DEPARTMENT OF ACCOUNTANCY UNIVERSITY OF ILLINOIS MEMORANDUM TO: Raluca Chiorean FROM: Section AE2 DATE: June 30‚ 2012 SUBJECT: Samuel’s Electronics Analysis INTRODUCTION In this memorandum‚ I’ll discuss strengths and weaknesses of using FIFO versus LIFO as the cost flow assumption in the accountant’s process of inventory valuation for financial statement reporting to a company’s external stakeholders. FIFO AND LIFO ANALYSIS As shown in the exhibit‚ because the price of LG TV was decreasing
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through a statutory enactment requiring a written record for specified types of contracts. [2] These specified types of contracts could not be enforced unless a memorandum of it is written and signed by the party to be charged. [3] The basic rules include: 1. the stature does not require the entire contract to be written‚ but only a memorandum of it‚ 2. only the party who is to be charged‚ that is‚ against whom enforcement is sought‚ need to have signed it‚ and 3. The consequence of noncompliance is
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On February 8‚ 1992‚ portion of Mr Lawrence Summers’s internal memorandum of his viewpoint on the environment that was published in The Economist‚ a British publication‚ created a huge debate in the print media and disapprovals from the environmentalists. Three main reasons were given by Mr Summers in the encouragement for migration of the toxic wastes to the less developed countries. Hence‚ we shall now look in depth into these reasons given. According to Mr Summers’s first point‚ the costs for
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of 1989‚ Memorandum Order No. 277 of 1990‚ Administrative Order No. 278 of 1992‚ Administrative Order no. 70 of 2003 and Memorandum Circular No. 89 of 2005. In pursuit of these decrees‚ there had been guidelines and several issuances to assist the agencies in establishing and implementing the internal audit service. These are the following: DBM Budget Circular No. 2004-4 Guidelines on the Organization and Staffing of Internal Audit Units (IAUs) issued on March 22‚ 2004; CSC Memorandum Circular
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RE: Sony’s Goodwill and Segment Reporting Facts: Sony have been known worldwide as a Japanese multinational company‚ its efforts trying to expanding business in United States‚ have made that Sony acquires CBS Records and Columbia Pictures. Thus‚ creating Sony Music and Sony Pictures‚ which represent Sony entertainment. This involved to the company in $1.2 billion of debt‚ and assigned goodwill assets for $3.8 billion. The last filing with SEC reported just two main segments: electronics and
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Suruhanjaya Syarikat Malaysia (SSM) About SSM The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM‚ which came into operation on 16 April 2002‚ is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia. The main activity of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company
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0 SCHEME OF AMALGAMATION APPROVED BY BOARD OF DIRECTORS OF M/S VAYUDOOT LIMITED AND M/S NATIONAL AVIATION COMPANY OF INDIA LIMITED (NOW AIR INDIA LIMITED) FILED WITH APPLICATION OF MERGER ON 12.08.2009. 1 SCHEME OF AMALGAMATION FOR AMALGAMATION OF OF VAYUDOOT LIMITED‚ TRANSFEROR COMPANY WITH NATIONAL AVIATION COMPANY OF INDIA LIMITED‚ TRANSFEREE COMPANY (Under Sections 391 TO 394 and 396 of the Companies Act‚ 1956) 1. PREAMBLE: 1.1 M/s Vayudoot Limited (hereinafter
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Riordan Manufacturing Go Green Initiative PM/582 November 10‚ 2014 TABLE OF CONTENTS Executive Summary 3 sTRATEGIES FOR iNTREPRETATION OF PROJECT SCOPE 3 relevant research strategies - task justification 7 CONCLUSION
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The doctrine of Indoor management‚ popularly known as the Turquand’s rule initially arose some 150 years ago in the context of the doctrine of constructive notice. The doctrine of constructive notice of a company’s public documents was‚ of course‚ abolished prospectively. The rule was partly dictated by practical necessity - persons contracting with a company were not expected to spend their time checking that any required resolutions had properly been passed‚ at meetings that had been correctly
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MEMORANDUM OF AGREEMENT This Agreement made and entered into by and between: Raduis Telecom‚ INC. ‚ a corporation duly organized and existing under Philippine Laws with office/business address at 12/F Tower 2 Rockwell Business Center Meralco Compound‚ Ortigas Avenue Pasig City represented herein by Ms. Yolanda S. Sillesa hereinafter referred to as the INDUSTRY PARTNER. and Adamson University‚ a non-stock‚ non-profit educational institution‚ duly organized and existing under Philippine Laws with
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