187.Explain the difference between the functions of an internal auditor and an external auditor.
188.Select the appropriate financial statement for each of the following accounts.
(a) Income statement
(b) Statement of changes in equity
(c) Balance sheet
103.Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing
initials (R, E, A, L or E) in the blanks.
_ (1) Rent Expense
_ (2) Cash
_ (3) Equipment
_ (4) Owner, Capital
_ (5) Fees Earned
_ (6) Accounts Receiva
131.Charlene Addemup prepared the following trial balance from the general ledger of Big Blue
Cleaning Service. It did not balance.
Because the trial balance did not balance, Charlene decided to examine the accounting records
very closely. She found that
121.Krenz Kar Kare, owned and operated by Karl Krenz, began business in September of the current
year. Karl, a master mechanic, had no experience with keeping a set of books. As a result, Karl
entered all of September's transactions directly to the Genera
One red flag in this story was lack of employee rotation in sensitive positions. Generally, job rotations are
a positive. They give
-Psychographics- values, beliefs, attitudes
-Values are harder to change compared to beliefs and attitudes. Attitudes are a lot easier to change (all
three are connected)
-to inform, to persuade, to inspire (Personal experience, research c
Standard E 0.596812
Standard D 8.932266
Sample Var 79.78537
Sum - Study_hrs
Name: Lawrence Li
Follow the instructions described in the attached PDF file. The variable to use is "Miles"
Report the following:
Mean (population) before cleaning the data
Writing Assignment #1
Government is pervasive throughout the United States and functions at three levels: local, state,
and federal. Through a vertical relationship between the federal and state government, there are some
Marketing - Professor Pahwa
Assignment #1: Company Description
Overview of the background: North Face is named for the coldest, most unforgiving side of a mountain.
The North Face was initially founded as a San Francisco climbing equi
115.A business paid $2,500 to satisfy a previously recorded account payable. Set up two or more Taccounts below and show how this transaction would be recorded directly in those accounts.
116.A business paid $100 to Karen Smith (the owner of the business)
107.Explain the steps in processing transactions in an accounting system.
108.Explain how accounts are used in recording information about transactions.
109.Explain the difference between a ledger and a chart of accounts.
110.Explain debits and credits an
197.How does the going concern principle affect reporting asset values of a business?
198.A parcel of land is offered for sale at $135,000, is assessed for tax purposes at $60,000, is
recognized by its purchasers as easily being worth $108,000, and is pur
218.For each of the following transactions, identify the effect on the accounting equation. Use "+" to
indicate an increase and "-" to indicate a decrease. Use "A", "L", and "E" to indicate assets,
liabilities, and equity, respectively.
224.Prepare a balance sheet in good form for the Logitech Trucking Company from the following
alphabetical list of the accounts at September 30, 2015:
225.Prepare a balance sheet in good form at December 31, 2015 for Draydon Insurance Co. from the
256.The accounting equation is _.
257.The accounting equation is Assets = _ + Equity.
258.The owner of a business buys a building for $200,000 and immediately contributes the building to
the business as his investment. If the business assumes responsi
180.Identify the three forms of business organizations.
181.Describe non-business organizations.
182.Identify the form of business organization(s) to which the following characteristics apply.
(a) Is a separate business entity.
(b) Can be owned by one per
The _ principle means that every organization is accounted for separately
from its owner's personal activities.
Larson - Chapter 01 #255
Learning Objective: 01-05 Identify; explain; and apply accounting principles.
Prepare a balance sheet in good form at December 31, 2015 for Draydon Insurance Co. from
the following items:
Larson - Chapter 01 #225
Learning Objective: 01-08 Prepare financial statements reflecting business transactions.
77. The process of copying journal information to the ledger is called:
C. An internal business transaction.
E. An external business transaction.
78. A column in journals and accounts used to cross referenc
Writing Assignment #2
Incarceration rates within the United States have been amongst the highest in the world, and
certain social and economic factors have played a significant role in high incarceration rates. For instance,