Chapter 1 Introduction to Business Combinations and the Conceptual Framework Multiple Choice 1. Stock given as consideration for a business combination is valued at a. fair market value b. par value c. historical cost d. None of the above 2. Which of the following situations best describes a business combination to be accounted for as a statutory merger? a. Both companies in a combination continue to operate as separate‚ but related‚ legal entities. b. Only one of the combining companies
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Sarah Campos AP World History (5th period) Mr. Jackson 10/8/14 Stearns Chapter 8: African Civilization and the Spread of Islam 1. There were some states whose rulers exerted authority through a network of officials but stateless societies were more common. These stateless societies were formed around kinship and other forms of commitments and were sometimes bigger and more extensive than states. There were many government types but a board of families or communities held power. However‚ this authority
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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CHAPTER 3 The Accounting Cycle QUESTIONS Q3-1. Much more judgement is required for accrual accounting than for cash accounting because there is greater uncertainty at the time events are recorded in the accounting system. There is no uncertainty around the point in time when the cash is paid or collected. Accrual accounting records economic events‚ not cash flows. When an economic event occurs can be ambiguous. It’s less certain when revenue has been earned than when cash is received. It
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Chapter Three: American Federalism and Nationalism 1. What is the Necessary and Proper Clause? How has it been used to stretch the powers of the national government? The constitutional declaration defines the Necessary and Proper Clause as Congress’s authority to exercise the “necessary and proper” powers to carry designated functions. It is also known as elastic clause‚ because it includes all implied in the constitutional text. It has been used to stretch the power of the national government
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with this historian because some of Bacon’s causes for rebellion were important enough to the people living in Virginia to want changes. Taxes began to rise on tobacco‚ salaries of the government officials began to increase‚ and no servants were selected to the council after 1640. In 1675 colonists ordered Governor Berkeley to return with an army after killings by the Indians alongside the Fall Line (The line marking the waterfalls of nearly parallel rivers). In March of 1676 the representatives
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End of chapter revision questions for the mid term exam Rose Ch5 Questions 3‚ 6‚ 7 Ch 6 Questions 4‚ 5‚ 9 Rose Ch 17 Questions 7‚ 8 Ch 12 Questions 3‚ 6 5-3. If you know the following figures: |Total Interest Income |290 |Provision for Loan Loss |10 | |Total Interest Expense |205 |Income Taxes |15 | |Total Noninterest Income |27 |Dividends to
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Chapter 18 Vocabulary • Energy Efficiency- Percentage of the total energy input that does useful work and is not converted into low-quality‚ usually useless heat in an energy conversion system or process. See energy quality‚ net energy. • Incandescent Light Bulb- One largely used devices that uses large amounts of energy‚ wastes 95% of its energy input of electricity • Internal Combustion Engine- Another device that uses a lot of energy‚ wastes 75%-80% of the energy in its fuel • Coal-Burning
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(10-2) IRR A project has an initial cost of $52‚125‚ expected net cash inflows of $12‚000 per year for 8 years‚ and a cost of capital of 12%. What is the project’s NPV? (Hint: Begin by constructing a time line.) What’s the project’s IRR? NPV = Cash Flow in Period n/ (1 + Discount Rate)n NPV = $52‚125 + 12‚000/(1 +.12)8 = 4‚846.60 12‚000/(1 +.12)7 = 5‚428.19 12‚000/(1 +.12)6 = 6‚079.58 12‚000/(1 +.12)5 = 6‚809.13 12‚000/(1 +.12)4 = 7‚626.21 12‚000/(1 +.12)3 = 8‚541.35 12‚000/(1 +.12)2 = 9‚566.33
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Keri Sage A&P 2530 Effects of Selected Drugs Anesthesia uses a great amount of drugs to suppress pain that would occur in the body. Alcohol‚ Aspirin‚ Lidocaine‚ Morphine‚ Ketamine‚ and Succinylcholine are drugs used during anesthesia. These drugs are used to interrupt pain signals during surgical procedures. ~ For decades people have been using the effects of alcohol to suppress their pain. In the early 1900’s a physician suggested to use intoxicating amounts of alcohol before medical procedures
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