ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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September 11th‚ 2001 Grace Scott Devry University Contemporary History HIST410N Professor Gary Grimm April 21‚ 2013 September 11th‚ 2001 September 11 is one of the most important historical events in world history. It sparked a mass awakening across the world and its impact will be felt for many years to come. There has been much debate as to how it happened‚ who is responsible‚ and why. On September 11‚ 2001‚ 19 al-Qaeda terrorist hijacked four commercial passenger jet airliners. The hijackers
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Vicarious Liability‚ what is it? Vicarious commitment insinuates a condition where a business is considered responsible for the exercises or rejections of their specialists. In a workplace situation‚ a business can be held at danger for the exhibitions or prohibitions of its employee’s‚ whether it can be shown that the offenses happened over the range of their occupation. A case when a business can be held vicariously at risk cases can join exhibits of tormenting behavior‚ bullying‚ mercilessness
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v. Keegstra‚ a case that has made a huge impact on the modification of limits to freedom of expression started in the year 1990. After being a high school teacher for 14 years in Eckville‚ Alberta‚ Keegstra was charged with “wilfully promoting hatred against
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don’t wanna die!" I sobbed‚ pounding my fists on the crappy hospital mattress. "Mama‚ don’t leave me!" I cried as my mother rushed out of the room in tears. "You’re not the one who’s dying you selfish pig!" I screamed‚ pulling on my hair. "Help me‚ p-please!" _________________ I’m Winona Finley. I am 16 years old and I am very sick as my mother says. I don’t know what’s wrong with me though‚ the doctors refuse to tell me. They say it should be the last of my worries and that I just needed to be
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Criminal Liability Essay Criminal liabilities are conditions of being actually or potentially subject to a legal obligation. Liability means legal responsibility for one’s acts or omission‚ also when acts which harms society‚ and which are prosecuted by the government. Sometimes certain negligence can lead to criminal liability. Liability needs to be distinguished from the following concepts: * culpability (purposely‚ knowingly‚ recklessly‚ negligently) - infers intent * capacity
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Patient Scenario V.S.‚ 82 year old female is admitted to rehab for colon resection related to colon cancer. Past medical history includes ulcerative colitis x 20+ years‚ hypothyroidism‚ hypertension‚ and dementia. Surgical history includes hysterectomy at age 63. Vital signs T 98.2‚ P91‚ BP136/81‚ R 18‚ O2 sat 96% room air‚ and denied any pain on admission. Patient is alert and oriented x1-2‚ needs frequent redirection. Lungs clear‚ breathing even and unlabored. S1S2 noted‚ no murmurs. Abdomen
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Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
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! ! ! Liability for Negligence! 1. The Duty! PURE ECONOMIC LOSS ! Neighbour Test (Donoghue v Stevenson): Care must be taken to avoid acts Salient Features Test (Perre v Apand): Neighbour test is not enough in cases of which you can reasonably foresee would be likely to injure your neighbour. Who are pure economic loss to establish a duty of care‚ which caused a need for further persons I ought to reasonably have in contemplation as I take an action/omission. tests to identify
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Subject: Negligence Liability of Accountants ______________________________________________________________________ Facts By law‚ accountants may be responsible for customers that hire them in various legal theories‚ including contract‚ fraud and negligence. Accountant malpractice happened when he or she violates the duty of reasonable care‚ knowledge‚ skills and judgment that he or she is due to a client or to the laws to provide auditing and other services. South Asset Management Co hired
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