will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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The Presidency of Andrew Jackson Andrew Jackson served two terms as the President of the United States. In those two terms‚ he helped to mold the Democratic party‚ and stayed steadfast to his beliefs in many political showdowns‚ such as the Nullification Crisis‚ the Indian Removal Act‚ and the Bank Wars. Jackson’s determination and stubbornness won him loyal followers and admirers‚ but also many enemies. From the time of his victories in the War of 1812‚ to his final acts in office‚ President Jackson was regarded as a great hero
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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office was Andrew Jackson a Democrat‚ indeed his promises in office were to uphold the United States Constitution along with Political democracy being assured. Jackson promised individual liberty and economic opportunity. Yet‚ Jacksonians contradicted themselves with everything they claimed to be. Jacksonians even believed they where flawless. In December of 1829‚ George Henry Evans wrote "The Working Men’s Declaration of Independence"(Doc A). Under the portrayed image of Jackson at the expense
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United States; Andrew Jackson led a period of time we know call the era of the “common man”‚ but during this time the words “common man” referred to all white men that paid taxes and owned land. This period of time lived up to what people characterized it as; a time where almost all men had equal opportunities. Politics‚ economic development‚ and reform movements began to favor all the white men and not only the elite landowners. At the beginning of the presidency of Andrew Jackson‚ not everyone was
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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a great sense of community‚ everyone being uplifting and light-hearted about this particular day‚ not knowing the events to come‚ and it is taking place on “a full-summer day; the flowers were blossoming profusely and the grass was richly green” (Jackson‚ 242). They seem to be one of the few towns or villages who still partakes in “the lottery”‚ which is where I get the first sense of “othering”. This community‚ as well as the other communities who participate‚ are labeled as the one’s still continuing
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