Introduction to Corporation Accounting CORPORATION - an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence (New Corporation Code of the Philippines). A corporation is an entity created by law that is separate and distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation The characteristics
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notion "corporation" in English and American law; the Philippine Commission enacted the Corporation Law (Act No. 1459)‚ to introduce the American corporation into the Philippines as the standard commercial entity and to hasten the day when the sociedad anónima of the Spanish law would be obsolete. The statute is a sort of codification of American Corporate Law. Harden v. Benguet Consolidated Mining‚ 58 Phil. 141 (1933). 2. The Corporation Law The first corporate statute‚ the Corporation Law‚ or Act
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MULTINATIONAL CORPORATIONS UNIT CODE: SPO 445 TOPIC: TO VALIDATE THE NORTION THAT MULTINATIONAL CORPORATIONS HAVE INFLUENCED THE CONDUCT AND BEHAVIOUR OF STATES An Assignment submitted to the department of Arts and social sciences in partial fulfillment of the requirement for the award of bachelor’s degree PRESENTED BY: SIMON OMONDI BASS/KC/PT/132/11/12 PRESENTED TO: MR. R. S. NG’AYO NOVEMBER‚ 2013 Table of Contents Introduction1 The nature of Multinational corporations2 The
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Parts Of Speech: Pronouns * PRONOUN: a word that replaces a noun without specifying a name. * He was tired. In this sentence‚ he is the pronoun‚ replacing the name of the person who was tired (Jack was tired) or some other identifier (The boy was tired). * ANTECEDENT: the word to which a pronoun refers. * Because Jack left in a hurry‚ he forgot his lunch. In this sentence‚ Jack is the antecedent and he is the pronoun. Types of pronoun * DEMONSTRATIVE PRONOUNS: the
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Text 1. WHY DO MULTINATIONAL ENTERPRISES EXIST? Why do multinational enterprises (MNEs) exist? This seems to be a silly question. The answer seems to be simple – because they are profitable! But the issue is more complicated than it sounds. There is some agreement that five different pieces together provide a good explanation of why multinational firms exist (and why they are as large as they are. The combination of these five pieces into a framework for understanding multinationals is often called
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Miguel Corporation and A. Soriano Corporation) I. CURRENT SITUATION A. Current Performance According to Soriano‚ the companies had developed their budgeting and long-range planning system several year earlier but‚ despite the many advantages these gave them‚ they still were not satisfied with their ability to respond to the rapid changes in the environment around them. They‚ therefor‚ search for a process that would enable them to upgrade their planning capability. B. Strategic
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Torts is an important part in The Wrong Act. This assignment will presentation in three parts. In the first Part‚ what is torts will first be discuss‚ Then‚ The Wrong Act and the intention of Wrong act will be mention. At the end of first part‚ this report will give a summary of the purpose and intent of torts in The Wrong Act 1958. Due to the conflicting provisions in each Act‚ problems has create from the differences‚ anomalies and inconsistencies. In the second part‚ this assignment is going
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Part A) "Kingdom of Heaven" -Movie Questions- 1. Why were people fleeing Europe to join the Crusades? People were fleeing Europe to join the Crusades in search of fortune or salvation. Europe was in a state of disease‚ poverty and famine; the people suffered greatly. During the Middle Ages‚ illness and misfortune was considered punishment from God for sins committed. It was thought that in order for people to be free of their despairs they had to ask for forgiveness and find salvation. That was
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User Brooke B Hewitt Course BA 520: Financial Strat/Tech(68796-W15) Test Part 5 Quiz Started 1/13/15 2:46 PM Submitted 1/14/15 2:48 PM Status Completed Attempt Score 75 out of 75 points Time Elapsed 24 hours‚ 1 minute. Instructions Question 1 3 out of 3 points A rapid build-up of inventories normally requires additional financing‚ unless the increase is matched by an equally large decrease in some other asset. Correct Answer: True Question 2 3 out of 3 points As a firm’s sales grow
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1. Despite its growth and size‚ why is Inventec not very profitable? Several factors may attribute to the low profitability of Inventec in the past few years. Firstly‚ they are operating in a dynamic electronic industry with very short product life cycle. The design of a new product may obsolete in a very short period of time‚ the reliance on frequent technology innovation determined the high industry’s inherent risk. Second factor is the intense competition and the clients and suppliers have comparatively
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