Accountancy Department College of Business and Accountancy Notre Dame University Cotabato City‚ Philippines CPA – MOCK BOARD EXAMINATION AUDITING PROBLEMS MR. RONALD GERMO MAMARIL INSTRUCTION: Select the correct answer for each of the following questions. Mark only one answer for each item by shading the box corresponding to the letter of your choice on the sheet provided. STRICLY NO ERASURES ALLOWED. Use pencil no. 1 only. CASE 1: STOCK INVESTMENT IN SAN
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University of Dubuque School of Business BAC 241: Principles of Financial Accounting Homework Chapter 4: Completing Accounting Cycle Name: Due Thursday‚ October 04‚ 2012 in class 1. During 2013‚ Rumbo Corporation had cash and credit sales of $21‚760 and $15‚225‚ respectively. The company also collected accounts receivable of $9‚765 and incurred operating expenses of $27‚700‚ 80 percent of which were paid during the year. In addition‚ Rumbo paid $4‚500 for an 18-month advertising
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SAMSUNG CHINA September 12‚ 2002 BUS 610 (Man. Econ.) J. Suyderhoud‚ Instr. Castaways Alex H. Brandon M. Chandra H. Rajesh B. Stuart W. Rural Urban Low-Med end Barriers to Entry: Barriers to Entry: Economies of Scale High Economies of Scale High Product Differentiation Low Product Differentiation Med Capital Requirements High Capital Requirements High Access to distribution Channels High Access to distribution Channels High Cost disadvantages Independent of Scale
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’All representations are acts of manipulation.’ To what extent does your study of conflicting perspectives support this statement? Manipulation is present in any representation‚ as a result of an authors inherent bias towards their own perspective. This bias causes an author to attempt to influence the perspective a reader will take on the text‚ whether this influence is intentional or otherwise. Geoffrey Robertson is one such author‚ whos collection of essays titled The Justice Game contains
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Article Critique Kim‚YUN-HEE & Krim‚J (2014‚ April 20) Samsung Is Developing Own Platform‚ Apps : Wonpyo Hong‚ president of company’s Media Solution Center‚ discusses new music service‚ importance of software. The Wall Street Journal. Retrieved from http://online.wsj.com/news/articles/SB10001424052702304311204579506531408901234?mg=reno64-wsj Samsung Electronics overtook Apple Inc. to become the world’s biggest smartphone maker by selling hardware using Google Inc. popular Android operating system
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‘At the heart of conflicting perspectives in texts is that the protagonists believe their viewpoint is correct.’ Evaluate this statement in light of how Shakespeare‚ in Julius Caesar and TWO other composers have represented different viewpoints through the actions of their key protagonists? Perspective does not exist without this egocentric bias that occurs in the private sphere of characters. In Julius Caesar‚ Shakespeare explores inner turmoil’s and indeed exterior ones to depict how “at
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E14-4 (Entries for Bond Transactions—Straight-Line) Foreman Company issued $800‚000 of 10%‚ 20-year bonds on January 1‚ 2011‚ at 102. Interest is payable semiannually on July 1 and January 1. Foreman Company uses the straight-line method of amortization for bond premium or discount. Instructions: Prepare the journal entries to record the following. a. The issuance of the bonds. b. The payment of interest and the related amortization on July 1‚ 2011. c. The accrual of interest and the related
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to measure up to the power of mainframes with small cost outlays. The accounting practices at Carlton normally permit revenue recognition after the shipment of the computer systems. Peale‚ Gower and Quill‚ Carlton’s auditors‚ are worried about the accounting practices regarding revenue recognition of certain transactions during the last quarter of 20X1. They are also worried about the adverse effects of such accounting on the company’s quality of earnings and thereby on its planned public stock
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debate about who is better: Apple or Samsung. They are both great brands‚ but I can say that many more people would rather have an Apple device over a Samsung especially when it comes to the phone they have. Now‚ I know some people would completely disagree with the points that I have‚ but this is what other people are saying and I would have to agree with a few of them because personally I prefer Apple over Samsung. I do know that there are those who would have Samsung over Apple or vice versa‚ but when
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Case 8: Netscape’s Initial Public Offering 1. Why has Netscape been so successful to date? What appears to be its strategy? What must be accomplished if it is to be a highly successful going concern in the long run? How risky is its current competitive position? 2. Does Netscape need to go public to satisfy its capital needs? What would you estimate might be the magnitude of its capital needs over the next 3 to 5 years? What sources other than the public equity market could be tapped to satisfy
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