FASB Codification Research Project #1 (a) Briefly describe how pension gains and losses are accounted for. According to FASB ASC 715-30-35: 35-21 Gains and Losses Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations and curtailments and other circumstances in which recognition of gains and losses as a component of
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Principal –agent conflict arise because managers & shareholders view the role of the corporation differently. Investors see corporation as investment vehicles. Shareholders want corporate managers to work diligently and efficiently towards the simple goal of maximizing the value of their ownership stake. However‚ the relationship between the managers of a corporation and its owners is complex. The principle of self-interested behavior tells that people‚ including managers and stockholders‚ work
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Philosophy 100 Friends are Essential Having people in your life who will be there when you need them is important so having friends is essential. I claim that having friends is essential because without any we would have limited interaction with people and with no interaction we would be very unhealthy mentally. This may be controversial because you here all of the stories of supposed friends stabbing each other in the back figuratively. This might make most want to say “I will be better
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elaborate upon the duties that a principal owes to an agent. Answer: An agency is the creation of a contract entered into by mutual consent between a principal and an agent. By agency‚ a principal grants authority to an agent to act on behalf of and under the control of the principal. A principal owes certain contractual duties to his/her agent by an agent will serve the principal loyally and with obedient. The principal duties can be found in section 172
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Media Should Be Fair In Political Issues In Malaysia ‘MEDIA SHOULD BE FAIR ABOUT POLITICAL ISSUES IN MALAYSIA’ UNIVERSITI TEKNOLOGI MARA FOUNDATION IN LAW (PI007) FACULTY OF LAW BEL342‚ ENGLISH TO ACADEMIC PURPOSES‚ SEMESTER 2‚ CLASS LWA02B MADAM HASNAH BT CHE ANI JANUARY 7‚ 2011 Introduction : The media are essential in the modern world of democracy because it can inform the people and influence their decisions in private and public life. It may also seek to lay down an agenda
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Socrates was a Greek philosopher‚ who is often considered to be the father of Western philosophy‚ and a key figure in the development of Western civilisation. "The unexamined life is not worth living for a human being." Socrates - Republic 38c He left no actual writing so impressions of Socrates have come primarily from the writings of his student‚ Plato. There are also other contributions from Xenophon and a contemporary playwright - Aristophanes. It is possible that Plato embellished the legacy
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Freight Forwarders can act as either a Principal or Agent. Describe in your own words the differences between each. Under what circumstances might a Freight Forwarder want to act as either a Principal or Agent? When Freight Forwarders act as principal‚ they assume all responsibility and liability for the pick-up‚ handling‚ transporting and delivery of the shipment as a regular common carrier would. Their name is on the BOL. When a Freight Forwarder acts as an agent‚ their liability ends once
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Philosophy 1. How are Plato’s and Descartes’ views of the soul/self similar? Both Plato and Descartes believe that the soul/self is best (or only) to think and learn separate from the body and its faculties. According to Plato‚ “the soul reasons best without bodily senses.” Plato claims that sight‚ hearing‚ pain‚ and pleasure are a distraction to the soul in its search for reality‚ and that true knowledge can only be achieved with pure thought alone. “The body confuses the soul and prevents
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MY FAREWELL SPEECH – 1994/95 Principal Sir‚ my loving teachers‚ and my fellow Tenacians: Words don’t come easy to me when it comes to speaking on an occasion like this. All throughout my school life‚ I’ve seen batches of students being bade farewell by the school and in all those times‚ I’ve feared the day when I’ll be among those stepping out of the doors of this institution for ever. Today‚ the time seems to have come for me too to make a transition from present to history. I don’t know
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Jennifer Meshulam Final/Phil 301 Dr Kassner Ego vs. Ego Buchanan’s philosophy is that to enhance means to make better. Sandel agrees but‚ when talking about the human race‚ to play with the genetic makeup could very well exterminate the human race all together. If nothing else it would make the experience of life boring. Both Philosophers have done their research on Genetic Enhancement. Buchanan talks of enhancing every aspect of human life from‚ mentally through physically to complete
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