Case 12-9 Rough Waters Ahead Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. (Nonrecourse debt is a loan that is secured by a pledge of collateral‚ in this case the cruise ship‚ but for which the borrower is not personally liable. If the borrower defaults‚ the lender can seize the collateral‚ but the lender’s recovery is limited to the collateral.) The cruise ship has its own identifiable cash flows
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In Ambrose Bierce’s short story‚ “Horseman in the Sky‚” the main character is Carter Druse. He is a young soldier who must fight inside and outside conflicts. The country is divided between the north and south. Druse and his father were also on opposite sides of the war issue. The story shows the kind of internal conflict‚ motivation‚ speech‚ and actions that Carter Druse experiences throughout the story. The internal conflict that Carter Druse must face involves making the right decision.
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Mauldin1 Ashleigh Mauldin ENG 1010 Mrs. Fox 31 August 2013 The Sky is the Limit In the art of color guard‚ there are many different tosses that can be used to suit the need for visual aid in a show. Each toss has a different look‚ style‚ and even difficulty range; however‚ if you can master the mechanics of one simple toss‚ you can master the toughest toss out there. All you need to do is know the structure and parts of the flag‚ learn the mechanics needed‚ and grow strong in the art of tossing
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+971.4.457.5800 Fax: +971.4.457.3164 Email: spedub@spe.org Moscow Office Office hours: 0900–1700 (GMT+4) Monday–Friday Perynovsky Per.‚ 3 Bld.2 Moscow‚ Russia‚ 127055 Tel: +7 495 937 42 09 Email: spemos@spe.org VOL. 9 // ISSUE 2 // 2013 What’s Ahead Perspective from TWA’s editor-in-chief‚ Todd Willis. TWA InterAct Responses to TWA content sent via social media. TWA Interview Dueling points of view from Ben Ayliffe‚ head
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Jacobs Division 2003 Richard Soderberg‚ financial analyst for the Jacobs Division of MacFadden Chemical Company‚ was reviewing several complex issues relating to possible investment in a new product for the following year‚ 2004. The product was a specialty coating material‚ which qualified for investment according to company guidelines. Mr. Reynolds‚ however‚ the Jacobs Division manager‚ was fearful that it might be too risky. While regarding the project as an attractive opportunity‚ Mr. Soderberg
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INDUSTRY: BRIEF History Tata Sky is set to revolutionize television viewing in India through its superior digital quality picture and sound. The service aims to empower the Indian viewer with Choice‚ Control and Convenience through its wide array of programming choices and interactive features. Tata Sky offers viewers a variety of channels ranging from entertainment‚ sports‚ movies and music to news and documentaries in DVD quality picture and CD quality sound. Tata Sky has established an extensive
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“A Gap of Sky” by Anna Hope Rikke“A Gap of Sky” by Anna Hope is a short story about a young girl caught in a dilemma between expectations and desires. It is a portrait of a young girl on drugs and a description of what the city can do to a person who stands alone without the support and care from other people. The narrator is third person and omniscient‚ and the narrative technique can be described with the phrase “stream of consciousness” which is a technique that writer and feminist Virginia Woolf
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The older one has a birthday tomorrow. ‘He’ll be very excited tonight then. The plane took off‚ Carl watched the lights of the airport grow smaller below them. Then the plane flew above the clouds and he could see the moon and the stars in the night sky. He lay back in this seat and closed his eyes. when woke up‚ Harald was sleeping. He called the air hostess. ‘Excuse me. What time to do arrive?’’11.30 p.m. local time‚ sir. That’s about half an hour from now. ‘Thank you.’ ‘Anything else‚ sir? ‘No
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To a Skylark By Percy Bysshe Shelley Hail to thee‚ blithe Spirit! Bird thou never wert‚ That from Heaven‚ or near it‚ Pourest thy full heart In profuse strains of unpremeditated art. Higher still and higher From the earth thou springest Like a cloud of fire; The blue deep thou wingest‚ And singing still dost soar‚ and soaring ever singest. In the golden lightning
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Becca Stone Research in Financial Reporting 10-22-12 Case 12-9: Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31‚ 2010? a. What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purpose of performing the recoverability test? i. FASB ASC paragraph 360-10-35-23 states that for measuring an impairment loss‚ long-lived assets should be group with other
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