A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
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“The theories we use to help us understand standard-setting in national arenas (such as Australia) don’t work so well at the international level where the . . . International Accounting Standard Board (IASB) is taking a leading role. We will have to modify them or expand our theoretical repertoire” Discuss the above statement‚ clearly indicating your agreement or otherwise about the basis for your views. Abstract: The theories that are presented in this paper all assume the importance of a
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8 0 3 W BLA 7 3 r e t p a Ch erg b d l o G r o s s e f o Pr Partnerships have existed for thousands of DETAILS: years. partnership can be created with no formalities‚ its partners are managers‚ partners are fiduciaries‚ partners have unlimited liability‚ and partners share profits and losses Example Two students agree to buy basketball tickets‚ to resell them (scalping)‚ and to share the profits. They may not intend to create a partnership‚ but they have. If one of the students has a bad night
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Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment 4. Firms can directly control the elements of the seven segments of the general environment. ANS: F PTS: 1 DIF: Easy REF: 37 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment 5. To successfully deal with today’s external environment and to achieve strategic
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Practice Math IA • Each set of steps above is composed of 1x1 squares • Show what 4 steps and 5 steps look like • ‘n’ represents the number of steps • Find the area for n= 1‚2‚3‚4‚5 Step 1: Step 2: Step 3: Step 4: Step 5: 12 = 1 12 x 3 = 3 1 2 x6 = 6 1 2x10 = 10 12x 15 =15 |Steps (n) |Area
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Rachel Savage Ms Cogburn English 1A 13‚ May‚ 2013 Paper #4 Big Farms Cause Big Problems California is a state known for its’ agriculture‚ and provides a good majority of the nations’ food. In the central valley‚ our rich soil‚ diverse biotic communities and eco-systems‚ provide an environment that allows a great variety of what our farmers can plant‚ however‚ many farmers do not utilize this ability. Instead farmers of big corporate farms are looking to make the most money possible‚ so they
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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year information given by that statements. It includes 2007‚ 2008‚ 2009‚ 2010 and 2011 years. I have used following ratios. * Return on equity (ROE) * Return on assets (ROA) * Net interest margin (NIM) * Net interest margin after provision for loan losses (NIMPLL) * Efficiency ratio * Fee income ratio * Earnings per share * Tax management efficiency * Net profit margin (NPM) * Asset utilization (AU) * Equity multiplier (EM) * Return on equity = Net
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In “Big Ideas‚ Big Problems” written by Stefan Halper‚ Halper discusses the two issues‚ Big Ideas and constant media‚ that negatively affect U.S policies and its public. Advertised sloganeering along with America’s susceptibility to overly cumbersome political movements is the root of the problems that push citizens to feel patriotic in a negative and irrational way. Halper goes on to discuss the issues that continuously arise from each major world crisis by stating “each has suffered [from] … ill-conceived
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