Geological Time Unit 2 Test /44 Multiple choice: Choose the best answer for each question /13 According to Earth scientists‚ how old is the Earth? 4.6 million years 3.5 million years 4.6 billion years 3.5 billion years When did oxygen first form in the atmosphere according to Earth scientists? 4.6 billion years ago 3.5 billion years ago 2 billion years ago 1 billion years ago Which life form came first according to the Geological Time Scale
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CHAPTER 11 Financial Reporting Concepts ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Set A Problems Set B 1. Explain the importance of having a conceptual framework of accounting‚ and list the components. 1‚ 2 1 3 3 2. Identify and apply the objective of financial reporting and the underlying assumptions used by accountants. 3‚ 4‚ 5 2‚ 3‚ 6 1‚ 2‚ 4‚ 5‚ 6 1‚ 2‚ 4‚ 5 1‚ 2‚ 4‚ 5 3. Describe the fundamental and enhancing
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Chapter 19: Accounting for Income Taxes Fundamentals of Accounting for Income Taxes * Intro * Pretax Financial Income- income before taxes‚ income for financial reporting purposes‚ income for BOOK purposes * Determine according to GAAP * Taxable Income- amount used to compute income taxes payable * Determine using Internal Revenue Code (tax code) * Differences arise for a simple reason‚ for financial reporting purposes companies use the full accrual
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Life Isn’t Multiple Choice Were you ever forced into taking a standardized test? If so‚ you are aware of all the test preparation you have to go through and all of the pressure you feel. “Standardized tests are tests in which all the questions‚ format‚ instructions‚ scoring and reporting of scores are the same for all test takers‚” (Standardized Tests: Terms and Definitions‚ 1). There is a lot of controversy and questions being asked pertaining to the tests because many teachers‚ students‚ and parents
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COMM 370 – Elena Simintzi Practice for Lecture 1: Basic Financial Analysis Question 1. Consider the following financial statements for SubMart Corp contained in the company’s most recent annual report filed with the OSC. SubMart Corp Balance Sheet‚ December 31‚ 2012 Assets Cash Accounts receivable Inventories Property‚ plant & equipment Less accumulated depreciation Total assets Liabilities & Equity Accounts payable Accrued expenses payable Long-term debt Common stock Retained earnings Total
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Dalron Pedro 11 HZ Accounting Report: Control of Fixed Assets Due date: 16 February 2015 Question 1 The drivers carry a full load of goods to Johannesburg but return empty to Durban. Are the drivers receiving a fair remuneration (wage) for work done? Motivate by using calculations. Answer Drivers are not getting a fair remuneration. Drivers are paid per trip and not per hour or days’ work. Drivers are not paid the same amount for the same trip‚ from Durban
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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due process in issuing IFRS. CA1-3 CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. 1. GAAP stands for: ANS: D) generally accepted accounting principles. 2. Accounting standard-setters use the following process in establishing accounting standards: ANS: (d) Research‚ discussion paper‚ exposure draft‚ standard. 3. GAAP is comprised of: ANS: (d) any accounting guidance included in the FASB Codification. 4. The authoritative
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Liabilities Capital Revenues Credits are increases for these types of accounts: Liabilities Capital Revenues Credits are decreases for these types of accounts: Assets Withdrawals Expenses (5 min.) S 2-2 “The basic summary device in accounting is the account. The left side is calld the debit side‚ and the right side is called the credit side. We record transactions first in a journal. Then we post (copy the data) to the ledger. It is helpful to list all the accounts with their balances
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File: Chapter 1 Essentials CAEQBPro Multiple Choice 1. QuickBooks Pro 2008 Student Trial Edition will operate for how many days after registration? a. 30 days. b. 60 days. c. 120 days. d. 140 days. Ans: d 2. Once QuickBooks Pro 2008 Student Trial Edition is installed‚ all of the following icons will appear on the desktop except: a. QuickBooks Pro 2008. b. Support for QuickBooks. c. QuickBooks Library. d. Payroll for QuickBooks. Ans: c 3. The
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