The Equal Protection Clause of the 14th Amendment to the United States Constitution prohibits states from denying anyone in the state equal protection from the laws set by the state government. The clause is to protect individuals from being treated differently and unfairly based on their differences. After the civil war when slaves were free people were unclear of where slaves would fit into the county and the rights they would hold. The 14th amendment explained the rights of the newly freed slaves
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Table of contents Introduction 2 ROI and EVA® as Performance measures and their effects on managerial behaviour 2 Conclusion 4 Transfer pricing 5 Market-based Transfer Pricing 5 Full Cost Transfer Pricing 6 Cost-plus a mark-up transfer Pricing 6 Negotiated Transfer Pricing 7 References 8 Bibliography 8 Introduction “Managing for value has become the mantra of today’s executives as the reality of competitive environments force businesses to focus on improving profitability
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EXERCISE 14-1 (15-20 minutes) Valuation account relating to the long-term liability‚ bonds payable (sometimes referred to as an adjunct account). The 3‚000 would continue to be reported as long-term. Current liability if current assets are used to satisfy the debt. Current liability‚ 200‚000 long-term liability‚ 800‚000. Current liability. Probably noncurrent‚ although if operating cycle is greater than one year and current assets are used‚ this item would be classified as current. Current liability
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Liabilities Capital Revenues Credits are increases for these types of accounts: Liabilities Capital Revenues Credits are decreases for these types of accounts: Assets Withdrawals Expenses (5 min.) S 2-2 “The basic summary device in accounting is the account. The left side is calld the debit side‚ and the right side is called the credit side. We record transactions first in a journal. Then we post (copy the data) to the ledger. It is helpful to list all the accounts with their balances
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Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services
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Of Financial and Managerial Accounting Managers According to Horngren‚ Sundem and Stratton in “Introduction to Management Accounting”‚ “Good management is a result of good information‚” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports for
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1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
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The Bill of rights‚ the constitution and the amendments of the constitution are the national foundation of freedom. The 14th amendment has become one of the most important parts of the constitution. The 14th amendment is divided into four sections. The 14th Amendment was designed in 1868 to stamp out lawless tyranny. Section one is to make former slaves citizens. The 14th amendment states‚ “All persons born or naturalized in the United States are citizens of the United States and of the state wherein
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In 1868‚ the 14th Amendment was ratified into the Constitution‚ and has since become a key component in the construction of democracy in the United States. The amendment is broken down into five independent sections of impartial notions that forbids states from rejecting the civil rights and liberties‚ and to accord fair chance of life‚ property‚ and due process regardless of race. The 14th Amendment outlined civil liberties and rights while limiting state’s intervention‚ therefore making it an
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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