Three Little Pigs‚ Inc. I’m writing this in response to your question on how should the Company determine whether an impairment exists and how should management evaluate impairment. The Company should record inventory impairment when according to ASC 330-10-35-1‚ “the utility of the goods is no longer as great as their cost”. The rule also states “where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether due to physical
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Benjamin Altman‚ 1913 (14.40.687) Retrieved on December 10‚ 2010‚ from http://www.metmuseum.org/works_of_art/collection_database/european_sculpture_and_decorative_arts/nymph_and_satyr_carousing_clodion_claude_michel/objectview.aspx?page=2&sort=5&sortdir=asc&keyword=&fp=1&dd1=12&dd2=33&vw=1&collID=33&OID=120007378&vT=1&hi=0&ov=0 Sayre‚ H. (2010). A world of art. New Jersey: Prentice Hall.
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selling shareholders of Baked Beans. All of the outstanding stock options granted to employees of Baked Beans will be replaced with Allfoods stock options as required by the merger agreement. Allfoods is accounting for the transaction in accordance with ASC 805‚ Business Combinations. 1. Determining Consideration Transferred On August 1‚ 2009‚ Allfoods acquired Baked Beans. The Allfoods share price was $30 on the announcement date and $35 on the acquisition date. The parties agreed that Allfoods
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Why Did the Vikings invade England? During the 700’s‚ the Vikings began to raid English monasteries and churches to trade and sell. The Anglo-Saxons at the time had never seen such merciless men. In the Anglo-Saxon chronicles‚ the Vikings are described as ‘sea-borne pagans’‚ as all of the Vikings came on huge war-ships from what we would now refer to as Scandinavia. The Vikings had originally come from Sweden‚ Denmark and Norway‚ and they were certainly very vicious people. The first raids came
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$26‚010] $362‚960 Payroll Tax Expense $29‚440 FICA Taxes Payable $140‚000 X 1.45% = $2‚030; $26‚010 + $2‚030 = $28‚040 $28‚040 FUTA Taxes Payable [($480‚000 – $410‚000) X .8%) $560 SUTA Taxes Payable [$70‚000 X (3.5% – 2.3%)] $840 a. DR CR Cash $3‚000‚000 Sales Revenue (500 X $6‚000) $3‚000‚000 Warranty Expense $30‚000 Inventory $30‚000 Warranty Expense $90‚000 Warranty
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Poets use a variety of senses throughout their work to spark interest with the reader. Recognizing and understanding the different senses help the reader to interpret what the author is trying to portray in that specific poem. In the poem “To the Snake” by Denise Levertov‚ the reader can use meaning to help understand the point in the poem that is being depicted. Levertov uses tone and a living object to mold the actual meaning behind the written words. Levertov uses tone by emphasizing the “S”
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6% never collected (bad debts). * Sales forecasts: Most Likely July (actual) $18‚750 August (actual) $19‚200 September (actual) $17‚ 840 October $17‚500 November $16‚500 December $13‚000 January $12‚500 * Utilities expenses $800 per month. * Rent $1‚200 per month
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Minimum Support Prices A Microeconomics Project This project analyses the Minimum Support Prices (MSP) applied by Government of India. Justification for the MSP applied to wheat is also given. Finally‚ measures to reduce the MSP expenditure are recommended. ACKNOWLEGEMENTS We would like to thank our mentor Dr.Chandrima Sikdar for making herself available whenever we asked for any help and advice. Regular discussions with her molded our approach to problem solving. She showed us the importance
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LGT3105 Operations Management Semester 2‚ 2012/13 Individual Written Assignment (Case 1 Toys City) Name: LUON Shuk Yan Student Id: 11280338d LEC001 SEM 005 Class Instructor: Johnny Wan Question (1) I would have accommodated David Cheung’s vacation request. According to the network diagram above The critical path of the project is: Activity 1 Activity 2 Activity 5 Activity 7 Activity 10 Activity 13 Activity 15 As audit of liquid assets (activity 4) is not on the critical
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CHAPTER –II Foreign Literature Eugene F. Brigman‚ Fundamentals of Financial Management‚ 5th ed.‚ (Hinsdale: Holt‚ Richard and Winston Sounders College Publishing‚ 2000)‚ pp. 840-841. Companies are increasingly employing Inventory System. A computer start with an inventory counts in memory. Withdrawals are recorded by the computer as they are made‚ and the inventory balance is constantly revised. When the recorded point is reached‚ the computer automatically places an order‚ when this new order
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