Hong Kong University of Science and Technology Department of Accounting ACCT 3610 Functions of law in Society and Business Spring 2012-2013 Course Duration: 1 Semester Medium of Instruction: English Textbooks 1) An Introduction to Hong Kong Business Law: Vanessa Stott (Fourth edition‚ Longman) 2) Introduction to Law in the Hong Kong SAR: Ian Dobinson and Derek Roebuck (Second Edition‚ Sweet Maxwell) Instructor Instructor Room Email Consultation
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Like Macbeth‚ it is common for us‚ as humans‚ to feel a sense of division within ourselves in all aspects of life. The “Father of Psychoanalysis”‚ Psychologist Sigmund Freud‚ believed the human being was composed of three parts; the Id‚ the Superego‚ and the Ego. As Freud’s theory of the human psyche was widely known‚ it is likely that Shakespeare’s Macbeth was influenced by this theory. Many believe that different characters were representations of these three components; however‚ in studying Macbeth
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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ACCT553 Week 3 Homework – ANDRE SILVA _________________________________________________________ Please provide your answer to each question in the space provided below. When finished‚ submit to the DropBox. Chapter 7 1. In your "own" words‚ please describe what a "Suspended Loss" is‚ how it is generated and when it is becomes deductible. (5 pts) Suspended losses occur when losses from passive activities exceed income from passive activities in a tax year. The excess
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9.3 B Davidson‚ DDS‚ purchased new furniture for its store on may 1‚ 2011. The furniture is expected to have a 10-year life and no residual value. The following expenditures were associated with the purchased: Cost of the furniture …………………………………………………… Freight charges ………………………………………………………… Sales taxes ……………………………………………………………… Installation of furniture ………………………………………………… Cost of repair furniture damaged during installation …………………… $11‚000 375 550 75 400 Instructions a. Compute
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CASE 5 – Evidence 1. For each of the following specific audit procedures‚ indicate the type of audit procedure it represents: (1) inspection of records or documents‚ (2) inspection of tangible assets‚ (3) observation‚ (4) inquiry‚ (5) confirmation‚ (6) recalculation‚ (7) reperformance‚ (8) analytical procedures‚ and (9) scanning. a. Sending a written request to the client’s customers requesting that they report the amount owed to the client. a. Confirmation i. Existence; trying
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1. What is the defining distinction between for-profit businesses and not-for-profit‚ including governments? What are the implications of this distinction for financial reporting? Governments and not-for-profits provide services that are targeted to groups of constituents who advocate a political or social cause or who carry out research or other activities for the betterment of society. The objectives of governments and not-for-profits cannot generally e expressed in dollars and cents and are often
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Sponge Characteristics Kingdom Animalia Phylum porifera Multicellular Eukaryotic Simplest animals All aquatic Can be found in many colors and shapes Most are filter feeders Filter feeders- eat by straining particles from the water Do not have tissues Lack muscle and nerve cells Sessile- unable to move from where they are attatched Secrete roxing to: 1. Prevent other sponges from growing in their area 2. Protection from predators and paracites Sponge reproduction Reproduce both sexually and asexually
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What sets the floor for product prices? Product cost In an effort to differentiate its offerings from its competitors‚ Pegasus Computers decided to add an extra USB port in all its laptops besides providing a free pair of Delphi power bass headphones with every Pegasus laptop. Although the additional features increased the price of the laptops by $500‚ Pegasus was confident that the strategy would help boost demand for its laptops substantially. This is an example of ________ Value added pricing
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Stockholders own which type of business? The accounting equation may be expressed as Jason purchased office equipment for $4‚800 on account. This transaction would have what effect on the accounting equation? Stephen purchased office supplies for $800 in cash. This transaction would have what effect on the accounting equation? Meghan started her business by investing $30‚000 in cash. This transaction would have what effect on the accounting equation?
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