Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Business Case Analysis MEMO Date: 9 October 2014 To: KIOTO Group Senior Management From: Re: Your deteriorating position in the global solar thermal market race European market is changing‚ your customers are backward integrating into your own business‚ the Chinese are dominating through price dumping and while your lobbying efforts are admirable‚ do you really think it is enough to put the Chinese dragon to rest? Emerging markets show high potential particularly due to your tremendous efforts
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Elisabeth Schauer Compensation Management Case Two 2/17/15 Kyle Evans at Ruffian Apparel The Ruffian Kelowna store hadn’t have a capable store manager for a couple of months and their sales were not very impressive so the store decided to hire Kyle Evans to be the regional manager and to make some changes in the store. His job was to get the store back on track. The store had this expectation of making sales called Extreme Customer Service which meant the employees were supposed to go above and
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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4-androstenediol: Like androstenedione‚ 4-androstenediol is an efficient precursor to testosterone. In fact it appears comparatively much more so‚ as it utilizes a more active enzyme in its biotransformation to testosterone. Rough estimates are the 2 to 3 times more prohormone is needed for the same testosterone elevation with the preceding product. 4-androstenediol also avoids the direct path of metabolism to estrogen we see with androstenedione‚ as its diol structure resists interaction with the
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Carmen Rosa Case-4 The G family Relevant Symptoms: Larry is a 16-year-old male‚ single‚ who was referred by the juvenile court to family therapy. Larry is a teenager that is lacking from positive structure from his parents appears to be involved in gang fights‚ has been arrested three time for theft. Mr. G which is Larry’s stepfather is currently disable and is a stay home dad that take care of the house chores. Mrs. G works in a factory and have a younger daughter Heather‚ 14-year-old‚ female
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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G.R. No. 106913 May 10‚ 1994 COMMISSIONER OF INTERNAL REVENUE‚ petitioner‚ vs. HON. COURT OF APPEALS and ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION‚ respondents. FACTS: Private respondent (Atlas) mining corporation‚ organized and existing under and by virtue of the laws of the Philippines‚ operates a concession in Toledo City‚ Cebu. It actually used and/or consumed tax paid extra gasoline and diesel fuel for the mining operation purchased on various dates from Mobil Oil Philippines
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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
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E2.5. Classifying Accounting Items a. Current asset b. Net revenue in the income statement: a deduction from revenue c. Net accounts receivable‚ a current asset: a deduction from gross receivables d. An expense in the income statement. But R&D is usually not a loss to shareholders; it is an investment in an asset. e. An expense in the income statement‚ part of operating income (and rarely an extraordinary item). If the restructuring charge is estimated‚ a liability is also
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