Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Literature Songs Killing An Arab by The Cure History Composer Robert Smith has said that the song "was a short poetic attempt at condensing my impression of the key moments in L’Étranger (The Stranger) by Albert Camus". The lyrics describe a shooting on a beach‚ in which the Arab of the title is killed by the song’s narrator; in Camus’ story the protagonist‚ Meursault‚ shoots an Arab on a beach‚ overwhelmed by his surroundings. Meursault is condemned for his honesty about his feelings. He is
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Chapter 1 CA 1-1 · GAAP is the term used to indicate the whole body of FASB authoritative literature. True · Any company claiming compliance with GAAP must comply with most standards and interpretations but does have to follow the disclosure requirements. False This statement is false because the companies they not only have to comply with most GAAP standards and interpretations but also have to follow the disclosure requirements. · The primary governmental body that has influence over
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COMMITTEE SYSTEMS IN LOCAL GOVERNMENT. Definition: Committee |System in Local Government is a mechanism of ensuring greater democratic participation of the citizenry in the law making process. Committee could be established due to the large volume of business to be transacted‚ Local Government may find it imperative to entrust some of their functions to committees. In running the affairs of the local government‚ the Local Government Executive Committee may set up standing and ad-hoc committees
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte are General Government‚ Water and Sewer‚ Aviation‚ Charlotte area transit system‚ and Storm water. (Pages 1-12) 3) Review the Financial Section c) Did
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Chapter 2 REVIEW OF RELATED LITERATURE In this chapter one of the most important early steps in a research project is the conducting of the literature review. This chapter will explain how review of related literature is very important in conducting a study. This is also one of the most humbling experiences you’re likely to have. Because you’re likely to find out that just about any worthwhile idea you will have has been thought of before‚ at least to some degree. A literature review is designed to
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Amber Scoubes Mr. Burton English 1010‚ Period B-2 12-17-2013 Solving a Local Problem The Hazards of Driving Many people take for granted their ability to drive. When we drive‚ we are putting ourselves in dangerous situations. At some point‚ one small mistake in judgement can cause serious injury or even death to another person. This is a power no human should yield. The only reason that driving is necessary is to better our lives and to make things much simpler and easier to do. Driving is
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