Identify the element or elements associated with the 12 items below.
a. arises from peripheral or incidental transactions.
b. obligation to transfer resources arising from a past transaction.
c. increases ownership interest.
d. declares and pays cash dividends to owners.
e. increases in net assets in a period from nonowner sources.
f. items characterized by service potential or future economic benefit.
g. equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners.
h. arises from income statement activities that constitute the entity’s ongoing major or central operations.
i. residual interest in the assets of the enterprise after deducting its liabilities.
j. increases assets during a period through sale of product.
k. decreases assets during the period by purchasing the company’s own stock.
l. includes all changes in equity during the period, except those resulting from investments by owners and distributions to owners.

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)