GAAP financial and nonfinancial reports on departments Instructor Explanation: Chapter 1, page 4 Points Received: 6 of 6 Comments: 2. Question : (TCO A) Borders Books is an example of a Student Answer: manufacturing-sector company. merchandising-sector company. service-sector company. client-focused company. Instructor Explanation: Chapter 1, page 36 Points Received: 6 of 6 Comments: 3. Question : (TCO A) Which
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Contents Chapter 1 5 CA 1-4 5 CA 1-6 5 CA 1-8 6 CA 1-10 7 CA 1-12 8 CA 1-17 9 Chapter 2 10 CE2-2 10 CE2-3 10 EXERCISE 2-2 11 EXERCISE 2-3 12 EXERCISE 2-4 13 CA 2-4 13 Chapter 3 15 EXERCISE 3-6 15 EXERCISE 3-10 16 EXERCISE 3-13 19 EXERCISE 3-15 19 EXERCISE 3-20 20 Chapter 4 22 PROBLEM 4-1 22 PROBLEM 4-3 25 PROBLEM 4-5 27 PROBLEM 4-7 29 Chapter 5 31 PROBLEM 5-2 31 PROBLEM 5-4 34 Chapter 6 37 EXERCISE 6-3 37 EXERCISE 6-6 38 Chapter 7 39 PROBLEM 7-2 39 PROBLEM 7-4 41 PROBLEM
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Chapter 01 - Financial Statements and Business Decisions Chapter 01 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosures for external decision makers. Managerial accounting involves the preparation
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Partnership – Basic Considerations and Formation 1 CHAPTER 1 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 1-1: a Jose's capital should be credited for the market value of the computer contributed by him. 1-2: b (40,000 + 80,000) ÷ 2/3 = 180,000 x 1/3 = 60,000. 1-2: c 1-3: a Cash P100,000 Land 300,000 Mortgage payable ( 50,000) Net assets (Julio, capital) P350,000 1-4: b Total Capital (P300,000/60%) P500,000 Perla's interest ______40%
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Table of Contents Chapter 1: The Admin Hack! Boot into Single-User Mode! Mount the Hard Drive! Remove the “Setup has been completed” File! Reboot! Watch the Video! Continue Setup! Set up the Administrator Account! Finish Setup and Log In! 5 6 6 6 7 7 7 8 8 Chapter 2: Enable The Root User! Option 1: Enable Root Via GUI! Option 2: Enable / Change Root Password Via Terminal! 9 10 11 Chapter 3: Removing Traces! Log Out and Login as Root! Delete The Administrator Account! 12 13 13
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CHAPTER 15 Accounting for Partnerships CHAPTER OUTLINE Partnership Accounting Partners’ Accounts Ownership Changes Partnership Liquidation Instalment Liquidation Plan of Cash Distribution to Partners Summary Review and Multiple Choice Questions, Case, and Problems LEARNING OBJECTIVES After studying this chapter, you should be able to do the following: • Describe the advantages and disadvantages of the partnership form of organization. • Explain where the major differences lie in the accounting
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Partnership – Basic Considerations and Formation 1 CHAPTER 1 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 1-1: a Jose's capital should be credited for the market value of the computer contributed by him. 1-2: b (40,000 + 80,000) ÷ 2/3 = 180,000 x 1/3 = 60,000. 1-3: a Cash P100,000 Land 300,000 Mortgage payable ( 50,000) Net assets (Julio, capital) P350,000 1-4: b Total Capital (P300,000/60%) P500,000 Perla's interest ______40% Perla's capital
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BUSINESS AND TRANSFER TAXATION 6th Edition (BY: VALENCIA & ROXAS) 40 SUGGESTED ANSWERS Chapter 6: DONOR’S TAX CHAPTER 6 DONOR’S TAX Problem 6-1 1. False – during the lifetime of the donor. 2. True 3. True 4. False – there is no consideration in donation. 5. True 6. False – It is enough that the duly representative of the incapacitated donee to receive the donation. 7. True 8. False – Real property donation must be put in writing regardless
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. 2. Print out your completed electronic template. 3. Attach the following: • This front cover (completed) • Electronic solution template • Company annual report Chapter 1 - Introduction |Chapter 1: Select a Company and Gather Documents—Question 1 | |Fill in the page numbers on the annual report where the following are located.
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CHAPTER 7 SUGGESTED ANSWERS Exercise 7-1 1. Contract price Cost incurred to date Est. cost to complete Total estimated cost Total estimated gross profit Percentage of completion 2010 - Recognized revenue Cost of revenue Gross profit 2011 - Recognized revenue Cost of revenue Gross profit 2012 - Recognized revenue Cost of revenue Gross profit 2. a. Construction in progress Cash, Materials, etc. 7,500,000 7,500,000 36,000,000 8,000,000 36,000,000 2010 P50,000,000 P 7,500,000 30,000,000 37,500,000
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