Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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expected selling price. (iii) Dual Aspect The dual aspect concept can be defined as every transaction having a minimum of two entries into the accounting system. One represented by the assets of the enterprise and the other by the claims against it. Should there be a debit entry then there must be a credit entry as well. Due to this concept‚ the accounting equation ‘Asset = Equity + Liability’ is formed. Example: 1. Company ABC made payment of salary RM5000 by cheque to its staff. Using the dual
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Long-Term Construction Contracts 163 CHAPTER 10 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 10-1: a Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9
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List of Adjectives in Arabic Below is a list of the Adjectives‚ Colors‚ Shapes‚ Sizes in Arabic placed in a table. Memorizing this table will help you add very useful and important words to your Arabic vocabulary. English Adjectives colors black blue brown gray green orange purple red white yellow sizes big deep long narrow short small tall thick thin wide shapes circular Arabic Adjectives -ا%َ#انalawoan ُ -أَ)#دaaswad َ ْ -أَزرقaazraq َ ْ /1َ2- baneee
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society. [B] different groups of people remained isolated. [C] people traveled so often‚ getting to know each other. [D] the lifestyles were radically different from all that had gone before. [E] elements of the culture were widely shared. 3. The foremost power in Anatolia from 1700 to 1200 B.C.E. was the [A] Medes. [B] Assyrians. [C] Kassites. [D] Hittites. [E] Babylonians. 4. During the Late Bronze Age‚ important Middle Eastern states shared a vital interest in the trade
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Chapter One Questions 2. Financial Statements include balance sheet‚ income statement‚ statement of cash flow‚ statement of owners or stockholders equity. Financial Reporting includes corporate annual reports‚ prospectuses‚ reports filed with gov’t agencies‚ news releases‚ management forecasts‚ and social or environmental impact statements. 5. The objectives of financial reporting are to provide (1) information that is useful in investment and credit decisions‚ (2) information that is useful
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Score: 139.70 1. out of 140 points (99.79%) award: 10 out of 10.00 points Exercise 3-1 Classifying adjusting entries LO C3 In the blank space beside each adjusting entry‚ enter the letter of the explanation A through F that most closely describes the entry. A. B. C. D. E. F. To record this period’s depreciation expense. To record accrued salaries expense. To record this period’s use of a prepaid expense. To record accrued interest revenue. To record accrued interest expense. To record the earning
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Homework Assignment – Chapter 1 1. Prepare an analysis of the automobile manufacturing industry using Porter’s five forces framework. For each component force provide support for your conclusion. In addition‚ at the completion of your analysis provide a conclusion‚ along with support‚ of whether you expect the automobile industry to report high or low profitability in the near future. 2. Tremble Company manufactures outdoors wear for women. During 2009‚ the company reported the following
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Print Full Name Date Speech 100 section ___ Homework Four Chapter 16 Speaking to Persuade Page 322 review questions 1-10 After reading this chapter‚ you should be able to answer the following questions: 1. What is the difference between an informative speech and a persuasive speech? Why is speaking to persuade more challenging than speaking to inform? 2. What does it mean to say that audiences engage in a mental dialogue with the speaker as they listen to a speech? What implications
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The relationship between the British North Colonies and the government back in England was basically based on religion and politics. The British colonies were under the supervision of the government back home‚ and because of that‚ they eventually rebelled. Religion played a crucial role in this specific relationship. Puritans‚ the followers of John Calvin‚ wished to purify the corrupt church. Because of their specific beliefs and doings‚ they were quite popular with entrepreneurs and merchants
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