Bond Law Review Volume 10 | Issue 2 Article 6 12-1-1998 Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications Damien Murphy Follow this and additional works at: http://epublications.bond.edu.au/blr Recommended Citation Murphy‚ Damien (1998) "Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications‚" Bond Law Review: Vol. 10: Iss. 2‚ Article 6. Available at: http://epublications.bond.edu.au/blr/vol10/iss2/6 This
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3. Principles on which vicarious liability is based The doctrine of vicarious liability is based on principles which can be summed up in the following two maxims : (a) Qui facit per alium facit per se :- The maxim means‚ ‘he who acts through another is deemed in deemed in law as doing it himself’. The master’s responsibility for the servant’s act had also its origins in this principle. The reasoning is that a person who puts another in his place to do a class of acts in his absence‚ necessarily
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PROPERTY‚ LIABILITY AND PECUNIARY LOSS INSURANCE(PLPLI) PU‚ BBA-BI 6th Semester By Baikuntha Raj Timasina MBA‚ BEd TU Fire Insurance 2 Fire is a magnificent servant but a terrible master Insurance that is used to cover damage caused by fire is fire insurance Specified form of property insurance‚ designed to cover the cost of replacement‚ reconstruction or repair Policy cover damage to the building itself and may also cover the damage to nearby structure‚ personal property and expenses
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Individual Text Assignment Chapters 5‚ 6‚ and 7 Karen L. Spencer ACC/491 Contemporary Auditing I December 3‚ 2012 Kimberly Jordan‚ MBA Individual Text Assignment Chapters 5‚ 6‚ and 7 Chapter 5 Comprehensive Question 5-30 (Assertions) In planning the audit of a client’s financial statements‚ an auditor identified the following issues that need attention. Required Identify the assertion for items 1 through 11. 1. The allowance for doubtful accounts is fairly presented in amount
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ACC/349 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions‚ which are related to each week’s objectives. Highlight the correct response‚ and then refer to the answer key at the end of this study guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar
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acc 561 final exams help FOR ANSWERS Visit: http://finalexamguideline.com/ACC-561-FINAL-EXAM-2-08.htm ) According to the Financial Executives Institute‚ one function of controllership is _____. 2) Performance reports _____. 3) Budgets _____. 4) Ethical accountants are important to society because _____. 5) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice‚ the standard of competence includes: 6) According to the Institute of
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world-class business. Which student is correct? A. Both B. Student A only C. Neither D. Student B only 3. Which of the following represents the basic accounting equation? A. Owners ’ Equity − Liabilities = Assets B. Liabilities = Assets + Owners ’ Equity C. Assets = Liabilities + Owners ’ Equity D. Assets + Liabilities = Owners ’ Equity 4. Nearly a week before Hurricane Katrina reached New Orleans‚ Wal-Mart began moving trucks and supplies into position‚ as specified in the company ’s ________ plan.
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Team D Reflection During Week Two of ACC/291 Team D’s objective was to discuss the week’s topics as outlined in the syllabus. Additionally‚ team members were to discuss any challenges or problems with the topics that may have been experienced. Below is a summary of Team D’s discussion for Week Two. Objective 2.1 Differentiate among accounts payable‚ notes payable and accrued expenses. The team’s objective was first to differentiate and explain accounts payable‚ notes payable and accrued expenses
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Summary Question Robert Baughman ACC/290 February 14‚ 2013 Wayne Moore Summary Question Accounting systems vary from company to company. However‚ most companies depend on Generally Accepted Accounting Principles (GAAP). These principles keep every company using a standardized system of accounting. Therefore‚ if a financial institution or investor desires to see specific information about a company the financial officer will be able to read those books clearly
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Financial Statements Paper Your Name Principles of Accounting – ACC/280 Date Instructor Name Financial Statements Paper The purpose of accounting is to provide a means of reporting‚ recording‚ summarizing‚ and interpreting economic data within an organization. Accounting is used by everyone in one form or another. Everyone should have a basic understanding of accounting as it could be extremely beneficial to everyone. Within every company there should be an accounting department
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