Estimated liabilities are a known obligation that is of an uncertain amount but that can be reasonable estimated. Common examples are employee benefits such as pensions‚ heath care and vacation pay‚ and warranties offered by a seller (Fundamental Accounting Principles‚ Chapter 11‚ Pg 437). When a firm sells products or renders services with a warranty‚ the firms has an obligation towards the customer when the warranty is honored. The warranty liability is an estimate of the obligations. Hence‚ a
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Bath Spa Univesity PERCIEVED INTELLIGENT QUOTIENT REPORT Abstract Researchers (Beloff‚ 1992; Byrd and Stacey‚ 1993) evidenced that male self–estimated IQ scores were higher than those of women. Similarly‚ Hogan‚ (1978) carried out a related study and found that male IQ self-estimates were higher compared to those of women. Hogan also noted that both men and women awarded higher IQ scores to their fathers than their mothers. In addition‚ Hogan also noted that females awarded their
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the expense of consumers. The aim of this essay is to determine whether OPEC has been a successful cartel‚ this will mean I have to examine the strengths and weaknesses of OPEC which have been present throughout their existence of supplying oil. This should allow me to make an appropriate judgement on whether OPEC has been a successful Cartel. The history of oil prices can give me important information on how well OPEC has managed to control prices: Year Crude oil prices‚ $ per barrel 1970 3 1975
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Executive Summary: There has always been a need for forensic accounting to investigate fraudulent activities for accountants and law enforcement professionals. Although there are initiatives in accounting education which focuses on the importance of accounting instructions and these initiatives also teaches students on how to learn accounting education and emphasize continuous lifelong learning and out-come –based assessment. Forensic accounting is a complex whole of accounting‚ auditing‚ economics
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billion people globally live in households with per capita incomes of under one dollar per day’‚ with ‘policymakers and practitioners who have been trying to improve the live of that billion facing an uphill battle.’(Murdoch‚1999‚p.1569); microfinance‚ and in particular micro-credit‚ has been key in the gradual alleviation of world poverty. This has been most apparent in the developing part of the world in countries such as Bangladesh (where Muhammed Yusuf founded the Grameen Bank)‚ Bolivia‚ Indonesia
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Cuba has established‚ and when looking at the political‚ economical‚ and social aspects of Cuba as it is‚ it is evident that Communism has been good for Cuba. Despite everything Cuba has going against them‚ Castro and his communist policies have benefited the economy of Cuba greatly. The U.S.A. has had an embargo placed on Cuba since the 1960’s and the Soviet Union cut off resources in the early 1990’s. Even with these 2 factors making a huge blow to the economy of Cuba‚ Fidel Castro has been able
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History Assessment: How Has WW1 Been Remembered? WW1 has‚ and always will be seen as one‚ if not the most significant war in all of history. One of the reasons for it being such a tragic event was that it was deemed at the time to have been ‘the war to end all wars‚’ however that tragically was not the case. World War One was caused by several contributing factors‚ which resulted on Britain declaring war on Germany. They are: The alliance system‚ Imperialism‚ The Naval Race‚ The Schlieffen Plan
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Surfing has been around for many years‚ in fact since 400 A.D and people are still going hard at it today and will for many more years to come. The very first surfers were the Island folk who would use the waves to get over the coral reefs and back to shore after their hard days of fishing. They found that this was the easiest and quickest way of transport over the reefs so they continued to do it for many years. As time went on the art of riding waves then developed into more of a ¡§leisure sport¡¨
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A Sport that has been played for decades. Football is among the greatest sports played in history. That’s why it’s called America’s game. However‚ in the past few years‚ the sport has become very dull and unentertaining. The NFL has implemented rules and regulations that have taken the excitement from the sport. Some changes that can counter that‚ and make things more interesting. Stop taking away celebrations out of the game‚ Add more contact (bring the sport back to a contact sport)‚ and stop calling
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This summary has been prepared to explore the different costs and funding options within InterContinental Hotels group (IHG) recognising which of these help towards reducing said costs and controlling expenditure. Sixty years down the line and IHG are a fast growing business with over 60‚000rooms globally‚ spread across 180 hotels and 51 future developments (IHGplc 2014). “We’re also expanding our brands into new markets – and in 2013‚ we opened the first Hotel Indigo in Israel‚ Spain and Hong
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