somewhat
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Question 1 How should the cost of borrowing funds to acquire or construct property‚ plant‚ and equipment be accounted for under IASB rules‚ as revised in 2007? a. It should be expensed in the period incurred. Selected: b. It should be added to the other costs of acquiring fixed assets to determine the amount for the balance sheet.This answer is correct. c. Both methods are acceptable. d. Neither method is acceptable under IASB rules. The cost of borrowing funds to acquire or construct property‚ plant
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A. Public expenditure and revenue management is a major headache for many countries. Having and maintaining a good expenditure and revenue management system is a primary goal of many governments especially in the developing world. Kariba‚ like many other developing countries is faced with so many public expenditure and management problems that need to be addressed urgently as the current state of the economy is nothing to write home about. Problems such as High levels of indiscipline in resource
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Remodels Its Growth Plans. Retrieved from http://www.forbes.com/2001/11/30/1130homedepot_print.html Global Property Value Hill‚ Charles W. L. (2011). Global Business Today. (7th ed.). New York: The McGraw-Hill Companies‚ Inc.. ISBN: 978-0-07-813721-1. Home Depot. (2013).About Us. Retrieved from https://corporate.homedepot.com/OurCompany/History/Pages/default.aspx Kaminsky‚ G.‚ (2009) Isora‚ M.‚ (2009). Importance of Strategic Alliances in Company Activity. Retrieved from http://www3.mruni.eu/~int
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Capital Budgeting Introduction Capital budgeting is the process of evaluating and selecting long-term investments that are consistent with the firm’s goal of maximizing owner wealth. A firm using capital budgeting‚ their goal is to see if there fixed income will cover itself for profit. Fixed incomes are things such as land‚ plant and equipment. When a firm using a machine to produce its good or service. They most of the time what the machine to produce the amount that they paid for the machine
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public spending since the Second World War’ Using the data and your economics knowledge‚ assess the likely impact of substantial cuts in public expenditure on the performance of the UK economy The UK economy can be judged by a number of key indicators mainly sustainable economic growth‚ low inflation (target 2%)‚ a surplus on the balance of payments and low unemployment. In this question I will explain the effect of cuts in public expenditure by the government on the performance of the UK economy
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1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: • • • Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions of a business The reporting of results Providing financial information as a basis for decision making 3 main processes define the accounting process: 1. IDENTIFYING: Selecting evidence of economic / financial activity (transactions) 2. RECORDING transactions to provide a permanent
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Questions 1.‘A theory that is purely syntactic is sterile.’ Comment. How can this statement relateto accounting? A syntactic theory is one that is capable of testing on the basis that it is valid in terms of itslogical consistency. Thus the calculation of accounting profit and determination of assetvaluation can be valid in relation to their conformity with rules prescribing the measurementof accounting profit and asset valuations. This can be described as sterile as it does notnecessarily relate
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