Sou SOLUTIONS TO EXERCISES EXERCISE 18-1 (15-20 minutes) (a) Huish could recognize revenue at the point of sale based upon the time of shipment because the books are sold f.o.b. shipping point. Because of the return policy one might argue in favor of the cash collection basis. Because the returns can be estimated‚ one could argue for shipping point less estimated returns. (b) Based on the available information and lack of any information indicating that any of the criteria in FASB Statement
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Chapter 4 Lecture Notes: Income Tax Withholding For many years excise tax was the major source of revenue for the government operations. Initially‚ income taxes were enacted to finance the United States Civil War. Once the war ended‚ the taxes were repealed. In later years‚ an income tax was enacted; however‚ due to the exemptions and standard deduction amounts allowed to each taxpayer‚ a large portion of the population was not subject to this tax. Those individuals that did need to pay tax paid
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CHAPTER 7 1. The ability of a receiver to choose a desired signal frequency while rejecting closely adjacent signal frequencies is known as selectivity. 2. Decreasing the Q of a resonant circuit causes its bandwidth to increase. 3. Good selectivity usually means narrow bandwidth. 4. True. A tuned circuit can provide voltage gain. 5. Cascading tuned circuits cause the selectivity to increase. 6. If the selectivity of a tuned circuit is too sharp‚ the sidebands of the received signal
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The Holocaust‚ also referred to as “The Final Solution”‚ is considered to be one of the most deadly and extensive forms of genocide in American history. Genocide is‚ “the deliberate and systematic extermination of a national‚ racial‚ political or cultural group (dictionary.com).” Hitler and his army‚ the Nazis‚ quickly rose to power between 1941 and 1945. They targeted many different races out of hatred‚ and the largest group being the Jewish population. This massive catastrophe resulted in the death
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the total cost of borrowing over the life of the bond. (4) Would the total bond interest expense be greater than‚ the same as‚ or less than the total interest expense that would be reported if the straight-line method of amortization were used? SOLUTION (a) (1) 2010 July 1 Cash 3‚501‚514 Discount on Bonds Payable 498‚486 Bonds Payable 4‚000‚000 (2) Dec. 31 Bond Interest Expense ($3‚501‚514 X 5%) 175‚076 Discount on Bonds Payable 15‚076
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Winter 2012 – Web Programming Course – Final Exam – Instructor: Ali Fatolahi What is a session? 1) a. Specific address of the client b. The communication protocol between server and client c. An information interchange period between client and server d. A communication port How can you define keywords for your web site? 2) a. In a table b. Using the tag c. By writing keywords directly into tag d. Using the tag What attribute of the tag is
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3‚ 52.Inventory accounting changes relative sales value method net real-izable value.7‚ 847‚ 83.Purchase commitments.95‚ 69‚ 10964.Gross profit method.10‚ 11‚ 12‚ 13711‚ 12‚ 13‚ 14‚ 15‚ 16‚ 174‚ 55.Retail inventory method.14‚ 15‚ 16818‚ 19‚ 20‚ 22‚ 23‚ 266‚ 7‚ 8‚ 10‚ 114‚ 56.Presentation and analysis.17‚ 1892197.LIFO retail.191022‚ 2312‚ 13‚ 148.Dollar-value LIFO retail.1124‚ 25‚ 26‚ 2711‚ 139.Special LIFO problems.2813‚ 14 This material is discussed in an Appendix to the chapter. ASSIGNMENT CLASSIFICATION
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FINAL CASE ACCOUNTING BY: Mariana Beetar Vélez Halo Corporation Accounting Professor: Nohora Bohorquez COLEGIO DE ESTUDIOS SUPERIORES DE ADMINISTRACIÓN BOGOTÁ‚ COLOMBIA 2012 NOTES TO THE FINANCIAL STATEMENTS NOTE No.1 Overall Standard Disclosures The company‚ HALO CORPORATION‚ NIT. 126 9077885-01 and primary residence in the city of Bogotá‚ Colombia. Carrera 5ta No.71 07. Constituted by Escritura Publica of Notary No. 3 dated December 31‚ 2008‚ registered with the Chamber
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Chapter 15 Entities Overview SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What are the more common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes? Answer: Corporations‚ limited liability companies (LLCs)‚ general and limited partnerships‚ and sole proprietorships. These entities differ in terms of the formalities that must be observed to create them‚ the legal rights and responsibilities conferred on
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Drucker: Chapter 7 – The Objectives of a Business The emphasis on profit can misdirect a manager and endanger business survival by: Undermining the future Push the easily sold line to the detriment of others Short-change research‚ promotion and other postponable investments Delay capital spend as it could effect the bottom line leading to obsolescence of equipment Management is the balance of a number of business needs and goals this requires judgement. Objectives are needed in every area where
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