SECTION B In the examination answer booklet complete each of the following short answer questions as required. Question 21: (4 marks) What is a cash generating unit? For the purposes of asset impairment testing‚ when is it necessary to consider cash generating units rather than the individual assets comprising the unit? Question 22: (4 marks) Explain the general nature of the accounting requirements specified in AASB 1039: Concise Financial Reports. Question 23: (4 marks) Define the terms
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broader society. As conveyed in Robert Gray’s poem‚ “Flames and Dangling Wire”‚ the audience is invited to discover both the grim experiences at a rubbish dump and in turn uncover the frightful vision of carelessness and environmental degradation in our world. From stanza one‚ we as an audience are presented with an the visual imagery of an ever burning rubbish dump. As a society‚ we are lead to believe that harsh environmental impacts are out of our reach‚ due to the far distance between us and the problem
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A COMPARATIVE ANALYSIS OF CORPORATE REPORTING IN NIGERIA AND IN THE UNITED KINGDOM Abstract; This paper presents a comparative analysis of corporate reporting in Nigeria vis-à-vis UK. It describes the key factors in the business environment which influenced accounting system development as well as the regulatory frameworks. It tabulates and compares significant accounting rules and methods prescribed by both UK and Nigerian GAAPs‚ using the Financials of Dangote Cement Plc‚ a hugely market capitalized
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Litter and rubbish are great problems‚ aren’t they? Litter is garbage like food‚ paper and cans on the ground or in the street. Where many people live together‚ litter is a problem. People don’t always put their garbage in the garbage can. It’s easier to drop a paper than to find a garbage can for it. But litter is ugly. It makes the city look dirty‚ and it spoils the view. Litter makes the city look unattractive and can cause further problems like attracting pests. Food litter attracts pests such
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we usually happened in real life I think it is true that in almost every country today each household and family produces a large amount of waste every week. Most of this rubbish comes from the packaging from the things we buy‚ such as processed food. But even if we buy fresh food without packaging‚ we still produce rubbish from the plastic bags used everywhere to carry shopping home. The reason why we have so much more on a daily basis than families did in the past. Convenience is also very
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People. Waste disposal includes treatment in the land and on the water. In the land‚ Cat Ba has only one landfill‚ Dong Trong. It is not far from Hung Son block( about 8km)‚ the point of storing rubbish through all sites of Cat Ba and surrounding areas with the volume of 40m3/day. Each day‚ the rubbish is buried and prayed three times. However‚ the landfill has not met hygienic standards so that the pollution here is adversely affecting people’s lives in this area. In reality‚ there are some campaigns
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1. Describe what is meant by diversity and why is should be valued. Diversity can be differences in race‚ heritage‚ customs‚ belief systems‚ physical appearance and mental capabilities. Diversity should be respected and valued because nobody is completely the same as anyone else‚ even within the categories above. People tend to reject what is different. Our differences can lead to growth as a society or it can lead to violence and hatred. We must value our diversity in order to work together
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PPE – Cost Problem 11 – 1 On August 1‚ 2012‚ Benigno Company purchased a new machinery on a deferred payment basis. A down payment of P 500‚000 was made and 4 monthly instalments of P 1‚250‚000 each are to be made starting September 1‚ 2012. The cash equivalent price of the machine was P 4‚750‚000. Benigno incurred and paid installation costs amounting to P 150‚000. What si the amount to be capitalized as a cost of the machine? a. P 4‚750‚000 b. P 5‚500‚000 c. P 4‚900‚000
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the main problems of the residents concerns uncollected rubbish (point 1). Initially‚ rubbish was collected three times a week. However‚ since August this year the garbage collectors have only been coming once a week. Our litter bins are always filled to the brim and we have no choice but to leave the bags of rubbish next to the bins. The rotting waste causes a terrible stench (point 2). Furthermore‚ stray cats and dogs scatter the rubbish (point 3) in searching for food. This leads to unhealthy
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China’s Renminbi: “Our Currency‚ Your Problem” Our Currency‚ Your Problem is a case involving the issue of exchange rate regimes and the impact currency manipulation has on economies and trade. The United States and Europe argued that the Renminbi (RMB) was undervalued and claimed that the People’s Bank of China (PBoC) deliberately manipulated the exchange rate to lower the prices of exports‚ which caused the US and Europe to run huge trade deficits with China. The US and
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