CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general‚ revenues should be recognized when an entity has significantly performed what is required in the agreement‚ full ownership of goods is transferred‚ and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the companies
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The history of Land Administration dates back to the olden days of kings and Kingdoms. The Land Revenue was the major source of revenue for the kings. The present system of preparing and maintaining land records originated from the Moghul period and it reached its scientific form during the British rule. During the British times the Revenue Department was the pivot of Administration. The Board of Revenue that wielded extraordinary powers administered it. The Collector was the virtual monarch at the
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THE INTERNAL REVENUE ALLOTMENT OF THE MUNICIPALITY OF CAINTA‚ RIZAL SUBMITTED BY: DELA PEÑA‚ DOROTHY ANN DESTRIZA‚ LYRA JANE MAGUNDAYAO‚ TRICIA JANE PS1122 OCTOBER 21‚ 2014 The Municipality of Cainta which was founded in 1571 is located in the Province of Rizal in Region 4-A or so called CALABARZON (which stands as Cavite‚ Laguna‚ Batangas‚ Rizal and Quezon). The municipality is considered as a first-class urban municipality in the Province of Rizal with a land area of 26.81 km2 which was
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The largest hockey league in the world is the National Hockey League. The league was introduced in 1917‚ and originally had only five teams. Today it has grown to far greater proportions‚ now boasting 30 teams‚ each with an 82 game season‚ and if a team makes the playoffs‚ there can be up to another 28 games played on top of that. "The NHL is an elite league that houses only the best players from around the world" (History). The rules used in the NHL are generally used as the standard all over
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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idea was liked by almost everyone. Its main task was to sort out international disputes whenever they occurred. The League aimed to discourage aggression from any nation‚ to encourage countries to co-operate‚ especially in business and trade‚ to encourage nations to disarm‚ to improve the living and working conditions of people in all parts of the world. The headquarters of the League was based in Geneva‚ Switzerland. There where no disputes here as this was and is a neutral country and did not
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The Mayans and Easter Islanders had common collapses in their societies. One of their downfalls was that they both erected large statues and other unnecessary monuments to show dominance over other kings in the surrounding area. This hurt the civilizations because they occupied land that could have otherwise been used for farming. Also‚ since everything was done on human power alone‚ they used more energy and later consumed more food than usual. Another one of their problems were that neither
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Expenditures and Revenues Matrix August 5‚ 2013 AJS 522 Importance of Informed financial decisions There are three different levels of the government who assesses the budgets on a federal‚ local‚ and state budget. The government’s finance team goes over the budget and decides how to distribute the funds. It is very important when distributing money from the tax payers funds. The tax payers money has to be used correctly or when reelection comes around the tax payers may not reelect
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Facebook Most of Facebook’s revenue comes from advertising. These advertisements are displayed in the sidebar of most pages of the site and they’re typically targeted to certain users. Some of the ads displayed are sponsored by major brand advertisers and some come from Facebook’s capabilities to target its users. Facebook is able to customize the ads based on the user’s metropolitan area‚ age‚ gender‚ school network‚ job‚ and even relationship status. Facebook also makes money through Facebook
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Starting with the title‚ we can see reference to Easter and Christianity. Within the Christian religion‚ Easter is a key occasion for those who believe. Not only is the word "Easter" in the title‚ but we also see the word "wings." In reference to Easter‚ the wings are significant to those of the angels that were present on Easter morning‚ the resurrection of Christ. The first line of the poem backs up the allusion of using religion‚ as we
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