Dollar General Case 1. Consider the $13.4 million of freight costs. What is the correct (GAAP) method of accounting for these? How did Dollar General in fact originally account for these costs? (Include in your answer a table of the effects on income in any years affected‚ both before and after tax‚ of the correct accounting and the accounting they originally used. The correct GAAP method to account for freight costs is as an expense of Cost of Goods Sold (COGS) that occur at the time
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Executive Summary Being one of the largest automakers in the world‚ General Motors (GM) undertakes its manufacturing operations in over 30 countries with vehicles being sold in over 200 countries. Through undertaking its international operations it also subjects itself to various types of foreign exchange exposures due to fluctuations in the values of currencies; to manage this problem it has adopted a passive hedging policy and aims to reduce the impact of foreign exchange exposures on the business
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Taxation Law SUMMER REVIEWER PART I – GENERAL PRINCIPLES TAXATION – power inherent in every sovereign State to impose a charge or burden upon persons‚ properties‚ or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions SCOPE OF TAXATION TAXATION IS: Unlimited‚ Far-reaching‚ Plenary Comprehensive Supreme STAGES OF TAXATION: (LAP) 1. Levy 2. Assessment 3. Payment Basic Principles of a Sound Tax System 1. Fiscal Adequacy 2. Theoretical Justice
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Alabama State University College of Business Administration ACT 532 Advanced Fund Accounting Exam III November 20‚ 2012 1) Governments must report nonspendable fund balance in a governmental fund ’s balance sheet for A) Inventory. B) Prepaid assets. C) Land. D) All of the above. E) Items A and B only. Answer: 2) The following benefits are examples of other postemployment benefits (OPEB) except for A) Health care insurance. B) Pension benefits. C) Vision insurance. D) Life insurance
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EXECUTIVE SUMMARY General Motors is primarily engaged in automotive production and marketing and financing and insurance operations. GM designs‚ manufactures‚ and markets vehicles worldwide‚ have its largest operating presence in North America. The core competence of General Motors is innovation. This is the driving force behind its $190 above turnover. General Motors has been utilizing innovation in service ad technology to secure itself a dominant position in the automobile industry‚ since 1908
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FOR A STUNNINGLY GREAT LIFE I want to shift gears from leadership to a pure focus on crafting an exceptional life for this blog post. Ultimately‚ life goes by in a blink. And too many people live the same year 80 times. To avoid getting to the end and feeling flooded regret over a live half-lived‚ read (and then apply) these tips: 1. Exercise daily. 2. Get serious about gratitude. 3. See your work as a craft. 4. Expect the best and prepare for the worst. 5. Keep a journal. 6. Read “The Autobiography
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EUTHANASIA What happens when a patient has an incurable illness and decides for euthanasia? Would you do it if the patient were your relative? When people talk about euthanasia‚ they that it is a suicide or a crime‚ but it is easy for them because they have not faced with an incurable illness. People who have experienced this case say that euthanasia is the best option for the patient and the family. When the patient has an incurable illness and is suffering‚ there are three reasons why family
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function and they may contain hazardous chemicals which can damage the environment(in the case of the disposal of nuclear waste to the bottom of the ocean or it being buried.Also in surface condenser in thermal power stations.these transform steam(gas) to steam(liquid).As the tube ends get corroded there is the possibility of cooling water leakage to the steam side contaminating the condensed steam or condensate‚ which is harmful to steam generators. The other parts of water boxes may also get affected
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Running head: General Atomics and Their Drones 1 General Atomics and Their Drones A Look into the Ethical and Social Responsibilities of General Atomics Roxanne L Culp Embry Riddle Aeronautical University General Atomics and Their Drones 2 Abstract Drones appear to be the topic of conversation today. Less than a decade ago they were rarely mentioned. If you heard about
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Financial Analysis: General Mills Inc. The following financial analysis is primarily focusing on the performance of General Mills Inc for the year 2010 when compared to 2009‚ but a historic trend of the past 5 financial years is also being taken into account. Balance Sheet Analysis: The Current Assets for GIS decreased for FY10 by nearly 2% compared to FY09‚ primarily due to a decline in quick assets‚ namely cash and cash equivalents. The company experienced a terrific growth period in FY08 when
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