Balance Sheet Notes Preparation and Discussion Odette A. Aquino Pérez‚ Desireé González And Edwin Reyes ACC 545 February 19‚ 2015 Prof. Rafael Marrero‚ PhD‚ MBA‚ CPA Footnotes Preparation and Discussion This week paper requires our team to prepare three notes to the balance sheet and income statement. Also‚ request us to discuss why footnotes are useful and important to financial statements. Below we have included the requested footnotes (prepared based on our experience working with a CPA Firm
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Sufficiency – quantity of evidence Appropriateness – quality of evidence o Inversely related with sufficiency Audit procedures: specific acts performed by the auditor to gather evidence about specific assertions 1. Risk assessment procedures 2. Tests of controls 3. Substantive tests 4. Test of details for the remainder of assurance needed Inspecting Documents Vouching: ( Occurrence) going from journal or ledger to the source documents Tracing: (Completeness) from source documents
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correspondence‚ un&rstanding conservation of number and koowing the correct sequence of numbers. v) Babbling is the earliest form of communication used by the child. False Crying : The earliest form of communication that a child uses is crying. (2 x 5 = 10 marks) 2. Explain in detail: i) Preschool education is important for children. Preschool education aims at the all-round development of the child‚ i.e. physical‚ motor‚ cognitive‚ language‚ social and emotional‚ by provldlng the child stimulating experiences
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Maximizing Profit in Pharmaceutical Sales Economics 561 Mostafa Baladi 28 April 2013 Introduction In the realm of pharmaceutical drug sales‚ there are many players in the market. Many of these companies have a large inventory of drugs that they manufacture. The subdivision of the pharmaceutical market that draws the most revenue is oncology medications. Many companies will specialize in drugs for only one type of cancer‚ or sometimes with only one drug period. The cost of research
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Course Prefix/Number: Course Title: Lecture Hours/Week: Lab Hours/Week: Credit Hours/Semester: ACC 240 Computerized Accounting 3.0 0.0 3.0 Distance Learning Attendance/VA Statement Textbook Information COURSE DESCRIPTION This course is a study of using the computer to design and implement various accounting functions‚ including financial transactions‚ records‚ statements‚ reports and documents. COURSE PURPOSE The purpose of this course is to provide the student with a realistic
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Business Proposal Nakia Allen‚ Carlene Hill‚ Beverly Morris‚ James Kennedy‚ Ronald Phillips‚ and PaShona Lewis Eco/561 12-6-2012 Charles Frederickson Abstract In this paper Team B will write a business proposal for a Boys Boutique named Kaleb’s Kloset. Team B will include molds about the elasticity of demand and the market structure for the boutique and determine the profit-maximizing quantity. Team B will cover the use of marginal cost and marginal revenue to maximize profit by
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| | C) | increase by $120‚000. | | | D) | increase by $420‚000. | | | | | | Feedback:The correct answer is C (Learning Objective 1): Net income will change as follows.Calculations: $600‚000 x 10% = $60‚000 $300‚000 x 20% = $60‚000 | | 2 INCORRECT | | Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit
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Receive request for new employee. b. Examine applications. c. Interview applicants. d. Administer tests. e. Check references. f. Select and notify successful applicant. g. Send information to Payroll Department. h. Prepare personnel file. 2. Assignment 1B (10 points) Question for Review 18‚ page 1-23 of your textbook Question: Describe the procedures that are usually included in a typical payroll accounting system? A typical payroll accounting system includes the following procedures:
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economic events. Measure- Measure economic events in financial terms. Functions in group 2: Record- record measurements. Classify- classify measurements. Summarize- summarize measurements. Functions in group 3: Report economic events- report economic events in financial statements and other reports. Interpret financial statements- Interpret the contents of financial statements and other reports. Question 2: Proficient-level: There are many opportunities available for careers in the accounting
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Business Proposal Timothy Anderson ECO 561 Daniel Rowe July 16‚ 2012 Business Proposal A current issue with home health care and senior citizens is the need for medicine and food. In the current state of the economy with the rise and gas prices and the need of people to still commute‚ people have to figure out ways to get to and from pharmacies and grocery stores. In the economy two markets that will not fail in recession are discount retail food and medicine because people need both to
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