A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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Tim McCauley Trucking LLC (TMCT) a company I worked for as a dispatcher for several years. TMCT was a company that believed in values‚ integrity‚ and consistency in how they treated employees‚ vendors‚ and customers. One of the main things that Mr. McCauley would always say is "that in order to succeed you must know where you are trying to go‚ what you are trying to do along the way‚ how you want to be remembered for doing it‚ what are you going to do when you get there‚ and how do you plan to hang
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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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1969 1969 Abbey road is a famous road located in England. The Beatles shot the album cover of their famous Album Abbey road in 1969. Led zeppelin also released their first album in 1969. Abbey road is a famous road located in England. The Beatles shot the album cover of their famous Album Abbey road in 1969. Led zeppelin also released their first album in 1969. Many popular television shows such as Sesame Street‚ Scooby-doo‚ Monty Pythons Flying Circus and the Brady Bunch were first aired in
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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GARDEN DEPARTMENT Introduction : The Brihanmumbai Municipal Corporation (BMC) garden department is a department which has the authority over 877 plots all over Mumbai as well as authority over more than 19‚00‚877 trees . As in the year 2008-2009 the garden department planted 19‚00‚877 tress. The garden deparment is divided in three department according to the areas‚ they are city with 234 plots ‚ west with 433 plots and east department with 210 plots . The objective of the department is to
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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The police department is important to our community. There are several departments and agencies designed to keep the people safe from drugs‚ homicide‚ armed robbery‚ rape‚ hate crimes‚ etc. There are various acts of violence that take place in America but the police are practicing safety precautions to keep our streets safe. In this paper‚ I will be addressing the various types of police agencies at local‚ state‚ and federal levels. I also will be addressing the roles and functions of police organizations
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