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FPA 140 Lecture Notes - Lecture 21: Postminimalism, Erhu, Synesthesia

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ceriseox167
20 Aug 2020
School
Simon Fraser University
Department
Contemporary Arts
Course
FPA 140
Professor
Arne Eigenfeldt

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Document Summary

The current trend in music seems to be: continuation of the postmodern aesthetic. An acceptance of all styles, including modernism and popular culture. Continued exploration of modernism by both older and younger generations. There is also new music appearing from a generation of composers born around the beginning of the 1960s. This music is understood by young audiences and even enjoyed by conventional classical music audiences. When these composers (born in the 1960s) arrived on the music scene, all the big battles of the. Minimalism was becoming a thing of the past. Previously, the rifts between popular music and serious composers caused divisions between high and low art; eventual reconciliation occurred through: Outright rebellion - e. g. the minimalists rejecting the serialists. A kind of curiosity seeking - e. g. pop musicians loving classical music because they like it or because they wanted ideas. Cheerful slumming - e. g. avant-garde composer luciano berio arranging beatle songs for his wife.

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Related Questions

Bob created MNO Inc. several years ago and has owned all 10outstanding shares of MNO Inc. since the creation of MNO Inc. Thefair market value of those shares is now $50,000. Bob’s friend,Lee, owns a building having a fair market value of $80,000 and anadjusted basis to Lee of $20,000. The building is encumbered by a$30,000 mortgage. Earlier this month, Bob and Lee discussed Lee’sbecoming involved in the business of MNO Inc., and as a result ofthese discussions, Lee transferred the building to MNO Inc. and inexchange for the building, MNO Inc. transferred to Lee 10 shares ofauthorized but not previously issued stock of MNO Inc. After thetransaction there were 20 shares of stock issued and outstanding.How much gain was realized and recognized by Lee as a result ofthis transaction?

4Effect of recovering a receivable previously written off LO5-1, 5-2

The accounts receivable balance for Don’s Shoe Repair atDecember 31, 2014, was $87,000. Also on that date, the balance inAllowance for Doubtful Accounts was $3,000. During 2015, $2,300 ofaccounts receivable were written off as uncollectible. In addition,Don’s Shoe Repair unexpectedly collected $130 of receivables thathad been written off in a previous accounting period. Sales onaccount during 2015 were $218,000, and cash collections fromreceivables were $220,000. Uncollectible accounts expense wasestimated to be 1 percent of the sales on account for the period.Also on that date, the balance in Allowance for Doubtful Accountswas $3,000 and the balance in Retained Earnings was $84,000.

Required

a

Organize the information in accounts under an accountingequation. (Show effect on the accounting equation in theorder provided in the question. Enter any decreases to accountbalances with a minus sign. Select "NA" if there is no effect onthe "Accounts Titles for Retained Earnings".)

HORIZONTAL STATEMENTS MODEL

Cash + Accounts Receivable - Allowance = Liabilities + Equity orRetained Earning = Accounts title for Retained Earning

Bal.

1.

2a

2b

3

4

5


b.

Based on the preceding information, compute (after year-endadjustment):
(1) Balance of Allowance forDoubtful Accounts at December 31, 2015.
(2) Balance of AccountsReceivable at December 31, 2015.
(3) Net realizable value ofAccounts Receivable at December 31, 2015.

ALLOWANCE FROM DOUBTFUL ACCOUNTS ( )
ACCOUNTS RECEIVABLE ( )

NET REALIZED VALUE( )

c.

What amount of uncollectible accounts expense will Don’s ShoeRepair report for 2015?

UNCOLLECTIBLE ACCONTS EXPENSE ( )

4 Effect of recovering a receivable previously written off

The accounts receivable balance for Don’s Shoe Repair atDecember 31, 2014, was $87,000. Also on that date, the balance inAllowance for Doubtful Accounts was $3,000. During 2015, $2,300 ofaccounts receivable were written off as uncollectible. In addition,Don’s Shoe Repair unexpectedly collected $130 of receivables thathad been written off in a previous accounting period. Sales onaccount during 2015 were $218,000, and cash collections fromreceivables were $220,000. Uncollectible accounts expense wasestimated to be 1 percent of the sales on account for the period.Also on that date, the balance in Allowance for Doubtful Accountswas $3,000 and the balance in Retained Earnings was $84,000.

Required
a.

Organize the information in accounts under an accountingequation. (Show effect on the accounting equation in theorder provided in the question. Enter any decreases to accountbalances with a minus sign. Select "NA" if there is no effect onthe "Accounts Titles for Retained Earnings".)

Cash + Accounts Receivable - Allowance = Liabilities +Equity/Retained Earnings Accounts Titles for

Retained Earnings

1

2a

2b

3

4

5
b Based on the precedinginformation, compute (after year-end adjustment):
(1) Balance of Allowance forDoubtful Accounts at December 31, 2015.
(2) Balance of AccountsReceivable at December 31, 2015.
(3) Net realizable value ofAccounts Receivable at December 31, 2015.

ALLOWANCE FOR DOUBTFUL ACCOUNTS ( )

ACCOUNTS RECEIVABLE ( )

NET REALIZED VALUE ( )

c What amount of uncollectible accounts expense will Don’s ShoeRepair report for 2015?

UNCOLLECTIBLE ACCOUNTS EXPENSE ( )