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"General Accounting Principles" Please respond to the following:
• Watch the video titled, "Bookkeeping" (5 min 46 s) from the lynda.com video series Accounting Fundamentals with Kay Stice and Jim Stice at https://www.lynda.com/Business-Accounting-tutorials/Bookkeeping/158665/176132-4.html?org=strayer.edu. Next, consider the following statement: "Bookkeeping and accounting are the same." In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.
• Watch the video titled "The Basic Accounting Equation" https://www.youtube.com/watch?v=cLG7K6Sq9K4 (6 min 33 s). Next, analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making.
Lupa Inc. trades its used machine (cost $12,000 less $4,000 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair market value of $9,000), Lupa also paid cash of $3,000.
a retailer purchased some trendy clothes that have gone out of style and must be marked down to 40 of the original
Orchard"s net income for the year ended December 31 was $50,000. The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price earnings ratio on Orchard"s common stock at December 31?
selling general and administrative expenses were 169400 net sales were 770000 interest expense was 18500 research and
Prepare the year-end adjusting journal entry to adjust the Allowance for Doubtful Accounts to the balance you calculated above. Assume the allowance account has an unadjusted credit balance of $ 8,000. Of the customer account balances shown above on ..
Activity-based costing (ABC) information cannot be used by managerial decision-makers to evaluate the:
a manufacturer considers two methods for producing a circuit board.the board can be hand-wired at a 0.98 per unit and
frank co. is currently operating at 80 of capacity and is currently purchasing a part used in its manufacturing
The tobacco companies have paid billions because of smoking-related illnesses. In particular, Philip Morris, a leading cigarette manufacturer, paid more than $3,000,000,000 in settlement payments in one year.
miller company manufactures a product for which materials are added at the beginning of the manufacturing process. a
the following facts pertain to a noncancelable lease agreement between alschuler leasing company and mckee electronics
discuss the advantages and disadvantages of each costing method including fifo lifo and average cost.discuss the
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