1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. In 1984‚ the Corporation has computed depreciation expense on plants‚ machinery and equipment using the straight-line method for financial reporting purposes. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. • Harnischfeger included net sales figure from Kobe Steel Ltd. Previously‚ only net gross margin generated from transactions with Kobe Steel Ltd was included. As a result‚ net sales figure increased by $28 million. • Harnischfeger incorporated certain foreign subsidiaries’ financial statements with fiscal year ending 31st July. The adjustment resulted in a net sales figure increase
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since economic benefit was the sole purpose of the urbanization from the beginning‚ which will benefit to local economy‚ which goes to the wealth of government. Then the government find another place to develop. • Technical growth: The major advantage of urbanization will be technical progression and there by developing scientific attitude of the people .The result of technical advancement is mechanisation that increases the countries’output. •Major per cent of country’s GDP comes from urban
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ADVANTAGES OF PRIVATE PARTIES( EG: RELIANCE POWER) 1.Private Parties can bargain for prices with suppliers. 2.They are using Chinese Power Equipments. 3.The Limiting Factor of NTPC in competitive bidding are CVC Guidelines which do not allow Commercial secrecy of bidding offers submitted to NTPC by the vendors. NTPC Bidding Process Before submitting bids for the power projects‚ NTPC invites bids from its vendors who supply equipment for the project. NTPC decides its bid on the basis of
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Simple life and peaceful mind are very close friends!” Well actually there are many advantages to a simple life and many benefits to keeping things as quiet as possible. For one it’s very good for your health: as you aren’t rushing around from one event to another you won’t be tiring yourself out‚ and as you are eating healthy and light meals you’ll be keeping your body well fuelled and steering clear of foods that could cause heart problems or high blood pressure. On top of that you’ll also be
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Advantages of Monarchy Patriotism: Monarchs‚ by their very nature‚ are more patriotic than either Prime Ministers or Presidents. They hold great affection for their respective countries: a Prime Minister or President may be at the same post in other countries but Monarchs never have this conflict of interest. So‚ fundamentally‚ it is in the interest of any monarch to work towards greater patriotism. Every monarch makes a considerable contribution in the building of his or her nation. One who contributes
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agent and catalyst. The Crusades started when the religion of Christianity had to have the city of Jerusalem as Christian property as it was where their God was crucified. However‚ the aspect of political gain and economic benefit were an additional advantage when participating in the Crusade. One of the factors in causing the Crusades was political gain and economic benefit. As well as religious devotion‚ political gain and economic benefit played a part in the Crusades. The first Crusade call from
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disaster should be handled. Do to the National Incident Management being created in the wake of nine eleven‚ citizens as a whole did not know what the National Incident Management was. Individuals thought NIMS was only used as a terrorism preparedness advantage (Bourne & Moffat‚ 2005). The National Incident Management System can be used in all major disasters going forward especially in the wake of the 2004 hurricane season along the golf cost (Bourne & Moffat‚ 2005). In addition‚ many citizens did not
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In this assignment you discuss the advantages and the disadvantages of the first mover and the last mover theories You should provide an unbiased comparison of the two theories. 1. Identify at least four advantages and four disadvantages for each theory and comprehensively show how each advantage or disadvantage affects the use of that theory (a minimum of 16 pros/cons in all). 2. Identify at least four examples of real firms who have been successful and four examples of real firms who have been
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Team A | Stephanie | Su Ying Lun | Tan Ye Lin Lydia | Thirutanigaasalam Naidu | Yik Chun Leong | AIS Tutorial 2 Q1. Purchase Journal Page 1Account No. 605/300 | Date | Supplier | Supplier Invoice | Account Number | Post Ref | Amount | 7-Mar | Bud’s Soil Prep Inc | AJ34 | 300-23 | v | $ 2‚067.85 | 11-Mar | Osto Farmers Supply | 14568 | 300-24 | v | $ 67.50 | 14-Mar | Whalers Fertilizer Inc | 893V | 300-36 | v | $ 5‚000.00 | 21-Mar | Osto Farmers Supply
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