Ac550

CA1-1 1) True 2) False; Any company that is claiming compliance with GAPP must comply with all standards and interpretations , this includes disclosure requirements 3) True 4) False; The FASB should be held trustworthy to the needs and view points of the entire economic company non just the public accounting precept and it also should lock in full view of the public. CA1-3 1) (d) 2) (d) 3) (d) 4) (a) 5) (a) 6) (b) 7) (d) 8) (b) E2-5 a) Gains, Losses b) Liabilities c) Investment by owners, schoolwide income d) Distribute to owners e) Comprehensive income f) Asset g) Comprehensive income h) tax, depreciates i) fair play j) Revenue k) dispersal to owners l) Comprehensive income E2-7 a) Historical cost doctrine b) Full disclosure dogma c) matching principle d) corporeality e) Industry practices f) Economic e ntity assumptions g) Full disclosure principle h) Revenue recognition principle i) Full disclosure principle j) interconnected principle k) Economic entity principle l) Periodicity assumption m) integrated principle n) Historical cost principle o) Matching principle E3-1 April 2 Cash .30,000 Equipment .14,000 Christine ewing bang-up.

44,000 April 3 Supplies..700 Accounts payable700 April 7 Rent put down .600 Cash.600 April 11 Accounts receivable.1,100 assure out gross1,100 April 12 Cash3,200 Unearned go3,200 April 17 Cash.2,300 get serv ices.2,300 April21 Insurance expense.. 110! Cash.110 April30 Salaries expense..1,160 Cash..1,160 E3-5 Depreciation.750 hoard depreciation750 Rent revenue.3000 Unearned...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper