to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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those few be well tried before you give them your confidence.” - George Washington George Washington was an extraordinary person. He was able to achieve such great things and left a grand representation of what the future political and military leaders should be like. Washington was born on February 22‚ 1732 in Westmoreland County‚ Virginia. His father‚ Augustine Washington was a landowner and planter who died when George Washington was only 11 years old. Before Washington’s birth‚ Augustine married
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George Washington? Some dude with a wig? The first president of the United States? Yes he is these things. But if you think that this is all he is your are mistaken. George Washington was one the most important people of the 17th century setting the United States on the train tracks to success. George Washington will have impacted the 17th century and for the rest of time since then‚ also he has accomplished a lot trying to do what is right for this country‚ and in my opinion‚ George Washington is one
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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The book Major in Success‚ by Patrick Combs‚ is an interesting guide to analyzing and reflecting on one’s own state of mind and true feelings within life. Combs clearly states his purpose and point of view in regards to why he chose to write the book in the first place in second paragraph of the first chapter. The term extraordinary drive‚ described as the “magic ingredient that will make your dreams come true‚” sets the tone of the book that really engages the reader in a rollercoaster ride of critical
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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Alexa Huang EN135 New York City Literature Professor Burke Theme #1.1 In and Out of Washington Square From P42 to P43‚ the novel depicts the first private conversation between Dr. Sloper and Morris. At Mrs. Almond’s house‚ Dr. Sloper first accuses Morris for not requesting his permission before start dating Catherine‚ then Dr. Sloper aggressively points out Morris’s unemployment and idle condition‚ while Morris purposefully misinterprets Dr. Sloper’s words as an offer of employment. Soon
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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