Accumulated dep - Study guides, Class notes & Summaries
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ACCOUNTING 102 FINAL EXAM QUESTIONS WITH LATEST UPDATE
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What is a partnership? - ANSWER-is an association 2 or more persons to carry on as co-owners of business assets 
 
Characteristic of a partnership - ANSWER-Mutual agency, Association of individual, Unlimited liability, limited life, co-ownership 
 
Forming a partnership account entry - ANSWER-Debt cash and assets, credit allowance and owner equity 
 
Remember about accounts receivable, fair value, and allowance. - ANSWER-Accounts receivable remains the same, fair value and allowance is always wh...
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BSIT IT258 Valix - ACC105_CHAPTER33_DEPRECIATION (100% CORRECT ANSWERS)
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CHAPTER 33 Depreciation Problem 33-1 (AICPA adapted) On January 1, 2010 Lem Company bought machinery under a contract that required a down payment of P100, 000, plus 24 monthly payments of P5 0, 000 each, for total cash payments of P1, 300,000. The cash equivalent price of the machinery was P1, 100,000. The machinery has an estimated useful life of 10 years and estimated residual value of P50, 000. Lem uses straight line depreciation. In its 2010 income statement, what amount should Lem report a...
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Adjuster Pro - Florida Certified Adjuster Glossary 2023 Questions and Answers 100% verified
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Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
Adhesion - CORRECT ANS One of the characteristics of an insurance contract. Means that one party (the insurer) sets...
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ADVANCED FINANCIAL ACCOUNTING EXAM 2023 VERIFIED QUESTIONS AND ANSWERS
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ADVANCED FINANCIAL 
ACCOUNTING EXAM 2023 VERIFIED 
QUESTIONS AND ANSWERS 
A foreign subsidiary of the Bart Corporation has certain balance sheet accounts on 
December 31, 20X2. Information relating to these accounts in U.S. dollars is as follows: 
Restated at 
Current Rates Historical Rates 
Marketable (AFS and Trading) Securities 
$ 75,000 $ 85,000 
Inventories, carried at average cost $ $ 600,000 $ 700,000 
Refundable Deposits 
$ 25,000 $ 30,000 
Goodwill 
$ 55,000 $ 70,000 
Tot...
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ADVANCED FINANCIAL ACCOUNTING EXAM 2023 VERIFIED QUESTIONS AND ANSWERS
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ADVANCED FINANCIAL 
ACCOUNTING EXAM 2023 VERIFIED 
QUESTIONS AND ANSWERS 
A foreign subsidiary of the Bart Corporation has certain balance sheet accounts on 
December 31, 20X2. Information relating to these accounts in U.S. dollars is as follows: 
Restated at 
Current Rates Historical Rates 
Marketable (AFS and Trading) Securities 
$ 75,000 $ 85,000 
Inventories, carried at average cost $ $ 600,000 $ 700,000 
Refundable Deposits 
$ 25,000 $ 30,000 
Goodwill 
$ 55,000 $ 70,000 
Total 
$ 755,000 ...
Too much month left at the end of the money?
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NR 630 Student Hourly Activities Log Week 1-7, Week 8 - Download To Score A High Grade
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NR630: Executive Practicum Student Activities Log Student's Name: Meghan Wenzel D#: Mentor's Name: Michelle Thorne Name of Facility: Calhoun County Health Dep Inst ructions: Complete information for each week onto this form adding rows as needed for additional activities. See Practicum Guidelines in Course Resources for further details. Required Hours: Minimum of 100 hours. Up to 40% (40 hours) of student activities can consist of: 1. preparation for Management Activity Project; 2. research a...
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CEBS GBA Exam 1 Questions And Answers 2024 Broad view of Employee Benefits (Mod 1.1) - correct answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vaca
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CEBS GBA Exam 1 Questions And Answers 2024 
 
Broad view of Employee Benefits (Mod 1.1) - correct answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) 
 
Narrow view of Employee Benefits (Mod 1.1) - correct answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in prov...
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ACCA - SBR ALL SOLUTION LATEST 2023/24 EDITION 100% CORRECT GUARANTEED GRADE A+
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What if not followed IAS or IFRS? 
Not True and Fair 
= UNETHICAL 
Why PRINCIPLES not RULES? 
Principles harder to circumvent 
Why have a FRAMEWORK? 
Provides guidances for standards setters 
Gives guidance where no standards exist 
Helps all parties with intrerpretation 
2 x Useful qualities of financial information 
RELEVANCE = Influences Decisions 
FAITHFUL REPRESENTATION = Complete, Neutral, No Errors 
What does RELEVANCE offer? 
PREDICTIVE VALUE 
CONFIRMATORY VALUE 
4 X Qualities of FAITHFU...
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TESTBANK FOR Corporate Finance, 3rd Edition
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TESTBANK FOR Corporate Finance, 3rd 
Edition 
by Jonathan Berk and Peter DeMarzo 
Corporate Finance, 3e (Berk/DeMarzo) 
Chapter 1 The Corporation 
1.1 The Four Types of Firms 
1) A sole proprietorship is owned by: 
A) one person. 
B) two of more persons. 
C) shareholders. 
D) bankers. 
Answer: A 
Diff: 1 
Section: 1.1 The Four Types of Firms 
Skill: Definition 
2) Which of the following organization forms for a business does NOT avoid double taxation? 
A) Limited partnership 
B) "C" corpora...
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IAS 16 2023 with 100% questions and answers
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IAS 16 
PPE 
 
 
 
IAS 16 does not cover 
biological assets, held for sale, mineral rights and reserves 
 
 
 
PPE are tangible items 
held for use in the production or supply of goods and services 
expected to be used for more than 1 year 
 
 
 
PPE when: 
-probable future economic benefits that will flow to entity 
-cost can be measured reliably 
 
 
 
spare parts/ replacement parts 
recognized in inventory and P&L as consumed 
major parts part of PPE if expected to be used more than 1 year 
 ...
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