statements. (B) Present an asset for prepaid pension costs on U.S. GAAP financial statements. Disclose the circumstances. IV. Choice: (B) V. Justification: Asset: All three characteristics of an asset are not in dispute. There will be a future net cash inflow‚ and this inflow results from a past transaction and the company can obtain and control the future cash inflow. It is obviously‚ this pension contribution occurred in the past and the plan assets will
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Many solutions exist to reduce the negative externalities of plastic bags. The three main solutions available are taxations on plastic bags‚ bans on plastic bags and subsidies to improve methane capture technologies. The following provides a discussion on each of the solutions‚ including the advantages and disadvantages of each solution: Solution 1: Taxation on plastic bags Imposition of a tax equal to the cost of the negative externality can internalise the externality amongst consumers and
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SUNSTEIN & VERMEULE 58 STAN. L. REV. 703 1/9/2006 10:51:05 AM IS CAPITAL PUNISHMENT MORALLY REQUIRED? ACTS‚ OMISSIONS‚ AND LIFELIFE TRADEOFFS Cass R. Sunstein* and Adrian Vermeule** Many people believe that the death penalty should be abolished even if‚ as recent evidence seems to suggest‚ it has a significant deterrent effect. But if such an effect can be established‚ capital punishment requires a life-life tradeoff‚ and a serious commitment to the sanctity of human life may well compel‚ rather
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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on your division ’s net income targets that you must meet. This year that target is $1.5 million. You are authorized to sign off on any decision made within your division. You are faced with the following situation: On November 15‚ your division of the company ordered $150‚000 worth of supplies in anticipation for the seasonal rush. Most of these supplies will be used by year-end. These supplies were delivered on November 30. If you record this expense this year‚ your net income will be $1.45
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Background of the Case The Centers for Disease Control issued a recommendation on June 29‚ 2006 that a new vaccine for the human papillomavirus be given to girls around the age of eleven to twelve to prevent this disease that was affecting nearly half of the United States population. The HPV vaccination was said to be most effective before there was any sexual activity with the girl‚ and that it would prevent about 75 percent of the 27‚900 cases of cervical‚ vulvar‚ vaginal‚ anal‚ penile‚ and head
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ability to predict the consequences of an action to a utilitarian; the choice that yields the greatest benefit to the most people is the choice that is ethically correct. Deontologists believe that people have a duty to act accordingly to a rules-based thinking‚ regardless of the good or bad consequences that may be produced. Deontologists live in a universe of moral rules‚ where it is believed that humans have a duty to do the right thing‚ even if it produces a bad result. The ethical concept of Virtue
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and obligation. It also argues that one must obey the rule of right conduct that has been put in place in our society (Ross & Malloy‚ 1999). Deontologists argue one has the duty to protect the rights and autonomy of individuals (Rensburg et al‚ 2013). In Canada‚ there are laws and policies that promote autonomy and freedom of choice therefore a deontologist argues that the mandated choice of organ donation restricts some aspects of individual autonomy and informed decision making. Besides‚ Kant’s
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http://www.internetevolution.com/author.asp?section_id=526&doc_id=144810 Whitt‚ R.‚ & Counsel‚ W. T. (2010‚ 8 12). Google Public Policy Blog. Retrieved 12 5‚ 2010‚ from Google Public Policy Blog: http://googlepublicpolicy.blogspot.com/search/label/Net%20Neutrality
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deontology is‚ how the school of thought views stem cell research‚ and how deontology provides adequate guidance action for stem cell research. The deontological theory contends that right and wrong are determined by the consequences of an action. Deontologists do not negate that consequences are significant but they believe there are more relevant aspects to the moral duty of the action. Deontology mainly focuses on Immanuel Kant and W.D. Ross. Kant based his view on moral principles that define between
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