Memorandum To: Supervisor From: Date: March 14‚ 2011 Re: Leases and Lease Issues CONFIDENTIAL The trucking company currently owns 100 trailers and a new client have requested 20 more for a total of 120 trailers for its project. The relationship with the new client is uncertain but at the same time it has potential for significant growth of the company. The uncertainty of the relationship may have an effect on the financial position of the client company
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Kevin Rooney Professor McCarthy Comparative Politics October 7‚ 2012 Current Issues in Greece Greece is a country with a very rich history of tradition‚ from the gods of ancient Greece‚ to the beautiful landscape in the Mediterranean‚ all the way to the development of Democracy. The Greek political system is similar to the United States but also different in many ways. The government type is a parliamentary representative democratic republic. The prime minister is the head of
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SOCIAL ISSUES AMONG TEENAGERS. Teenagers were the future leaders of this day and the next national vision . The rapid economic and technological development has an impact on social and human development of adolescents . Government and other parties also seek to educate young people in shaping adolescent quality to lead the country from the primary to the university level . However ‚ in this cyber era ‚ moral decadence among teens deepened to create fear among the public. If the first social problem
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The FASB issued SFAS No. 13‚ “Accounting for Leases” to establish standards of financial accounting and reporting for the lessees and lessors. The three leasing options to available are operating‚ sales-type‚ and direct financing. This memo will define each option‚ compare operating versus capitalizing and give a recommendation for XYZ Company. Lease Definitions A lease can be either capital or operating. It is considered to be a capitalized lease when all the benefits and risks of ownership
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1976 SC 2335; Pooran Chand v. Motilal‚ AIR 164 SC 461; Union of India v. RR Hingorani‚ 1987 1 SCC 551; Atyam Veerraja v. Pechatti Venkanna‚ AIR 166 SC 629 Case Note: Interpretaion of documents - Lease deed-period of lease can not be infinite by mere provision of renewal every three years when lease was for specific period. Tort - Damages/mesne profits-for illegal occupation of premises after tenancy came to an end after efflux of time-can be granted at a higher rate provided it is not penal
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responsibilities of the tenant and the landlord. Landlord rights incorporate • Accepting full‚ convenient installment of rent as concurred in the lease. • Charging late expenses for past due rent if indicated in the lease. • Tenant’s support of the premises unless generally specified in the lease. • Ousting tenant for legitimate reasons indicated in the lease. Landlord obligations incorporate • Keeping tenants’ units and basic territories sheltered and fit for home. • Conveying the privilege of
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MODULE 9 Self-test case (100 Minutes) Scents for Less Ltd. Updated Sept 12‚ 2011 As a recently graduated CGA‚ you started your new position as controller for Scents for Less Ltd. (SFL) on August 1‚ 2011. It is now a week later and you are working on several specific tasks assigned to you by your employer. You are understandably eager to impress your new employer and are looking forward to your new responsibilities. SFL produces generic colognes in relatively small quantities and sells them
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later on as seen in Charlie’s case. The lease that is given for any business endeavors or for residential purposes often provides the one Who is leasing with a legal enforcement in as far as the property they are about to partake for use is concerned. These premises whatever use they might be meant for are a crucial part of the renter as well as the landlord therefore the lease should have all the relevant
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Goliath Co. The lease term is non-cancelable for ten years. The lease was signed on December 15‚ 2004‚ but the lessee’s right to use the turbine starts on January 1‚ 2005. Issues and Facts There are three specific provisions associated with the lease. Provision 1: In negotiating the lease agreement‚ Big Bear paid $500‚000 to its legal counsel Stipe‚ Berry‚ Mills and Buck LLP. The company is also required to pay $1 million of legal fees incurred by the lessor. Provision 2: The lease states a provision
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uk/Bahrain/articles/200006011102.html Accounting for Leases. International Accounting Standard (IAS17). Accounting Standard for Leases. Malaysian Accounting Standard Board (MASB 10). Al-Hathal‚ N.1997. Innovation in Ijarah Financing. Proceedings of the Labuan International Summit on Islamic Financial & Investment Instruments Conference. Collet‚ N. 1995. The preferred option. Asset Finance & Leasing Digest. Issue (219): 12-15 Collet‚ N. 1996. Newcomer no more. Asset Finance & Leasing Digest. Issue (231): 20-22. Cunningham‚
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