Provisions and Contingencies Scenario 1 Fact: Energy Inc. (Energy‚ or the Company)‚ which operates in the oil industry‚ is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with IFRS and U.S. GAAP. A draft law in a country where Energy operates in‚ which requires a cleanup of land already contaminated‚ will possibly be enacted shortly after the year-end. Issues: Should Energy recognize a provision‚ (i) in reporting under IFRSs‚ and (ii) in accordance
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Hoang Thi Thanh Ha - 13200154 Case 14-3 Coconut Telegraph 1. Is Coconut’s February 1‚ 2012‚ arrangement with Buffett within the scope of ASC 985-605? ASC 985 -605 Software — Revenue Recognition “provides guidance on when revenue should be recognized and in what amounts for licensing‚ selling‚ leasing‚ or otherwise marketing computer software.” It defines “ Software arrangements range from those that provide a license for a single software product to those that‚ in addition to the delivery of
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ANASTASHIA J. HARRIS CSC 424 CASE 3 TRIDENT UNIVERSITY DotNetNuke uses a three-tier architecture model with a core framework providing support to the extensible modular structure. When deployed‚ which can be extended using pluggable modules and providers that enable additional functionality; the look and feel of individual sites can be customized using skins. As opposed to traditional web applications that may rely on a multitude of web pages to deliver content‚ DotNetNuke uses a
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BUS 115 – Business Law Module 2- Courts and Alternative Dispute Resolution Case 3-3 “Discovery” Should a party to a lawsuit have to hand over its confidential business secrets as part of a discovery request? Why or why not? What limitations might a court consider imposing before requiring ATC to produce this material? The party to the law suit should hand over information during the discovery phase. However‚ discovery is allowed only if the information is relevant to the claim or defense
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distributor is beneficial for the company depends on the situation and what the Raynonplus has in its vision. Here in the given case study‚ it shows that Gerald considers the success more than a trend and wants that he wants concentrates more on preserving the business as a family business‚ showing the reculantance towards not introducing any new in the family business. In case of adopting the agents‚ we need to step up same existing operational functionalities‚ which is in Ottawa‚ in France‚ which was
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Act 3 scene 4 analysis This unhappy scene focuses on Desdemona; she has become an innocent victim of Iago and Othello. From the moment he enters‚ Othello takes on the role of a persecutor. His first words in line 30 “O Hardness to dissemble!” not only comments on what he thinks is Desdemona’s “false seeming” but also reveals how difficult it is to control his feelings when he is in Desdemona’s presence. He proceeds to describe Desdemona’s hand as “hot” and “moist” in line 32. This is an allusion
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discrimination case Ms. Riyadh will have to establish a Prima Facie Case proving religious and gender or sex discrimination. The company (ABC) will have the burden of proof of proving their failure to promote Ms. Riyadh to a higher position is not related to her religion or her sex. Ms. Riyadh has to prove she was intentionally discriminated against due to said reasons. Ms. Riyadh’s Prima Facie will be based on both sex and religious discrimination. Her religious discrimination case is based on the
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Case Study 3: Fulfillment by Amazon (FBA) MIT3220-02: Management Information Systems 1. In your own words‚ summarize the differences in the sales models of Amazon retain and GearUp. While both Amazon and GearUp provide similar services‚ reselling items‚ there are many differences in the sales models of these two companies. Amazon first puts goods into their inventory and then sells these goods from their inventory. They take physical possession and sell after they already have possession of the
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Marlina Seignon EDA 601 April 25‚ 2012 Case Summary III THE BIBLE AND MRS WRIGHT CASE 13 1) Summarize the case Laurel Palm Middle School was considered to be a successful school. It was one of the top ten performing schools. For three successive years‚ it had been awarded a National Distinguished School Award. The school had had a strong culture of teaching and learning. Parents were engaged in planning school programs and improving
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Basic Marketing Case 3—Samsung 24/3/14 1. how was Samsung able to go from copycat Brand to product leader? By introducing a new top-to-bottom strategy for the entire company which Lee called “new management”. In order to become a cutting-edge product leader and not a copycat and cheap brand‚ Samsung hired new fresh young designers whom will develop sleek‚ bold‚ beautiful and that will always receive a Wow! For response new products. Also‚ the company was no longer going to work with low-end
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