Test 1 Chapters 1-4 Student: ___________________________________________________________________________ 1. A cause-and-effect relationship is implicit in the: A. Realization principle. B. Historical cost principle. C. Matching principle. D. Going concern assumption. 2. Accounting standard setting has been characterized as: A. A political process. B. Using the scientific method. C. Pure deductive reasoning. D. Pure inductive reasoning. 3. The FASB's conceptual framework's qualitative
Words: 1730 - Pages: 7
CP-2 Theme Park PM592 Project Cost and Schedule Control Oct 21, 2012 Introduction The construction of the new theme park project is laid out for 180 days of construction to finish. This project has a start Date of Monday April 4, 2008. The preliminary cost is $4,449,920.00 and with a completion date of December 19, 2008. The theme park will include a Ferris wheel, Rope course, Climbing walls, Carousel, Bowling, Go carts, and a Mini golf. The desired walk through date is December 18,
Words: 3824 - Pages: 16
period of time. b) GDP declines only moderately. c) GDP is volatile. d) GDP long-term trend is flat. 3) Which of the following is NOT an example of an increased standard of living? a) Lower life expectancy. b) Indoor plumbing. c) Medical advances. d) Telephones in every home. 4) Long-term growth is measured by: a) Looking at real GDP per capita for a long period of time. :: b) Looking at real GDP per capita over one year. c) Looking at nominal
Words: 428 - Pages: 2
SC4730 Unit 6 Lab 1. The DC Water and Sewer Authority (DCWASA), collects waste and storm water. Once it collects the waste and storm water it puts it through a nitrification/de-nitrification, effluent filtration, chlorination/de-chlorination and post aeration process. For solid wastes, the treatment includes thickening and dewatering processes and other processes such as screen and de-gritting processes, gravity thickeners, dissolved air flotation thickeners, sludge blending centrifuge dewatering
Words: 426 - Pages: 2
What is lead? Lead is a naturally occurring metal found in small amounts of the Earth’s crust. Although lead has been previously used as an ingredient in paint, gas, and plumbing, it is poisonous and can be dangerous to your and your child’s health. Why is lead harmful? Once lead is consumed it is incorporated into the skeletal system and can cause severe health problems. Lead can be especially harmful to children under the age of six because they absorb more lead than adults and their nervous
Words: 403 - Pages: 2
are many sole traders whose purpose is to provide a service i.e. window cleaners, hairdressers and plumbers. Some will be a small business that supplies a product like those of a newsagent or market trader selling fruit and veg. For example SAMS Plumbing ltd in hackney, north London is the trading name of Luther Sammy the owner, he provides a
Words: 4466 - Pages: 18
Vamsi Sutram Mrs. Smith American Literature 29 November 2014 Power of Guilt In modern society, concealing guilt is often given a negative connotation, however, the implications that are associated with guilt and sins are human creations. Guilt, the result of shameful mistakes, is associated with infirmity, cowardice, and self-centeredness due to the fear of exposure. These three mesmerizing works, The Scarlet Letter by
Words: 1811 - Pages: 8
ID 1 Task Mode Task Name Duration Start Finish October 1 Predecessors December 11 11/24 12/29 February 21 2/2 3/9 2 3 4 5 6 7 8 9 10 11 12 13 Acquire Architects and Construction Companies for project Send out RFPs for Architects & Contruction Review Receive and RFPs Choose & Notify Contract Recipients Design Store , Parking Garage and Outdoor Space Review existing blueprints and modify as needed Apply for necessary licenses and permits Licenses and Permits Aquired Build Store & Garden
Words: 1261 - Pages: 6
according to his maternal second cousin Barbara Shaffer, this is likely untrue.[6][note 1] Economic difficulties during the Great Depression necessitated that Jones' family move to nearby Lynn, Indiana in 1934, where he grew up in a shack without plumbing.[2][7] Jones was a voracious reader as a child and studied Joseph Stalin, Karl Marx, Mahatma Gandhi and Adolf Hitler carefully,[8] noting each of their strengths and weaknesses.[8] Jones also developed an intense interest in religion, primarily
Words: 492 - Pages: 2
QUESTION 1 Project managers see costs when they are incurred (contracts are executed). Accountants see costs when invoices are received, and Controllers see costs when payments are made. Project managers: project managers recognize costs after a commitment is made to pay someone for resources or services. Accountants: accountants recognize an expense when an invoice is received and the cost is actually incurred-not, as most people believe, when the invoice is paid. Controllers: controllers
Words: 1959 - Pages: 8