Common law 1 Common law Common law‚ also known as case law or precedent‚ is law developed by judges through decisions of courts and similar tribunals rather than through legislative statutes or executive branch action. A "common law system" is a legal system that gives great precedential weight to common law‚[1] on the principle that it is unfair to treat similar facts differently on different occasions.[2] The body of precedent is called "common law" and it binds future decisions. In cases
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries
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Different dialect‚ different status‚ different identity? By: Angelina Costan What does the way we speak a language have to do with status and identity? Eliza Doolittle‚ who once was a flower girl‚ is now a noble lady. Her weird English dialect has changed into proper English‚ and now she is seen as an upper-class woman It appears that a dialect has a special role of determining someone’s status and change of dialect changes the person’s status in the society and identity. Is it true? People
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themed thriller starring Tom Cruise and Gene Hackman‚ The Firm was one of the movies revolving around Partnership and the related laws. Mitch McDeere‚ played by Tom Cruise‚ is a newly employed associate at Bendini‚ Lambert & Locke and a graduating law student from Harvard. Although gladly absorbed by the company through tempting salary packages‚ McDeere finds out the firm’s illegal activities causing him to be in action. Generally‚ The Firm is not only a partnership concern. It includes related laws
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In our world of multicultural people we got used to hear different languages everyday‚ which brings up the questions if a country should be bilingual or have common language to unify. Charles Krauthammer essay “Let’s make it official” claims that we need a common language to be unified culture. A country is diverse in different culture but could be unified in language. It is necessary to understand what nationhood is‚ so that you the reader realize that a national language does not alter a nation
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Fraud at Electronic Game Card‚ Inc. Krista L. Farmer Dr. Randolph A. Stanley‚ Professor ACC499 – Accounting Undergraduate Capstone November 17‚ 2012 Fraud at Electronic Game Card‚ Inc. Discuss the nature of the fraud and the impact to the company as a result of the fraudulent activity. Electronic Game Card Inc. develops‚ produces‚ and markets electronic‚ credit card sized games to the casino‚ lottery‚ toy‚ game‚ education‚ and promotional industry worldwide. Chief
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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