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AC 501 Knowledge is divine - snaptutorial.com

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E2-7 (Assumptions, Principles, and Constraints): Presented below are the assumptions, principles, and constraints used in this chapter. Economic entity assumption 5.Historical-cost principle 9. Materiality Going-concern assumption 6.Matching principle 10. Industry practices Monetary unit assumption 7. Full disclosure principle 11. Conservatism Periodicity assumption 8. Cost-benefit relationship Instructions Identify by number the accounting assumption, principle, or constraint that describes each situation below. Do not use a number more than once. E2-8 (Assumptions, Principles, and Constraints): – PowerPoint PPT presentation

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Title: AC 501 Knowledge is divine - snaptutorial.com


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AC 501 Knowledge is divine / snaptutorial.com
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 1 Homework Assignment For more
classes visit www.snaptutorial.com   E2-7
(Assumptions, Principles, and Constraints)
Presented below are the assumptions, principles,
and constraints used in this chapter. Economic
entity assumption 5.Historical-cost principle 9.
Materiality Going-concern assumption 6.Matching
principle 10. Industry practices
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 2 Homework Assignment For more
classes visit www.snaptutorial.com   E4-4 INSTRUCT
IONS Prepare a classified balance sheet in good
form (No monetary amounts are necessary) E4-9
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 3 Homework Assignment For more
classes visit www.snaptutorial.com   Exercise 7-5
(Recognition of Profit for Long-Term Contracts)
Andre Agassi Construction Company began
operations January 1, 2008. During the year,
Andre Agassi Construction entered into a contract
with Lindsey Davenport Corp. to
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 4 Homework Assignment For more
classes visit www.snaptutorial.com   E10-12
(Depreciation Computations-SL, SYD, DDB) Montoni
Company purchases equipment on January 1, year 1,
at a cost of 469,000. The asset is expected to
have a service life of 12 years and a salvage
value of 40,000. Instructions
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 5 Homework Assignment For more
classes visit www.snaptutorial.com   Exercise
12-7   Exercise 12-18   Exercise
13-8   Exercise 13-22
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AC 501 Knowledge is divine / snaptutorial.com
AC 501 Unit 6 Homework Assignment For more
classes visit www.snaptutorial.com   E16-1
(Compensated Absences) Zero Mostel Company began
operations on January 2, 2008. It employs 9
individuals who work 8-hour days and are paid
hourly. Each employee earns 10 paid vacation days
and 6 paid sick days annually. Vacation days may
be taken after January 15 of the year following
the year in which they are earned. Sick days may
be taken as soon as they are earned unused sick
days accumulate. Additional information is as
follows.
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AC 501 Knowledge is divine / snaptutorial.com
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