A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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Knowledge Management on Air Quality Case Studies Knowledge Management on Air Quality Case Studies © 2010 Asian Development Bank and Clean Air Initiative for Asian Cities Center (CAI–Asia Center) All rights reserved. Published 2010. ISBN 978-92-9092Publication Stock No. RPT102406 Asian Development Bank and CAI–Asia Center. Knowledge management on air quality: Case studies. Mandaluyong City‚ Philippines: Asian Development Bank and CAI–Asia Center‚ 2010. 1. Knowledge management.
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Precious Knowledge Movie Review As the documentary begins‚ it introduced Priscilla‚ Gilbert‚ Crystal and Mariah. They are four high school students who attend the Mexican American studies at Tucson High School in Arizona. In spite of how well the program is doing‚ there has been many disapproval of the program. The main person who really didn’t like the program and wanted it completely removed is Mr. Tom Horne. His main reason of disapproval of the program was that he believed that the class
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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“We know with confidence only when we no little; with knowledge‚ doubt increases”. The quote used in the prescribed title was adapted from famous German writer‚ statesman and scientist‚ JW von Goethe. During his lifetime‚ from 1749 to 1832‚ knowledge that was supported by sufficient evidence was limited as was a majority of widely accepted scientific knowledge. Goethe’s quote seems unfitting for the era in which he lived with little readily available evidence to back his claim. Despite this fact
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Examination Paper of Semester III IIBM Institute of Business Management Semester-III Examination Paper Knowledge Management Section A: Objective Type (30 marks) • • • This section consists of Mixed Type questions & Short Answer type questions. Answer all the questions. Part One questions carry 1 mark each & Part Two questions carry 5 marks each. MM.100 Part One: Multiple Choices: 1. UCC stands for a. Universal Commercial Code b. Uniform Commercial Code c. Uniq Commercial Code d. United Commercial
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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Florida Teacher Certification Examinations Test Information Guide General Knowledge Test FLORIDA DEPARTMENT OF EDUCATION http://www.fldoe.org Second Edition Developed‚ produced‚ and printed under the authority of the Florida Department of Education Authorization for reproduction of this document is hereby granted to persons acting in an official capacity within the Florida K-20 education system‚ as enumerated in Section 1000.04‚ Florida Statutes. Permission is NOT granted for
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