Analysis of case 1.4 Sunbeam: The Revenue Recognition Principle 1. Company history ← In April 1996‚ Sunbeam appointed Albert Dunlap as its CEO and chairman. ← Immediately‚ the CEO began replacing nearly all of the upper management team and led the company into aggressive corporate restructuring. ← As at end of March 1997‚ the company arranged special sales contract with the wholesaler provided that the wholesaler could return all of the merchandise‚ with Sunbeam
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Case Brief 764 P.2d 1316 Supreme Court of New Mexico. Billie J. RODMAN‚ Petitioner–Appellant‚ v. NEW MEXICO EMPLOYMENT SECURITY DEPARTMENT and Presbyterian Hospital‚ Respondents–Appellees. No. 17721.Nov. 30‚ 1988. Written By: Lawrence Pelkey Facts: Billie J. Rodman‚ Appellant was employed by Presbyterian Hospital as a unit secretary for eight years when‚ on Feb 17‚ 1987‚ she was terminated under hospital personnel policies following a “third corrective action” notice. Prior restrictions
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unintentionally hurt another person is liable for the harm through intentional harm. Holdings: the jury rendered a verdict for the plaintiff of $2800. Rationale: the touch was the exciting or remote cause of the destruction of the bone. The case was a case of torts and it related to the assult and battery which the defendant should pay money for the plaintiff. The defendant has no proof of any other hurt‚ and the medical testimony seems to have been agreed that this touch or kick was
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Ann. Section(s) 19-12-101‚ the "criminal attempt" statute‚ the trial court affirmed the juvenile court order and sentenced the girl to the Department of Youth development for an indefinite period. The issue in this case is to determine whether the defendant ’s action in this case constitute a "substantial step" toward the commission of second degree murder under the new statue. The "substantial step" issue has not yet been
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this paper‚ I will be simulating‚ that as a project manager‚ I have been designated to design a new Direct sales and Accounting System for up a coming business “Especially for you Jewelers”‚ or EFYJ. I will be assessing Business benefits‚ explaining the capabilities‚ and giving examples of three (3) possible scenarios. I will attempt to create a Vision Document‚ Activity Diagram‚ and a Use Case Description. SYSTEM DEVELOPMENT When designing any new system special considerations‚ guidelines‚ and specification
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horses getting botulism was not foreseeable. The hay The Rothings purchase of hay from Kallestad was a transaction in goods‚ so it may be governed by Montana’s Uniform Commercial Code (UCC) Another Common law concept implied warranty attaching to the sale of animal feed Seaton Ranch Co. v. Montana Vegetable Oil & Feed Co. Buyer’s incidental and consequential damages under Section 30-2-715‚ MCA. Richardson v. State‚ Nielsen v. Pardis were the main MT common laws ruling for whether the district court
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Text and Cases Thirteenth Edition Robert N. Anthony Ross G. Walker Professor Emeritus Graduate School of Business Administration Harvard University David F. Hawkins Lovett-Learned Professor of Business Administration Graduate School of Business Administration Harvard University Kenneth A. Merchant Deloitte & Touche LLP Chair of Accountancy Leventhal School of Accounting University of Southern California McGraw-Hill Irwin Contents PARTI FINANCIAL ACCOUNTING 1 Chapter 1 The
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EXERCISES 2.1 Instructions Select the assumption‚ principle‚ or constraint that most appropriately justifies these procedures and practices. (Do not use qualitative characteristics.) (a) Market value changes are not recognized in the accounting records. (b) Lower of cost or market is used to value inventories. (c) Financial information is presented so that investors will not be misled. (d) Intangible assets are capitalized and amortized over periods benefited. (e) Repair tools are expensed
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Sandy Cheng CASE BRIEFS Interhandel Case (Switz. v. U.S.)‚ 1959 I.C.J. 6 (Mar. 21) Case Facts The Interhandel case was brought before the Court by Switzerland on October 2nd‚ 1957 to declare that the United States was under an obligation to restore its assets which had been vested in the United States from 1942. In 1946‚ US and Switzerland entered an agreement called the Washington Accord that the US will unblock Swiss assets in the US. Interhandel is a Swiss company entered in the Commercial
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within 30 days. Supplies were purchased for $1‚000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1‚875 if purchased under normal circumstances. Oct. 1–6 Revenues of $5‚500 were earned and paid in cash. Expenses required to earn the revenues of $4‚000 were incurred and paid in cash. a. Prepare a balance sheet at September 30‚ 2011. (You will need to compute the missing figure for Notes Payable). (Be sure to list the assets and liabilities in order
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