Tort – a wrong‚ an omission or a wrongful act against a person or that persons property A breach of legal duty that proximately causes harm or injury to another Punishable by compensating or paying damages to the injured party The wrongdoer in a tort is the feasor The duty that a wrongdoer violates must exist as a matter of law Feasors are liable jointly and severely A plaintiff upon winning can pick and choose which to collect from To be tortious and act or an omission does not need to involve
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Chapter 1: * Ancestors came here by river * Each generation after the first of Simon lived and grew cotton with black slaves until the father Atticus decided to study law * Atticus invested his money in his brother john who studied law when it wasn’t worth growing cotton * Extremely hot weather is what the girl first remembers of the town * Lived on the main street in town Atticus‚ jem‚ the girl and the cook Calpurnia (coloured woman) * The girl’s mother died when she was 2
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CHAPTER 1 Partnership Formation and Operations EXERCISES Exercise 1 –1 |1.a |Campos‚ Capital |14‚000 | | | | Allowance for Uncollectible Accounts | |14‚000 | | | | | | |
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CHAPTER 16 (fin man); chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial
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In her essay “The Fourth of July”‚ Audre Lorde conveys her anger toward American society. Her anger is caused by the racism and discrimination in her country. Although she clearly establishes her claim‚ Lorde uses irony to express her opinions yet control her anger. Lorde’s essay was written in response to her family’s trip to Washington D.C. the summer after her graduation from eighth grade. In it‚ she writes‚ “the waitress was white‚ and the counter was white‚ and the ice
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Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson Education‚ Inc. publishing as Prentice Hall 1-1 • Explain why managers are important to organizations • Tell who managers are and where they work • Describe the functions‚ roles‚ and skills of managers • Describe the factors that are reshaping and redefining the manager’s job • Explain the value of studying management Management‚ Eleventh Edition by Stephen P. Robbins & Mary Coulter ©2012 Pearson
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CHAPTER 19 ACCOUNTING FOR INCOME TAXES Multiple Choice 1. Major reasons for disclosure of deferred income tax information is (are) a. better assessment of quality of earnings. b. better predictions of future cash flows. c. that it may be helpful in setting government policy. d. all of these. 2. Taxable income of a corporation a. differs from accounting income due to differences in intraperiod allocation between the two methods of income determination. b.
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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CHAPTER 1 Scope and Meaning of Accounting Introduction Need and Role of Accounting Meaning of Book -keeping and Accountancy Book-keeping Accounting — Science or Art Definition and Explanation of Accounting Users of Accounting Scope/Branches of Accounting z Financial Accounting z Cost Accounting z Management Accounting Systems of Accounting Objectives/Advantages of Accounting Limitations Terminology often used — Some Basic TTerms erms Check Y our
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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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