Reporting Contingencies and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible
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1. Is Eye Vision’s arrangement with Holland Hospital within the scope of ASC 985-605‚ Software: Revenue Recognition? In this case‚ the main content of the Eye Vision’s arrangement with Holland Hospital include embedded software medical equipment and an initial option to purchase a two-year separately priced maintenance agreement. In this case‚ because“Eye Vision has never sold‚ nor does it offer to sell‚ the Clear View Laser without the embedded software because the software is necessary to perform
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Eye Vision Case 10-11 Eye Vision Inc‚ a long-standing medical device manufacturer‚ has signed a contract to sell Holland Hospital the Clear View Laser and a two-year separately priced maintenance plan for $1 million and $0.2 million respectively. On a when-and-if available bais‚ Eye Vision Inc. will provide software updats that is embedded with the Laser to maintainance purchasor. The software has never been sold without Laser for its functional necessity. In this memo‚ as explained below‚ we conclude
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Experiment #10 & #11 The Synthesis of Cobalt Oxalate Hydrate The Synthesis of a Nitrite Complex February 5‚ 2012 Chemistry 1211L - 146 - Spring 2012 Procedure The Synthesis of Cobalt Oxalate Hydrate Place 100 ml of distilled water in a 250-ml (or 400-ml) beaker. Add 1.26g of oxalic acid dihydrate (H2C2O4.2H2O) and 1 ml of concentrated ammonia. Stir the mixture until the solid has dissolved completely. Dissolve 2.34 g of cobalt chloride hexahydrate (CoCl2.6H2O) in 100 ml of water
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obligations. This paper will look at the case study Eat at My Restaurant – Cash Flow (Gibson‚ 2013) and will analyze the difference between net cash provided by operating activities and net income and determine which a better indicator of long-term profitability is. It will then provide an analysis of the cash flow ratios for each of the firms contained in the case study. Finally‚ this paper will conclude with a determination of if one of the companies in the case study has a cash flow problem. Net
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identification………………………………………….……..…..5 5.2 Responsibilities of Crisis Management Team………………………….…....6 5.3 Action to be taken……………………………………………………......10 5.3.1 Principles of action during the crisis……………………………………..10 5.3.2 Specific instructions to the relevant departments………..………………..11 5.3.2.2 Emergency arrangements within 24 hours……………………….….11 5.3.2.3 Arrangements in the following weeks…...……………………….....12 5.3.2.4 Arrangements after the third-party investigation………………....…..13 5.4 Communication
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HONG KONG BAPTIST UNIVERSITY CONTINGENCY PLAN Team Member 陈韵筱 12427470 黄汝兮 12404594 罗诗韵 12414670 罗雨婷 12405426 邵滟婷 12414654 Content 1. Introduction……………………………………………………………….…3 2. Objectives of the plan………………………………………………………..3 3. Stakeholders of Hong Kong Baptist University……………………………..4 4. List of potential risks………………………………………………………...4 5. Fabricating academic credentials of teaching staffs………… ………………..5 5.1 Situation identification…………………………………………
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Implementation‚ Strategic Controls‚ and Contingency Plan Tonya Starks STR/581 December 8‚ 2014 Instructor: Braford James Abstract Apple Inc. is a global innovator of the MacBook‚ tablets‚ iPhones‚ iPods‚ and other innovative products. Apple is the leader in the electronic market sector for innovative product growth and development. The implementation plan will explain the strategic controls and contingency plan for the organization along with an implementation process. This will allow
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5. Theoretical Contingency Framework 5 Theoretical Contingency Framework Having clarified the EPs’ development in the previous chapter‚ this chapter presents the theoretical framework that was developed to guide the data collection‚ analysis‚ and performance evaluation presented in the subsequent chapters. We first introduce structural contingency theory and its underlying assumptions. Specific attention will be given to the “patterned systems” approach (Van de Ven and Ferry 1980) which will
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Contingency Factors Podcast Transcript Speakers: Diane‚ Scott‚ Elizabeth Reeves Fidler Diane: Hey everyone‚ welcome to the podcast where we talk in detail about management and business principles that YOU need for success. Scott: Welcome to this week’s podcast and we have for you - Plan B! Diane: You mean we’re not going to discuss contingency factors in planning? (laughter) Diane: Never mind – of course! Contingency factors - also known as ‘Plan B’ Scott: That’s the one. That plan we’ve
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