REQUIREMENTS Part 1 - The Situation‚ Consolidation‚ and Interpretation This is an unusual type of corporate relationship. The first set of questions will reinforce your understanding of the relationship and provide evidence on the pros and cons of consolidation. 1. Carefully reread the information provided about the corporate headquarters and the Development Agreement. Which company is actually performing the research and development activities? Pharmco 2. Justify your response.
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5. In accrual-basis of accounting‚ revenues are recorded when a service is performed. 6. Current liabilities are expected to be paid off or eliminated in the next 12 months. [pic] 7. Each time a business records revenue the account Cash is increased. 8. Accumulated depreciation of an asset – its depreciation expense = book value. 9. Financial accounting provides information for people inside the company while managerial accounting focuses on information for
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Maycomb’s ‘Unusual’ Disease In the fictional town of Maycomb‚ Alabama‚ the residents seem to have all been infected by the same disease. Harper Lee‚ the author of the very famous novel‚ To Kill a Mockingbird‚ has used several ways of portraying this idea and is able to convince readers that her characters really do have some sort of ‘illness‚’ an illness which affects people’s thoughts on how others should be treated. The novel highlights several issues including racism‚ childhood‚ injustice and
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1. The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7‚000 cash in his new design services business. 2. The business paid the first month’s rent with $700 cash. 3. The business purchased equipment by paying $2‚000 down and executing a note payable for $4‚500. 4. The business purchased supplies for $850 cash. 5. The business billed its clients a total of $4‚000 for design services rendered. 6. The business collected $3‚000 on account from one
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Stalin’s Five Year Plans What were they The Five Year Plans were a series of nationalized plans for the economic development of the Soviet Union When First Plan (1928-1933) Second Plan (1933-1937) Third Plan (1938-1941) Purpose One of Stalin’s main goals was to increase the output of industrial goods‚ and he placed emphasis on electrical power‚ capital goods (ex. coal‚ iron‚ and machinery)‚ and agriculture. Stalin wanted to make the Soviet Union’s economy self-sufficient
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Mistakes in life are like the first time you jump into a pool without knowing how to swim; it allows you to realize it’s not a good idea and learn how to correct it before you end up drowning again. You’ll never learn anything in life without making mistakes first because they are the best learning experiences. My dad was that daring little boy that would jump in the deep end of the pool not knowing how to swim. Although he knew he would drown every time he had to keep trying it until he realized
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X v It has to be‚ without doubt‚ the best job in the world. Ever. Now‚ I like chocolate - a lot. My sickness threshold is high. I can eat loads without feeling queasy. I’ve tried and fallen in love with every brand I can think of‚ and‚ as far as inventing new flavours goes‚ well‚ that’s easy. EVERYTHING goes well with chocolate. Check out all the latest News‚ Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/news/uk-news/being-a-professional-chocolate-taster-mirrorgirl-261729#ixzz2fS9G9iGD
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At one summer day of 2006‚ after three hours of rigorous kendo training‚ I was barely standing in a bus station‚ waiting for no.7 bus that would guide me home. It takes almost 40 minutes to go back home and my body ceaselessly sent a message to my brain to spot a seat on my getting on the bus. Wow‚ it was my lucky day (...or not). Though it was five o’clock when usually all buses are full‚ I found a seat as soon as I got into the bus. It magnetized my fragile body with such a compelling power. I
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Matric no: ______________ Group: _________ Attendance list no: _____________ Tutorial 1: Chapter 1‚ 2‚ 3 DUE DATE: 3 OCTOBER 2013 1. Accounting is a process involving the following activities‚ EXCEPT: A. recording of economic activities B. communicating to stakeholders C. identifying relevant economic activities D. guaranteeing profitability of business operation 2. A senior accountant working at the Account Department of Universiti Utara Malaysia is also known as: A. a public
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CLICK TO DOWNLOAD ACC 201 Principles of Financial Accounting Week 1 Chapter 1 and 2 Practice Exercises: 1-2‚ 1-4‚ 1-9‚ 1-12‚ 1-18‚ 2-1‚ 2-3‚ 2-19‚ 2-22‚ 2-25. Memo to Blair Complete the writing assignment‚ ATC 1-4 from Chapter 1 and submit to your instructor. Week 2 Discussion 1: Fraud Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of
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