CHAPTER 9 ALTERNATE PROBLEMS Problem 9.1A Determining the Cost of Plant Assets Podunk College recently purchased new exercise equipment for its gym. The following information refers to the purchase and installation of this equipment: 1. The list price of the equipment was $180‚000; however‚ Podunk College qualified for an “educational discount” of $30‚000. It paid $20‚000 cash for the equipment‚ and issued a 3-month‚ 12% note payable for the remaining balance. The note‚ plus accrued
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Proceedings of the 5th Asia-Pacific Structural Engineering and Construction Conference (APSEC 2003) 26 – 28 August 2003 Johor Bahru‚ MALAYSIA HAZARDS AT CONSTRUCTION SITES Abdul Rahim Abdul Hamid1‚ Wan Zulkifli Wan Yusuf2 and Bachan Singh3 1‚2 &3 Department of Structures and Materials‚ Faculty of Civil Engineering‚Universiti Teknologi Malaysia‚ 81310 UTM Skudai‚ Johor‚ Malaysia. rahimhamid@utm.my‚wanzul@fka.utm.my and bachans@utm.my Abstract. Statistic has shown that the number of fatality
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THE SOCIAL CONSTRUCTION OF DRUG SCARES. 1. Craig Reinarman’s article describes how moral entrepreneurs (in America in this instance) take advantage of the law and the middle class group through labeling groups of people who do not conform to their social expectations as deviants. His article briefly describes the key role players of drug scares‚ the motivation that lies behind drug usage and the social context that enhances their development and growth. Background Alcohol and prohibition
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Marks & Spencer Sustainable Construction Biodiversity GuideContents Foreword 03 Introduction 05 How to use this guide 07 The M&S biodiversity process 08 - M&S biodiversity process diagram - M&S Site Biodiversity Action Plan (SBAP) requirements Guide to biodiversity design features 16 - Building level design features - Building curtilage level design features Case study of M&S Ecclesall Road store‚ Sheffield 45 - Photos of the site - Extracts from the ecological
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Rationale Construction Industry is a complex‚ dynamic and multidisciplinary organization that is characterized by uncertainty and very innovative due to the uniqueness of its products. The industry faces a lot of pressure in the areas of improved processes that will encourage efficiency in the project success criteria. This assures its Clients of a timely delivery of a project on budget and to the required quality and standard. (Latham‚ 1994)‚ in his report‚ ‘Rethinking Construction’ had elicited
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The objectives of a review in accordance with the statements on standards for accounting differ significantly with those of audit financial statements in compliance with the general accepted auditing standards. During a review the accountants will perform analytical procedures and will obtain their information from asking the management a variety of questions rather than obtaining an understanding of the internal control structures and obtaining evidential matter throughout inspection‚ observation
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innovation has led to the discovery of new approaches to best practice by different players in the construction industry in the United Kingdom. These efforts have been initiated with the view to increase understanding of the needs of key business areas as well as increase client‚ users and stakeholders ’ value. In this regard experts in the field of construction have proposed "rethinking of construction" (Egan 1998) by strategically rethinking operational stages in order to decrease cost and improve
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almost all the countries construction industry is one of major industries‚ which impacts greatly on the GDP. In any country‚ the construction industry is recognized as an economic regulator which plays a major role in the economy‚ providing significant contribution to the national economy. (Cheung et al. 2006). Prefabricated construction has become the new era of construction with the development of the technology. With the modern developed economy‚ duration of a construction project and labour requirements
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Company No.: 12345-X ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010
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CHAPTER 4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income
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