industries allowing their customers to pay on credit. This action will inevitably have a direct implication on the financial statements of these firms‚ in terms of accounts receivables‚ allowance for bad debt and uncollectible debt expense. This is especially so when customers are unable to repay their debts. In this paper‚ we will examine the 2008 financial statement of four companies in the retail industry‚ namely Courts Singapore Private Limited‚ Dairy Farm International Holdings Private
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face serious penalties‚ legal fees‚ and even go to jail. In support of exclusions from gross income relating to discharge of indebtedness‚ Stevens v. Commissioner 2008 is a primary example as the court case was held in the United States Tax Court. Gerard Stevens was held responsible for determining a $21‚323 deficiency in his Federal Income Tax for 2003 and the argument was whether Stevens failed to include in income his discharge of indebtedness or if he was liable for the accuracy-related penalty
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Researching the most effective nursing practices and improving patient outcomes speaks to the science involved in nursing. For example‚ through the use of nursing science‚ I hope to find an effective way to provide mental health care for pediatric patients with terminal illnesses. Both terminal illness and mental health have a tremendous effect on the physiological and psychological
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Executive Summary: This report aims to identify the most probable outcome of Accuflow Inc.’s management buyout deal with respect to three parties‚ Accuflow management‚ Venture capitalist (Greylock and NorWest)‚ and HPC. The report will seek to identify Accuflow enterprise value from the viewpoints of the different parties and with different valuation techniques in order to come to the conclusion. Initial Scenario: The report assumes that the initial scenario of the deal is made with the $25
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Current status of public sector accounting in Malaysia- Cash Basis Accounting Revenue is only recorded when the cash is actually exchanged for example‚ when revenue is received as cash and when expenses are actually paid. http://www.quora.com/What-are-the-differences-between-cash-basis-and-accrual-basis-accounting Why government used the cash basis of accounting? Easy to learn and carry out and requires care but no special accounting skills. Well-adapted to needs of budgetary control and payment
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school. On the weekends I swim/dive‚ I play netball and basketball ( I also attend basketball club in school) as recreation. Every Sunday I volunteer for a 2- 4 hour shift at Tenovus which is a cancer charity‚ I have been at this placement for roughly three months and intend to stay for an extensive amount of time. My work experience - I completed a week at Fitrah (a private primary school) and a week at Jungle Jeans. Both these placements including my volunteer work have equipped me with many skills
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CASH VERSUS CREDIT Cash and credit are the preferred methods of payments in today’s society. Some consumers only purchase with cash‚ while others enjoy the convenience of using a credit card. There are advantages and disadvantages to using both credit and cash. Understanding the benefits‚ and drawbacks of both‚ should make it easier to decide which method is best for you. Managing your money can be a challenge whether you are using cash or a credit card. For example‚ using your credit
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I became interested in Radiography during my studies as a dental nurse. On a daily basis I saw a lot of intro oral x-rays taken during the treatment course on various patients. I saw the importance of being able to see various abnormalities and tissues before‚ during and after any procedure. I am interested in radiography because it involves both individual patient care and also sophisticated equipment. I also like the various departments where radiographers can use their skills from ante-natal
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patients. While living in the USA during my gap year‚ I audited community college classes to explore different subjects. I especially enjoyed Abnormal Psychology because most of our homework assignments consisted of writing research papers‚ for example on autism. Through this experience I gained invaluable skills‚ such as critical thinking‚ data analysis‚ persistence‚ problem solving‚ time management and organization skills. While reviewing literature‚ I realized that causes of many brain and mental
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As far as my memory is clear‚ I have always been fascinated with the human mind. This fascination has never left me but grown through the years. A number of factors have contributed to development of my intense passion towards the scientific study of the mind. It enthralls me to study and understand the innumerable and marvelous aspects of mental processing like attention‚ perception‚ problem-solving‚ decision making‚ judgments‚ reasoning and others and the role they play in an individual’s everyday
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