Reflection Summary Assignment Name ACC 291 / Principles of Accounting II Date Instructor Name Identify the entries associated with acquisition‚ disposal‚ and sales of plant assets. Recording of the acquisition of plant assets is important so the company can track their asset and asset depreciation. The textbook explains the cost principle‚ “…requires that companies record plant assets at cost." When the employee handling the accounting records the entry
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Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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Week One Exercise Solutions -Set B 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability; revenue; or expense from the company’s viewpoint. Also indicate the normal account balance of each item. Classification Normal Balance a. Amounts paid to a mall for rent. E Debit b. Amounts to be paid in 10 days to suppliers
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Adley—Week 1 DQ 2 Participatory Reply Vertical development is both more lucrative and riskier for the developer‚ and therefore‚ complementary with financial theory that the greater the risk‚ the greater the return. In general‚ a vertical project will add significantly more multiple of value than a horizontal project. That is‚ with each addition of a developmental component and/or activity more value is created‚ ultimately making the project more lucrative. Conversely‚ horizontal development creates
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Week 1 Question 1 of 10 Dr. Sanchez approaches questions about human behavior from a perspective that emphasizes unconscious thoughts and conflicts within the individual‚ such as inner forces or conflicts. It is most likely that he accepts which of the following psychological approaches? A.Sociocultural B.Learning C.Cognitive Correct D.Psychodynamic Answer Key: D Question 2 of 10 Researchers are studying the effects of nicotine on driving. The participants are divided into
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ETH316 WEEK 1 ASSIGNMENT John Sisk ETH316 Nov 7‚ 2012 Edward D’Avola ETH316 WEEK 1 ASSIGNMENT Ethics theories Virtue theory‚ utilitarianism and deontological ethics are similar in that they each represent how morality and ethics is judged. They differ by judging different aspects of what is right or best. Each has a unique definition and can be used in different situations to determine if decisions were made ethically (Boylan‚ 2009). Virtue theory Virtue ethics is the view that you should
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Maria Saavedra ECT122 Week 1 05/07/2014 Chapter 1Chapter 2 Chapter 3 Practice Problems *(Be sure to put the units in; volts‚ amps‚ etc.) 1.One coulomb of charge passes a point every 20 seconds. Calculate the value of the current through the point. I=Q/t = 1C/20s = .05C/s= .05 A x10^-3 C = 50mA 2.A total charge of 2.5 × 10-3 C passes a point every 40 seconds. Calculate the value of the current through the point. I=Q/t =0.0025C/40s= 6.25 C/s = 6.25 A 4.A total charge of 50 × 10-3 C passes a point
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Organizational Behavior MNGT- 5590 1.1-Week 1 Case Assignment 1. In the orientation process I would inform them of our hospital’s fantastic mentoring program. How we promote confidence‚ learning and professional growth. I would explain that we adapted the culture from Johns-Hopkins Hospital in Baltimore‚ which has been ranked the top 25 hospitals‚ “Best Hospitals” for twenty-one consecutive years. I would stress on utilizing the hospital’s tuition reimbursement and the quarterly professional
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Auditing Firm. This outline will provide the company with additional information regarding key distinction between these services offered as well as their intended use. In addition to highlighting each of the areas of service‚ the attached brief summary includes some of the requirements for providing the different levels of service offered. Services Offered As part of providing accounting services to clients‚ Mirabella Auditing Firm offers a wide range of assurance and attestation services that
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evidence gathering‚ void of professional judgment. From the point of view of both the profession and the users of auditing services‚ there is probably a greater harm from defining authoritative guidelines too specifically than too broadly. 2-16 a. (1) b. (2) c. (3) d. (3) 2-20 a. Rossi and Montgomery’s primary ethical consideration is their professional competence to perform all of the audit work for filing with the SEC. In addition‚ if Rossi and Montgomery have performed bookkeeping services
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