August 21‚ 2012 9:22 AM | Time spent: | 00:09:30 | Total score: | 10/10 = 100%Total score adjusted by 0.0Maximum possible score: 10 | 1. | ch01001 | | Financial accounting information is: | | | Student Response | Value | Correct Answer | Feedback | A. | Designed to assist investors and creditors. | 100% | | | B. | Not used by managers and in income tax returns. | | | | C. | Called "special-purpose" accounting information. | | | | D. | Not applicable to individuals. |
Premium Generally Accepted Accounting Principles Revenue Balance sheet
the return. Company types will be classified in line with the following company category descriptions: Type | Description | Dormant company | A dormant company is classified as a company that has not actively traded for the full year of assessment (i.e. if the company partially traded during the year of assessment‚ the company will not be regarded as a dormant company). | Share Block | A Share Block Company is defined in s. 1 of the Share Blocks Control Act‚ 1980 (Act 59 of 1980). | Body Corporate
Premium Corporation Income tax Balance sheet
The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
Premium Generally Accepted Accounting Principles Balance sheet Financial statements
questions for this situation: Diane Maynard was grateful for the balance sheets that her friend prepared. ( I attached the balance sheet I did) In going over the numbers‚ she remarked‚ "it’s sort of surprising that cash increased by $31677‚ but net income was only $19635. Why was that? Her friend replied‚ "A partial answer to that question is to look at an income statement for June. I think I can find the data I need to prepare one for you." In addition to the data given in the case‚ her friend
Premium Generally Accepted Accounting Principles Balance sheet Asset
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 MIGUEL 1. The Stock Investment showed the following details during year 2008 STOCK INVESTMENT IN SAN MIGUEL Debit Credit Jan. 1 Audited balance 4‚000shares P80‚000 Feb. 28 Cash dividend 2‚000 Mar. 31 Bought shares 9‚000 Apr. 1 Sale of rights 6‚000 June
Premium Generally Accepted Accounting Principles 1920 Balance sheet
Looking for Alibrandi: “When we are no longer able to change a situation‚ we are challenged to change ourselves” Victor Frankl “When we are no longer able to change a situation‚ we are challenged to change ourselves.” By Victor Frankl Victor Frankl is saying when we come to the point where we can’t change a situation that we are forced to change ourselves instead. This process of changing ourselves is a challenge but in a funny way is easier than pushing and trying to change a situation
Premium Family Father Mother
Leonardo da Vinci painting “The Last Supper” is the famous magnum opus in “High Renaissance”. And different with the other “The Last Supper” he uses a brand new overall management which let the Jesus and his disciples sit together both in the face of the audience. The Jesus sit in the center of the table and his disciples separate on both side of him‚ the window behind the Jesus reflect the light on the Jesus which stand out him with other people. All his disciples were the symmetric distribution
Premium Leonardo da Vinci English-language films William Shakespeare
A Sport that has been played for decades. Football is among the greatest sports played in history. That’s why it’s called America’s game. However‚ in the past few years‚ the sport has become very dull and unentertaining. The NFL has implemented rules and regulations that have taken the excitement from the sport. Some changes that can counter that‚ and make things more interesting. Stop taking away celebrations out of the game‚ Add more contact (bring the sport back to a contact sport)‚ and stop calling
Free American football Game Entertainment
1. Introduction Thirty years ago‚ most financial accounting was done manually‚ leading to a great deal of paperwork. Currently‚ most accounting information is recorded via computers and wide area networks (Journal of Accountancy‚ 1994a). Technology has certainly changed the face of accounting over the years. While it is unclear whether technology’s impact on accounting has been positive or negative‚ it is clear that technology has drastically changed the accounting profession. Often a technological
Premium Accountancy Accountant Computer
Joe Fixit has an appliance repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour‚ but he stipulates that the minimum charge for appliance repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person? 3 appliance repairs per hour times $30 = $90 marginal revenue product. What is the maximum
Premium Generally Accepted Accounting Principles Balance sheet Financial ratios