Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security taxes as liabilities. F 10. Definition of accumulation rights. T 11. Recognizing compensated absences expense. F 12. Accruing estimated loss contingency. T 13. Disclosing gain contingencies
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CASES Real World Case 5-1 Requirement 1 A bill and hold strategy accelerates the recognition of revenue. In this case‚ sales that would normally have occurred in 1998 were recorded in 1997. Assuming a positive gross profit on these sales‚ earnings in 1997 is inflated. Requirement 2 A customer would probably not be expected to pay for goods purchased using this bill and hold strategy until the goods were actually received. Receivables would therefore increase. Requirement 3 Sales that would
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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Chinese Business Relationship Culture In Chinese relationship is the most important things they called it “Guanxi” it means The Strength of Relationship What is Guanxi? Guanxi is a personal connection between two people in which one is able to prevail upon another to perform a favour or service. It is a network of contacts‚ which an individual can call upon when something needs to be done and through which he or she can exert influence on behalf of another. Concept of Guanxi Extended Family
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ECON 281 Fall Term Intermediate Microeconomic theory I University of Alberta XiaoGang Che Chapter One Overview 1. Defining Microeconomics and Macroeconomics 2. Microeconomic Modeling Tools • Constrained Optimization • Equilibrium Analysis • Comparative Statics 3. The Types of Microeconomic Analysis • Positive Analysis • Normative Analysis Chapter One 2 Microeconomics Defined Microeconomics is the study of how individual economic decision-makers such as consumers‚ workers‚ firms
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Should intermediate sanctions be run by traditional probation and prison systems or by new private or public agencies seeking to serve as alternatives to them? List two benefits and two challenges for each of these strategies and provide your own policy recommendation about which one should be used (and why). Overcrowding of prisons and unnecessary incarceration rates is one of the major problems in the United States today. As stated in Chapter 9‚ “ more then 60 billion dollars is spent on corrections
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The role of Regina in Henrik Ibsen’s‚ Ghosts. Within the first scene‚ Regina’s duplicitous character is revealed as colloquial and disrespectful language is used when addressing the drunken Engstrand‚ ‘Make less noise with that hoof’ (Isben‚ 2008‚ p. 4). Isben modifies her language to enhance Regina’s obvious distaste for Engstrand and his way of being‚ as she speaks plainly towards her supposed father as she recalls his mistreatment of her as he referred to his daughter as ‘nothing’. The sexuality
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Aqsa Kiran Prof. Moinul Islam 7th Feb‚ 2015 Intermediate Microeconomics PPE-3100 Home Work -1 1. Suppose a teenager has $20 and likes both rap music (R) and country music (C) with a set of preferences so that U = C1/2R1/2. Suppose that the iTunes price of a rap music song is and the price of a country music song is. Find optimum levels of R and C. What is the greatest level of affordable utility (Use Lagrange method)? U = C^1/2 R ^1/2 Constrain = Pc +PR = 20 Applying Lagrange Method
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I have done some reading in Rosa Parks. I have read that her real name was Rosa Louise McCauley she was born on February4‚ 1913 in Tuskegee‚ Alabama‚ US. After her parents divorce‚ rosa her mother and sibling to pine level‚ Alabama here where Rosa maternal grandparents lived‚ who were former slaves. Rosa attended segregated school throughout her childhood‚ which her and her sibling had to walk to while the white student in her community rode a bus. She also attended a secondary school but had
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Intermediate Sanctions Florence Thomas Axia College of University of Phoenix Intermediate sanctions are criminal sentences that fall between standard probation and incarceration. Intermediate sanctions can include house arrest‚ intensive probation (i.e.‚ probation with more conditions beyond the basic conditions of standard probation)‚ boot camps‚ electronic monitoring‚ and drug treatment programs. Intermediate sanctions serve a dual purpose in the criminal justice system
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