Retained earnings unappropriated‚ December 31‚ 2011 $1‚262‚000 1. On January 2‚ 2011 short-term investments (classified as available-for-sale) costing $121‚000 were sold for $155‚000. 2. The company paid a cash dividend on February 1‚ 2011. 3. Accounts receivable of $16‚200 and $19‚400 were considered uncollectible and written off in 2011 and 2010‚ respectively. 4. Major repairs of $33‚000 to the equipment were debited to the Accumulated Depreciation account during the year. No assets were
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------------------------------------------------- Other Data 1. Film rental expense for the month is $14‚200. However‚ the film rental expense for several months has been paid in advance. 2. The building is being depreciated over a period of 40 years (480 months). 3. On the first of each month‚ the theater pays the interest which accrued in the prior month on its note payable. At July 31‚ accrued interest payable on this note amounts to $1‚583. 4. The theater allows local nursing homes to bring seniors to the
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Assignment 3: Accounting for Pensions and other Post-Retirement Benefits ACC 563 – Advanced Accounting Theory Abstract This paper will be based research‚ compare and contrast the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today with the Financial Accounting Standards Board (FASB) recently issued Statement of Financial Accounting Standards No. 158 "Employers’ Accounting for Defined Benefit
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Brief Exercise 11.1 Alpha Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 10) 100‚000 Additional paid-in capital (10‚000 * 3) 30‚000 Total paid-in capital 130‚000 Retained Earnings 75‚000 Total Stockholder Equity 205‚000 Brief Exercise 11.2 Beta Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 25) 250‚000 Issued and outstanding preferred stock (10‚000 * 100) 100
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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the question asked. 1. You must include a screen shot of the query (or queries) created and a screen shot of the results for each question. 2. Be sure you include the question and label your queries as 4-4.x (where x=question letter). 3. Paste all screen shots into a Word document and save the word document as WK2_Lab_LastName_FI.docx. 4. Place your completed lab in the dropbox. Grading for this assignment will be as follows: Answer the following questions based on query
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ACCT 110 Study Guide_Ch. 11 (Sv) Learning Objectives [1] Distinguish between a standard‚ a budget and variance. [2] State the formulas for determining direct materials and direct labor variances. [3] State the formula for determining the total manufacturing overhead variance. II. Standard and variance Standard is the norm (e.g. standard number of years to get a college degree; standard number of hours to get a good night’s sleep; standard amount of time spent to pass CPA‚ etc).
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Origins All types of businesses‚ whether service‚ manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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1. Write a one-hour lesson plan for two of the following topics; a) A lesson to contrast the use of the present simple with the present continuous for elementary students. Course title: What do you like to do? Teacher: Jeff Cheong Students / Level: 10 students (Age 7-9) Elementary students from China Aims: I want my students to understand the difference between the usage of present simple and present continuous tense. Using a teach and practice approach‚ the lesson focuses on understanding
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