production. | | | | less than the number of units put into production. | | | | the same as the number of units completed. | | | | less than the number of units completed. | | Instructor Explanation: | Chapter 4 | | | | Points Received: | 0 of 5 | | Comments: | | | | 2. | Question : | (TCO F) Luft Company uses the weighted-average
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are: (a) Payment of an accounts payable. (b) Collection of an accounts receivable from a customer. (c) Transfer of an accounts payable to a note payable. 2. Transactions (a)‚ (b)‚ (d) are considered business transactions and are recorded in the accounting records because a change in assets‚ liabilities‚ or owners’/stockholders’ equity has been effected as a result of a transfer of values from one party to another. Transactions (c) and (e) are not business transactions because a transfer of values
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straight-line method of amortization were used? SOLUTION (a) (1) 2010 July 1 Cash 3‚501‚514 Discount on Bonds Payable 498‚486 Bonds Payable 4‚000‚000 (2) Dec. 31 Bond Interest Expense ($3‚501‚514 X 5%) 175‚076 Discount on Bonds Payable 15‚076 Bond Interest Payable ($4‚000‚000 X 4%) 160‚000 (3) 2011 July 1 Bond Interest Expense [($3‚501‚514 + $15‚076) X 5%] 175‚830 Discount on Bonds Payable
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Chapter 5: Making a Living I. Adaptive Strategies Yehudi Cohen (1974) argued that similar economic causes have similar sociocultural effects Ex. There are clear similarities among societies that have a foraging strategy Cohen developed a typology of five adaptive strategies: Foraging Horticulture Agriculture Pastoralism Industrialism A. Foraging Although there are different types of foragers‚ they all share one essential feature: people rely on nature to make their living. Animal domestication
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Chapter 5 Student: ___________________________________________________________________________ 1. The success of the rose industry in Ecuador is a good example of the economic benefits of what? A. Free trade B. Restrictive government regulations C. New tax rules D. Technological advancements E. Firm rivalry 2. Propagated in the 16th and 17th centuries‚ __________ advocated that countries should simultaneously encourage exports and discourage imports. A. ethnocentrism B. capitalism C. collectivism
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Chapter 5- Affirmative Action Case 1-Local 28‚ Sheet Metal Workers v. EEOC I- The union and its apprenticeship committee were found guilty of discrimination against Hispanics and blacks were ordered to remedy the violations. Found in contempt of court orders to remedy violations‚ court eventually imposed fine and an affirmative action plan as a remedy. Did provisions of Title VII give the courts power to order race conscious membership quotas? R- Title VII A- The court held that Title VII doesn’t
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Solutions to Questions 2-15 Direct labour cost (46 hours $18 per hour) $828 Manufacturing overhead cost (6 hours $9 per hour) 54 Total wages earned $882 2-16 Direct labour cost (35 hours $26 per hour) $910 Manufacturing overhead cost (5 hours $26 per hour) 130 Total wages earned $1‚040 Problem 2-15 (30 minutes) Name of the Cost Variable Cost Fixed Cost Product Cost Period (Selling
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Chapter 19 Completing the Audit / Postaudit Responsibilities |Learning Check | 19-1. The three categories of activities in completing the audit are (a) completing field work‚ (b) evaluating the findings‚ and (c) communicating with the client. 19-2. The activities involved in completing the field work are (a) making subsequent events review‚ (b) reading minutes of meetings‚ (c) obtaining evidence concerning litigation‚ claims‚ and assessments‚ (d) obtaining
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| | | | Sole proprietorships and partnerships generally have a tax advantage over many corporations‚ especially large ones. | | | | Corporations of all types are subject to the corporate income tax. | | Instructor Explanation: | Chapter 1Explanation: Ch 1: d is correct‚ all others are incorrecta: incorporating provides owners limited liabilityb: sole proprietorship has less regulation than corporationc: In limited partnerships certain partners can be designated general partners
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Week 5 HW Solutions 13-22 a. (2) b. (2) c. (1) d. (4) 13-23 a. (2) b. (3) c. (1) d. (3) * Discussion Questions and Problems 13-24 a. | b. | 1. TD of B 2. TD of B 3. AP 4. T of C 5. ST of T 6. AP 7. TD of B 8. T of C 9. TD of B 10. T of C 11. T of C | RecalculationDocumentationAnalytical proceduresDocumentationDocumentationAnalytical proceduresDocumentationInquiry and observation ConfirmationDocumentationInquiry
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