Accounting 100

Accrual basis – Transactions are reported in the period they belong.
Normal balance – side that increases
Dividends appear on the – statement of retained earnings
work in process – that portion of manufactured inventory that has begun the production process but is not yet complete
prepaid expense adjustment – requires the allocation of a previously paid and recorded cost between the current and future periods
Equity – The difference between a company's assets and liabilities, representing the share of assets that is claimed by the company's owners
Choose one of the following and write at least 300 words on the topic.  Answers will be graded on accuracy and specific details.   Discuss two important ways that the Italian Baroque and Northern Baroque styles of painting differed, and how those differences related to their respective cultures. Use a painting from each style as an example. OR Compare a neoclassical or Enlightenment era painting to a Romantic painting, discussing the contrasting values that are demonstrated in each (choose paintings not discussed in detail in a lecture).
Financial Reports – summarized info about the financial status of a business
withdrawls – assets taken out of a business for the owner's personal use
corporation – org. under state/fed. as separate legal taxable entity (20% of businesses)
Chооse оne of the following аnd write аt leаst 300 words on the topic.  Answers will be graded on accuracy and specific details.   Discuss two important ways that the Italian Baroque and Northern Baroque styles of painting differed, and how those differences related to their respective cultures. Use a painting from each style as an example. OR Compare a neoclassical or Enlightenment era painting to a Romantic painting, discussing the contrasting values that are demonstrated in each (choose paintings not discussed in detail in a lecture).
At the end of the week, all credit card slips are gathered together, sorted by issuing bank, and mailed individually to each of the banks to collect payment. – False

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