Case 08-4 The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the
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Statement of Facts Big Bear Power is a public utility company that leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2004 and Big Bear’s right to use the turbine begins on January 1‚ 2005. They have the following three transactions that need to be analyzed under ASC 840‚ Accounting for Leases‚ to determine whether costs or potential costs associated with the provision should be included in minimum lease payments: 1. Fees
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Case 08-4 The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from
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The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the lease
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our group conducted research to determine whether costs or potential costs of the provisions of Big Bear Power’s lease of Goliath Co’s combustion turbine should be included in its minimum lease payments. We have provided a summary of the facts‚ our conclusion‚ the basis for our conclusion‚ and an analysis of possible alternatives to our conclusion as requested. Summary of the Facts Big Bear Power (the Company)‚ a public utility company‚ is leasing a combustion turbine from Goliath Co. for
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each other. Answer: TRUE Diff: 1 Page Ref: 367 3) A continuous circular process of changes in user behaviors and change in the information systems they use is a natural outcome of information system use. Answer: TRUE Diff: 1 Page Ref: 367 4) The continuous circular process of changes is known as the Systems Development Life Cycle (SDLC). Answer: TRUE Diff: 1 Page Ref: 367 5) Database redesign is equally difficult whether or not the database has data in it. Answer: FALSE Diff: 1
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competing for the same foods. The foods the adults eat are not the foods the juvenile eats so they are not intruding and competing against each other. That separation in trophic levels assists in the survival of the juveniles to the adult stage. 4. Not all adults feed at a high trophic level. Whale sharks (50 ft) are the largest fish and feed on plankton and small fish‚ while Great White sharks (20 ft) are the largest carnivorous fish and feed on sea lions‚ seals and large fish. Blue whales (100
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Pei Shan Liu Professor: David Hossain Accounting 495 10/1/2012 Case 08-1 Go With the Flow‚ Inc. 1. Insurance Settlement Proceeds According to ASC 230-10-45-12‚ the insurance settlement proceeds should be classified as an investing cash flow in the statement of cash flow. “All of the followings are cash inflows from investing activities: a. Receipts from collections or sales of loans made by the entity and of other entities’ debt instruments (other than cash equivalents and certain debt
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08.15 Latin Lives! Interview Project Interview #1 Name: Tina Brennan Profession: Tennis Instructor Term #1: Racket Term #2: Court Term #3: Serve Term #4: Ball Term #5: Volley Etymology of Term #1: "handled hitting device used in tennis‚ etc.‚" c. 1500‚ probably originally "tennis- like game played with open hand" (late 14c.)‚ from Middle French rachette‚ requette (Modern French raquette) "racket for hitting; palm of the hand‚" Etymology of Term #2: late 12c.‚ from Old French cort (11c
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Chapter 8—Corporate-Level Strategy Chapter 8: Corporate-Level Strategy CHAPTER SUMMARY This chapter focuses on the use of corporate-level strategies to define the arenas in which organizations will participate. Diversification strategy is the primary vehicle used at the corporate level to create value for a portfolio of businesses that exceeds the value potential of the individual businesses under different ownership. Diversification is examined at various levels of connectedness amongst the individual
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