CASES Real World Case 5-1 Requirement 1 A bill and hold strategy accelerates the recognition of revenue. In this case‚ sales that would normally have occurred in 1998 were recorded in 1997. Assuming a positive gross profit on these sales‚ earnings in 1997 is inflated. Requirement 2 A customer would probably not be expected to pay for goods purchased using this bill and hold strategy until the goods were actually received. Receivables would therefore increase. Requirement 3 Sales that would
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CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security
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SOLUTIONS TO CODIFICATION EXERCISES CE16-1 Master Glossary (a) The amount of earnings for the period available to each share of common stock outstanding during the reporting period. (b) A reduction in EPS resulting from the assumption that convertible securities were converted‚ that options or warrants were exercised‚ or that other shares were issued upon the satisfaction of certain conditions. (c) A security that gives the holder the right to purchase shares of common stock in accordance
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to act the emotion out‚ and your table has to guess what it is called” “You are not allowed to show the card” *gesture hiding*“You are not allowed to talk” *gesture mouth closed* “Whoever gets the emotion right keeps the cards”“The person with the most cards at the end wins” I will then ask concept check questions ““Am I allowed to talk?” No“Do I have to act out the feeling” Yes“Can I show my card to other people?” No I will then do the first emotion with the class‚ I will act this
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To what extent was Margaret Thatcher’s opposition against sanctions in South Africa in support of apartheid? Table of Content Section Page Number Introduction 2 Review of Literature 3 Processing of Findings 6 Conclusion 9 Bibliography 10 Appendix 11 Plagiarism Report 12 Introduction Margaret Thatcher became the first female prime minister of Britain in 1979. The Iron Lady was not only one of Britain’s most controversial prime ministers but also left an impression on Great
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Instead of merely troubleshooting the challenges of our education system‚ the authors also provide a solution in the form of a fully re-imagining of what a high-quality education for all should look like. This book Most Likely to Succeed is very useful for everyone concerned about the success of our children in this 21st century. The book conveys this urgency while providing an inspiring perception of what the students‚ and teachers‚ need to do under the right conditions. This paper provides a detailed
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liab. (will study in 2303) Next topic: Reversing entries Not required...they are done to simplify a company’s processing of transactions. But accountant must know if it’s being done bc balances will look diff (?). Never made for non-cash entries. Most frequently used with accruals but can be done with cash rcpts/disbursements if company isn’t using their … Supplies: on unadj trial bal‚ if I only see Supplies Exp then I know something is missing -- adj entry will put
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Is prison always the best solution? Some people think that the best way to reduce crime is to give longer prison sentences. Others‚ however‚ believe there is better alternative ways of reducing crime. Nowadays‚ the number of crime is rapidly increasing. Many people indicate that all the lawbreakers should be sent into jail. First‚ it is essential to base on the seriousness of crimes in order to give appropriate punishments. Because it is society’s money to build and manage prisons‚ governments
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Kenisha D. Earls Politics in the Movies July 13‚ 2010 In the movie “The Candidate” I thought that the film was very interesting to me‚ being a person that has never been interested in politics. I found it interesting even though I am not for sure if this is the way that campaigns are run now. I thought it was nice to see how some candidates may be chosen‚ especially in this film because he was not expected to win the election
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Going into 7th grade was a big deal for me‚ I had a big decision to make. At my school you can choose to go to to Intermediate‚ middle school‚ or Secondary‚ high school. The difference is that in Secondary you have four online courses instead of two. I decided that I wanted to go to Secondary. I thought that it would be easier. I struggled at the beginning of the year not knowing what I was doing; I also didn’t know how anything worked. As the year went on‚ I figured out how to make the best use
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