Re: Impairment Testing We are writing to you regarding the inquiry we received over the possible impairment of your cruise ship. Our response was formulated using our extensive knowledge of the U.S. Generally Accepted Accounting Principles and referring to ASC 360-10 over the testing of impairment. After preforming recoverability tests‚ we have concluded that your cruise ship is impaired‚ and an impairment loss of $1.6 million should be recorded on December 31‚ 2010. In the second scenario‚ the
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MEMO To: Smooth Sailing From: The consulting group Date: May 6‚ 2012 ------------------------------------------------- Subject: Recoverability/Impairment of cruise ship ------------------------------------------------- Facts: Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. The cruise ship has its own identifiable cash flows that are largely independent of the cash flows of other asset groups
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Chapter 2 Checkpoints Name: Amy Kunduru Checkpoint 2.1 1. What is an environmental system? It is a set of interacting components connected in such a way that a change in one part of the system affects the other parts. Name some examples. The Mono Lake is a small example. This ocean is another example. 2. How do systems vary in scale‚ and how does a large system include a smaller system? Large systems would be an interaction between smaller systems. A fish by itself is a system. The
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Many say the etymology of religion lies with the Latin word religare‚ which means “to tie‚ to bind.” This seems to be favored on the assumption that it helps explain the power religion has. The Oxford English Dictionary points out‚ though‚ that the etymology of the word is doubtful. Earlier writers like Cicero connected the term with relegere‚ which means “to read over again” (perhaps to emphasize the ritualistic nature of religions?). Some argue that religion doesn’t really exist — there is only
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Checkpoint: Social Change and Modernization Chapter 16 of Society: The Basis‚ Eleven Edition‚ by John J. Macionis. Prepared by: Sociology 120 Professor Charlotte Fan University of Phoenix Due Date 04/24/2012 Abstract Social Change is the transformation of culture and social institutions over time (Merton‚ 1968). A key feature of social change is that it is constant and just about everything in life is subject to change. Social change is sometimes intentional but often
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Some say that Religion and Wisdom go hand in hand. That one is unable to thrive without the other. In this Explanatory Synthesis I will discuss Karen Armstrong and Robert Thurman beliefs and differences about the two subjects. I am going to be using the section “Homo Religiosus” written by Armstrong and the section “Wisdom” written by Thurman to compare the author’s views. Robert Thurman is one of the first Americans to be ordained as a Tibetan Buddhist monk. He is a scholar‚ translator‚ activist
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Religion in the World Today As Victor Hugo once said‚ “I am religiously opposed to religion” and I agree with him completely. Religion has been a part of our world for centuries but not everyone has to believe in the same thing or even have a religion of any kind‚ it is all a choice and a right that we are granted. When I was younger my parents decided that I could believe in anything I wanted to when I grew up and that they weren’t going to push a specific religion on me with explicit beliefs
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Checkpoint: Evaluating Communication Strategies Cynthia S Thomas HSM/120 01/18/11 Jeanette Rambert Axia College of the University of Phoenix Checkpoint: Evaluating Communication Strategies Question 1: What would you need to learn or know about each of your clients in order to communicate effectively with them? According to our text‚ it states that ones culture has a major influence on
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Perspectives of Religion Perspectives of Religion Religion has always been a part of society; it has played a key role in many social events and will continue to. Within all these religions there are many things they have in common and it’s interesting to see that even though they still continue to have conflict. Religion has many aspects and different ways to perceive it. Throughout this paper I will look at religion in four key perspectives‚ which are Conflict‚ Functionalism‚ Feminism‚ and
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The Lego Group was founded in 1932 and has gone through hard times during the 1990s and 2000s‚ however they are going on a growth trajectory following a turnaround in 2005. With the high growth of the company‚ LEGO has a few issues and challenges in hand that require to be resolve for the company to enhance their growth potential. Q1. Porter 5 Forces Level of rivalry The overall level of rivalry may be seen as relatively high. Lego occupies a firm position in the market for construction toys
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