(NCC) filed a case against the CIR for the recovery of sum of money it paid on protest as specific tax on 24‚089 tons of coals claiming exemption to tax pursuant to Sec. 14 and 15 of Act 2719. Issue: Whether or not NCC is a private corporation? Held: Plaintiff is a private corporation. The mere fact that the government is a majority stockholder of the corporation does not make the corporation. Act 2705 as amended by Act 2822 makes it subject to all the provision of the corporation law. As a private
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HERNISCHFEGER CORPORATION CASE ANALYSIS 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements In 1984 they changed the depreciation method from accelerated methods to the straight-line for financial reporting purposes. This change included a adjustment of the residual values on certain machinery and equipment. They also included the products purchased from Kobe Steel‚ LTD and sold by them in their net sales. Moreover‚ they
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Great Expectations (Chapters 7-25) Chapter 7 1. Dickens is noted for giving his characters names that are descriptive to their personalities. The names often sound like other words or are a pun. How could Mrs. Wopsle’s name be descriptive of her personality? Mrs. Wopsles name describes her personality because “Wopsle” sounds like “wobble” and Mrs. Wopsle is has a very wobbly and carefree personality. 2. How are Biddy and Pip alike? Biddy and Pip are alike because they were both “brought up
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Chapter 7 ← Problem 7-43 - ACL Problem Solution a. There are 44 payroll transactions in the Payroll file. (This is determined by reading the number at the bottom of the screen.) b. The largest and smallest gross pay amounts for September are $4‚395.83 and $1‚278.33‚ respectively. (Use Quick Sort.) c. Total gross pay for September was $99‚585.46. (Use the Total command.) d. The report on the following page shows gross pay by department. (Use the Summarize
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Chapter 7 is titled Reflecting on Creation and Providence. The basis of this chapter is that we need to rely on God and his almighty power and wisdom when contemplating chance. It is important to remember that God has provided guidance on our everyday lives and He always will. Psalm 121:2 reads “my help comes from the Lord‚ the maker of heaven and earth.” This provides that God‚ the creator of heaven and earth‚ is willing to assist humans on earth and has remained provident through all of humanity
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bankruptcy options chapter 7‚ chapter 11 and chapter 13. They can file for chapter 7 which the businesses that do not have the means to restructure their obligations and continue the business can choose. In chapter 7 a trustee is appointed‚ available assets are sold‚ and creditors are paid to the extent funds are available. This option is only available for partnerships‚ limited liability companies‚ and corporations. Small businesses with sole proprietorships can also file for chapter 7 but it depends
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The Hunger Games Chapter 7 Questions 1. How do Peeta and Katniss view themselves in terms of the skills that they will take into the arena? Is this an accurate description of their skills? a. Haymitch asks for an outline on Peeta’s and Katniss’ skills to give him an idea. Haymitch says he knows Katniss is good using knives already‚ almost being stabbed by a butter knife himself. Katniss modestly tells Haymitch that she can use a bow and arrow. Peeta says her aim is amazing
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SPH 2241 – Fundamentals of Speech (Stiefel) CHAPTER 7 ASSIGNMENT Student Name: Below are arguments based on faulty reasoning. Identify the fallacy used (use a fallacy only ONCE): 1. Loaded Words It’s ridiculous to worry about protecting America’s national parks against pollution when innocent people are being attacked by terrorists. 2. Red Herring The proposal is likely to be resisted by the business-as-usual bureaucrats on Capitol Hill. 3. Celebrity Endorsement Queen Latifah promotes Cover
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CANCO Ltd THE INDUSTRY The Canadian fradistat industry consists of four companies: Acme Ltd.‚ Beaver Ltd.‚ Canco Ltd. and Deeco Ltd. Fradistats are components in many industrial products. Acme’s products have the highest quality and prices in the industry. While its sales volume and sales income are second-lowest in the industry‚ it has the highest profits‚ due to its high profit margins. Beaver is the industry’s largest company. It has the lowest prices and highest sales‚ but its profits
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CHAPTER Cost Classifications DISTINCTION BETWEEN DIRECT AND INDIRECT COSTS Direct costs can be specifically associated with a particular unit or department or patient. The critical distinction for the manager is that the cost is directly attributable. Whatever the manager is responsible for—that is‚ the unit‚ the department‚ or the patient—is known as a cost object. The somewhat vague definition of a cost object is any unit for which a separate cost measurement is desired. It might
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