Theory Accounting Case 8.1 Simon Romario (023121023) Purwanto Gozali (02312132) Endah Puspitasari (023121065) 1. The article states that the US standard setter FASB requires companies to record a provision in relation to environmental cost of retiring assets (to reserve environmental liabilities) if its fair value could be reasonably estimated. How do you think companies would go about estimating such a provision? Estimation (or estimating) is the process of finding an estimate
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Accounting Cycle Paper Every business small‚ medium or large uses an accounting cycle to collect and process transactions from events to prepare financial statements to interested parties. The accounting cycle consist of eight steps (1) analyzing transactions and other events‚ (2) journalizing‚ (3) posting; (4) preparing trail balance‚ (5) adjusting entries‚ (6) preparing adjusting trial balance; (7) preparing financial statements; and (8) closing process (Kieso‚ Weygandt‚ & Warfield‚ 2007‚ p. 93)
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In Murray’s article‚ he argues about the value of the college education. It has been widely accepted that four years on a college campus is a desirable way for young people to make the transition from adolescence to adulthood. But murray thinks the idea is not right. First‚ most people think that obtaining a BA will help them get a higher-paying job. It is partly true. For some jobs like biomedical‚ physics‚ it’s the knowledge learned from the process of getting a BA helps them get a higher paying
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Consumer: Clayton Murray‚ 42 year old married male. The evaluation of this client will focus on identifying his vocational strengths and limitations‚ possible employment opportunities and level of employability. Disability: In 7th grade‚ based on the results of WISC-R‚ Clayton was diagnosed with functional intellectual disability. Mr. Murray also received a diagnosis of Inadequate Personality Disorder or Immature Personality. Additionally‚ he has lower back pain from a surgery 3 years ago. Functional
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taxed the same as zero coupons. The only difference is that the holder of a zero-coupon bond does not receive cash payment until maturity. In any case‚ every year the issuer will send a statement telling you how much interest accrued to the bond that year. In the case‚ the bond is amortized semiannually‚ accruing interest and taxes each year. 3. A- The company uses an investment banker as an intermediary to issue shares on the open market because bonds can only be issued to the public through
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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I think Paul and Connie are alike in so many ways especially because they were both teenagers who had a special love for music. One of the way I think they were alike is that they both had great and very vivid imagination. In the story Where are you going‚ Where have you been‚ Connie spent some of her summer‚ “thinking and dreaming about the boys she meet‚ But all the boys fell back and dissolved into a single face that was not even a face‚ but an idea‚ a feeling.” This clearly indicates her how
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Paul’s Case Willa Carter’s Paul’s Case suggests that ambitious goals tend collapse in the confrontation of reality when shortcuts are made. In the city of Pittsburgh‚ where the new industrial age brings hard work and honest livings‚ Paul feels surrounded by the dull life that lay before him. With his artistic spirit and eagerness to live more extravagantly‚ instead of working towards that dream by finishing school and earning his way to the top‚ he makes a foolish decision and loses everything
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11/30 Paul’s Case Paul’s Case is about a young‚ Calvinist man who did not feel that he belonged in his life. He lived on Cordelia Street in Pittsburgh‚ PA. Cordelia Street was littered with cookie cutter houses‚ suburbanite-like city-dwellers‚ and a general aura of despair. Paul’s room was no different. Paul felt that his abusive father‚ uncaring teachers‚ and classmates who misunderstand him aren’t worthy of his presence and company. One of the reasons Paul may not have fit in was
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Cather’s short story Paul’s case is an example of how an individual’s society‚ environment‚ and culture can affect the person psychologically and mentally. The beginning of the story provides an example of how Paul’s presence is felt around other people‚ “In one way and another‚ he had made all his teachers‚ men‚ and women alike‚ conscious of the same feeling of physical aversion” (195). An analysis of the story’s conflict and characters will inform you more about Paul and his story. The only thing
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