PRACTICAL ACCOUNTING 1 1. On January 1‚ 2012‚ Revenue Company sold specialized computers costing P760‚000 to Income‚ Inc. for P990‚000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the installation period. Income made a 50% down payment‚ with the balance due upon completion of installation. How much revenue should Revenue Company recognize on its books on January 1‚ 2012? a. P990‚000 b. P760‚000 c. P495‚000 d. P-0- 2. SAMpple Company is an experienced
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ACC 2242 Assign#4.. Due Date …..Wednesday…Aug 07‚ 2013 8-35B 8-40B Fibre Systems Best Use of Facilities Analysis Make Buy and Use Facilities for Other Product Variable unit cost of obtaining the optical switches $ 13 $ 11 Number of optical switches × 80‚000 × 80‚000 Total variable cost of obtaining 80‚000 optical switches $1‚040‚000 $880‚000 Expected profit contribution from the other product — (130‚000) Expected
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------------------------------------------------- A ------------------------------------------------- Case Study ------------------------------------------------- On ABRAMS COMPANY ------------------------------------------------- Of ------------------------------------------------- Management control System ------------------------------------------------- ------------------------------------------------- Presented to
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can this statement relateto accounting? A syntactic theory is one that is capable of testing on the basis that it is valid in terms of itslogical consistency. Thus the calculation of accounting profit and determination of assetvaluation can be valid in relation to their conformity with rules prescribing the measurementof accounting profit and asset valuations. This can be described as sterile as it does notnecessarily relate to the real world. Historical cost accounting has been represented as being purely
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Landmark Case “Use of Deadly Force” Tennessee v. Garner‚ et al In October of 1974‚ a Memphis Police officer made a split decision to fire a shot that ultimately ended the life of 15 year old Edward Garner. This choice was made in an attempt to prevent the deceased from evading an arrest based on an eye witness account of a suspected burglary. This action was disputed by the State of Tennessee and the deceased members father‚ each was basing the argument of very opposite ends of the spectrum
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of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received in advance by a magazine company. Because the company owes something‚ the unearned revenue is recorded as a liability. 3. Non-cash: These
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CHAPTER 12 STATEMENT OF CASH FLOWS SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY |Item | |1. | |42.
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200400 COMPANY ACCOUNTING Q1‚ 2015 MID-SEMESTER EXAM – SOLUTIONS GUIDE PART A Question 1 (5 marks) (a) See lecture slide 14‚ Topic 1: Statement of Financial Position Statement of Comprehensive Income Statement of Changes in Equity Statement of Cash Flows Notes (b) See lecture slide 6‚ Topic 1: providing information to users who are unable to command the preparation of reports tailored to their particular information needs Also refer to Chapter 4‚ Problem 4.15‚ p.89 (H/W Topic 1): GPFRs are designed
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2000. An extended version of this article appears in Project Management Journal‚ March 2000. Sheffi‚ Y. The Resilient Enterprise. Cambridge‚ MA: MIT Press‚ 2005. Stamatis‚ D. H. Failure Mode and Effect Analysis: FMEA from Theory to Execution‚ 2nd ed. ASQ Quality Press‚ 2003. Tennant‚ D. “PMO Failure: An Observation‚” PM Network‚ October 2001. 227 Thamhain‚ H. J.‚ and D. L. Wilemon. “Conflict Management in Project Life Cycles.” Sloan Management Review‚ Summer 1975. Tippet‚ D. D.‚ and J
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purposes. Questions 1 Brief Exercises Exercises 1 A Problems B Problems 2. 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 14 1‚ 2‚ 5 2‚ 4‚ 6‚ 7‚ 14 1A‚ 2A‚ 3A‚ 5A 1B‚ 2B‚ 3B‚ 5B 3. 10‚ 19 4 6‚ 7 4. 11‚ 12‚ 13‚ 14‚ 16 3‚ 6 3‚ 5‚ 6‚ 7 10‚ 11‚ 12 1A‚ 2A‚ 3A‚ 5A 1B‚ 2B‚ 3B‚ 5B 5. 17 8 6. 15‚ 17 7‚ 8 9‚ 12 2A‚ 3A‚ 5A 2B‚ 3B‚ 5B 7. 18‚ 20 9‚ 10 9‚ 10‚ 11‚ 13‚ 14 2A‚ 3A‚ 4A‚ 5A 2B‚ 3B‚ 4B‚ 5B 2-1 ASSIGNMENT CHARACTERISTICS TABLE Problem
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