Introduction to Corporation Accounting CORPORATION - an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence (New Corporation Code of the Philippines). A corporation is an entity created by law that is separate and distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation
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NATIONAL LAW SCHOOL OF INDIA UNIVERSITY BANGALORE M.B.L. PART – I CONTRACT LAWS Important Case Laws 1. Balfour v. Balfour [(1919) 2 KB 571] Mr. Balfour promised to send £ 30 every month. Mr. Balfour did not send the money Mrs. Balfour sought to recover the promise money in the court of law. Whether a promise of domestic nature between a husband & wife could be binding? Held that‚ the promise between the parties was not intended by them to be legally binding. Hence‚ Mrs. Balfour could not
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games‚ movies‚ toys‚ cheese‚ fruit‚ and vegetables)‚ so the system needs to accommodate this future expansion. OTMC is also planning to offer three-month and six-month memberships. USE CASE NAME: Submit new subscription ACTOR: Potential customer DISCRIBTION: Describes the process when a potential customer submits an order for a one-year membership of a certain product. PRECONDITIONS: The customer is willing and able to pay for the membership NORMAL COURSE:
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ERG theory approaches the question of "what motivates a person to act?" or "Why do we ever do anything?" The theory assumes that all human activity is motivated by needs. Needs can be divided into three groups of related needs‚ and these need-groups can be rated according to their importance. The assumption is that humans must meet the need of the most important group before significant attention and energy can be devoted to needs in the second group‚ and must meet the needs of the first and
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In the novel Ragtime‚ by E.L. Doctorow‚ injustice polarizes society by racism and murder. Racism is defined in the Encyclopedia Britannica’s dictionary as a belief that race is the primary determinant of human traits and capacities and those racial differences produce an inherent superiority of a particular race. A clear example of this is how the police dealt with Coalhouse’s (an African-American) car. Not only did they make the car dirty and torn‚ they also defecated on it‚ too. Now‚ it is fairly
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Dear Team‚ Uth Pack is an upgrade of our Uth package. Uth Pack is not just a mobile connection but a life style enabler! It will deliver the most comprehensive communication solutions as well as provide the best and most relevant discounts to young people through its extensive and illustrious affinity partners. The brand will be targeting urban youth and its positioning will revolve around the digital at heart. The underlying philosophy behind this new brand is one of positivity and high energy
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COMMERCE 450 ASSIGNMENT 1 FALL 2013 DUE: September 25 All questions should be answered to the nearest full dollar except that earnings per share questions are to be answered to the nearest cent. You should assume‚ unless it is stated otherwise‚ that all companies are Canadian public companies which must comply with the International Financial Reporting Standards and that all companies have December 31 year-ends. Question 1 (16 marks) a) Manaus Manufacturing provides
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statement of financial position we also prepare an income statement for the trading activity. 9.2 Format of the Final Accounts Name Income and Expenditure Account for the year ended 31 December …… Incomes Profit from trading activities Subscriptions Income from investments Donations Income from other activities [dinner dance‚ raffles‚ festivals] Expenditure Depreciation $ $ XX XX XX XX XX XX XX 1 Salaries and wages Expenses on other activities [prizes] Loss from
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CORPORATE INDIVIDUAL SCHEME (CIS) 3G Flexi Mobile Price Plans For the Staff of CPG Corporation Pte Ltd All-Day Free Incoming Calls 3G Flexi Lite Monthly Subscription (CIS Rate) Monthly Subscription (National Promotion Rate) 3G Flexi Value 3G Flexi Plus 3G Flexi Premium $31.32 $39.90 $49.81 $59.90 $82.80 $99.90 $159.89 $205.00 Free Outgoing Calls (local) 100 mins 200 mins 500 mins 2‚000 mins Free Incoming Calls (All Day)# 800 2 GB 900 3 GB 1000 4
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Chapter 2 1. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature‚ function‚ and limits of financial accounting and financial statements. A conceptual framework is necessary in financial accounting for the following reasons: (1) It enables the FASB to issue more useful and consistent standards in the future. (2) New issues will be more quickly solvable by reference to an existing framework
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