The FASB should consider economic consequences in the standard setting process; “The Board cannot cease to be concerned about the cost-effectiveness of its standards. To do so would be a dereliction of its duty and a disservice to its constituents”. (SFAC No.2 P. 144) FASB member Victor H. Brown identified the economic costs to consider: “The costs of introducing a new standard‚ of course‚ include the out of pocket costs of converting to the new standard‚ the costs of processing and reporting the
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THE NEED FOR BOTH GASB AND FASB FOR AMERICA’S COLLEGES AND UNIVERSITIES The Need for Both GASB and FASB for America’s Colleges and Universities The Need for Both GASB and FASB for America’s Colleges and Universities The Financial Accounting Standards Board (FASB) was established in 1973 and has been granted the power to institute rules of financial accounting and reporting for businesses and not-for-profit organizations. The Governmental Accounting Standards Board (GASB)‚ established
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stop moving. d. Force causes objects to change direction. ____ 2. Which of the following forces arises from direct physical contact between two objects? a. gravitational force c. contact force b. fundamental force d. field force ____ 3. A newton is equivalent to which of the following quantities? a. kg c. kg•m/s b. kg•m/s d. kg•(m/s) ____ 4. A free-body diagram represents all of the following except a. the
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DETERMINING THE EQUIVALENT MASS AND DISSOCIATION CONSTANT OF AN UNKNOWN WEAK ACID BY TITRIMETRY INTRODUCTION Acids are substances that donate hydrogen ions and bases are substances that accept hydrogen ions. Acids and bases react with each other by transferring hydrogen ions. One way to distinguish an acid is by its equivalent mass‚ which is the number of grams of the acid needed to transfer one mole of hydrogen ion to a base. For a monoprotic acid‚ which only transfers one hydrogen ion‚ its
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Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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EXPERIMENT 2: Measurement of equivalent radius‚ bulk density and solid density of granular materials INTRODUCTION Granular material is a group of distinct macroscopic particles‚ composed of grains or particles of solids with interstitial spaces‚ which are the spaces between the particles. Having spaces between the particles means that there are rooms left for the filling of air or liquid. This concept is applied as to use the filling of liquid to determine the volume of the particles later
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influence does the SEC have over the FASB pertaining to setting accounting standards? Do the SEC and FASB work together as believed by the authors of The Accounting Standards Setting Process in the U.S.: Examinations of the SEC-FASB Relationship ? Or is the FASB in complete control of the standard setting process? The SEC has the legal responsibility to set accounting standards‚ but gave this duty to the FASB. According to the article a lot of what the FASB does is a reaction to the immense pressure
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Contrastive Analysis of the Conceptual Metaphor LIFE IS A JOURNEY in English and its Equivalent in Vietnamese Department of English Ho Chi Minh University of Education Instructor: Bui Nguyen Khanh Ho Chi Minh City‚ June 19th‚ 2013 1 I. ABSTRACT Since its introduction in 1980‚ the publication “Metaphors We Live By” by Mark Johnson and George Lackoff has successfully persuaded the readers to see all metaphors in a new light. The 1980 classic maintains that metaphorical expressions
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It is the fact that young people today have an easier life than the equivalent age group in previous generation‚ but it does not mean that they have a much better life. On the contrary‚ they have to suffer from more pressure in life than in the past. Compare with the previous generation‚ the youth today have more chances to make decision by themselves. In the other words‚ they are more free and dependent. For example‚ in the past‚ parents always interfere to their children’s life and push them
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How might the basic story have been slanted more toward the company with equivalent dramatic effect? Although the employees’ compromise with the company’s unethical behavior could be dramatic‚ the story wouldn’t have been as dramatic as it was because of the Hinkley’s resident’s sickness and suffering. 3. Do the filmmakers have
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