Distinguish between a liability and a environmental liability. Is there any difference in the principle? A liability is a present obligation of the enterprise arising from the past events‚ the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits whereas An environmental liability is an obligation to pay future expenditures to remedy environmental damage that has occurred because of past events or transactions‚ or to compensate a
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CASE 13-BLOWING THE WHISTLE:ACCOUNTINGPRACTICES AT GLENFAIR ELECTRONICS Background overview Bob Schein‚ is a vice president of human resources at Glefair Electronics‚ as a listed company‚ Glenfair was required by the securities and exchange commission to issue public sales and profit forecasts Glenfair Electronics had over 10‚000 employees and a reputation for producing high-quality electronic components used in a number of manufacturing applications.the company had begun to experience a slowdown
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1) Current Ratio The ratio is mainly used to give an idea of the company’s ability to pay back its short-term liabilities (debt and payables) with its short-term assets (cash‚ inventory‚ receivables). The higher the current ratio‚ the more capable the company is of paying its obligations. 2) Quick Ratio An indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets. For this reason‚ the ratio excludes inventories
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�PAGE � �PAGE �5� Current and Non-Current Assets Current and Non-Current Assets Laura Gabbard University of Phoenix ACC 400 Accounting for Decision Making Peter Ioveno April 13‚ 2008 Current and Non-Current Assets Current assets are items on a balance sheet. According to Investorwords‚ current assets equal "…the sum of cash and cash equivalents‚ accounts receivable‚ inventory‚ marketable securities‚ prepaid expenses‚ and other assets that could be converted to cash in less than one year
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LEGAL LIABILITIES OF SCHOOL ADMINISTRATORS This research paper deals with the legal liabilities of school administrators‚ primarily school board superintendents‚ principals and assistant principals to third parties. The emphasis is on the public schools through grade K-12. Traditionally‚ school board administrators were largely insulated under state law from liability. Since the 1970s‚ the liability exposure of school districts‚ school administrators and teachers has exponentially expanded
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Things Fall Apart Chapter Summarys 1-13 Chapter 1 The novel begins with the introduction of Okonkwo‚ a young man famed throughout for his strength as well as other personal achievements. At the age of eighteen‚ he had brought honor to his village by overthrowing Amalinze‚ the cat. Okonkwo was a tall man‚ with bushy eyebrows and a wide nose. His father‚ Unoka had always been a failure and a debtor. He was more interested in playing his flute than working in the fields. Because of this‚ his family
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At the beginning of Chapter 11‚ Gene has come back from Vermont and wants to see Finny. He becomes part of a snowball fight that Finny organized. Later‚ Gene tells Finny and Brinker that Leper was Absent Without Leave. Brinker reacts by saying that “poor old Leper” couldn’t handle life in the army. He guesses that Leper must be crazy and Gene confirms his suspicions. Later‚ Brinker tells Gene that things won’t be normal unless people start acting natural about what happened to Finny. Later that
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Contracts‚ Torts and Product Liability Name Institution Chapters 6 and 7 of John McAdams book are on contracts‚ business torts‚ and product liability respectively. In order to understand these chapters fully‚ I will provide an appropriate case and the court’s ruling due to the influence of factors discussed in these two chapters. Before I discuss this case‚ an introduction on the keywords in these chapters in relation to business law is necessary. A contract is a binding legal
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POW 13 Problem Statement: The problem of the week states how many bananas can corey the camel get to the market if he has to eat one banana every mile and it s 1000 miles to the market and he has 3000 bananas and he is able to hold only 1000 bananas at a time. Process: I knew that corey had to eat one banana every mile and he had to go 1000 miles but could only carry 1000 bananas at a time and there was 3000 miles so i knew he would have to drop off bananas at certain places to be able
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International Responsibility and Liability 1. Responsibility of States 2. Responsibility of International Organizations 3. International Liability 1. Responsibility of States 1.1 General Works In addition to chapters on responsibility of principal textbooks on international law‚ the following works specialized in responsibility are useful. D. Anzilotti‚ “La responsabilité internationale des Etats à raison des dommages soufferts par des étrangers‚ RGDIP‚ t.13 (1906)‚ pp.5-29. R. Ago‚ “Le
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