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Question: The problem with successful operations is that they can separate us from God; the temptation is to believe that our success is a result of our own power and intellect.
Read Deuteronomy 8:17-20: "For it is he who gives you the ability to produce wealth" (NIV).
Do we live by our own strength and trust in our bank accountants, or do we trust in God? Second Samuel 24 recounts how King David counted the fighting men. God considered this a great trespass because it did not reflect complete trust and dependence upon Him. In this context, accounting once was considered an evil activity. How do we overcome the temptation to totally and completely trust our wealth for security?
Do the following events represent business transactions? Explain your answer in each case.
Some, but not all, contributions of goods and services are given accounting recognition. In each of the following scenarios, an organization receives a contribution in kind. Prepare journal entries, as necessary, to give them accounting recognitio..
On December 31, 2011, Rollo Company held the following short-term investments in its portfolio of available-for-sale securities.
The company's accountant determined that an appropriate allowance of $9,000,000 should be established. Ignore income taxes. i) Is this a change in accounting principle, change in estimate, or a correction of an error?
Softech pays no dividends, and instead reinvests all earnings for future growth. Determine the return on shareholders' equity for 2011
Tina and Randy formed the TR Partnership four years ago. How should Susan treat the receipt of the partnership interest in the current year
Wilson Company makes all sales all sales of industrial bearings under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers.
beverage products llc manufactures metal beverage containers. the division that manufactures soft-drink beverage cans
If Southview expects to incur 1, 500 machine hours in May what would be the estimate of their total costs?
Moss County Bank agrees to lend the Pharaoh Company $575000 on January 1. Pharaoh Company signs a $575000, 6%, 9-month note
layout dicions are the important aspect of the design of theproduction system. please briefly describe produce and
which produces a single product, has prepared the following standard cost sheet. Compute the total, price, and quantity variances for materials and labor.
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