CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Some Advantages of DBMS as compared to a Conventional Data Processing (CDPS) There are three main features of a database management system that make it attractive to use a DBMS in preference to more conventional software. These features are centralized data management‚ data independence‚ and systems integration In a database system‚ the data is managed by the DBMS and all access to the data is through the DBMS providing a key to effective data processing. This contrasts with conventional data processing
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go about saving your money. This way you will get an idea of how to save your money in a bank. First I will talk about a checking account. This is a type of account that is widely used by many to easily access their funds. Many different banks offer a wide variety of options. You should always carefully choose your account based on what your needs for the account will be. Another good option to look for is see what the required minimum balance is for each month. From personal experience‚ you need
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studying this course Corporations Law is a difficult course. The phenomena giving rise to disputes in the company law context are complex. The corporate law is a mix of statute‚ common law‚ and equity. The typical failure rate of the equivalent course in the Griffith Law School (while I was teaching there) is 30%. The failure rate of the undergraduate Company Law course at Nathan in semester 2‚ 2010 was close to this figure. To pass this course well‚ you might find the following tips useful. I
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details the following accounts in its financial statements. Instructions * (a)Classify each of the above accounts as an asset (A)‚ liability (L)‚ stockholders’ equity (SE)‚ revenue (R)‚ or expense (E) item. * (b)Classify each of the above accounts as a financing activity (F)‚ investing activity (I)‚ or operating activity (O). If you believe a particular account doesn’t fit in any of these activities‚ explain why. Asset | Liability | Stock holder equity | Revenue | Expense | Accounts receivable
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NFJPIA MOCK BOARD2014 AUDITING PROBLEMS Use the following information for the next two items GIL Company’s December 31 year-end financial statements contained the following errors December 31‚ 2013 December 31‚ 2014 Ending inventory P91‚000 overstated P61‚000 understated Accounts payable P54‚000 understated P62‚000 overstated Depreciation expense P23‚000 understated - An insurance premium covering years 2013‚ 2014 and 2015 amounting to P135‚000 was prepaid and expensed in full in 2013. Increase
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operations‚ the company engaged in following transactions: Date Transaction Jan 2 An amount of $36‚000 was paid as advance rent for three months. Jan 3 Paid $60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office supplies costing $17‚600 on account. Jan 13 Provided services to its customers and received $28‚500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased
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Marketing: Getting and Keeping Customers Club Med Case Study Singular Strategy: International staff to help people feel at home‚ being the life and soul of each village. Initially‚ solely focused on French and Belgian. North American has more growth potential. US budget is higher than European. Companies are copying Club Med‚ increasing competition. Club Med has to evolve to meet competition. Competitors: Copy cats and cruise markets. Club Med adopted a cruise line too. 1960s sexual revolution
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to stay ahead‚ we go beyond FedEx Annual Report 2012 “I wIll make every Fedex experIence outstandIng.” — The Purple Promise When the going gets tough‚ FedEx shows the spirit and determination that have always set us apart. FY12 was a year of challenges marked by economic and political disruptions and lagging growth around the globe. To stay ahead‚ we go beyond — in the way we manage our business‚ deliver the quality service our customers expect and create solutions for a more sustainable
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this magazine is to inform the readers about what’s hot and happening in the consulting world‚ engage them in engrossing case studies and contribute to their consulting knowledge base. The last month marked a great success of Conflux‚ the November 2012 edition. It was an intra college case study challenge. We are delighted by the overwhelming participation from both junior and senior batches. We look forward to organizing such events in future as well. As you might have noticed‚ the consulting
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