1. What is the MOST critical issue the US is facing today? The US is facing many critical problems‚ but one that does stand out has to be unemployment and the government not wanting to work for the people. I do agree that some Americans are unemployed for various reasons‚ but there certainly has to be a limit for that. I’m sure more than half of the unemployed Americans in the US are on welfare‚ which also puts a damper on the economy. I can use many examples of people I know. There’s people who
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Case 10-2 1. Ida needs to test the U.S. commercial building for recoverability under both U.S. GAAP and IFRSs. Recoverability test is one of the requirement tests for impairment. As a result‚ we need to verify if impairment should be recognized. 2. The impairement is $600‚000. GAAP methodology of determining impairment uses a two-step recoverability test. Step one‚ requires a company to estimate the future undiscounted cash flows expected from the use of that asset and its eventual disposition
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CAS 11-2 Amerbran Company Amerbran Company was a diversified company that sold various consumer products‚ including food‚ tobacco‚ distilled products‚ and personal care products and financial services. Financial statements for the company are shown in Exhibit 1. The 20X1 financial statements reflect the following transactions (dollar amounts are in thousands): 1. Depreciation and amortization expense was $115‚974. 2. Net income included a loss of $66‚046 resulting from the write-off
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Case the Mystery of the Disappearing Oil Mat Jon Weakness 1. Increases in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases
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George Washington: American Hero George Washington was a great guy and a great leader. But what do you really know about him? About his childhood and about his life. But did George’s childhood affect his biggest accomplishments and failures? Little is known about his childhood. That’s why people make up stories to fill in the dark spots. Like how he chopped down a cherry tree then confessed to it. He was homeschooled from age 7 to 15. But he studied with a local church. And became a schoolmaster
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If you are looking for a degree that can land you a good job‚ a high degree of job security‚ and available options when it comes to finding an employer‚ an accounting degree could be a great choice for you. There is a price to be paid for the popularity of accounting roles though‚ as the work is not always easy‚ there can be a high degree of detail oriented work involved‚ and most of the duties involved require a rather sedentary style of work.Accounting is largely the understanding‚ tracking‚ and
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Admissions Subcommittee Appeal Toby J Watase W.S.U. # xxxxx Why is a Washington State Education important to me? Washington State has been my dream college since I was a baby. It has been my families university of choice. The two most influential in my life Uncle Tony Grafton and Grandpa Donald Grafton‚ both alumni‚ raised me as a cougar. At my birth my Uncle Tony Grafton showed up at the hospital with a stuffed cougar from the WSU bookstore that sang the fight song and a baseball hat. At
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seen or of hearing George Washington. President / general Washington was one of the main founding for fathers of our country. Throughout his life he had a lot of things that happened and they were once in a lifetime opportunity. He had a pretty interesting and complicated childhood as a young child. Then when he was older he became something great did some amazing things that have formed our country today . This is just a little bit that our founding father‚ George Washington has to offer towards the
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Table of Contents The purpose of accounting 3 The objective of accounting 3 Important to the company 4 Accountant ’s integrity 5 Technologies impact on the accounting profession 5 Conclusion 6 Bibliography 7 Accounting for Non-Accounting Majors The purpose of accounting Is to gather and report financial evidence about the cash flow‚ performance‚ and financial position of that business. “Once this information has been entered into the accounting records‚ it is then made into a financial
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University of the South Pacific Faculty of Business and Economics School of Accounting and Finance ------------------------------------------------- AF101 – Introduction to Accounting and Financial Management Part 1 Major Assignment: BUSINESS REPORT Weighting: The total mark for this assignment is 100 marks and is worth 10% of your total assessment. Due date: 2 May Thursday 8.00 am – 12 midday at the School of Accounting & Finance office. ALL ASSIGNMENTS HANDED IN AFTER THIS TIME WILL
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