How should a company account for the legal costs of formation? Should the accounting treatment be the same as that for underwritten and other share issue costs? Generally it is recorded as the asset but as it does not have any economic future benefits to the company and it occurs only once so it should be treated as intangible assets. Under paragraph 69 of AASB 138‚ intangible assets does not allow the initial cost to be treated as an asset which needs to be treated as an expense and should be
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Pinnacle Case Study a. External users’ reliance on financial statements: 1. The company is privately held‚ but there is a large amount of debt‚ so the financial statement -may be used extensively. Also‚ management is considering selling the Machine-Tech division‚ which has the potential to result in extensive use of the statement by buyers. 2. Item 6 in the planning phase indicates plans for additional debt financing. Likelihood of financing difficulties: 1. The solar power engine business
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PART V OF THE CONSTITUTION DONE BY‚ K.M.OOMMEN 08D6036 1ST YEAR‚ BA.LLB. TABLE OF CONTENTS 1. List of Cases Pgs. 1-10 2. Introduction Pgs. 11-12 3. Methodology Pg. 13 4. Chapters Pgs. 14-48 (i) The Executive Pgs. 14-28 (ii) Parliament Pgs. 29-34 (iii) Legislative powers of the President Pgs. 35-38 (iv) The Union Judiciary
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Riordan Manufacturing Part 1 BSA 375 October 7‚ 2013 Riordan Manufacturing Part 1 Riordan Manufacturing is an industry leader in its field and is committed to providing its employees and business partners with efficient and professional service. The hardware‚ software‚ and processes that make up Riordan’s Human Resource Information System (HRIS) pose a major obstacle to its continued success and aspiration of becoming a green company. In response to these challenges with its current HR
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A. Review Part II and identify information that affects your assessment of acceptable audit risk. Note that only some of the situations in Part II will relate to acceptable audit risk. Classify the information based on the three factors that affect acceptable audit risk. • External users’ reliance on financial statements o There is a large amount of debt for a publically held company‚ and the financial statements will be used rather extensively. o Situation 6: the board of directors has decided to
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Additive layer manufacturing for aerospace parts ES Technology Additive layer manufacturing ES Technology has revealed that additive layer manufacturing (ALM) for direct part production has been embraced by a number of manufacturing sectors‚ not least the aerospace industry The ability to produce components in a range of materials including hot-work steels‚ stainless steel‚ cobalt chromes and Inconel‚ plus titanium and aluminium alloys‚ presents the aerospace industry with large potential for
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\ Pinnacle Foods Inc.: Initial Public Offering MACKK Consulting Group BSAD 444.20 April 1st‚ 2013 Company History Pinnacle Foods Group is a food packaging company specializing in shelf stable and frozen food categories. The company was formed in 1998 as Vlasic Foods International‚ acquiring several food-manufacturing brands such as Swanson TV dinners and Open Pit from the Campbell Soup Company. Pinnacle’s portfolio of iconic brands dates back in existence to the 1800s. The earliest brand
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Question 1 (Statement of the Problem) Pinnacle Machine Tool Company is an example of an opportunity and a problem that needs to be examined. The CEO of Pinnacle‚ Don Anglos‚ has the opportunity to acquire Hoilman Inc. If Pinnacle Machine Tool Company acquires Hoilman Inc‚ they have the resources to develop software that transmits real-time information on its customers’ equipment. This advantage will enable the company to upgrade itself and be more sufficient to its customers. However‚ CFO and
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STATEMENT/RECOGNITION OF DECISION REQUIREMENT/PROBLEM Facts of the Case Pinnacle is a small‚ publicly held Indiana-based machine tool company which is currently losing market shares due to aggressive pricing which have an impact on its profit margin. Don Anglos‚ Pinnacle’s CEO‚ heard a credible rumor that a chief competitor of Pinnacle is planning a hostile takeover of Hoilman‚ Inc. Don Anglos has to decide whether Pinnacle should attempt to acquire Hoilman‚ Inc.‚ a company known for its cutting-edge
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Beauty Of Pinnacle At Duxton – An Overview Pinnacle at Duxton is the tallest unique housing project completed in 2009 situated in Singapore.80% of Singapore people living in Government houses. Because constructing a house in Singapore is very costly. Pinnacle is one of the important Government house in Singapore. It is the world’s first housing project that links seven towers with two sky bridges. Pinnacle has two longest sky garden of 500meterplaced in 26th and 50th floor. It have a total of 1848
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