EXERCISE 14-1 (15-20 minutes) Valuation account relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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Liabilities Capital Revenues Credits are increases for these types of accounts: Liabilities Capital Revenues Credits are decreases for these types of accounts: Assets Withdrawals Expenses (5 min.) S 2-2 “The basic summary device in accounting is the account. The left side is calld the debit side‚ and the right side is called the credit side. We record transactions first in a journal. Then we post (copy the data) to the ledger. It is helpful to list all the accounts with their balances
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Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services
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COST ACCOUNTING P 15-35 Required: 1. Using selling prices‚ allocate the $1‚000 gateway-package revenue to the three divisions using: a. The stand-alone revenue-allocation method | Selling Price | Rev. Allocation | Precio por cuarto para dos personas 2 noches | $800 | $581.82 | Dos “rounds” de golf con precio de | 375 | 272.73 | Una cena para dos | 200 | 145.45 | | $1‚375 | $1‚000 | b. The incremental revenue-allocation method | Selling Price | Rev. Allocation
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In 1865 a new amendment was passed‚ becoming the thirteenth amendment to The Constitution. This amendment pertained to slavery and making it illegal to own slaves. This amendment was passed by Abraham Lincoln while he was in office. The thirteenth amendment was one of three very important ones passed after the civil war. This amendment is regarded as one of the most important amendments to date. It is very easy to see how this could be a result of the Civil War‚ which was fought over slavery
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1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
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What elements of Anglo-Saxon culture are evident in The 13th Warrior? The movie is a third person view of the uncultured northmen society. The Norse warriors are shown as brave warriors who fight for glory. The loyalty displayed by each man to his fellow warrior is astonishing.The 13th Warrior shows an superb variety of elements from the culture of the Anglo-Saxon people. Seen through the eyes of Ahmad ibn Fadlan‚ a Muslim ambassador whom has been exiled from his land‚ he enters a strange land full
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Jesus Garcia Carrera The 13th‚ 14th and 15th Amendments are very important because the US would have a completely different system then how it is now. The 13th amendment says that slavery nor involuntary servitude will be permitted anywhere in the United States unless it’s because of a punishment for crime. The 14th says that everyone in the US will have the same rights and that no state can restrict them. And the 15th states that no government or state government in the US can deny the right to
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SIGNIFICANCE OF 13TH‚ 14TH‚ 15TH AMENDMENTS The 13th Amendment went through a number of significant constitutional processes and stages before finally gaining a place in the United States Constitution as it is today. For example Senate actually passed the Amendment on April 8‚ 1864 but it was not until January 31‚ 1865 that the House would also pass it (Wagner‚ 2006). Even with this‚ actual adoption of the 13th Amendment came to fruition on December 6‚ 1865. The 14th Amendment also went through
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