discretion in financial statements for purposeful adjustments of earnings figures beyond the true and fair view (Leuz et al. 2003‚ cited by U. Schäffer et al.‚ 2012). There are two methods which are Income Smoothing and Big Bath. “Income Smoothing involves taking steps to reduce the good years and defer them for use during the business down-turn years” (Gin Chong‚ 2006). In comparison‚ Big Bath manipulation in the financial statistics indicates a great fluctuation. However‚ Income Smoothing is more ethical
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“While remaining pro-marriage‚ some would argue that divorce can‚ unfortunately‚ be the best of two bad alternatives” (Balswick & Balswick‚ 2014‚ p. 309) What are the authors referring to here? I believe that Balswick & Balswick statement is referring to families that commit to stay married despite the unhealthy dynamics that are being created within themselves as a married couple and as a family union. Marriage is a commitment‚ if the foundation of a home is unsustainable (unhealthy or unsafe)
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1 Income Inequality The rich‚ the middle class and the poor. These so-called "titles" are defining Americans today. What is income inequality and why is it a problem? Income inequality is the extent to which income is distributed in a population. In the United States‚ that gap between the poor and the rich has expanded immensely over the past ten years. Income inequality is a constantly debated topic today with different opinions and solutions; economists‚ writers‚ and politicians all have different
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Pro Life or Pro Choice ? The terms "pro-life" and "pro-choice" generally boil down to the question of whether the individual wants to see abortion banned‚ but there’s more to the debate than that. Let’s explore‚ briefly‚ what the central arguments are about. The Pro-Life Issue Spectrum To say that someone is "pro-life" is to say that the person believes that the government has an obligation to preserve all human life‚ regardless of intent‚ viability‚ or quality-of-life concerns. A comprehensive
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treated as equals from birth therefore any egalitarian would stand in a position that favors equality. Having stated that‚ an egalitarian would therefore have agreed with the statement that income inequality is morally wrong as they automatically become morally suspicious regardless of the context if one person earns more income than another or even acquires
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Sheet completes this calculation for you‚ based on inputs that are provided in the top portion of the “Assumptions and Statements” tab. In completing this task‚ you’ll need to address some accounting issues highlighted in the case. Kerr’s job is to try to unwind accounting choices that might provide transitory increases in Net Income‚ which would have the effect of overstating Net Income‚ and hence the value of Dragon Soup. The goal is to establish the true value of Dragon. This exercise is not intended
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Every second‚ 1.5 acres of trees are cut down in a rainforest. That’s equivalent to two football pitches per second. At this rate‚ the Amazon rainforest will become devoid of life by 2030. Cutting down trees not only damages large habitual areas of the estimated 30 million people who live in the rainforest along with the animals they solely depend on‚ but affects the environment in many harmful ways. This can be through rapid and violent changes in the climate‚ an unbalanced ratio of carbon dioxide
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Overconsumption: The Major Environmental Concern of Today By Ashley Miller Overconsumption: The Major Environmental Concern of Today Our planet and life as we know it is in grave danger! Did you know that‚ in 2007‚ humans need for natural resources had surpassed the amount of resources the earth had to offer by fifty percent? What this means is that it would take one and a half planets to fill the overwhelming need for natural resources in order to serve mankind. By 2030‚ people will require
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Memorandum –to-the- File: Comprehensive Income Date: June 5‚ 2013 RE: Question about the definition or example of comprehensive income. Facts: I have been contacted by my client who has asked the question about the definition or example of comprehensive income. In recent years‚ there is increased use of fair values for measuring assets and liabilities. Furthermore‚ possible reporting of gains and losses related to fair value has placed a strain on income reporting. Because fair values are continually
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During the presidential elections many issues arise‚ one of which is income inequality. The idea of economic reality and how people earn‚ use and distribute their property is the basic starting point for understanding the nature of inequality in society. The debate arises on what gives a person right to property‚ and whether or not the government has the right to redistribute property from those more wealthy in order to create equality for those who have less. Of course‚ people can and will differ
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