FIN201: Module 3 Assignment 2 Categories National Bank: Wells Fargo – 1-877-573-7997 Regional/Local Bank” Carter Bank & Trust- customerservice@carterbankandtrust.com 1800-868-5762 Credit Union Central Virginia FCU – 800/335/0069 Checking Accounts: Type of Checking Accounts Available Minimum Balances required Fees College‚ Personal‚ small business‚ way to save checking‚ $25‚000 minimum for business‚ $25-$50 for personal checking‚minium 50 for college All fees are waived if
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The rule of law is a legal maxim stating that no person is above the law‚ that no one can be punished by the state except for a breach of the law‚ and that no one can be convicted of breaching the law except in the manner set forth by the law itself. The rule of law stands in contrast to the idea that the leader is above the law‚ a feature of Roman law‚ Nazi law‚ and certain other legal systems. Albert Dicey British jurist A. V. Dicey popularised the phrase "rule of law" in 1885. Dicey emphasized
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which promises success and security to everyone in exchange for hard work alone. When reality falls short of this ideal‚ people are more inclined to bend the rules to obtain what they deserve. In his chapter‚ "The Rules about the Rules"‚ Stephen Carter indicates that Americans "care far more about winning than about playing by the rules" (180). Although Americans have a competent understanding of morality‚ their moral integrity is placed secondary to success. As a result‚ Americans are willing
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CHAPTER 1 FInANCIAL ACCOUNTING AND ITS ECONOMIC CONTEXT ISSUES FOR DISCUSSION ID1–1 Security analysts and stockholders: These users would use financial statements to try to estimate the future earnings and cash flow potential of the company‚ which would be used to project a value for the company’s stock. Bank loan officers: These users would use the financial statements to determine the ability of a company to repay loans to the bank. A company’s
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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of 2002)‚ the Pakistan Electronic Media Regulatory Authority‚ with the approval of the Federal Government‚ is pleased to make the following rules‚ namely:1. Short title and commencement.- (1) These rules shall be called the Pakistan Electronic Media Regulatory Authority Rules‚ 2009. (2) They shall come into force at once. 2. Definitions.- (1) In these rules‚ unless there is anything repugnant in the subject or context‚(a) “application form" means the application form as may be prescribed by the Authority
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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As an undergraduate student at Indiana University‚ I hope to accomplish my goal of becoming a Certified Public Accountant by earning an undergraduate accounting degree from the Kelley School of Business. One of my goals while on campus is to live in the Kelley LLC so I can meet people with similar passions for business and accounting. I am an excellent and self-motivated high school student‚ and I expect this to continue into college. My main academic goals while I am at IU are to enroll in the Hutton
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For nearly three years‚ I have worked as a Certified Nursing Assistant in the Medical Intermediate care unit‚ located at Wheaton Franciscan All-Saints Ascension. I began my work as a CNA at sixteen‚ during my junior year of high school‚ and have continued to work at Wheaton ever since. The interview process for my position was exceptionally competitive‚ hiring only three out of fifty applicants. The unit that I work on serves a broad spectrum of patients: from intensive care‚ psyche‚ detox‚ and post-op
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