generate cash inflows independently from other assets and that are usually regarded as part of cash generating unit. A. Corporate assets B. Subsidiary C. Service departments D. Exclusive cash generating unit 7. Assume that employees confessed to a P500‚000 inventory theft but are not able to make restitution. How should this material fraud be shown in the company’s financial statements? A. Classified as loss and shown as a separate line item in the statement of comprehensive income. B. Initially
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Forms of Business Organization Western Governors University The study of business organization is a study of complexity: as each business is different‚ each form of business organization is also unique. From a local hot-dog vendor to a trucking company‚ from a restaurant to a multinational‚ each business has different legal‚ moral and ethical concerns‚ and there is no "one-size-fits-all" approach to determine how a business should best be organized. Take the first two businesses
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• Appreciate how the process of globalization is creating opportunities and challenges for business managers. This chapter introduces the emergence of the globally integrated business world. Globalization has reduced the traditional barriers to cross-border trade and investment (distance‚ time zones‚ language‚ differences in government regulations‚ culture‚ business systems). To begin the discussion of contemporary issues in international business‚ macro-economic
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University of Phoenix Material Role of Financial Accounting Versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The primary purpose is to produce forms portraying a company’s performance over a period of time
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Professional Schools‚ Inc. Graduate School of Business COMMENTARY: GLOBAL COMPARABILITY IN FINANCIAL REPORTING: WHAT‚ WHY‚ HOW AND WHEN? REACTION PAPER The commentary paper mainly deals with the evolution and convergence of accounting standards. In response to comparability & convergence issues that have arisen to date‚ the commentary has discussed what comprises global comparability in financial reporting‚ why it has arises and how they could make it into reality and its
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definitions of human trafficking has led to arguments about the impact of sex work on sex trafficking‚ as well as the anti-prostitution laws that continuously criminalize sex workers. So why is sex work criminalized in the United States? Mostly‚ society has refused to accept it as a form of livelihood and‚ abolitionists blame sex workers for the increase in demand for sexual services. There is no doubt that some women and girls are forced‚ coerced or fraudulently shoved into the international sex industry
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The United States was built on a rural agricultural economy up to the 19th century‚ which were made up of farmers‚ artisans and merchants. But overnight that changed from a nation of agriculture to the world’s leading nation of industrial power. Many contributions played a role in the rapid growth of the industries‚ technology‚ innovations and large corporations to name a few. But with the rapid growth and power came many problems that affected the nature of work‚ skilled workers and their families
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The traditional definition of family‚ especially in the United States‚ has made it rather difficult to recognize the legitimacy of families because of the complications of U.S. family law. For example‚ the U.S. uses marriage and biology to define the family. Under this concept‚ same sex couples with their children would not be considered a “family” nor would individuals who adopted children. Although problems still exists within the law‚ the federal courts have stepped up over the past several years
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406 ACC 2301 INTRODUCTORY MANAGEMENT ACCOUNTING Section 011 (Monday) Final Exam‚ Winter Term 2012 (May 25th‚ 2012‚ 1:10 p.m. - 3:10 p.m. in Room TRS2-147) INSTRUCTIONS TO STUDENTS: 1. This 2-hour test consists of 5 questions (7 pages). 2. Marks total 45. 3. All questions must be answered on this paper in the spaces following the questions. Pages are not to be separated and all pages must be submitted without exception. 4. Calculator (model Royal XE24 or XE36
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Crime experienced leaps in its popularity through so much illegal drinking as well as romanticized gangsters; however‚ due to gangsters’ publicized violence leading to their downfall‚ the emergence of the highly organized mobster soon followed. The 18th
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