debiting “Contribution Expense” and “Loss on disposal of x asset” for $2‚000 and $8‚000 crediting the asset for $10‚000. In this case‚ the fair value of my asset was lower than its book value forcing me to recognize a loss on my contribution. FASB ASC 845-10-30-1 In general‚ the accounting for nonmonetary transactions should be based on the fair values of the assets (or services) involved‚ which is the same basis as that
Premium Generally Accepted Accounting Principles Tax Taxation
Performance Measurements MGT/437 June 11‚ 2013 Roy Chuang Performance measurements Performance measurements are used to characterize and define performance in a project. They are used to track and manage progress toward achieving specific project goals. Performance measurements help determine how decision-making processes of a project led to its success or failure‚ understanding these can help organizations make future improvements. It is a project manager ’s responsibility to measure
Premium Project management
Table of Contents QUESTION ONE: Accounting Concepts and Conventions 1 a) Accounting Concepts 1 i) The going concern concept. 1 ii) The accruals concept (or matching concept) 1 iii) The entity concept: 3 iv) The money measurement concept: 3 v) The historical cost concept: 4 vi) The realization concept: 4 vii) Duality concept: 4 b) Accounting conventions 5 QUESTION TWO: Clashing accounting concepts and conventions that might bring about inconsistency in the accounting process 9
Premium Balance sheet Generally Accepted Accounting Principles Income statement
Recent years‚ conventions and meetings industry has been recognized as one of the most important contributor in tourism industry. It is speedily developing with a significant contribution to both business and leisure-related tourism (Rogers‚ 2008). Despite the rapid growth‚ the industry remains the same as creating social network‚ bringing people together to communicate by sharing information‚ exchanging ideas‚ launching new products and technology which add values to contribute to the economy of
Premium Tourism Economics
Academic Note Quantitative measures of performance evaluation of salespersons Abstract Aim here is to understand the evaluation techniques used by the firms and understand the quantitative measures used for evaluation. An overview of the analysis is presented after reading various research papers which have been written on similar lines. One of the most important factors that a sales manager has to look after is the performance evaluation of the salesperson. The methodology adopted to evaluate
Premium Sales Evaluation
Problem 6-10a Given the holding-period returns shown here‚ compute the average returns and the standard deviations for the Zemin Corporation and for the market. MONTH ZEMIN CORP. MARKET 1 6% 4% 2 3 2 3 -1 1 4 -3 -2 5
Premium
Yarragon Visitors Survey Dear visitor to Yarragon – we’d like your help to know a little more about why people travel to Yarragon Village and their experiences during the visit. This will help us to provide an even better experience on your next visit. We’d be grateful if you would spend a few minutes completing the following questions. 1. What is your usual place of residence? Town/ suburb _________ ; Postcode _________ Country (if outside Australia) _______________ 2. Why did
Premium Answer Question
Experiment 1 Laboratory Techniques and Measurements Purpose: To determine measurements of different items that vary from solids to liquids and be able convert those values to other SI units of measurement. Procedure: I used a variety of scientific tools such as; a ruler‚ beaker‚ graduated cylinder‚ volumetric flask‚ thermometer‚ burner‚ and digital scale to find unknown values of measurements for each of the indicated items and
Premium Water Boiling Density
Event Proposal Letter and Form Dear Event Coordinator‚ As an event coordinator your job is to run or plan an event either for or in conjunction with CAS Student Council. In order to host an event‚ you must submit an event proposal for approval. Your proposal should be submitted in person at a General Assembly meeting at least six weeks before the date of your event. Three copies of the proposal must be submitted: one to the attention of the Vice-President‚ one to the attention of the Secretary
Premium Proposal Proposals
The genre of detective fiction is one that has changed significantly since its beginning during the Victorian era‚ with the scale of the crimes being committed on a larger scale nowadays and also the methods of solving crimes used by detectives. I will argue today that: “Fictional detectives that star in films and stories in the genre of detective fiction have changed dramatically in terms of their appearance and their role. Nowadays detectives can be anything from an investigative journalist to
Premium Arthur Conan Doyle