Income Tax Memorandum 10/18/2012 Over the past few years‚ there has been a push to adopt a single international accounting standard in order to simplify commerce in the global economy we live in today. However‚ this is more easily said than done because of some very notable differences between U.S. GAAP and IFRS standards. One of the most significant differences between GAAP and IFRS arises when accounting for income taxes. The first issue that arises when accounting for income taxes is determining
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ATENEO DE CAGAYAN CAGAYAN DE ORO CITY GAS ABSORPTION COLUMN - MASS TRANSFER EXPERIMENT B ChE 35 Chemical Engineering Laboratory II Acabo‚ Dean Cris Aguirre‚ Ian Carlo Belarmino‚ Arniel Catan‚ Charles John Engr. Marco Theodore E. Escaňo ChE 35 Instructor October 2012 OBJECTIVE: To calculate rate of absorption of carbon dioxide into water from analysis of liquid solutions flowing down the absorption column. THEORETICAL BACKGROUND: Absorption refers to the transfer of a gaseous component
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Balance Sheet and Income Statement Commentary Belinda Greer BSA/500 March 24‚ 2012 Murali Ramachandran Balance Sheet and Income Statement Commentary Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income‚ expenses‚ and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look
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1. What is the main difference between a virus and a Trojan? A computer virus attaches itself to a program or file enabling it to spread from one computer to another‚ leaving infections as it travels. Like a human virus‚ a computer virus can range in severity: some may cause only mildly annoying effects while others can damage your hardware‚ software or files. Almost all viruses are attached to an executable file‚ which means the virus may exist on your computer but it actually cannot infect your
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Income statement: In the case of sole proprietary and partnership concerns there are no prescribed forms of the income statement and balance sheet. Their preparation is also desirable but not compulsory. However‚ they are generally prepared. In the case of trading concern‚ a trading account and in the case of a manufacturing concern‚ a manufacturing account and a trading account can also be prepared. In such a case‚ the account heading is mentioned as follows: Manufacturing/trading and profit and
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(a) Explain the difference between natural change and net migration Natural change is the difference between the number of deaths and the number of births in a population‚ which either shows a natural increase or decrease. Net migration is the difference between the number of immigrants entering the country and the number of emigrants leaving the country. (b) Suggest two reasons for the increase in life expectancy One reason is development in medical technology‚ cures are found for illnesses and
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Explain the main differences when communicating with adults‚ young people and children: The main differences between communicating with a child‚ young person or adult is our tone of voice‚ body language‚ facial expressions‚ gestures and the vocabulary we use. We need to adapt these depending on the age‚ needs or ability of the person we are speaking too. If we are communicating with a small child we may do this by either playing a game‚ reading a story‚ using silly voices or playing with toys
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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1) Explain the difference between the attorney-client privilege and the accountant-client privilege. Why is this important distinction? Why do you think that the law doesn’t provide the same level of privilege for accountants as it does for attorneys? • The different between the attorney-client privilege and the accountant-client privilege is the communication. The attorney is protected by law‚ and the accountant is protected by state statute. They both are required to have the permission of the
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Q; Explain the difference between a Deontological and Teleological approach to Ethics. Deontological ethical theories claim that certain actions are right or wrong in themselves‚ regardless of what the consequence is. For example Natural Law. However Teleological ethical theories look at the consequence and result of an action to see if it is right or if it is wrong. For example Situation ethics. The difference between teleological and Deontological ethics is outcome of act verses the act itself
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