Professional Documents
Culture Documents
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-1
(10 min.)
a. What forms of organization will enable the owners of Hudson Signs, Inc., to limit their risk of
loss to the amounts they have invested in the business?
b. What form of business organization will give Alley Hudson the most freedom to manage the
business as she wishes?
c. What form of organization will give creditors the maximum protection in the event that
Hudson Signs, Inc., fails and cannot pay its debts?
Solution:
c. Partnership. If the partnership fails and cannot pay its liabilities, creditors
can force the partners to pay the business's debts from their personal
assets. A partnership affords more protection for creditors than a
proprietorship because there are two or more owners to share this liability.
Chapter 1: The
Chapter 1: TheFinancial
FinancialStatements
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FINANCIAL
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-2
(5 min.)
Solution:
Chapter 1: The
Chapter 1: TheFinancial
FinancialStatements
Statements Page
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64
FINANCIAL
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-3
(5-10 min.)
a. Inflation has been about 2.5% for some time. Village Realtors is considering
measuring its land values in inflation-adjusted amounts.
b. You get an especially good buy on a laptop, paying only $300 when it normally costs
$800. What is your accounting value for this laptop?
c. Burger King, , the restaurant chain, sold a store location to McDonald’s. How can
Burger King determine the sale price of the store—by a professional appraisal, Burger
King’s original cost, or the amount actually received from the sale?
d. General Motors wants to determine which division of the company—Chevrolet or
Cadillac—is more profitable.
Solution:
a. Stable-monetary-unit assumption
c. Historical cost principle; the sale price is the amount actually received
from the sale
d. Entity assumption
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FinancialStatements
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FINANCIAL
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-4
(10 min.)
Chapter 1: The
Chapter 1: TheFinancial
FinancialStatements
Statements Page
Page4 4ofof64
64
FINANCIAL
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-5
(5 min.)
1. If you know the assets and the equity of a business, how can you measure its
liabilities? Give the equation.
2. Use the accounting equation to show how to determine the amount of a company’s
stock-holders’ equity. How would your answer change if you were analyzing your own
household?
Solution:
Chapter 1: The
Chapter 1: TheFinancial
FinancialStatements
Statements Page
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FINANCIAL
FINANCIALACCOUNTING
ACCOUNTING- Twelfth Edition
- Twelfth Edition
S 1-6
(5 - 10 min.)
Classify the following items as an asset (A), a liability (L), or stockholders’ equity (S) for
Target Corporation, a large retailer:
Solution:
a. A
b. L
c. A
d. A
e. L
f. L
g. S
h. A
i. L
j. A
k. A
l. S
Chapter 1: The
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FinancialStatements
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competition with theirs, and who will prize more highly the pleasure
he receives than that he may be capable of bestowing—such a man
appears to me, in the essentials of character, a brute. The brutes
commonly seek the satisfaction of their propensities with straight-
forward selfishness, and never calculate whether their companions
are gratified or teased by their importunities. Man cannot assimilate
his nature more closely to theirs, than by imitating them in this.
Again. There is no instinct in regard to which strict temperance is
more essential. All our animal desires have hitherto occupied an
undue share of human thoughts; but none more generally than this.
The imaginations of the young and the passions of the adult are
inflamed by mystery or excited by restraint, and a full half of all the
thoughts and intrigues of the world has a direct reference to this
single instinct. Even those, who like the Shakers, ‘crucify the flesh,’
are not the less occupied by it in their secret thoughts; as the Shaker
writings themselves may afford proof. Neither human institutions
nor human prejudices can destroy the instinct. Strange it is, that men
should not be content rationally to control, and wisely to regulate it.
SEXUAL WEAKNESS
After seven months of pregnancy the fœtus has all the conditions
for breathing and exercising its digestion. It may then be separated
from its mother, and change its mode of existence. Child-birth rarely,
however, happens at this period: most frequently the fœtus remains
two months longer in the uterus, and it does not pass out of this
organ till after the revolution of nine months.
Examples are related of children being born after ten full months
of gestation; but these cases are very doubtful, for it is extremely
difficult to know the exact period of conception. The legislation in
France, however, has fixed the principle, that child-birth may take
place up to the two hundred and ninety-ninth day of pregnancy.
Nothing is more curious than the mechanism by which the fœtus is
expelled; everything happens with wonderful precision; all seems to
have been foreseen, and calculated to favor its passage through the
pelvis and the genital parts.
The physical causes that determine the exit of the fœtus are the
contraction of the uterus and that of the abdominal muscles; by their
force the liquor amnii flows out, the head of the fœtus is engaged in
the pelvis, it goes through it, and soon passes out by the valve, the
folds of which disappear; these different phenomena take place in
succession, and continue a certain time; they are accompanied with
pains more or less severe; with swelling and softening of the soft
parts of the pelvis and external genital parts, and with an abundant
mucous secretion in the cavity of the vagina. All these circumstances,
each in its own way, favor the passage of the fœtus. To facilitate the
study of this action, it may be divided into several periods.
The first period of child-birth.—It is constituted by the precursory
signs. Two or three days before child-birth a flow of mucus takes
place from the vagina, the external genital parts swell and become
softer; it is the same with the ligaments that unite the bones of the
pelvis; the mouth of the womb flattens, its opening is enlarged, its
edges become thinner; slight pains, known under the name of flying
pains, are felt in the loins and abdomen.
Second period.—Pains of a peculiar kind come on; they begin in
the lumbar region, and seem to be propagated towards the womb or
the rectum; and are renewed only after intervals of a quarter or half
an hour each. Each of them is accompanied with an evident
contraction of the body of the uterus, with tension of its neck and
dilatation of the opening; the finger directed into the vagina
discovers that the envelopes of the fœtus are pushed outward, and
that there is a considerable tumor, which is called the waters; the
pains very soon become stronger, and the contraction of the uterus
more powerful; the membranes break, and a part of the liquid
escapes; the uterus contracts on itself, and is applied to the surface of
the fœtus.
Third period.—The pains and contractions of the uterus increase
considerably; they are instinctively accompanied by the contraction
of the abdominal muscles. The woman who is aware of their effect is
inclined to favour them, by making all the muscular efforts of which
she is capable: her pulse then becomes stronger and more frequent;
her face is animated, her eyes shine, her whole body is in extreme
agitation, and perspiration flows in abundance. The head descends
into the lower strait of the pelvis.
Fourth period.—After some moments of repose the pains and
expulsive contractions resume all their activity; the head presents
itself at the vulva, makes an effort to pass, and succeeds when there
happens to be a contraction sufficiently strong to produce this effect.
The head being once disengaged, the remaining parts of the body
easily follow, on account of their smaller volume. The section of the
umbilical cord is then made, and a ligature is put around it at a short
distance from the umbilicus or navel.
Fifth period.—If the midwife has not proceeded immediately to the
extraction of the placenta after the birth of the child, slight pains are
felt in a short time, the uterus contracts freely, but with force enough
to throw off the placenta and the membranes of the ovum; this
expulsion bears the name of delivery. During the twelve or fifteen
days that follow child-birth the uterus contracts by degrees upon
itself, the woman suffers abundant perspirations, her breasts are
extended by the milk that they secrete; a flow of matter, which takes
place from the vagina, called lochia, first sanguiferous, then whitish,
indicates that the organs of the woman resume, by degrees, the
disposition they had before conception.
MANAGEMENT OF LABOR.