Define and explain “Fresh Start Accounting”. Generally‚ when emergence occurs‚ a company’s balance sheet is to be restated to Fair Value‚ as required by American Institute of Certified Public Accountants. Fresh Start accounting gives a breath of bookkeeping fresh air to a company that has emerged from bankruptcy. Then‚ upon emergence from bankruptcy‚ the consolidated financial statements of the “successor Company” apply the provisions of the fresh start accounting in according to Generally Accepted Accounting
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Summary Purposes of the Balance Sheet 1. A balance sheet‚ or statement of financial position‚ summarizes the financial position of a company at a particular date by reporting the economic resources (assets)‚ the economic obligations (liabilities)‚ and equity. It reports a company’s resource structure (major classes and amounts of assets) and its financial structure (major classes and amounts of liabilities and equity). It is a detailed explanation of the basic accounting equation: Assets =
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Unit 1. Assignment 1. Homeostatic Imbalances Ericka Keil 3-26-13 A & P Homeostasis is the maintenance of somewhat stable conditions inside the body. Each and every body structure contributes in some way to keep the inside of our body’s and its functioning within normal limits. It is extremely important for proper functioning of all the human body systems. Sometimes our body fails like with Diabetes for example. Glucose is the main sugar that comes from the digestion
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increasing for that 3 years period and a business has a relatively poor rate of return on asset.The current and quick ratio was decreased in 2012 to 5‚02 times and 2‚66 time but the business still be able to pay its debt‚ there is a problem with account receivable because the business still difficult to collect the money from debtor which caused the percentage still increasing and it hard for business to freeing inventory The business is considered good‚ because low amount of debt‚ the increasing
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According to Kaplan R. S. & Norton D. P. (1996)‚ the balance scorecard enhances the traditional financial measures with standards for performance in three non-financial areas like relationship between company and customer‚ internal business process and‚ learning and growth. It will assist the company to coordinate its’ operation and ensure all businesses activities parallel to the company’s strategies. The balance scorecard consists of four processes that combine short-term activities to long-term
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Trial and Execution Last Trip Abroad • July 31‚ 1896—Rizal’s four-year exile in Dapitan came to an end. • On board the steamer Espana‚ he left Dapitan amidst tears of Dapitan folks who bid him goodbye. • August 6—he arrived in Manila but missed the ship Isla de Luzon for Spain because it departed the previous day. Last Trip Abroad • Writing to Blumentritt‚ Rizal mentioned this episode: “Unfortunately‚ I did not catch the mail ship for Spain‚ and fearing
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Question Mark 1.Expand the following compound nouns:1.Weather report.2.Hairpin bend.3.Rubber pad.4.Fast food Mr.JA/ENG 2 2.Write a paragraph comparing and contrasting mobile phone and landline. Mr.JA/ENG 16 Cause & Effect Expression 1.1. A nail has pierced the Tyre. The essential commodities have become costlier. 2. Safety precautions were not observed. There were many accidents in the factory. 3. Many prefer private vehicles for commutations. It is over crowding in public transport. 4
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Trial by Media The justification system is quickly being scorched in America by how the media manages all lurid cases. People are getting prejudged by the press and public before any legal action has taken place. I believe it is completely amiss for the media to interpret whether a person is guilty or innocent‚ before or even after a verdict has been established in a court of law. Take O.J. Simpson’s case for instance. Simpson was accused of murdering his ex-wife‚ Nicole Brown Simpson. This
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each of the following exercises to reflect your mastery of the concepts described in Chapter 2. Create your revisions directly on your screen‚ save your response‚ and send it to your instructor as a Word attachment in Blackboard mail. To help you‚ the solutions to several problems are already provided. Be sure to type your answers at the indented points after each enumeration to avoid the problem of automated numbering. AUDIENCE BENEFITS AND THE “YOU” VIEW Revise the following sentences
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Identify the primary and secondary sentence elements in the given exercises‚ as well. Identifying Indirect Objects. Underline the indirect object in each of the following sentences. Label direct objects with the initials d.o. (Note: all sentences are the same -"to whom?") d.o. Example: Bill lent Howard his jacket. 1. Lisa told the children a story about an elephant. 2. Give me one good reason for doing that job! 3. Pat gave Dick a record for his birthday. 4. We mailed Barbara a Christmas
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