CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
Premium Generally Accepted Accounting Principles
General Herbert Norman Schwarzkopf: A Great 20th Century Military Leader Herbert Norman Schwarzkopf Jr. was born August 22‚ 1934 in Trenton‚ New Jersey to Ruth Alice and Herman Norman Schwarzkopf. Herbert Norman was the youngest of three siblings. He had two sisters. They were Ruth Ann who were four years older and Sally who were two and a half years older than him. Perhaps because of the closeness in their ages‚ Sally and Herman enjoyed playing together outdoors while Ruth Ann prefered to be
Premium Military of the United States United States Marine Corps United States
Full Sentence Outline Name: Annelise Sauer Specific Purpose: To inform my audience about Nobel Prize winner Norman Borlaug and his influence on my life. Introduction: Attention: Every year my family and I drive from Texas to my grandparent’s house in Iowa. Along the way‚ we see fields of corn and others crops. I’m sure many of you have seen the same thing. Just about anywhere we go‚ there is always fields of corn‚ wheat or cotton within view from the car. This is not the same for some countries
Premium United States Agriculture Americas
In Houston Texas‚ Hurricane Harvey had flooded majority of the homes. The flood water had go contaminated with bacteria and the toxin that are making people sick. Some of the the scientist are going to the homes and they are testing the water. In most the homes has 135 of the safe amount of E.coli and lead in the flood waters. Also there is sewage contamination and it is starting to concentrate inside the homes. In addition there is bacteria growing in the homes. Many of the officials are worried
Premium Water Water pollution Bacteria
Lee Harvey Oswald was an American former U.S. Marine who was held responsible for the assanation of president john f. kennedy. Lee Harvey Oswald was born in New Orleans on October 18‚ 1939 to Robert Edward Lee Oswald and Margerite Frances Claverie. Robert Oswald died of a heart attack a couple of months before Lee was born. In 1944‚ Margerite moved Lee and his two other brothers to Dallas‚ Texas. Oswald entered the first grade in 1945 and over the course of the next six years Lee attended several
Premium John F. Kennedy Lee Harvey Oswald John F. Kennedy assassination
During these hard times where Hurricane Harvey came to Texas where people were gathering to help them out with some food or other stuff we will not be needing‚things that other people might need.Many people believe that most of us can not gather as one human race‚ but I think that we can because there are going to be some bad stuff that is going to happen in our community and maybe thought if us people get together will not be such a bad idea because most us come together as one. In my opinion we
Premium Race United States Human
From my range of experiences at the Indianapolis Museum of Art there has been one painting that has always brought me back to cast my shadow on the museum floor in front of it. Norman Rockwell’s The Love Song has captured my attention time and time again with its expressive and intriguing narrative. Sylvan Barnet tells us that in the critique of a work we must ask ourselves‚ “What is my first response to the work?” Barnet goes on to say that we may eventually change our understanding of the work
Premium Art Psychology Modernism
Independent University‚ Bangladesh (IUB) In Partial Fulfilment of the Requirements of EMBA Course-513E Management Accounting By Mohammed Shamsuddin Student ID: 1110805 Summer Semester‚ 2012‚ Management Accounting‚ EMBA INDEPENDENT UNIVERSITY‚BANGLADESH July 26‚ 2012 Dr.Dilip kumar Sen Professor School of
Premium Sustainability Environment Environmentalism
Anatomy of an Illness as Perceived by the Patient is a personal narrative written by Norman Cousins. He shares his experience of crippling arthritis and his hospitalization. He quickly realizes that the hospital environment doesn’t suit him well so he begins to self-medicate with laughter and vitamins. He argues that one’s mental health can positively or negatively affect one’s physical health through a personal experience littered with detail and emotion. The first paragraph were Cousins begins
Premium English-language films Medicine Fiction
The article written by Harvey Simon in the New York Times is about the effects exercise has on the heart‚ Simon discusses both the immediate effects of exercise as well as the delayed effects. The article also discusses the risks of not exercising‚ saying that if a person regularly and vigorously exercises‚ that person will have the lowest risk of heart disease. Simon discusses the difference between vigorous and moderate exercise. Simon says that vigorous exercise may not be as effective in improving
Premium Obesity Physical exercise Exercise