correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Contemporary Cultural Diversity Issue CJA 423 University of Phoenix Monica Below April 30th‚ 2012 Contemporary Cultural Diversity Issue This handout was written to inform the reader(s) of an issue that is face every day by the Criminal Justice System: Should cultural customs or practices be prosecuted? With the amount of immigrants on the rise the question of their culture customs and practices being prosecuted is brought to mind. From the average persons view
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the 21st century‚ ‘contemporary’ is a huge topic in the society. Contemporary art which becomes a new type of art is also one of the main subjects for the study of art history. The definition of contemporary art can be quite different according to diverse aspect. This essay is going to define contemporary art in a historical trajectory and discuss how it is revealed in Cola Project which created by He Xiangyu‚ a young Chinese contemporary artist. The Definition of Contemporary Art With the development
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University | Classical and Contemporary Management | Made by: Aidyn Zhumabekov | DZHeyD 15.11.2012 | Contents Introduction...........................................................................................................................3 The Classical School of Management....................................................................................4 Strengths and weaknesses of classical management………………………………………..5 The Contemporary School of Management…………………………………………………7
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Contemporary Choral Compositions Most people that live in the modern generation view choral music as old‚ boring harmonies whose composers died with kings. However‚ choral music is not just for the elderly singing hymns apathetically in the church pews on Sunday morning. Though the perception of it remains unenthusiastic among common listeners‚ the life of choral music is not as dead or boring as most would assume. Choral music is made modern‚ enjoyable‚ and vibrant through the works of contemporary
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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id-mrc/21108/hnd BTEC HIGHER NATIONAL DIPLOMA IN HOSPITALITY MANAGEMENT MODUL: unit 1 the contemporary hospitality industry unit code: l/601/1788 lecturer: mr olajumoke taiwo Task-1 1.1 -Analyze the current scale‚ scope and diversity of the hospitality industry Radisson is a member of REDIZOR group of hotels with more than 270 hotels worldwide. It is the one of fastest growing chain .Radisson hotel has their own contemporary design so they do not compromise on comfort ‚they provide complimentary WI-FI
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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