Today, Green Branch Coffee's employees began the process of forming a union. The Director of Human Resources wants you to discuss a few important facts about unions so that the coffee shop managers are equipped with detailed information

Today, Green Branch Coffee's employees began the process of forming a union. The Director of Human Resources wants you to discuss a few important facts about unions so that the coffee shop managers are equipped with detailed information. In a Word document of at least 750 words, answer the following questions:

What is the process that employees will use to unionize?

How can collective bargaining deliver improvements for workers in the organization?

What does a union have to consider regarding a state's right-to-work laws?

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You are the new office coordinator of a small multi-specialty group practice. You have been tasked with updating the office policies on medical records and confidentiality and training the employees on this important topic.

 You are the new office coordinator of a small multi-specialty group practice.  You have been tasked with updating the office policies on medical records and confidentiality and training the employees on this important topic.

For this assignment you will:

Draft policies and procedures related to medical records and confidentiality in your group practice.  This should include the following information in 3-5 pages, not including title page and reference page. You are expected to use a minimum of two references and utilize APA style:

Define medical records and confidentiality

Discuss legal standards and regulations related to medical records and confidentiality

Outline policies related to medical records requirements and standards

Outline policies and procedures related to confidentiality and access to records

Discuss how these policies and procedures will be communicated to employees

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Read about the value of ERP systems:

 1- 

Read about the value of ERP systems:  https://selecthub.com/enterprise-resource-planning/why-erp-systems-are-important/

 (Links to an external site.)

Which of these benefits do you understand well from your education or internship, and which benefits seem vague or use terms you don't understand?

2- 

After reading the following, comment on 1) what was not well explained; 2) what you think was missing; or 3) what surprised you.   https://www.guru99.com/what-is-sap-definition-of-sap-erp-software.html

3-

This brief overview of ERP systems by Oracle is a good place to start.    https://www.netsuite.com/portal/resource/articles/erp/what-is-erp.shtml

 (Links to an external site.)    Post below your answer (in two sentences maximum) to a college business student who asks you, "So what is this ERP thing?"  Or post what you believe the three most important ERP facts any business student should know.

note:

1 and 2 you can write 3 - 5 sentences, 3 two sentences maximum.

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The history of ERP systems date to the 1960s, but were first labelled ERP systems much later.

 The history of ERP systems date to the 1960s, but were first labelled ERP systems much later.  Read https://www.geniuserp.com/blog/a-brief-history-of-erps

 (Links to an external site.)

What surprises you?  Or comment on what we learn by studying the history of ERP or any technology in business.  Or comment on how ERP history is same/different from smartphone, social media, or web history.

2-

Read over the Wikipedia entry on ERP systems, particularly up to section 8.4.  https://en.wikipedia.org/wiki/Enterprise_resource_planning

 (Links to an external site.)  Nominate a key term we need to remember and pose a question that others can answer in their reply.

note: 

for each 3- 5

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If a map has a scale ratio of 1:63,360, and you move 3 inches on the map, how many miles in real life are you moving?

 If a map has a scale ratio of 1:63,360, and you move 3 inches on the map, how many miles in real life are you moving?

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Read the following message, then (a) analyze the strengths and weaknesses of each sentence and (b) revise the document so that it follows this chapter’s guidelines.

 Read the following message, then (a) analyze the strengths

and weaknesses of each sentence and (b) revise the document so that it follows this chapter’s guidelines.

Dear TechStar Computing:

I’m writing to you because of my disappointment with my new

multimedia PC display. The display part works all right, but the

audio volume is also set too high and the volume knob doesn’t

turn it down. It’s driving us crazy. The volume knob doesn’t seem

to be connected to anything but simply spins around. I can’t believe you would put out a product like this without testing it first.

I depend on my computer to run my small business and want

to know what you are going to do about it. This reminds me of 

every time I buy electronic equipment from what seems like any

company. Something is always wrong. I thought quality was supposed to be important, but I guess not.

Anyway, I need this fixed right away. Please tell me what you

want me to do.

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Assignment 1: Attempt 1 Description: Based on Book 1, unit 1 Write 5 simple sentences in the simple present,

 Assignment 1: Attempt 1 Description: Based on Book 1, unit 1 Write 5 simple sentences in the simple present, each expressing one clear idea that could be used as a main idea or topic sentence. 5 simple sentences in the simple present (using verb+infitive constructions), each giving a supporting idea or detail to one of the main idea sentences.

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ECN-500: Global Economics

 ECN-500: Global Economics

Q1:

Acknowledging country risks and opportunities relative to key exports is essential in comprehending the effect of globalization on our world economy. Identify the most important strengths, weaknesses, opportunities, and threats for Saudi Arabia’s long-term petroleum products industry outlook in your view. Explain your reasoning. What are the implications of the Saudi Vision 2030 for the petroleum sector?

Link is provided to the report in the required readings area of this module.Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q2:

Select a country of your choice (other than Saudi Arabia) and discuss its comparative advantage—the sources and the challenges. What is the role of the government? Does the government provide additional investment? What could increase their advantage?

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q3:

Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff “war” cannot be used since these are the two largest economies in the world. Investigate the impact of the trade barrier on the developing country’s business sector and quantify the impact, if possible. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q5:

Consider the effect of trade liberalization on agricultural markets. Using your weekly readings and additional research, discuss the challenges experienced by the Saudi Arabian agriculture industry. What financial support does the KSA government provide for its agricultural sectors? How could the KSA improve its agricultural sectors policies? What types of results would you expect for these improvements? Any foreseen consequences?

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly peer reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q6:

Select a country of your choice (other than Saudi Arabia) and observe the last balance of payments issued by that country. Does the country run a current account deficit or surplus? What are the driving factors for the deficit or surplus? What are the implications of the current account deficit or surplus for the overall economy? What actions may better the nation’s situation? Explain.

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q7:

How do fiscal and monetary policies under the fixed exchange rate in Saudi Arabia help the country to increase the living standard? What are the goals of the monetary and fiscal policies, and how are they achieved? What are the challenges that the country may encounter on the journey to achieve these goals?

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q8:

Discuss one of the Saudi Vision 2030 economic objectives. What are the policy instruments to achieve this objective? Consider policies and perspectives that you have observed through this course. Provide a specific example that you identified.

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.Use Saudi Electronic University academic writing standards and APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

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FIN-500: Principles of Finance

 FIN-500: Principles of Finance

Q1:

The purpose of the financial management is to maximize shareholders wealth. What is the meaning of shareholders wealth maximization? If a company attempts to maximize its shareholders wealth, is this good or bad for society? Explain by providing some examples. Do you think maximizing shareholders’ wealth also applies in Saudi Arabia?

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q2:

Although Financial Ratio Analysis has limitations, it is a great tool to find the problematic areas in the company so that managers can go back and address the problems. One of the limitations is differences in accounting standards around the world that can distort financial ratios.

Select two publicly traded US companies listed on the NASDAQ stock market and calculate each company’s P/E (Price to Earnings Ratio) and MB (Market to Book Ratio). What do these ratios tell you about how investors value these two companies’ future prospects?

*Make sure your selected companies are different than your classmates’.

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q3:

Why is it important to understand the concepts of inflation, present value, and future value of money as Saudi Arabia moves towards Saudi Vision 2030? What are some of the important terms and concepts that managers must understand in making decisions in today’s global environment? How will these factors affect Saudi Vision 2030?

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q4:

There are two important questions financial managers should ask:

What level of assets are needed to operate?How to finance those assets or raise capital? (The firm can use equity or debt financing or combination of both.)

Select a publicly traded company (make sure your selected company is different than your classmates’) based in KSA and look (in terms of percentage) how it finances its operations using equity or debt financing.

In addition, in Saudi Arabia Vision 2030 stated SMEs (Small-Medium Size Enterprises) struggles to access adequate funding from the financial institutions. Offer two recommendations how this struggle is addressed and be in alignment with Saudi Vision 2030. 

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q5:

This week’s readings address valuing stocks, although the concepts of valuation apply to many aspects of the firm. Explain the differences between market price per share, and intrinsic value (a fundamental price), and factors that determine the fundamental price of a stock.

Then, select a publicly traded company in Saudi Arabia, calculate its fundamental price per share, compare the fundamental price per share with market price per share and decide if it is underpriced, overpriced, or fairly price. (Make sure your selected company is different than your classmates’). Explain why these concepts are important to business leaders in Saudi Arabia and Saudi Vision 2030.

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q6:

What are the fundamental decisions that the financial manager should make with respect to cash, accounts receivable, and inventory management? In addition, what is the principle of self-liquidating debt and how can it be used to help the firm based in KSA manage its liquidity? How could this be related to Saudi Vision 2030?

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

Q7:

The Saudi Vision 2030 is a plan to diversify the economy and develop sectors such as education, infrastructure, and tourism. The government encourages private investment in transportation and renewable energy. It emphasizes economic and investment activities and increasing non-oil industry trade between countries. What would be the role of FDI (Foreign Direct Investment) to achieve the aims of the Saudi Vision 2030; what might be some challenges with Vision 2030 that Saudi Arabia faces?

Search the SEU library or the Internet for an academic or industry-related article. Select an article that relates to these concepts and explain how it relates to doing business in Saudi Arabia.

For your discussion post, your first step is to summarize the article in two paragraphs, describing what you think are the most important points made by the authors (remember to use citations where appropriate). For the second step, include the reference listing with a hyperlink to the article. Do not copy the article into your post and limit your summary to two paragraphs. Let your instructor know if you have any questions and enjoy your search.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

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Product requirement analysis from social media using fuzzy logic (python code with proper explanation)

Product requirement analysis from social media using fuzzy logic (python code with proper explanation) it's a project work

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Test Bank Chapter 3 The Accounting Information System.

 

Test Bank Chapter 3 The Accounting Information System.

CHAPTER 3

 

THE ACCOUNTING INFORMATION SYSTEM

 

IFRS questions are available at the end of this chapter.

 

TRUE/FALSE

 

                Description

                F              1.            Recording transactions.

                T              2.            Nominal accounts.

                F              3.            Real (permanent) accounts.

                F              4.            Internal event example.

                F              5.            Liability and stockholders’ equity accounts.

                F              6.            Debits and credits.

                F              7.            Steps in accounting cycle.

                T              8.            Purpose of trial balance.

                T              9.            General journal.

                F              10.          Posting and trial balance.

                T              11.          Adjusting entries for prepayments.

                T              12.          Example of accrued expense.

                F              13.          Book value of depreciable assets.

                T              14.          Reporting ending retained earnings.

                F              15.          Post-closing trial balance.

                F              16.          Closing entries and Income Summary.

                F              17.          Posting closing entries.

                F              *18.       Accrual basis accounting.

                F              *19.       Purpose of reversing entries.

                F              *20.       Adjusted trial balance.

 

 

MULTIPLE CHOICE—Conceptual

 

                Description

                d             21.          Purpose of an accounting system.

                d             22.          Necessity of accounting records.

                d             23.          Purpose of an accounting system.

                d             24.          Book of original entry.

                d             25.          Purpose of trial balance.

                d             26.          Identification of a real account.

                b             27.          Identification of a temporary account.

                a              28.          Temporary vs. permanent accounts.

                c              29.          Meaning of debit.

                c              30.          Double-entry system.

                a              31.          Effect on stockholders’ equity.

                a              32.          Transaction analysis.

                a              33.          Accounting equation.

                b             34.          Accounting process vs. accounting cycle.

                d             35.          Accounting cycle steps.

                d             36.          Criteria for recording events.

                d             37.          Identification of a recordable event.

                c              38.          Identification of internal events.

                d             39.          External events.

                d             40.          Limitations of trial balance.

                a              41.          General journal.

                b             42.          Journal entry.

                c              43.          Journal entry.

                d             44.          Journal entry.

                d             45.          Imbalance in a trial balance.

                d             46.          Purpose of unadjusted trial balance.

                b             47.          Format of adjusting entry.

                b             48.          Example of accrued expense.

                d             49.          Accrual basis of accounting.

                c              50.          Accrued expense adjusting entry.

                a              51.          Effect of not recording accrued expense.

                b             52.          Description of a deferral.

                d             53.          Effect of not recording accrued revenue.

                a              54.          Effect of not recording depreciation expense.

                a              55.          Timing of adjustments.

                a              56.          Prepaid expense.

                a              57.          Expiration of prepaid expenses.

                b             58.          Effect of depreciation entry.

                a              59.          Unearned revenue relationships.

                a              60.          Computation of interest expense for adjusting entry.

                d             61.          Purpose of adjusting entries.

                c              62.          Matching principle.

                a              63.          Prepaid items.

                d             64.          Accrued items.

c              65.          Definition of unearned revenue.

d             66.          Definition of accrued expense.

c              67.          Adjusting entry for accrued expense.

d             68.          Factors to consider in estimating depreciation.

d             69.          Adjusting entries.

d             70.          Effect of adjusting entries.

b             71.          Prepaid expense and the matching principle.

c              72.          Accrued revenue and the matching principle.

b             73.          Unearned revenue and the matching principle.

b             74.          Adjusted trial balance.

c              75.          Closing entry process.

c              76.          Purpose of closing entries.

d             77.          Cash collections vs. revenue earned.

d             *78.       Cash basis revenue.

c              *79.       Convert cash receipts to service revenue.

c              *80.       Convert cash paid for operating expenses.

c              *81.       Purpose of reversing entries.

d             *82.       Identification of reversing entries.

d             *83.       Identification of reversing entries.

b             *84.       Adjusting entries reversed.

d             *85.       Reporting inventory on a worksheet.

 

 

 

MULTIPLE CHOICE—Computational

 

                Description

c              86.          Effect of transactions on owners’ equity.

c              87.          Effect of transactions on owners’ equity.

c              88.          Unearned rent adjustment.

c              89.          Unearned rent adjustment.

d             90.          Determine adjusting entry.

c              91.          Adjusting entry for bad debts.

b             92.          Adjusting entry for bad debts.

c              93.          Adjusting entry for interest receivable.

c              94.          Subsequent period entry for interest.

d             *95.       Use of reversing entry.

d             96.          Adjusting entry for unearned rent.

b             97.          Adjusting entry for supplies.

d             98.          Effect of closing entries.

b             *99.       Calculate cash received for interest.

b             *100.     Calculate cash paid for salaries.

d             *101.     Calculate cash paid for insurance.

c              *102.     Calculate insurance expense.

c              *103.     Calculate interest revenue.

c              *104.     Calculate salary expense.

d             *105.     Adjusting entry for supplies.

c              *106.     Reversing entries.

b             *107.     Unearned rent adjustment.

a              *108.     Determine adjusting entry.

d             *109.     Determine adjusting entry.

 

 

MULTIPLE CHOICE—CPA Adapted

 

                Description

                c              110.        Determine accrued interest payable.

                b             111.        Determine balance of unearned revenues.

                a              112.        Calculate subscriptions revenue.

                c              113.        Determine interest receivable.

                b             114.        Calculate balance of accrued payable.

                b             115.        Calculate accrued salaries.

                a              116.        Calculate royalty revenue.

                d             117.        Calculate deferred revenue.

                b             *118.     Difference between cash basis and accrual method.

                c              *119.     Determine cash basis revenue.

                b             *120.     Determine accrual basis revenue.

                a              *121.     Calculate cost of goods sold.

 

*This topic is dealt with in an Appendix to the chapter.

 

 

 

EXERCISES

 

                Item      Description

                  E3-122 Definitions.

                  E3-123 Terminology.

                  E3-124 Accrued and deferred items.

                  E3-125 Adjusting entries.

                E3-126   Adjusting entries.

  E3-127 Financial statements.    

*E3-128                Cash basis vs. accrual basis accounting.

                *E3-129                Accrual basis.

                *E3-130                Accrual basis.

                *E3-131                Accrual basis.

                *E3-132                Cash basis.

 

 

PROBLEMS

 

                Item                      Description

                P3-133  Adjusting entries and account classifications.

                P3-134  Adjusting entries.

                P3-135  Adjusting and closing entries.

                *P3-136                Cash to accrual accounting.

                *P3-137                Accrual accounting.

                *P3-138                Accrual accounting.

                *P3-139                Eight-column work sheet.

 

 

 

CHAPTER LEARNING OBJECTIVES

 

                1.            Understand basic accounting terminology.

                2.            Explain double-entry rules.

                3.            Identify steps in the accounting cycle.

                4.            Record transactions in journals, post to ledger accounts, and prepare a trial balance.

                5.            Explain the reasons for preparing adjusting entries.

                6.            Prepare financial statements from the adjusted trial balance.

                7.            Prepare closing entries.

                *8.          Differentiate the cash basis of accounting from the accrual basis of accounting.

                *9.          Identify adjusting entries that may be reversed.

*10.       Prepare a 10-column worksheet.

 

 

SUMMARY OF LEARNING OBJECTIVES BY QUESTIONS

 

Item      Type      Item      Type      Item      Type      Item      Type      Item      Type      Item      Type      Item      Type

Learning Objective 1

1.            TF           3.            TF           22.          MC         24.          MC         26.          MC         28.          MC                        

2.            TF           21.          MC         23.          MC         25.          MC         27.          MC         123.        E                             

Learning Objective 2

4.            TF          6.            TF           30.          MC         32.          MC         34.          MC                                                        

5.            TF          29.          MC         31.          MC         33.          MC                                                                                        

Learning Objective 3

7.            TF           35.          MC         36.          MC         37.          MC         38.          MC         39.          MC                        

Learning Objective 4

8.            TF           10.          TF           40.          MC         42.          MC         44.          MC         87.          MC                        

9.            TF           25.          MC         41.          MC         43.          MC         86.          MC                                                        

Learning Objective 5

11.          TF           51.          MC         60.          MC         69.          MC         92.          MC         114.        MC         133.        P

12.          TF           52.          MC         61.          MC         70.          MC         93.          MC         115.        MC         134.        P

13.          TF           53.          MC         62.          MC         71.          MC         94.          MC         116.        MC         135.        P

45.          MC         54.          MC         63.          MC         72.          MC         96.          MC         117.        MC                        

46.          MC         55.          MC         64.          MC         73.          MC         97.          MC         122.        E                             

47.          MC         56.          MC         65.          MC         88.          MC         110.        MC         123.        E                             

48.          MC         57.          MC         66.          MC         89.          MC         111.        MC         124.        E                             

49.          MC         58.          MC         67.          MC         90.          MC         112.        MC         125.        E                             

50.          MC         59.          MC         68.          MC         91.          MC         113.        MC         126.        E                             

Learning Objective 6

14.          TF           74.          MC         127.          E                                                                                                                           

Learning Objective 7

 15.         TF           16.         TF           17.          TF           75.          MC         76.          MC         98.          MC         135.        P

Learning Objective *8

18.          TF           80.          MC         102.        MC         119.        MC &

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Test Bank Chapter 4 Income Statement and Related Information.

 Test Bank Chapter 4 Income Statement and Related Information.

CHAPTER 4

 

INCOME STATEMENT AND RELATED INFORMATION

 

IFRS questions are available at the end of this chapter.

 

TRUE-FALSE—Conceptual

                Description

                T              1.            Usefulness of the income statement.

                F              2.            Limitations of the income statement.

                F              3.            Earnings management.

                T              4.            Transaction approach of income measurement.

                T              5.            Single-step income statement.

                T              6.            Revenues and gains.

                F              7.            Multiple-step vs. single-step income statement.

                F              8.            Multiple-step income statement.

                T              9.            Multiple-step vs. single-step income statement.

                F              10.          Current operating performance approach.

                T              11.          Reporting discontinued operations.

                F              12.          Reporting extraordinary items.

                F              13.          Irregular items.

                T              14.          Intraperiod tax allocation.

                F              15.          Reporting earnings per share.

                F              16.          Computation of earnings per share.

                T              17.          Prior period adjustments.

                F              18.          Retained earnings restrictions.

                F              19.          Comprehensive income definition.

                T              20.          Reporting other comprehensive income.

 

 

MULTIPLE CHOICE—Conceptual

                Description

                c              21.          Elements of the income statement.

                d             22.          Usefulness of the income statement.

                b             23.          Limitations of the income statement.

                d             S24.        Use of an income statement.

                d             S25.        Income statement reporting.

                c              26.          Income statement information.

                b             27.          Example of managing earnings down.

                c              28.          Example of managing earnings up.

                b             29.          Improving current net income.

                a              30.          Decreasing current net income.

                d             31.          Single-step income statement advantage.

                b             32.          Single-step income statement.

                d             33.          Methods of preparing income statements.

                a              34.          Income statement presentation.

                b             35.          Event with no income statement effect.

                c              S36.        Net income effect.

MULTIPLE CHOICE—Conceptual  (cont.)

                Description

                b             P37.       Selling expenses.

                b             P38.       Reporting merchandise inventory.

                a              39.          Definition of an extraordinary item.

                d             40.          Classification of an extraordinary item.

                d             41.          Identification of an extraordinary item.

                a              42.          Identification of an extraordinary item.

                d             43.          Identification of an extraordinary item.

                a              44.          Presentation of unusual or infrequent items.

                d             45.          Identification of a change in accounting principle.

                d             46.          Classification of extraordinary items.

                c              47.          EPS disclosures on income statement.

                c              48.          Reporting discontinued operations.

                c              S49.        Reporting unusual or infrequent items.

                d             50.          Intraperiod tax allocation.

                d             51.          Purpose of intraperiod tax allocation.

                c              52.          Intraperiod tax allocation.

                d             53.          Reporting items net of tax.

                d             54.          Reporting items at gross amount.

                c              55.          Earnings per share disclosure.

                d             56.          EPS disclosures on income statement.

                d             57.          EPS disclosures on income statement.

                c              S58.        Earnings per share disclosure.

                d             P59.       Reporting correction of an error.

                c              60.          Retained earnings statement.

                d             61.          Prior period adjustment.

                d             62.          Identification of a prior period adjustment.

                b             63.          Reporting EPS amounts.

                c              64.          Reporting EPS on financial statements.

                b             65.          Comprehensive income inclusion.

                a              66.          Displaying comprehensive income.

                d             67.          Comprehensive income disclosure method.

                c              68.          Comprehensive income items.

                c              69.          Providing information about components of comprehensive income.

 

 

MULTIPLE CHOICE—Computational

                Description

                a              70.          Calculate total revenues.

                c              71.          Calculate total expenses.

                a              72.          Single-step income statement.

                c              73.          Multiple-step income statement.

                c              74.          Multiple-step income statement.

                c              75.          Calculation of net sales.

                a              76.          Presentation of gain on sale of plant assets.

                a              77.          Extraordinary items.

                a              78.          Extraordinary items.

                a              79.          Calculate income before extraordinary items.

                c              80.          Calculate income before taxes and extraordinary items.

MULTIPLE CHOICE—Computational  (cont.)

                b             81.          Calculate extraordinary loss.

                a              82.          Events affecting income from continuing operations.

                b             83.          Calculation of events affecting net income.

                c              84.          Disposal of a major business component.

                c              85.          Tax effect on irregular items.

                c              86.          Tax effect on irregular items.

                b             87.          Calculate income tax expense.

                a              88.          Calculate income tax expense.

                a              89.          Calculate income tax expense.

                b             90.          Calculate earnings per share.

                d             91.          Calculate EPS for extraordinary loss.

                d             92.          Calculate earnings per share.

                c              93.          Earnings per share.

                c              94.          Earnings per share.

                a              95.          Retained earnings statement.

                b             96.          Retained earnings statement.

                c              97.          Retained earnings statement.

                d             98.          Retained earnings statement.

                d             99.          Calculate balance of retained earnings.

                d             100.        Calculate other comprehensive income.

                a              101.        Calculate comprehensive income.

                c              102.        Calculate ending Accumulated Other Comprehensive Income.

                c              103.        Calculate ending Retained Earnings balance.

                a              104.        Calculate total stockholders' equity.

 

P Note: these questions also appear in the Problem-Solving Survival Guide.

S Note: these questions also appear in the Study Guide.

 

MULTIPLE CHOICE—CPA Adapted

                Description

                d             105.        Calculate selling expenses.

                a              106.        Calculate general and administrative expenses.

                a              107.        Calculate selling expenses.

                a              108.        Calculate general and administrative expenses.

                d             109.        Calculate cost of goods manufactured.

                c              110.        Calculate income before extraordinary item.

                a              111.        Determine extraordinary loss.

                b             112.        Determine infrequent gains not extraordinary.

                a              113.        Determine infrequent losses not extraordinary.

                b             114.        Identification of prior period adjustment.

 

 

 

EXERCISES

                Item      Description

                E4-115   Definitions.

                E4-116   Terminology.

                E4-117   Income statement disclosures.

                E4-118   Calculate net income from change in stockholders’ equity.

                E4-119   Calculate net income from change in stockholders’ equity.

                E4-120   Income statement classifications.

                E4-121   Income statement relationships.

                E4-122   Multiple-step income statement.

                E4-123   Classification of income and retained earnings statement items.

 

 

PROBLEMS

                Item      Description

                P4-124  Multiple-step income statement.

                P4-125  Income statement form.

                P4-126  Multiple-step income statement.

                P4-127  Single-step income statement.

                P4-128  Income statement and retained earnings statement.

                P4-129  Irregular items and financial statements.

 

 

CHAPTER LEARNING OBJECTIVES

                1.            Understand the uses and limitations of an income statement.

                2.            Prepare a single-step income statement.

                3.            Prepare a multiple-step income statement.

                4.            Explain how to report irregular items.

                5.            Explain intraperiod tax allocation.

                6.            Identify where to report earnings per share information.

                7.            Prepare a retained earnings statement.

                8.            Explain how to report other comprehensive income.

 

SUMMARY OF LEARNING OBJECTIVES BY QUESTIONS

Item      Type      Item      Type      Item      Type      Item      Type      Item      Type      Item      Type      Item      Type

Learning Objective 1

1.            TF           4.            TF           23.          MC         26.          MC         29.          MC         116.        E              119.        E

2.            TF           21.          MC         S24.        MC         27.          MC         30.          MC         117.        E                             

3.            TF           22.          MC         S25.        MC         28.          MC         115.        E              118.        E                             

Learning Objective 2

5.            TF           31.          MC         70.          MC         72.          MC                                                                                        

6.            TF           32.          MC         71.          MC         127.        P                                                                                            

Learning Objective 3

7.            TF           34.          MC         P38.       MC         76.          MC         108.        MC         121.        E              126.        P

8.            TF           35.          MC         73.          MC         105.        MC         109.        MC         122.        E              128.        P

9.            TF           S36.        MC         74.          MC         106.        MC         110.        MC         123.        E                             

33.          MC         P37.       MC         75.          MC         107.        MC         120.        E              124.        P                            

Learning Objective 4

10.          TF           41.          MC         47.          MC         80.          MC         110.        MC         123.        E                             

11.          TF           42.          MC         48.          MC         81.          MC         111.        MC         124.        P                            

12.          TF           43.          MC         S49.        MC         82.          MC         112.        MC         125.        P                            

13.          TF           44.          MC         77.          MC         83.          MC         113.        MC         126.        P                            

39.          MC         45.          MC         78.          MC         84.          MC         115.        E              127.        P                            

40.          MC         46.          MC         79.          MC         108.        MC         116.        E              128.        P                            

Learning Objective 5

14.          TF           52.          MC         85.          MC         88.          MC         124.        P             127.        P      &n

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