Joc Oil USA‚ Inc. v. Consolidated Edison Company of New York‚ Inc.(Con Ed)‚ is a case that involved 3 parties – Joc Oil‚ Inc.‚ an American oil company who entered into a contract to supply low-sulfur fuel to Con Ed ( the second party) after Joc Oil purchased the low- sulfur fuel from an Italian refinery( the third party). This case According to Cheeseman (2013)‚ the facts of the case indicate that on January 24‚ 1974 Joc Oil entered into a sales contract with Con Ed whereby it was agreed that
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ABC INC‚ Hiring Issues and Employee negligence Tyler Steinle Not using good time management and scheduling sets everyone up for failure. If you are in charge of managing people and delegating work that needs to be completed‚ make sure you set due date and standard requirements. If you let people fail you they most likely will and then you are held accountable for not completing the take at hand. Carl had plenty of time to get everything for the new trainees on track‚ not having all their
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Unit 24 safeguarding Awareness of disclosure procedures The main aim of the procedure is to give clear guidance and direction. Which means being aware of any problems and addressing all concerns that the child may have it also requires trustees which can enable you to learn more about the child’s needs. But this can only be done by taking steps within their power. Empowering children and young people Empowering children and young people involves having a big influence on the decisions and also
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According to the study based on Livent‚ Inc.- An Instructional Case‚ The former senior management of Livent engaged in a multi-faceted and fraud accounting since eight years. As a further result of the scheme‚ Drabinsky and Gottlieb’s elaborated their Fraudulent Kickbacks‚ Fraudulent Manipulation of Livent’s Books and Records to accomplish in quarterly periods and meet the earnings which they provided to Wall Street analysts. Further more three Accounting Manipulations were found by transferring
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Indian Accounting Standard (Ind AS) 24 Related Party Disclosures CONTENTS PARAGRAPHS OBJECTIVE 1 SCOPE 2-4B PURPOSE OF RELATED PARTY DISCLOSURES 5-8 DEFINITIONS 9-12 DISCLOSURES All entities 13-24A Government-related entities 25-27 ILLUSTRATIVE EXAMPLES APPENDIX 1 Comparison with IAS 24‚ Related Party Disclosures Indian Accounting Standard (Ind AS) 24 Related Party Disclosures (This Indian Accounting Standard includes paragraphs set in bold type and plain type‚ which have equal
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Case 1.8 Crazy Eddie‚ Inc. Case Summary: At age of 16‚ in 1978‚ Eddie Antar opened Crazy Eddie Inc in New York City. This was an electronics store where leadership positions were assumed by family and relatives. Their excellent advertising techniques through radio and their cut rate prices allowed the company to become “transhipper”‚ selling goods to other electronic retailers in NYC area. Crazy Eddie Inc went public in 1986 in order to finance expansion program and in that year‚ it was
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Case 1-1: Ribbons an’ Bows‚ Inc. Note: This case is unchanged from the Twelfth Edition. Approach This is an introductory case and it should be taught as an introductory case. There will be plenty of time in the course for the students to learn the correct form of financial statements and details of accounting standards. In short‚ the instructor should be prepared to allow a variety of formats for the financial statements and tolerate some “not quite correct” accounting. The instructor
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Subject : Financial Accounting Ⅱ Lease agreement between NeedsLease and HasSpace NeedsLease is renting a space for its corporate office from HasSpace by entering into a lease agreement. The agreed lease term is for 10 years and there is no option to renew nor is the ability to negotiate renewal of the term. According to ASC 840 (5F of statement 13)‚ the lease is classified as operating lease. The agreement includes two provisions that may require NeedsLease to perform certain activities at its
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Principles of safeguarding and protection in health and social care (HSC 24) Section 1 How to recognise sign of abuse Physical abuse happen when is involved contact planned to cause bodily harm‚ feelings of intimidation. The signs are physical suffering or injury‚ injuries that are the shape of objects‚ injuries in a variety of stages or injuries that have not received medical attention. A person is being taken too many times or different places to receive medical attention‚ skin infections
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Case 6-3 chapter 6 Financial Statement Analysis 10th k.r. subramanyam john j. wild On September 16‚ 20X8‚ Toys “R” Us [ToysRUs.Com]‚ the world’s largest toy seller‚ announced strategic initiatives to restructure its business. The total cost to implement these initiatives yielded a charge of $508 million‚ which exceeded operating earnings from the prior year. The $508 million charge consisted of costs to close and/or downsize stores‚ distribution centers‚ and administrative functions to streamline
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