Reference no: EM132739356
Problem 1: A businessman owns an advertising company and a printing business. Based on this given situation, which concept supports the idea that there are three separate persons with separate assets, liabilities, income, and expenses?
a. Periodicity concept
b. Business entity principle
c. Matching concept
d. Concept of equality of value received and value given up
Problem 2: The following accounts normally reflect debit balances in an unadjusted trial balance
a. Assets, liabilities, expenses, and withdrawals
b. Assets, withdrawals, expenses, and income
c. Assets, withdrawals, expenses and losses
d. Assets, capital, withdrawals, and expenses
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Which posting references indicate
: Under what condition is it proper to recognize revenue prior to the sale of the merchandise? Which Posting references indicate?
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Eoq with discount model
: When utilizing the 'EOQ with Discount Model,' the chosen purchase quantity may differ from EOQ. Explain why.
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Describe the equal employment opportunity
: Equal Employment Opportunity (EEO) and Affirmative Action (AA) are not required in today's evolved organizational climate. EEO and AA enforce quotas.
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Environment leading up to the pandemic
: A critical review on COVID-19 global pandemic, keeping the focus of reflection on two areas of risks, specifically as a student and as an employee.
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Which accounts normally reflect debit balances
: Which accounts normally reflect debit balances in an unadjusted trial balance? Assets, liabilities, expenses, and withdrawals. /Assets, withdrawals, expenses
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Prepare the journal entries that SMC should record
: Prepare the journal entries that SMC should record for the years ended December 31, 2018, and December 31, 2019
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How the activity will contribute to the learner literacy
: Explain why you chose the activity, who you consulted with when designing the activity, how you will set up the environment, how you will involve and interact.
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Which is not part of the accounting cycle
: Which is not part of the accounting cycle? Classifying and summarizing the effects of the transactions on the accounting elements.
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Celanese approach to it service improvement
: Do you agree with his characterization of the Celanese and the ITIL path? Why? Why not? repharse the answer and add my point of view
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