ACC 491 FINAL EXAM 1)If reported sales for 2010 erroneously include sales that occur in 2011‚ the assertion violated on the 2010 statements would be 2)The rights and obligations assertion applies to 3)Which of the following assertions is NOT made by management in placing an item in the financial statements 4)Section 11 of the Securities Act of 1933 uses the term material fact to limit the amount of information required. Under the Act‚ the standard used to determine an items materiality 5)Individuals
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ECO 561 Final Exam w/ corrected answers 1) Suppose that in the clothing market‚ production costs have fallen‚ but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing [B. demand for clothing has grown faster than the supply of clothing] C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has
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Zach Betten The Impact of 9-11 On September 11‚ 2001 America woke up expecting a normal day. What America did not expect was that this day was going to change history forever. On that day Islamic extremist high-jacked four U.S. airplanes with the intent of crashing them into the twin towers‚ the Pentagon and the White House. Two of the planes did indeed crash into the twin towers in New York City and another was used to hit the pentagon. The passengers on the last plane however‚ fought back‚ and
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Town’s 2011 fiscal year. b. Prepare journal entries to record the following transactions that occurred during the month of July 2010. 1. Revenues were collected in cash amounting to $31‚000 for licenses and permits and $12‚000 for fines and forfeits. 2. Supplies were ordered by the following functions in early July 2010 at the estimated costs shown: General Government $ 7‚400 Public Safety 11‚300 Public Works 6‚100 Parks and Recreation 4‚200 Miscellaneous 900 Total $29‚900 3. During July 2010‚ supplies
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Practice Bulletins Category D (least authoritative): AICPA Accounting Interpretations; FASB Implementation Guides (Q&A); widely prevalent and recognized industry practices OBJECTIVE: Describe the qualities of accounting information. Resource: Ch. 2 of Intermediate Accounting‚ Ch. 4 of Financial Accounting Content Relevance Predictive value Feedback value Timeliness Reliability Verifiability Representational faithfulness Neutrality Comparability Consistency OBJECTIVE:
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Student name: Ihtishaam Ali Date submitted: 3/1/15 Chapter: 11 Chapter Review Questions Questions are at the end of each chapter under the “For Review” heading 1. Consideration is an essential element in the formation of any contract not by deed. To be valid the consideration must be real and genuine 2. Promises to make gifts for charitable or educational purposes are often enforced‚ despite absence of consideration. 3. No 4. It must be for a reasonable period‚ not excessive in duration
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Ch 1. Accounting Information and Decision Making Financial accounting: Measurement and communication‚ measures business activities of a company & communicate to external parties Managerial Accounting: methods accountants use to provide info to managers (acct 210) Who needs to make decisions about companies? Investors Creditors-lend money Customers-big customers (i.e. Apple buys memory chips from Samsung) Suppliers-ability to pay Managers-production/expansion Employees-employment opportunities
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September 11‚ 2001 was one of the most tragic days in history. It not only affected the U.S but it affected everyone world wide. The actions took place in the United States‚ New York City‚ and Washington D.C. Four airplanes were hijacked by 19 Islamic terrorist group. All the attacks resulted in a large amount of death and destruction. There are so many conspiracies that it was the United States government had a part in the 911 attacks. The First attacks took place in NYC and Washington D.C‚ up
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ACC 571 Week 2 Assignment 1 – Corporate Fraud Schemes – Strayer Latest Purchase this tutorial here: https://www.homework.services/shop/acc-571-week-2-assignment-1-corporate-fraud-schemes-strayer-latest/ ACC 571 Week 2 Assignment 1 – Corporate Fraud Schemes – Strayer Latest Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment‚ research the Internet
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Matt Dufner P. 2 Magic 11 – Developing a Strong Paragraph Topic Sentence – Make sure this sentence indicates the “purpose” of the paragraph The dreams of Tim O’Brian resemble the song “All Around Me” by Flyleaf. Supporting Sentence #1 – (Reason why TS is true) In this song it says that you can feel a person all around you even if they are not actually there. Tim O’Brian can feel and hear Linda in his dreams even though she’s dead. Elaboration for reason #1 – (evidence‚ integrated quotation‚
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