Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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Kaplan University AC113-01 UNIT 1 ASSIGNMENT My current networking strategies are different in comparison to my past networking strategies. Over the years I have realized how important networking is and that it is something that you must tend to over time in order to reap benefits from it in the future. After all‚ the United States Bureau of Labor of Statistics stated that 70% of jobs are obtained through networking (Caullay). In the past I used to only have friends‚ family members‚ and
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coun Toll Brothers faces many business risks that could threaten the company’s ability to satisfy stockholder expectations. Toll Brothers compete in a very competitive environment and this being said‚ if one of Toll Brothers competitors were to change their plans it could negatively affect them. Not only can the competitors negatively affect Toll Brothers but also the general economic and market conditions. The terrorist attacks that occurred on September 11th also have a great impact on Toll Brothers
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Aaron Dodwell Llandrillo College Rhos on Sea Abbi Farebrother Abi Groom Llandudno Adam McKenzie-Williams LJMU Adii Roberts NEWI Wrexham Adrian Phylip-Jones Aimee Williams Works at Armani exchange Alan Chitty Alice Goodwin Amie Williams Bangor‚ Gwynedd Andrea Davis Andrew Perkins Andy Baxter
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REQUIRED: Draft the appropriate audit opinion given the following scenarios. Each situation is independent of the other situations. 1. Proli Footwear’s management refuses to accrue the accounts receivable loss related to the bankruptcy of Moccasins For All. 2. The bank is expected to withdraw its financing because: a. The Company has projections that indicate continued decrease in earnings and reduced revenues; OR b. The Company has violated certain loan covenants that the bank will not waive
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Managerial Auditing Journal Emerald Article: Forensic accounting education: insights from academicians and certified fraud examiner practitioners Zabihollah Rezaee‚ E. James Burton Article information: To cite this document: Zabihollah Rezaee‚ E. James Burton‚ (1997)‚"Forensic accounting education: insights from academicians and certified fraud examiner practitioners"‚ Managerial Auditing Journal‚ Vol. 12 Iss: 9 pp. 479 - 489 Permanent link to this document: http://dx.doi.org/10.1108/02686909710185206
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define accounting. What are the three main characteristics of accounting? Is accounting static or dynamic? Accounting collects‚ analyzes‚ measures and records financial information about an organization and reports that information to stakeholders and decision makers. Accounting has 3 essential characteristics. Accounting is the (1) identification‚ measurement‚ and communication of financial information about economic entities to interested persons. Like social sciences‚ accounting is largely
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Written by: Birgit Löhndorf Department of Marketing‚ Vienna University of Economics and Business‚ Vienna‚ Austria Written by: Adamantios Diamantopoulos Department of Business Administration‚ University of Vienna‚ Vienna‚ Austria Abstract Prior research acknowledges employees’ crucial role in building strong service brands‚ yet empirical research on how to turn employees into brand champions remains scarce and has been largely approached from an internal branding perspective. Drawing on social
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*Functions of Accounting Work ( Recording / Classifying / Summarizing *Accounting- “art of recording‚ classifying & summarizing in a significant matter and in terms of money; transactions and events w/c are in part at least of a financial character and interpreting the results thereof.” ( How? (AICPA – American Institute of CPA) *Science- existing body of knowledge that governs accounting practice (Accounting Theory) *Art- creative skill & ability *4 Functions of Accounting 1. Recording-
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"We Stand for White Supremacy": A Dilemma for a Ku Klux Klan Member Introduction to Literature Race is a very complex and conflicted issue that has faced our country for quite sometime. The influence of racism and racial prejudice is constantly reflected throughout many different means; media‚ music‚ and literature (Brown‚ 1999). Racism is an attitude‚ an action‚ or an institutional organization that subordinates individuals or groups of individuals because of physical characters‚ such as skin
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