classification and disclosure of extraordinary and prior period items‚ and the disclosure of certain items within profit or loss from ordinary activities. It also specifies the accounting treatment for changes in accounting estimates and the disclosures to be made in the financial statements regarding changes in accounting policies. Scope 1. This Standard should be applied by an enterprise in presenting profit or loss from ordinary activities‚ extraordinary items and prior period items in the
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behavior can be attributed to the Six Principles of Scientific Thinking: Extraordinary claims‚ Falsifiability‚ Occam’s razor‚ Replicability‚ Ruling out Rival Hypothesis‚ and Correlation versus Causation. Extraordinary claims is a principle that expands to note that any extraordinary claim requires extraordinary evidence before being indorsed. For instance‚ the statement‚ “All human beings are inherently good” is an extraordinary claim. This claim would require data collected from every human being on
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1 1‚ 2‚ 7 Brief Exercises Exercises Problems Concepts for Analysis 3‚ 4‚ 5‚ 6‚ 8 2. Computation of net income from balance sheets and selected accounts. Single-step income statements; earnings per share. Multiple-step income statements. Extraordinary items; accounting changes; discontinued operations; prior period adjustments; errors. Retained earnings statement. Intraperiod tax allocation. Comprehensive income. Disposal of a component (discontinued operations). 11‚ 19‚ 23‚ 24 17‚ 18‚ 19 13
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By the end of Dostoyesky’s Crime and Punishment‚ the reader is no longer under the illusion of the possible existence of "extraordinary" men. For an open-minded reader‚ and even perhaps the closed-minded ones too‚ the book is a journey through Raskolnikov’s proposed theory on crime. It is a theory based on the ideas that had "been printed and read a thousand times"(313) by both Hegel and Nietzsche. Hegel‚ a German philosopher‚ influenced Dostoyesky with his utilitarian emphasis on the ends rather
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and the College of Silly‚ each of them owned amount of $5‚000 when they filed for bankruptcy. You decide whether to write the total $15‚000 account payable off as a bad debt expense and report an operating loss‚ or just report these losses as extraordinary event and this method allow you to report $7‚500 operating profit instead of report operating loss. Because you have to present your first year operating statement to a multi-national search company in order to sell your SEC filling search business
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Profit or Loss for the Period 89 Accounting Standard (AS) 5 (revised 1997) Net Profit or Loss for the Period‚ Prior Period Items and Changes in Accounting Policies Contents OBJECTIVE SCOPE DEFINITIONS NET PROFIT OR LOSS FOR THE PERIOD Extraordinary Items Profit or Loss from Ordinary Activities Prior Period Items Changes in Accounting Estimates CHANGES IN ACCOUNTING POLICIES Paragraphs 1-3 4 5-27 8-11 12-14 15-19 20-27 28-33 90 AS 5 (revised 1997) Net Profit or Loss for the Period 85
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80‚000 Income before income tax and extraordinary item 254‚000 Income tax 86‚360 Income before Extraordinary Item 167‚640 Extraordinary Items: Casualty loss 50‚000 Less: Income tax reduction 17‚000 33‚000 Net Income 134‚640 Per shares of common stock: Income before extraordinary item: (167‚640/60‚000) $2.79 Extraordinary item‚ net of tax: (33‚000/60‚000)
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basest instincts. The lowest common denominator. And then we turn we turn around and call them extraordinary! see what I mean? You have to be carefully careful how you define the extraordinary. Especially nowadays. Robert Ross was no Hitler. That was the problem.” -pg 17. paragraph 1 I find the quote simply brilliant and morally satisfying. It alludes on the dubious rewards of having ‘extraordinary’ leaders. It also silently defines the type of person Robert Ross was by stating that he “was
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out. They can be an everyday pedestrian‚ a boss‚ a relative. They could be the usual firefighter or a cop. A hero can be anything - strange‚ handicapped‚ anything except evil or wanting to make bad choices. Heroes can be legendary‚ heroes can be extraordinary‚ heroes should be celebrated. To be legendary is to be wise‚ powerful. Legendary outside of heroism could mean being athletic‚ the one to beating World Records *cough Bolt and Phelps*. Being legendary means to not be a standard citizen‚ but
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down‚ and after tensions rose between nations and World War 2 was on the approach she registered for the British secret service. She was an ordinary person who underwent a transformation and began to do extraordinary things. When given the correct push and encouragement anyone can do extraordinary things especially if there is a conflict that requires it to happen. One single thing can’t drive everyone but I strongly believe that each and every person can find something that motivates them to go on
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