events that must take place to generate revenues. The accountant adopts the procedure of recognizing revenues at the time a certain critical event takes place. The sales (or accrual) basis is the most widely used method for recognizing revenues. Revenues are assumed to be earned at the time the sale is made‚ even though the cash may not have been collected from customers. For companies that produce to open stock‚ the sale is the critical event for revenue recognition. Even though value is added to
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information about a topic. I do not think‚ though‚ that I would cite an entry as proof of anything in court” (Slavin). Wikipedia can be useful at times for background information about a topic‚ however‚ it can not be trusted because you are never sure who is writing it‚ if it is from a reliable source‚ or if the information is completely accurate. In Mark Moran’s blog about how Wikipedia is not reliable he makes one important point on why it should not be trusted for sole information. “In March 2009
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The Objective Basis of Morality Challenged The origins of morality and what is defined as "good" or "bad"‚ "unethical" or "moral" can easily boggle the mind. It is a topic that can be debated almost endlessly. There are many factors that must be taken into consideration to provide valid philosophies; yet there will still always be debatable elements. Two concepts of morality that are in direct opposition of each other are moral objectivism and moral relativism. Moral relativism can be subjective
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determine the profit. They are cash basis and accrual basis. Business can use either a cash basis or accrual basis to work there profit. However‚ most of the company prefers to use accrual basis instead of others. In this essay‚ I will compare the difference between cash basis and accrual basis on expense and revenue. In addition‚ how can company choose their measurement of profit will also be discussed. Cash basis & accrual basis Cash basis accounting is focus on cash flow‚ the companies record
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and self-employment taxes. LLCs must pay self-employment taxes. As the business grows past 3-4 years‚ I recommend CCS to look at the possibility of switching to and S Corporation. At this point‚ compensation needs may have reduced and the members would wish to fully benefit from self-employment tax removal. Chapter 19‚ #39 A. What amount of gain or loss does Zhang realize on the transfer of the property to her corporation? Loss Realized = FMV(Stock Received)+Mortgage Assumed–AdjustedTaxBasis
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In Thomas Nagel’s essay titled “The Objective Basis of Morality”‚ Nagel claims that “[t]he basis of morality is a belief that good and harm to particular people (or animals) is good or bad not just from their point of view‚ but from a more general point of view‚ which every thinking person can understand” (Nagel 124). When applying this theory to the immorality of the price of higher education‚ it can be argued that making college so expensive is immoral because any thinking person can see it is
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1 Elucidate on the theological and psychological basis of counseling. Counseling psychology focuses on providing therapeutic treatments to clients who experience a wide variety of symptoms. It is also one of the largest specialty areas within psychology. The Society of Counseling Psychology describes the field as " a psychological specialty [that] facilitates personal and interpersonal functioning across the life span with a focus on emotional‚ social‚ vocational‚ educational‚ health-related‚
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Fifty Years Ago The world that we live in today may have many more advances than the world that people lived in fifty years ago‚ but‚ that does not necessarily mean that today’s world is better. The saying‚ "Keep it simple‚" is a very basic‚ and yet‚ accurate way to begin the comparison between the world today versus the world fifty years ago. There is no doubt that the world fifty years ago was a much better world than what we are currently living in. Family living and family structures were much
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reported applying what she learned in therapy to that new relationship by paying closer attention to when her friend crossed boundaries. Her scores on the Behavior and Symptom Identification Scale 24 (BASIS-24) also reflected the progress. The BASIS-24 is a self-report questionnaire based on the BASIS-32 that was developed in the early 1980’s to assess the
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are 60‚000 fewer female athletes than male athletes. The males get paid a lot more than female athletes and some women actually are better than the males. For example‚ the women’s soccer team is a lot better than the boy team‚ yet the men are still being paid more. If men and women were given the opportunity to play all sports together‚ women would work harder than men‚ it would be better for equality‚ and it would prove that some females are just better athletes than males. Most women who are athletes
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