Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
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Running Head: Limited Liability Corporation and Partnership Paper Limited Liability Corporation and Partnership Paper University of Phoenix Michael Charley FIN/419 - FINANCE FOR DECISION MAKING Finance 05/17/2011 - 06/20/2011 Instructor: TONY MOSES In today’s economy there are many decisions business owners have to make in order for their business to sustain and grow. With that being said‚ business owners are now looking at the operations and structure of their business more frequently
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does the law justify imposing strict liability for some criminal offences? ‘actus non facit nise men sit rea’ means an act alone cannot constitute guilt without the proof of a guilty mind‚ for most criminal cases. Strict Liability is the legal responsibility for injury or damages even if the person was not at fault or negligent; this contradicts the above Latin maxim as it places sole responsibility upon a defendant without the proof of ‘mens rea.’ Strict liability is a topic that has both its pros
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hydraulic joint which was inspired by the legs of a spider. The author theorizes that a deformable tube can be used in a joint in lieu of a hinge‚ akin to the blood-filled spaces within a spider’s leg‚ will grant the robotic joint greater range of motion. The initial test demonstrated a single joint on a rigid frame. A weight was applied to a suspended beam‚ applying pressure to the hinge tube. Pressure on the tube was measured with a pressure gauge‚ and the external torque acting on the joint was calculated
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Product Liability Theories of Recovery and Defense In my opinion Wood would most likely win the law suit against either the peanut or the jar manufacturer on the basis of strict liability or negligence‚ which allows a person injured by an unreasonably dangerous product to recover damages from the manufacturer or seller of the product even in the absence of a contract or negligent conduct on the part of the manufacturer or seller (Bagley‚ 2013). Therefore‚ Wood should recover damages even if the
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Joint-Stock Company: A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern corporate
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an organization‚ succeed in their leadership role in healthcare. This paper will identify important aspects of governmental or other agency such as Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) that governs the health care industry or a particular segment of the industry. In addition‚ this paper will also identify the Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) role‚ the impact it has on healthcare‚ the examples how they carry out their duties
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Jonathan Bender’s Joint Pain Relief Codes - Full Review Hello there and welcome to our review of the Joint Pain Relief Codes by Jonathan Bender. As always‚ this review will be divided into 3 main parts: 1. The basics section which will help you to understand better what the Joint Pain Relief Codes is all about. 2. The section about the pros and cons‚ which covers several of the main advantages and disadvantages of Jonathan Bender’s system. 3. The conclusions section that will summarize our
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Chapter 11 Current Liabilities and Payroll Questions 1. A current liability is one that is payable within the coming year or within the company’s normal operating cycle if longer than a year. All other liabilities are long-term. A contingent liability is a potential liability that depends on a future event arising out of past events. The future event will determine the amount and existence of the liability. A contingent liability may or may not become an actual obligation. 2. The company reports
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Bond Law Review Volume 10 | Issue 2 Article 6 12-1-1998 Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications Damien Murphy Follow this and additional works at: http://epublications.bond.edu.au/blr Recommended Citation Murphy‚ Damien (1998) "Holding Company Liability for Debts of its Subsidiaries: Corporate Governance Implications‚" Bond Law Review: Vol. 10: Iss. 2‚ Article 6. Available at: http://epublications.bond.edu.au/blr/vol10/iss2/6 This
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