Individual Text Assignment Chapters 5‚ 6‚ and 7 Karen L. Spencer ACC/491 Contemporary Auditing I December 3‚ 2012 Kimberly Jordan‚ MBA Individual Text Assignment Chapters 5‚ 6‚ and 7 Chapter 5 Comprehensive Question 5-30 (Assertions) In planning the audit of a client’s financial statements‚ an auditor identified the following issues that need attention. Required Identify the assertion for items 1 through 11. 1. The allowance for doubtful accounts is fairly presented in amount
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Accounting Equation ACC 300 June 24‚ 2013 Bennie Clark Accounting Equation Assets = Liabilities + Stockholder’s Equity is the basic accounting equation. Liabilities are a company’s legal debts or obligations that come from transactions or from business operations. Stockholder’s equity is capital received from investors in exchange for stock‚ retained earnings and donated capital. These two portions of the balance sheet added together make up the company’s assets‚ which represent ownership
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Summary Question Robert Baughman ACC/290 February 14‚ 2013 Wayne Moore Summary Question Accounting systems vary from company to company. However‚ most companies depend on Generally Accepted Accounting Principles (GAAP). These principles keep every company using a standardized system of accounting. Therefore‚ if a financial institution or investor desires to see specific information about a company the financial officer will be able to read those books clearly
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Assignments from the Readings ACC/400 July 15‚ 2013 Assignments from the Readings Chapter 8‚ Question 3: What are essential features of the allowance method of accounting for bad debt? According to Kimmel‚ Weygandt‚ & Kieso‚2007: 1. Estimated uncollectible accounts receivable: These accounts match them against revenues in the same accounting period. 2. “Record estimated uncollectible as an increase (a debt) to bad debt expense and an increase ( a credit) to Allowance for Doubtful
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Final Project: Analyzing Financial Statements Erin Magoon - Resource: Appendix A - Review the financial statements in Appendix D. - Calculate the following: Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs and expense ratio‚ general and management and expense ratio‚ fund-raising and expense ratio‚ and revenue and expense ratio for the years 2003 and 2004. Current ratio 2003 – 82‚058/93‚975 = 0.87 2004 – 302‚902/337‚033 = 0.90 Long-term solvency ratio 2003 – 359‚863/259
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This work ACC 407 Week 3 Assignment comprises: Consolidation Problems Business - Accounting Consolidation Problems. Complete P5-38 As part of your homework submission‚ be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect. Make sure you schedule dedicated study time every day. Even though you may find other things
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Essay War‚ what is it good for? Absolutely nothing! Around the World everyday there is some type of war happening. War affect everyone and thousands or even millions die because of war. The problem or issue that I’m going to talk about is why war is morally wrong and can war ever be justified. This Essay will talk about many thing including the three traditions of thought that dominate the ethics of war and peace: Realism; Pacifism; and the Just War Theory. Another thing I’m going to talk about
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Week Three Weekly Reflection ACC/291 PRINCIPLES OF ACCOUNTING II Weekly Reflection Week Three There are many topics that are covered in week three and with the Christmas and New Year’s break the team would find it beneficial to cover all the topics. These topics include: Chapter 11 1. Identify the major characteristics of a corporation. 2. Record the issuance of common stock. 3. Explain the accounting for treasury stock. 4. Differentiate preferred stock from common stock. 5. Prepare
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CONFIDENTIAL LG/OCT2010/BEL311 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE ENGLISH FOR ACADEMIC PURPOSES COURSE CODE BEL311 EXAMINATION OCTOBER 2010 TIME 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts: PART A: SECTION 1 SECTION 2 PART B: (1 Question) 2. (7 Questions) (7 Questions) Answer ALL questions from all parts in the Answer Booklet. 3. Do not bring any material into the examination room unless
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Anthropology 101 Week 1 Discussion (Assimilation) Instructor K. Burke According to the textbook‚ assimilation is the process by which a society experiencing acculturation changes so much that it is hardly distinguishable from a more dominant society (Carpo‚ 2103). This means that a smaller society basically takes on the traits of a bigger one to the point that it is hard to tell the two apart. This film was unlike anything I was prepared to watch in this class. I was surprised to learn that
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