Executive Summary Accounting Issues: Fraudulent Accounting Practices • $11 Billion Accounting Fraud over 3 years (1999 – 2002) by understatement of operating expenses of $7B through improper release of accruals and improper capitalization of operating expenses • management promoted culture fixed on the numbers • board of directors’ failure to scrutinize billion-dollar acquisitions • excessive loans to executives in order protect stock prices Financial Overview of WorldCom (in
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Exam Document Based Questions 1a. What policy toward the continuation of slavery does Lincoln support? As long as we do not allow slavery to expand it will eventually die out. The founding fathers of our nation first established the policy and Lincoln is just trying to bring it back. 1b. Why does Lincoln support that policy? President Lincoln supports the policy because he eventually wamts slavery to die out. He realizes that it will not go away if he just makes it illegal over night so he
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the sales‚ rather‚ it is the text messaging function which has been raking in all the income. And it sure does make economic sense. Figure this out‚ calls on landline phones cost about P5.00 for three minutes‚ while calls made to cell phones cost P9 per minute. However‚ text messages‚ about 160 characters long‚ cost only a peso per message (2001). To better appreciate its popularity‚ in 1998 alone‚ more than eighteen million text messages were transmitted in the country daily. ( 2001) The youth
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Solution – Chapter 10 E 10-9 Assets = Liabilities + Equity Date Cash Bond Payable Interest Payable Interest Expense +300‚000 +300‚000 (a) Jan 1 -12‚000 -12‚000* (b) July 1 +12‚000 -12‚000 (C) Dec 31 *(R$300‚000 X 8% X 1/2) = 12‚000 E 10-10 (a) 1. Assets = Liabilities + Equity Date Cash Bond Payable Discount on B/P +485‚000 +500‚000 -15‚000 2. Semiannual interest payments ($20‚000* X 10) $200‚000 Plus: bond
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BUS591 – Financial Statement and Analysis Week 1 Homework Assignment Templates Instructions: Only enter data in the yellow boxes. The remaining areas are already completed for you. Save the file as follows: lastnamewk1.docx Submit to the assignment box before the due date. (Late assignments will receive a late penalty). Grading Rubric: There are a total of 68 “questions” for you to answer (as determined by the yellow box). Each item is worth 0.06 points for a total of 4.00 points
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The NAEA states that students should have one hundred minutes of art instruction per week‚ with a teacher to student ratio of one art teacher per three hundred to four hundred students. As for the construction of the art room there should be a sink that is easily accessible with cupboards for paint supplies. Other shelves need to be placed in the room for the less messy items; such as‚ crayons and paper. Plenty of materials such as‚ water containers‚ painting surfaces‚ aprons‚ smocks‚ or old shirts
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would cause other profitable problems. In the end‚ P-9 and Hormel Meat packing Company became two more important parts on the negotiation table. Due to some mistakes‚ it was a failed negotiation. From the case‚ I want to analysis about the mistakes P9 made in the negotiation of the case. First‚ P-9 wasn’t fully prepared before the negotiation. Ray‚ the consultant of P-9‚ was just a consultant and not a professional negotiator. The fact was that he was an over aspiring negotiator because he set the
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P9/M4- Determination of Abstract: The aim of this experiment was to find out which alcohol burner was the most efficient when heating up water. The different alcohol burners were placed under cans full of 100cm3 of water one after the other. There was a thermometer placed in the can‚ which measured the temperature change during the experiment. It was noticeable that the most efficient alcohol burner was Octan-1-ol as its average was 16.4KJ whilst most other burners were less than 10KJ.
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Andi Korcari 11/12/14 7B Human Nature Essay What drives us to do the things we do as humans. This ranges from the way we act to separate our selves from others to our undying need for self-recognition. We do many things that we know are wrong but this knowledge is overpowered by our need for individuality and our acts of deviance contribute to our character and are just a part of our human nature. Many things play a part in the overall theme of human nature ranging from individuality and deviance
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Deloitte Sued for 7B in Mortgage Fraud Case By THE ASSOCIATED PRESS New York Times September 26‚ 2011 MIAMI (AP) — A pair of lawsuits filed Monday claim that Deloitte & Touche LLP‚ one of the nation’s largest accounting firms‚ should pay $7.6 billion in damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage company. "They certainly did not do their job‚" said attorney Steven Thomas‚ who represents those suing Deloitte. "This is one of those cases
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