Long-Term Construction Contracts 163 CHAPTER 10 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 10-1: a Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9
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Week 2 Individual Assignments from the Reading Chapter 8 3) What are the essential features of the allowance method of accounting for bad debts? The essential features of the allowance method of accounting for bad debts are: (1) Uncollectible accounts receivable are estimated and matched against revenues in the same accounting period in which the revenues occurred. (2) Estimated uncollectibles are debited to Bad Debts Expense and credited to Allowance for Doubtful Accounts through an adjusting
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CHAPTER 10 Cash Flows and Other Topics in Capital Budgeting ANSWERS TO END-OF-CHAPTER QUESTIONS 10-1. We focus on cash flows rather than accounting profits because these are the flows that the firm receives and can reinvest. Only by examining cash flows are we able to correctly analyze the timing of the benefit or cost. Also‚ we are only interested in these cash flows on an after tax basis as only those flows are available to the shareholder. In addition‚ it is only the incremental
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Week 5 Chapter readings: 2 (p.)‚ 9 (p.)‚ and 10 (p.) of Programming in Visual Basic 2010. Bringing Advanced Techniques Together Searches: JavaScript and databases and web services website design and techniques DQ 1 Does the use of CSS affect the ability to use the advanced web techniques that you have applied throughout the course? The ability to use CSS in advanced web will not alter the advanced web techniques since it is used in the look and formatting of a web page. CSS from the
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STAYING IN HOSTEL ENSURES STUDENTS’ ACADEMIC EXCELLENCE | INTRODUCTION | | Attention getter | Hostel is a place where school or university provided for students or certain groups of workers that their houses are far from it. | General statement | Life in hostel is different from the life in a home. | Thesis statement | Due to this positive environment‚ staying in hostel can ensure students’ academic excellence. | | | PROs | | | | BODY 1 | | Topic sentence | Firstly‚ the factor involve
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K to 12 BASIC EDUCATION CURRICULUM TECHNOLOGY LIVELIHOOD EDUCATION INFORMATION AND COMMUNICATIONS TECHNOLOGY - COMPUTER HARDWARE SERVICING GRADE 7/8 (Exploratory) Course Description: This is an exploratory and introductory course which leads to a Computer Hardware Servicing National Certificate Level II (NC II). It covers five common competencies that a Grade7/Grade 8 Technology and Livelihood Education (TLE) student ought to possess: 1) use of tools; 2) maintaining tools‚ equipment and paraphernalia;
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Top 10 Drugs and Their Effects Drug abuse is a very common problem in most countries so it seemed like a good topic for a list. This is a list of ten of the most abused drugs and the effects they have on people. 1. Heroin Heroin is an opiate processed directly from the extracts of the opium poppy. It was originally created to help cure people of addiction to morphine. Upon crossing the blood-brain barrier‚ which occurs soon after introduction of the drug into the bloodstream‚ heroin is converted
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Week 6 Exam Part 1: Define each of the following terms as they are used in the context of the study of personality (20 pts.) |The unconscious |All the thoughts‚ideas‚ and feelings of which we are not and normally cannot become aware. | |Collective unconscious |The level of unconscious that is inherited and common to all members of a species. | |Unconditional positive regard |The full acceptance and love of another person regardless of his or
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10-32 Components of internal control a. Management has established a code of conduct that includes rules regarding conflicts of interest for purchasing agents. Category: 1‚ Assertion: Pervasive b. Waterfront has established a disclosure committee to review the selection of new accounting policies. Category: 4.6‚ Assertion: DAO Accuracy and Valuation‚ DAO Classification and Understandability. c. Any computer program revision must be approved by user departments after testing the entire program
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Riley Joslin josserball3@yahoo.com 315.939.4130 Beaver River Correspondent Week 26 – Favorite Moments There are so many games‚ matches‚ meets‚ etc. in each season‚ and I attend nearly 75% of them I’d say‚ so it’s hard for me to pick my favorite moments of the season; I’ve tried to compile a list nonetheless. The beginning of the season seems like a logical place to start. Right off the bat‚ the girls’ basketball team was able to string together five wins to spark the season – something that’s
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