How are revenues and expenses reported on the income statement under

(b) the accrual basis of accounting?

Which accounting concept is being applied when an adjusting entry is recorded for prepaid expenses?

Does every transaction affect both sides of the accounting equation? Explain your answer.

Thought stopping, mental rehearsal, and focus training are some of the tools of the psychologist. a. experimental b. clinical c. sports d. military

Identify the four different categories of adjusting entries frequently required at the end of an accounting period.

Guillermo's physician suggested that he see a therapist for possible depression. Explain how effective each of the following might be in the treatment of his depression: • Psychiatrist • Clinical psychologist • Counselor

Describe the antigens that determine the ABO blood types. What are antibodies and antigens and how do they interact to cause a transfusion reaction? What is the clinical significance of the Rh blood group?

Identify and state two generally accepted accounting principles that relate to adjusting the accounts.

Why are agglutination tests so widely used in clinical diagnostics? How are fluorescent antibodies used to diagnose diseases? What advantages do immunofluorescent techniques have over traditional culturing?

If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain.

Using conversion factors, solve the following clinical problems: A patient needs 0.024 g of a sulfa drug. There are 8-mg tablets in stock. How many tablets should be given?

a. What is an average accounting rate of return (AAR)?
b. What are the weaknesses of the AAR rule?

Fifteen percent of the employees in a company have managerial positions, and $25$ percent of the employees in the company have MBA degrees. Also, $60$ percent of the managers have MBA degrees. Using the probability formulas,

Are the events being a manager and having an MBA independent? Justify your answer.

1. Do the previous problem using the FIFO method.

2. What are the managerial issues involved in selecting or reviewing the percentage of spoilage considered normal? How would your answer to requirement 1 differ if all spoilage were viewed as normal?