acquisition date. According to FASB‚ 2012‚ ASC ¶ 410-20-30-1‚ “An expected present value technique will usually be the only appropriate technique with which to estimate the fair value of a liability for an asset retirement obligation.” Since asset retirement obligation must be recognized at the acquisition of the oil platform‚ the future liability for year 2023 must be discounted to reflect the liability fair value on the acquisition date (FASB‚ 2012‚ ASC ¶ 410-20-25-4). Having determined the fair
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EMP table? A) select * from emp; 2. Display unique Jobs from EMP table? A) select distinct job from emp; B) select unique job from emp; 3. List the emps in the asc order of their Salaries? A) select * from emp order by sal asc; 4. List the details of the emps in asc order of the Dptnos and desc of Jobs? A)select * from emp order by deptno asc‚job desc; 5. Display all the unique job groups in the descending order? A)select distinct job from emp order by job desc; 6. Display all the details of all ‘Mgrs’
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Determine what factors arise in considering if a minority investor can make maintain such control or what can be done to prevent others from exercising control of the corporation. Conclusion: Though Leslie Ross holds a majority of the voting interest‚ ASC 810-10-15-10 states that if the minority investors hold substantive participating rights‚ the majority investor is limited and therefore is not in “control” of the corporation and the majority owned subsidiary may not be consolidated. If the minority
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that much easier. On May 28‚ 2014‚ a final version of these new standards were officially issued as a joint standard‚ for both FASB and IASB‚ on the recognition of revenue from contracts with customers‚ which is referred to as “ASC 2014-09” (Bramwell‚ 2014). Before ASC 2014-09‚ revenue recognition requirements for U.S. generally accepted accounting principles (GAAP) differed from the conditions set in the International Financial Reporting Standards (IFRS) in many ways. GAAP consisted of revenue
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and working capital in the “asset group”. The analysis leading us to this recommendation follows. We based our analysis on the requirements of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 360 – Property‚ Plant‚ and Equipment. ASC 360-10-20 defines an asset group to be the unit of accounting for a long-lived asset or assets to be held and used‚ which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of
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instruments that intend to manage financial risk posed by physical transactions. Chevron first discussed its financial and derivative instruments in FS-14 of its Management’s Discussion and Analysis of Financial Condition and Results of Operations. ASC 815-10-50 qualitative disclosure that an entity should disclose an entity’s objective and strategies for using derivatives‚ Chevron started by explaining the reason that it had derivatives in its investment portfolio. Then chevron introduced how it
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Accounting 6100 Group case 12-5 Keith Easterday Robin Miller Shengnan Hu Yu Cao Aren’t We Done Yet Q1‚ On the basis of the facts presented with the case overview‚ is Labco’s accounting policy for the revenue treatment of its construction contract reasonable? Answer: Under LabCo’s current Accounting Policy if reliably dependable estimates of total costs to be incurred under a specific contract cannot be made the completed-contract method shall be
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transfer‚ sell or give their equity for encumbrance. This descriptions in the narrative are in line with the definition of a VIE as per ASC 810-10. Question 2 If the Enterprise is deemed to be a VIE‚ would the WFOE (excluding any related party or de facto agency relationships) consolidate the Enterprise? The WFOE would consolidate the enterprise following ASC 810-10-25-38 because it says a reporting entity shall consolidate a VIE if the reporting entity has a variable interest that absorb a majority
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Auditor Re: The realization and valuation of DTAs Mr. CEO: The following paragraphs explain why a valuation of temporary taxable differences is necessary and how‚ with the guidance of the Accounting Standards Codification (ASC)‚ we came to this conclusion. According to ASC 740-10-30-23‚ "The more negative evidence that exists‚ the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed for some portion or all of the deferred
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New Applications Please have all your original documents and IDs photocopied before going to DFA on your appointment date. GENERAL REQUIREMENTS * Personal appearance * Confirmed appointment * Birth Certificate (BC) in Security Paper (SECPA) issued by the National Statistics Office (NSO) or Certified True Copy (CTC) of BC issued by the Local Civil Registrar (LCR) and duly authenticated by NSO. Transcribed Birth Certificate from the LCR is required when entries in NSO Birth Certificate are
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