...STUDENT CASES to accompany Accounting & Auditing Research: Tools & Strategies, 7e NOTE: In addition to the in-chapter and end-of-chapter exercises which serve as short cases you will find the following short cases arranged by course title that can also be utilized as short cases that require the student to access the authoritative literature to address the issue presented in the case. Solutions to the cases below are available to instructors on the Weirich Accounting & Auditing Research 7e instructor website at www.wiley.com/college/weirich. Other excellent sources of longer and more detailed cases include the Deloitte Trueblood cases (www.deloitte.com/more/DTF/cases_subj.htm), as well as the AICPA cases (www.aicpa.org). Topical Index of Student Cases INTERMEDIATE ACCOUNTING Case 1: Reporting acquisition and repayment transactions in the Statement of Cash Flows Case 2: Recording a forfeited payment Case 3: Revenue and expense recognition associated extended warranties Case 4: Accounting for “due on demand” note payable Case 5: Purchase of a controlling interest with a greenmail premium Case 6: Revenue recognition in the construction industry Case 7: Accrual and measurement of interest payments Case 8: Recognition of an asset transfer when title has not yet been received Case 9: Capitalization of interest and property taxes on a construction project Case 10: Deferred compensation and life insurance policy recognition Case...
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...Have Western liberal democracies effectively responded to challenges to their power? In your answer, refer to at least one internal and one external challenge. Introduction In 1989 political scientist Francis Fukuyama declared “the end of history.”[1] Despite his language, Fukuyama was not an apocalyptic religious fundamentalist awaiting the rapture, but rather, he saw with the collapse of the Soviet Union the ultimate and final triumph of liberal democracy. Fukuyama draws on Marxist and Hegelian interpretations of the narrative of history as one of progress, in this case with its apex at the liberal democracy best represented by the United States of America. The triumphalism of this context may seem naïve in a post-9/11 world, but it should be seen in its original context of the decades long cold war between the US (and its allies) and the Soviet Union. These two sides came to represent an ideological conflict rather than a purely physical one, between liberal capitalist democracy and authoritarian communism, between free enterprise and central planning. Liberal democracy emerged victorious economically, politically and, Fukuyama would argue, philosophically. However, Fukuyama would be hard pressed to defend his near-eschatological optimism today, and Marxist critic Terry Eagleton has said that “the End of History is at an end.”[2] Rather than the comparatively monolithic opposition it experienced in the 20th Century, today the political dominance of liberal democracy is...
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...because forces are measured using laboratory experiments in the simplest of ways. Kuhn believed that there were three stages to developing a paradigm. The first stage is a pre-science where there is no common understanding of the subject criteria, or there are too many different approaches, with too many alternative research methods. The next stage is a normal science where there is a unified set of beliefs and values which are commonly agreed on by all and researchers decide on what to research. The final stage of developing a paradigm is revolution which is a set paradigm that has experience paradigm shifts meaning that the focus of research has changed direction. In Kuhn’s opinion, psychology was a pre-science due to there not being one unifying theory of what psychology is about. Instead there are several different approaches, all of which...
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...chiefly responsible for the outbreak of World War One? Use the sources to answer the question. Germany's aggressive actions were significantly responsible for the out break of World War One. There were many factors and events that played a part but the main one is preparation for war. By 1913, the fact that Germany felt threatened by the upcoming and inevitable war suggests that they were the ones responsible for the outbreak, especially due to all the aggressive actions done. Source 2 states that this conclusion is correct, and that it was Germany's aggressive actions that caused, the outbreak, especially from 'pushing Austria into a premature declaration of war'. Source 3 on the other hand suggests that it has been exaggerated over time the extent that Germany were aggressive and that it was more tactical that it was aggressive. Source 1 sits on the fence slightly, with it just edging towards deciding that Germany were aggressive in their actions. Source 1, written by Blackburn, suggests that although Germany would have preferred to get what they wanted without war, then that would have been the way they would have gone. However, Blackburn contradicts himself when he says that their actions had done a lot create tensions suggesting that it was aggressive actions that were a responsibility of the outbreak of the 1914 war. Blackburn states that Bethmann-Hollweg was a sensitive man who would rather shy away from war than start one, but it was shown in the War Council meeting of...
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...consists ofAnswer | | | | | Selected Answer: | M1 plus amounts in savings accounts, money-market mutual funds (held by individuals), and small time deposits (under $100,000). | Correct Answer: | M1 plus amounts in savings accounts, money-market mutual funds (held by individuals), and small time deposits (under $100,000). | | | | | * Question 2 0 out of 4 points | | | A mechanism by which a short-term loan is made, allowing a shopper to purchase goods or services today and pay at a later date, is known as a ________ card.Answer | | | | | Selected Answer: | debit | Correct Answer: | credit | | | | | * Question 3 4 out of 4 points | | | A type of inside money that allows a shopper to prepay some amount and then spend it at will is a ________ card.Answer | | | | | Selected Answer: | stored-value | Correct Answer: | stored-value | | | | | * Question 4 0 out of 4 points | | | A weighted average of the components of M1 and M2, with the weights dependent on the interest rates of each component, is known asAnswer | | | | | Selected Answer: | a simple-sum monetary aggregate. | Correct Answer: | a Divisia monetary aggregate. | | | | | * Question 5 0 out of 4 points | | | Money created in the private sector, such as checking accounts at banks, isAnswer | | | | | Selected Answer: | outside money. | Correct Answer: | inside money. | | | | | * Question...
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... _______________ refers to the relative ranking of an individual in a group. Selected Answer: Correct Status Correct Answer: Correct Status Question 2 1 out of 1 points According to research, approximately what number of words can people effectively listen to in a minute? Selected Answer: Correct 600 Correct Answer: Correct 600 Question 3 1 out of 1 points Listening is a(n) _______________ skill in managers. Selected Answer: Correct developed Correct Answer: Correct developed Question 4 1 out of 1 points _______________ means putting oneself, figuratively, in another person's place. Selected Answer: Correct Empathy Correct Answer: Correct Empathy Question 5 1 out of 1 points What is the first step in the communication process? Selected Answer: Correct encoding Correct Answer: Correct encoding Question 6 1 out of 1 points The company culture at Kimberly’s workplace is one of fun and creativity. She was told that she could paint her office any color she wanted. Kimberly wishes to evoke feelings of joy and cheerfulness. What color should Kimberly paint her office? Selected Answer: Correct Yellow Correct Answer: Correct Yellow Question 7 1 out of 1 points All of the following relate to body language except: Selected Answer: Correct paralanguage. Correct Answer: Correct paralanguage. Question 8 1 out of 1 points Tyson is a manager at a...
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...and chemical changes in an organism is its Choose one answer. a. Organization b. Metabolism c. Development d. Responsiveness Question 2 Marks: 1 The viscera (or guts) occupy a space known as the ________ body cavity. Choose one answer. a. cranial b. ventral c. dorsal d. orbital e. vertebral Question 3 Marks: 1 A person is lying on the bed gazing at the ceiling. She is in the ________ position. Choose one answer. a. supine b. prone c. anatomical d. dorsal e. caudal Question 4 Marks: 1 The activities of an anatomist consist of ______, whereas those of a physiologist consist of _____. Choose one answer. a. observing body parts; studying functions of body parts b. conducting experiments; making microscopic examinations c. studying chemical molecules; observing forms of the body parts d. sketching; dissecting e. none of the above Question 5 Marks: 1 A collection of cells that work together designates a(n) Choose one answer. a. tissue. b. chemical. c. organ. d. organ system. e. none of the above Question 6 Marks: 1 Which of the following would not be a functional characteristic of life? Choose one answer. a. responsiveness to external stimuli b. movement c. decay d. reproduction Question 7 Marks: 1 The maintenance of a stable internal environment compatible for life is called what? Choose one answer. a. microbiology b. anatomy c. homeostasis...
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...of any database management system. Answer: True 2) The physical design is the logical design adapted to the constraints and features of the database management system. Answer: True 3) You should always try to create cross relationships between parent and tables. Answer: False 4) Naming conventions help support clarity and consistency in database design. Answer: True 5) One to one relationships between entities are valid but rare. Answer: True 6) Crow’s feet notation conveys more information about cardinality than arrow notation. Answer: True 7) In a one-to-many relationship, each row on in the primary key table can be related to any number of rows in the foreign key or child table. Answer: True 8) Cross relationships between parent and child tables can make data entry impossible. Answer: True 9) Maximum cardinality refers to the maximum number of records allowed in a table. Answer: True 10) Minimum cardinality is the smallest number of records allowed in a related table. Answer: True 11) A linking entity is an entity that is used to resolve a many to many relationship into two one too many relationships. Answer: True 12) A weak entity is dependent on another entity for its meaning. Answer: True 13) The following diagram is an example of a one-to-one relationship. Answer: False 14) The following diagram is an example of a many-to-many relationship. Answer: False 15) Many-to-many relationships are uncommon. Answer: False 16) No database management...
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...called the:Answer | | | | | Selected Answer: | compound rate of interest | Correct Answer: | effective annual rate | | | | | * Question 2 0 out of 2 points | | | The rate of interest actually paid or earned, also called the annual percentage rate (APR), is the ________ interest rate.Answer | | | | | Selected Answer: | nominal. | Correct Answer: | effective. | | | | | * Question 3 0 out of 2 points | | | When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is calledAnswer | | | | | Selected Answer: | future value. | Correct Answer: | compound interest. | | | | | * Question 4 2 out of 2 points | | | The present value of a $20,000 perpetuity at a 7 percent discount rate isAnswer | | | | | Selected Answer: | $285,714. | Correct Answer: | $285,714. | | | | | * Question 5 0 out of 2 points | | | For a given interest rate, as the length of time until receipt of the funds increases, the present value interest factorAnswer | | | | | Selected Answer: | increases. | Correct Answer: | decreases. | | | | | * Question 6 2 out of 2 points | | | If $1,000 were invested now at a 12% interest rate compounded annually, what would be the value of the investment in two years?Answer | | | | | Selected Answer: | $1,254 | Correct Answer: | $1,254 | | | | | * Question 7 ...
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...listening test booklet and try to get a general understanding of what the sections are going to be about – even this simple type of prediction will help you. 2. As you scan through the booklet, look for maps, charts or illustrations – these often give you a good idea of what the topic of a section is going to be about. 3. After each section you are given one minute to check your answers. But how can you check your answers if you can’t listen to the tape again? Use this time to scan and get an idea of what the next set of questions are going to be about. 4. Occasionally, you can get an idea about answers to earlier questions by reading later questions. For example: Question 1: “Where are they going?” Question 10: “What time are they coming home from the cinema?” Obviously, there’s a good chance that the answer to Question 1 is ‘Cinema’. However, you still need to listen to check. Often though, listening to check your predictions is easier than trying to listen for the answer on the tape. 6. Sometimes you are asked to complete a table or a chart using information on the tape. It’s natural to think that answers will be...
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...passenger during a driving simulation and record how many words they say during "dangerous" scenarios. All 20 participants are 18, but only half of them have a driver's license. What statistical test would we use to compare the number or words spoken for people with and without licenses. | | | | | Selected Answer: | Independent samples t test | Answers: | Dependent samples t test | | Independent samples t test | | | | | * Question 2 10 out of 10 points | | | We want to know how having kids affects happiness. We surveyed 100 couples that were expecting a child in the next three months. We went back and surveyed those same 100 couples one year later. What test would we use to compare their previous scores with their current scores? | | | | | Selected Answer: | Dependent samples | Answers: | Dependent samples | | Independent samples | | | | | * Question 3 10 out of 10 points | | | We are doing a dependent samples t-test and we're in the middle of step 4 of our null hypothesis test. We determined that D̅ = .25, SD̅ = .05, n = 9Calculate tD/ SD= Answer | | | | | Selected Answer: | 5 | Answers: | 5 | | 15.006 | | .0166 | | None of the above | | | | | * Question 4 10 out of 10 points | | | I just used Excel to do a two-tailed dependent samples t-test and it gave me the output that I pasted below. How would I list the results of my t-test? Hypothesized...
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...|Quiz | | |1 | | • [pic]Question 1 0 out of 2 points | | | |[pic] |Which of the following is incorrect with respect to the use of models in decision making? | | | | | |Answer | | | | | |Selected Answer: | | | | | |[pic] | | | | | |they are generally easy to use | | | | | | | | | | | |Correct Answer: | | | | | |[pic] | | | | | |they promote subjectivity in decision making ...
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...a localized area is known as a(n) ____.Answer | | | | | Selected Answer: | endemic | Correct Answer: | endemic | | | | | Question 2 5 out of 5 points | | | A disease or condition that affects a greater than expected (normal) number of individuals within a population, community, or region at the same time is referred to as an ____.Answer | | | | | Selected Answer: | epidemic | Correct Answer: | epidemic | | | | | Question 3 0 out of 5 points | | | HIV, the virus that causes AIDS, is currently a ____.Answer | | | | | Selected Answer: | modifiable risk factor | Correct Answer: | pandemic | | | | | Question 4 0 out of 5 points | | | The biological cause of a problem or disease is known as ____.Answer | | | | | Selected Answer: | agent | Correct Answer: | etiology | | | | | Question 5 0 out of 5 points | | | Social epidemiology studies ____.Answer | | | | | Selected Answer: | the effect of the environment on human health | Correct Answer: | the effect of community socioeconomic factors on health | | | | | Question 6 5 out of 5 points | | | Physical, biological, social, cultural, and behaviors that influence health are known as ____.Answer | | | | | Selected Answer: | determinants | Correct Answer: | determinants | | | | | Question 7 5 out of 5 points | | | One of the important concepts from the Nuremberg...
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...MINING AND DATA WAEHOUSING POSSIBLE OBJECTIVE TYPE QUESTIONS & ANSWERS 1. Data scrubbing is the A. process of rejecting the data in the data warehouse and to create the necessary indexes B. process of accepting the data from the data warehouse and to create the necessary indexes C. A process to upgrade the quality of data before it is moved into a data warehouse D. A process of upgrading the quality of data after it is moved into a data warehouse ANSWER : C 2. The architecture of Active data warehouse includes which of the following? A. Closer to real-time updates B. As a minimum of one data mart C. Data that can extracted from numerous internal and external sources D. All of the above. ANSWER : D 3. An operational system which means...
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...characteristic of a small business? Choose one answer. a. Provides goods and/or services to customers b. Provides society with social or educational services without concern for making a profit c. Establishes goals and meets them in an efficient manner d. Helps the economy by employing people e. Has 500 or fewer employees Question2 Marks: 1 What are individuals who take responsibility for the development of innovations of any kind within larger organizations called? Choose one answer. a. Crazy b. Entrepreneurs c. Inventors d. Intrapreneurs e. Engineers Question3 Marks: 1 Which of the following is one of the major reasons why people want to own and operate their own business? Choose one answer. a. To be their own boss b. To make a fortune c. To have complete freedom d. To have an easy life e. To eliminate all pressure Question4 Marks: 1 Choose the best answer to fill in the blank. The majority of Americans entered the business world by working for _______________, which are constantly creating jobs and providing opportunities for a vast number of workers. Choose one answer. a. Franchises b. Small businesses c. Entrepreneurs d. Sole proprietorships e. Not-for-profit organizations Question5 Marks: 1 Fill in the blank. The majority of all new jobs created in the United States in recent years were generated by _________________. Choose one answer. a. Medium businesses b. Small businesses...
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