Please answer the following questions in detail... each response must be at least 50 words.

1) Adjusting Entries What step in the accounting cycle do Adjusting Entries show up How do these relate to the Accounting Worksheet? Why are they completed at the end of each accounting period? 2) Accumulated Depreciation Why is it important to track investment property, plant, and equipment? How does the Accumulated Depreciation account play into the tracking of the value of Property, Plan, and Equipment? Why is this important for decision making purposes? 3) Expenditures What is the difference between \"Revenue Expenditures\" and \"Capital Expenditures\"? Why is it important to distinguish between these two concepts in terms of the Income Statement? List an example of an item which would be labeled as a \"Capital Expenditure\" when providing repairs to either a software program or an office building? 4) Revenue Recognition Research the revenue recognition accounting principle of VSOE. Provide outside resources and cite these sources. DO NOT PLAGIARIZE THIS ASSIGNMENT. Give an overview of how this method affects revenue recognition for companies selling bundled contracts. How does this principle help a company report how it's truly performing financially? 5) Time Value of Money Why it is important for analysis purposes to consider the time value of money when making decisions. Please provide an example of where an analysis project can run into problems if the time value of money is not considered. 6) Cost of Goods Sold Answer Both Questions Below: Question A What is the Cost of Goods Sold? What financial statement does it show up on? How does it relate to the \"Matching Principle\" in accounting? Question B What would be the reason why LIFO is no longer allowed as an inventory accounting method under GAAP? Discuss the items to consider when picking out an inventory accounting system 7) Net Income and Profit How does Net Income/Profit defer from the cash balance of a business? Why is it important to collect on receivables in a timely manner