SOLUTIONS TO EXERCISES EXERCISE 4-1 BRISCOE COMPANY Worksheet For the Month Ended June 30‚ 2008 Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 2‚320 2‚320 2‚320 Accounts Receivable 2‚440 2‚440 2‚440 Supplies 1‚880 1‚580 300 300 Accounts Payable 1‚120 1‚120 1‚120 Unearned Revenue 240 140 100 100 Common Stock 3‚600 3‚600 3‚600 Service Revenue 2‚400 140 2‚540 2‚540 Salaries Expense 560 280 840 840
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PLANNING HORIZON a 1. The long-range time period‚ usually the next two to five years‚ over which the financial planning process focuses is known as the: a. planning horizon. b. planning strategy. c. planning agenda. d. short-run. e. current financing period. AGGREGATION b 2. The process by which smaller investment proposals of each of a firm’s operational units are added up and treated as one big project is known as: a. separation. b. aggregation. c. conglomeration. d. appropriation
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(10 min.) E 1-23 Req. 1 The owner’s equity increased during the year by $4‚000. Beginning owner’s equity: $19‚000 – $9‚000 = $10‚000 Ending owner’s equity : $27‚000 – $13‚000 = $14‚000 Change in owner’s equity: $14‚000 – $10‚000 = $4‚000 Req. 2 Owner’s equity can change three ways: Owner’s equity can increase through: Owner contributions and/or Net income Owner’s equity can decrease through:
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effective leader because she manages to maintain a huge influence on many people’s lives. 44 million people watch her show across 150 different countries. She has been called the perfect talk show host and has inspired other hosts such as Dr.Phil and Dr. Oz‚ to strive to help as many people as they can. (Caroline‚ 2011). She is extremely relatable and often opens herself up (even to the point of crying) to guests on her show in order to allow them to open themselves up as well. She gets is very intimate
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ACC 551 Midterm Exam Solution Follow the link below http://www.tutorialsguider.com/downloads/acc-551-midterm-exam-solution/ ACC 551 Midterm Exam Solution 1. Question :(TCO C) Under current accounting practice‚ intangible assets are classified as 2. Question :(TCO C) Which of the following intangible assets should not be amortized? 3. Question :(TCO C) The intangible asset goodwill may be 4. Question :(TCO C) ELO Corporation purchased a patent for $90‚000 on September 1‚ 2008. It had a useful
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Monstrous Actions Vs. Monstrous Appearance Many people perceive monsters as anything grotesque or not looking like the norm. In the book On Monsters‚ written by Asma‚ he mentions an array of monsters. He states‚ “One aspect of the monster concept seems to be the breakdown of intelligibility. An action or a person or a thing is monstrous when it can’t be processed by our rationality‚ and also when we cannot readily relate to the emotional range involved” (Asma 10). Because our perception is blinded
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Sunset Boards. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks‚ the founder of the company‚ is in charge of the design and sale of the surfboards‚ but his background is in surfing‚ not business. As a result‚ the company’s financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively small‚ and the company has made surfboards only for
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Tottenham Hotspurs‚ Plc. This certain case has many different possibilities for evaluation which gives it much complexity and much liberty while evaluating it. The soccer business sure has a certain relation with the performance and their revenues which makes it highly unstable when speaking of forecasted income of the club. We must first value the firm at its current position in order to be able to value as compared to acquiring the new stadium and obtaining a new goal scorer. In
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Hey‚ we were given an investigatory project for the 1st grading period in biology class. and i’ve come up with some ideas and i don’t know which of them is best to do. I need a topic that will come up‚ somehow‚ with a good and unique result according to my hypotheses (it could benefit the environment and mankind). I’m sorry i haven’t formulated a good title yet (for according to our teacher it should be catchy)‚ so these phrases are plainly ideas (options) only‚ not yet the actual project or research
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Works consulted Baum‚ Frank L. The Wonderful Wizard of Oz. New York‚ New York 10014‚ USA: New America Library‚ November 1984. Print. The wizard of Oz. Dir. Victor Fleming. Pref. Judy Garland‚ Ray Bolger‚ Jack Haley and Bert Lahr. MGM‚ 1939.DVD. Compare and Contrast After reading the novel The Wonderful Wizard of Oz by L. Frank Baum and watched the film‚ the audience would
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