3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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***CORRECT ANSWERS WEEK 1QUIZ 1. Question : In logic‚ argument is Student Answer: a dispute that involves anger. a debate over mathematics. a pointless exercise over a topic in philosophy or science. *** a set of reasons put forth to support a conclusion. Instructor Explanation: The answer can be found in Chapter One of An Introduction to Logic. Points Received: 1 of 1 Comments: 2. Question : People study reason in order to Student Answer:
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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Assignment 201 Principles of communication in adult social care settings Assignment composition Assignment overview In this assignment‚ you will complete tasks to demonstrate your understanding of the importance of communication in adult social care settings‚ and ways to overcome barriers to meet individual needs and preferences in communication. You will also address the issue of confidentiality. Tasks There are two tasks to this assignment. A Short answer questions B Poster This is a summary
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3) Continuous wave 4) Clear white Science Quiz‚ Technology Quiz Question: What is the process responsible for producing photons in a diode laser? 1) Fermi level shift 2) Majority carrier injection 3) Carrier freeze out 4) Electron-hole recombination Science Quiz‚ Technology Quiz Question: What are three types of lasers? 1) Gas‚ metal vapor‚ rock 2) Pointer‚ diode‚ CD 3) Diode‚ inverted‚ pointer 4) Gas‚ solid state‚ diode Science Quiz‚ Technology Quiz Question: What was the active
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The Answer by Karl Nemsow Voyager1 sails through deep space all alone. It has been on its journey since 1977 sending back glimpses of the solar system to help humankind find some answers. One of the greatest questions asked by humankind is what‚ or who‚ else might exist out in our grandiose cosmos. A cosmos 13.7 billion years old‚ which is so massive that it is incomprehensible to the human mind. Dr Vince Hawking tried to comprehend such concepts every single day. It made him wonder if
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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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Accounting 430 - Quiz 8 1) Assuming a 25 percent tax rate‚ compute the after-tax cost of $23‚000 worth of advertising costs. (part c) a) $23‚000 b) $20‚125 c) $17‚250 Because the advertising cost is deductible‚ its after-tax cost is $17‚250 ($23‚000 - [$23‚000 × 25%]). d) $27‚500 2) In 2013‚ Firm A paid $50‚000 cash to purchase a tangible business asset. In 2013 and 2014‚ it deducted $3‚140 and $7‚200 depreciation with respect to the asset. Firm A’s marginal tax rate in both years was 35
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“Higher ambition: ” ? Ans. Tata Sons‚ Thermax ‚ Infosys and Mahindra & Mahindra Q12. In this era what are the 2 purposes for which TELEGRAM is still being used in India ? Ans. To inform loan defaulters and absconding employees Weekly Business Quiz #93 August 23‚ 2011 Q1. Name the chain of bookstores started in 1877 by T.K.Banerjee and a Frenchman Emile Moreau with their first store in Allahabad. Ans. A.H.wheeler Q2. Who has composed the music for the Hero motocorp heroes song ? A R
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Quiz 1 Each question is worth 2 points. Submit through your assignment folder by 11:59 PM EDT on September 7th. I know I don’t need to remind anyone that UMUC’s academic integrity policies. We are all adults. We know that we shortchange only ourselves if we aren’t honest. This quiz needs to be completed without help from others. The work submitted must be your own. What is the level of measure for each of the following: Final grades in this class ____Ratio_________________ Weights of newborn
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