to know • Common requirements now exist between US GAAP and IFRS on how to measure fair value • IFRS 13 does not change when an entity is required to use fair value‚ but rather‚ provides guidance on how to measure the fair value of financial and non-financial assets and liabilities when required or permitted by IFRS • While many of concepts in IFRS 13 are consistent with current practice‚ certain principles‚ such as the prohibition on blockage discounts for all fair value measurements
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Chapter Twelve and Thirteen Garp Essay Cheating during the course of a marriage is not considered as loyal or faithful. Many people do not allow cheating while other people beg to differ. Some couples accept cheating and say “forgive to forget” but that is not always the case. Both Garp and Helen experience infidelity during their marriage and they both handle it two different ways. Some women take it worse than men‚ but it can also be the other way around. Garp is the first spouse to cheat on
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relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability. Current liability unless (a) a fund for liquidation
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Chapter 11.2 Notes 1. The Beginning of Settlement Guiding Question: What encouraged settlers to move west to the Great Plains? * The Great Plains is a vast region of prairie roughly was of the Mississippi River and east of the Rocky Mountains. * Settlers faced many challenges with the weather * In this dry grassland‚ trees naturally grew only by the rivers and streams. * To get water they often had to drill wells more than 100 feet deep * Eventually this land turned into
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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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Contingency Plans Name HRM/420 Date Contingency Plans PLAN A Facility System Contingency Plan Introduction I decided to choose on a contingency plan for a facility system. The plan would serve as a repository for information that is centralized. It would also cover procedures and tasks necessary in facilitation of facility system’s management decisions. It would also be fundamental in responding to any extended interruption of the normal business of the department in both operations and services
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The hospital is only responsible for any injury to Mr. Jones as a result of improper care. Dr. Simon did not release Mr. Jones as he felt the patient’s condition might be detrimental to his health and emotional state. He may have felt that Mr. Jones was not stable enough to function outside the hospital‚ due to hallucinations and convulsions. However‚ according to the Joint Commission the hospital and Dr. Simon may be liable if they did not do everything possible to prevent Mr. Jones’ departure from
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A Project on the topic Government’s Contractual Liabilities Submitted towards the partial fulfillment of I semester (summer-session) of MBA-MBL Degree for the subject General Principals of Contract Submitted by: Submitted to: Pavan Kumar Gupta Mr. Sourabh Bhattacharjee
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Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset becomes
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Chapter thirteen If they had not sent the naval officer onto the island to interrupt the chaos‚ Ralph would have been killed‚ and Jack along with the rest of the boys would’ve perished after setting the whole island ablaze. The professors stood there‚ in astonishment‚ watching over what was left of the island. The social experiment had been successful. The airplane the boys were on was supposed to crash. The boys were all test subjects carefully selected out of thousands of desperate children
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