Becca Stone Research in Financial Reporting 10-22-12 Case 12-9: Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31‚ 2010? a. What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purpose of performing the recoverability test? i. FASB ASC paragraph 360-10-35-23 states that for measuring an impairment loss‚ long-lived assets should be group with other
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of bitterness over the war – the huge memorial at Thiepval had been started in 1928 and was not finished by the time the Young Plan was signed. The Menin Gate in Ypres was only finished in July 1927. So the scars of World War One were still very raw in the UK and with an election due in 1929 no one political party wanted to be seen as being ‘soft’ on Germany. However‚ the persuasive pull of the USA was strong – hence why the plan was adopted. 1) 12 million people out of work 2) 12‚000 people being
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interminable period of time‚ reflecting the relative stability of the British polity. It has never been thought necessary to consolidate the basic building blocks of this order in Britain. What Britain has instead is an accretion of diversified statutes ‚ conventions ‚ judicial decisions and treaties which collectively can be attribute to as the British Constitution. It is thus more accurate to refer to Britain’s constitution as an un-codified ‚ rather than an “unwritten” one3. Sir Ivor Jennings adduces
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BUSINESS CASE An Online Registrar Transaction for Form-137 and OTR Requests Xavier University- Ateneo de Cagayan is one of the most prestigious schools in the country. It doesn’t just have high standard education and high status in terms of academic value and but also has high technological competence. It has practiced technology-based transactions for faster and more convenient dealings. In addition‚ Xavier University‚ headed by the University President‚ has five clusters and these are
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Freedom is Slavery. Ignorance is Strength” A Dark Future Ahead a Comparison and Contrast of 1984 and Fahrenheit 451 When discussing the topic of censorship by government in the future‚ one would most likely reference the two novels 1984 by George Orwell and Fahrenheit 451 by Ray Bradbury both portray a similar dystopian theme. Both of these novels center around the same idea of a grim future ahead of society and imply the same plot of the ability to control
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How does the text conform to‚ or deviate from‚ the conventions of a particular genre‚ and for what purpose? The tragedy play‚ one that has captivated many for its effectiveness in understanding the human flaws and how they can lead to eventual downfall is one that Shakespeare’s plays embody. However‚ there is such a play that contains these elements‚ yet it manipulates the genre’s conventions for a new effect‚ the play Othello. This play is centered around a Moorish noble‚ a soldier who faces
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ACCOUNTING CONCEPT AND CONVENTIONS In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has‚ therefore‚ developed the concept of a "true and fair view". The true and fair view is applied in ensuring and assessing whether accounts do indeed portray accurately the business
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What caused unemployment in France? This is the underlying question‚ reading through the case‚ it is apparent that many influential people‚ be it‚ high ranking officials in the French government or students like us at Thunderbird‚ have all tried to understand the root problem. Many measures were taken in France during those times of crisis‚ however it is clear to me that all of the laws they have adjusted during that period of 1981-1994‚ have been “Kneejerk” reactions‚ rather than a sustainable solutions
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Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
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Transaction Processing Systems Definition: A Transaction Processing System (TPS) is a type of information system that collects‚ stores‚ modifies and retrieves the data transactions of an enterprise. A transaction is any event that passes the ACID test in which data is generated or modified before storage in an information system Features of Transaction Processing Systems The success of commercial enterprises depends on the reliable processing of transactions to ensure that customer
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