rd Module 1 – Financial Statement Analysis & Valuation‚ 3 edition by Easton‚ McAnally‚ Sommers & Zhang Practice Quiz 1. Which of the following organizations does not contribute to the formation of GAAP? a. b. c. d. FASB (Financial Accounting Standards Board) IRS (Internal Revenue Service) AICPA (American Institute of Certified Public Accountants) SEC (Securities and Exchange Commission) 2. Colgate-Palmolive reports the following dollar balances in its retained earnings account. During 2005‚
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There are 12 basic principles to Information Security. The first principle is that there is no such thing as absolute security. What this means is that with the correct tolls‚ skills and time anyone can hack into a system. The second principle are the three security goals‚ which are C.I.A; Confidentiality‚ Integrity and Availability. What this means is that everyone must consider what data they want to be protected. It also means that one must be sure as to whom they want to access this information
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their human powers by training. The company focuses on balancing between local hiring and international hiring to rise the probability of getting talented and hard workers. Chapter 2: 1. Mr.Hamdoun is a big advocate of efficiency. How might principles of scientific management be useful to LCB? - two of the three scientific methods are the most useful to Mr.Hamdoun. 1. Putting the right person on the job with the correct tools and equipment. 2. Having a standardized method of doing the
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destroy a workplace‚ from executives of companies taking money from the company for their own personal gain or an associate falsifying official documents “In recent years there have been numerous accounts of insider trading‚ defense contract fraud‚ marketing of dangerous products‚ health risk cover ups‚ discrimination against minorities‚ and embezzlement of funds in our
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CHAPTER 1 INTRODUCTION: Bernoulli’s Principle is a physical phenomenon that was named after the Swiss scientist Daniel Bernoulli who lived during the eighteenth century. Bernoulli studied the relationship of the speed of a fluid and pressure. The Swiss mathematician and physicist Daniel Bernoulli (1700-1782) discovered the principle that bears his name while conducting experiments concerning an even more fundamental concept: the conservation of energy. This is a law of physics that holds that
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Quiz Submissions - Quiz 12 (Chap 8) Attempt 1 Written: Apr 17‚ 2014 5:48 PM - Apr 17‚ 2014 6:24 PM Submission View Your quiz has been submitted successfully. Chapter 8 Question 1 1 / 1 point An architectural firm’s blueprints‚ sketches and other proprietary documents are examples of ____. Question options: A) public property B) intellectual property C) real property D) immovable property View Feedback Question 2 1 / 1 point A virus is software that is
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Unlike most countries America was founded on an idea of freedom. This came from the founding fathers many moral principles that they believed in. Moral principles are the principles of right and wrong that an individual or a social group accepts. (Merriam Webster) Nor one or two people may agree on certain principles‚ but everyone has them. Some principles the founding fathers of America had were: • To create an equal and fair government (The 5000 Year Leap) • A free people cannot survive
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With respect to the prepaid income from services which of the following is true? The treatment of prepaid income is the same for tax and financial accounting. An accrual basis taxpayer can spread the income over the period services are to be provided if all of the servidcdes will be completed by the end of the tax year ^^^answer The effects of a below-market loan for 450‚000 made by a a corporation to its chief The corporation has imputed interest income and compensation expense. As a
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Question 1 .0.5 out of 0.5 points What is the future value of $1‚200 a year for 40 years at 8 percent interest? Assume annual compounding. Answer Selected Answer: c. $310‚868 Correct Answer: c. $310‚868 . Question 2 .0.5 out of 0.5 points Gerold invested $6‚200 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years? Answer Selected Answer: b. $9‚300 Correct Answer: b. $9‚300 . Question 3 .0.5 out of
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1. Who are the first‚ second‚ and third parties in healthcare situations? The first party is the patient himself or herself or the person‚ such as a parent‚ responsible for the patient’s health bill. The second party‚ often called providers is the physician‚ clinic‚ hospital‚ nursing home‚ or the healthcare entity rendering the care. The third party is the payer‚ and uninvolved insurance company or health agency that pays the physician‚ clinic‚ or other secondary party provider for the care or services
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