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UNIT IV ASSIGNMENT P...
What is unemployment? State of being unemployed Types of unemployment 1. Cyclical - fluctuations in the business cycle as demand decreases so much 2. Structural - change in the demand for certain ski...

Unit IV PowerPoint Presentation
Unit IV PowerPoint Presentation

What is unemployment? State of being unemployed Ty

Discussion 3_1630358...
According to the text, the most important Indian triumph came with regard to Fort Michilimackinac. Both George Etherington and Alexander Henry have shared their accounts of the event. First let us see...

Discussion 3
Discussion 3

According to the text, the most important Indian t

week 1 Lesson 1 Disc...
The government raises money through income taxation for a variety of reasons. The first thing that comes to mind is the building and maintenance of the nation’s infrastructure. This would include but...

Lesson 1 Discussion Forum
Lesson 1 Discussion Forum

The government raises money through income taxatio

Week Two General Discussion Question

Week Two General Discussion Question

Q Reply to the following instructor's general discussion question(s) according to the discussion board guidelines. Chapter 2 illustrates the importance and structure of the conceptual framework for financial reporting: the "why", the "what", and the "how". Illustration 2.7 on page 2-22 provides a great summary. GAAP is built on this framework. Choose two items from the second or third levels of the inverted pyramid that resonate with you. Do not choose anything from the Elements section. Tell us why they resonate with you.

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The accounting assumptions, concepts, and constraints that make up GAAP are reflected in the provided conceptual framework. The two most interesting concepts to me are Monetary Unit and Cost. Monetary Unit Bookkeeping only records monetary transactions. These deals are conducted in hard currency, hence they must be recorded in ledgers. When preparing financial statements, only monetary transactions and events that can be accurately reflected in numbers are included. Appointing a competent worker is one such instance.