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Generally Accepted Accounting Principles-GAAP: GAAP is an Americanized term for the accounting standards and procedures that need to be followed by companies while compiling their
Define the barter system with examples where payment is made in kind instead of cash. A barter system whereby the payment for purchases is made in kind instead of, in cash. i.e.
opened a business each contributing %60,000 cash to the company and receiving a capital stock for their investment
How important a role do you think IT will play in the conversion process from GAAP to IFRS? Manager 1: Earlier, we never expected the new rules to have such an impact on the
EXERCISE 3-12 Computing Predetermined Overhead Rates and Job Costs [LO1,LO2, LO3, LO7] Kody Corporation uses a job-order costing system with a plantwide overhead rate based on ma
1. What is Single Entry System? Ans. In Accounting, The program under which only one part of entrance or bookkeeping go is registered is known as single Entry System, they ar
Semiannual coupon = 10%*$100/2 = $5 Since it is one-year semiannual bond, it pays two coupons, one at six months from now and the other at maturity when the bank account will be
Nuclear force Is a short range force extending upto 10 fm. It is fifty-sixty times stronger than electromagnetic force. Nuclear force is independent of charge. Nuclear force betw
explanation
(b) P(X = 8)
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