Case 13-4 Application of SFAC No. 13 1) On January 1‚ 2006‚ Lani Company entered into a noncancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the lease term. The term of the lease is eight years. The minimum lease payment made by Lani on January 1‚ 2006‚ was one of eight equal annual payments. At the inception of the lease‚ the criteria established for classification as a capital lease by the lessee were
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some similarities between colonies. During the colonial time period from about the 1600’s through the 1700’s‚ the thirteen original colonies were founded and divided among three major sections known as the New England colonies‚ the Middle colonies‚ and the Southern colonies. The New England colonies consisted of Massachusetts‚ Rhode Island‚ Connecticut‚ and New Hampshire. The Middle colonies contained New York‚ New Jersey‚ Pennsylvania‚ and Delaware. The Southern colonies included Virginia‚ Maryland
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various reasons why the American Colonies were established. The three most important themes of English colonization of America were religion‚ economics‚ and government. The most important reasons for colonization were to seek refuge‚ religious freedom‚ and economic opportunity. To a lesser degree‚ the colonists sought to establish a stable and progressive government. Many colonies were founded for religious purposes. While religion was involved with all of the colonies‚ Massachusetts‚ New Haven‚ Maryland
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The Atlantic Region (also called the Maritimes) Provinces and capital cities: Newfoundland and Labrador (St. John’s) Prince Edward Island (Charlottetown) Nova Scotia (Halifax) New Brunswick (Fredricton) Around 2.3 million people live in the Maritimes. The region is known for fishing‚ farming‚ forestry‚ and mining. Aside from its natural coastal beauty‚ the area is also rich in history‚ with Nova Scotia known as the gateway to Canada‚ and Newfoundland and Labrador as the oldest colony of the British
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By the 1700s‚ New England and the Chesapeake region had developed very distinct societies. This dichotomy can be traced from the very foundation of the colonies. The New England colonies were founded as examples of pure religion‚ each was to "be as a city upon a hill."1 In contrast to this worthy cause‚ the Chesapeake colonies were originally founded during the great search for gold‚ and later continued as slave-supported plantation colonies. The New Englanders would come to prosper through their
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century‚ two colonies emerged from England in the New World. The two colonies were called the Chesapeake and New England colonies. Even though the two areas were formed and governed by the English‚ the colonies had similarities as well as differences. Differences in geography‚ religion‚ politics‚ economic‚ and nationalities‚ were responsible for molding the colonies. These differences came from one major factor: the very reason the English settlers came to the New World. The Chesapeake colonies were primarily
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property after his father‚ Admiral Sir Penn. In the making of this new colony‚ there were many steps they had to achieve before they were successful. How did this new colony start out? But‚ how did this colony use other ideas to help start out? What were the advancements that they were able to make that contributed to the industrialization we have today? Then‚ who were the people that lead in Pennsylvania’s rise as a colony? They used a very specific government that helped make Pennsylvania into
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Nvidia Colony Anthony Sampson GS1140 Onsite Course Project 1‚2‚3&4 _________________________________________________________________ ITT Technical Institute 877 Executive Center Drive W Suite 100 St. Petersburg‚ FL 33702 Colony Theory The world we live in at the present time is growing with population every
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tolerance they themselves obtained from different beliefs. Due to this lack of tolerance people began forming new colonies. England had three colonial groups identified as the New England‚ Middle and Southern colonies. Three admirable colonies that may be pointed out from each group are Massachusetts from the New England colonies‚ Pennsylvania from the Middle and Maryland the Southern colonies. Massachusetts has played a significant role in American history‚ most importantly in the lives of Puritans
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1763‚ American colonies were becoming more and more separated from Britain. In 1763-1776 these British imperial policies led to more colonial anger and hatred of British rule. In these 13 years the British enforced new taxes and set up many disliked restrictions on colonial life. All of these changes led the colonies to establishing new principles and later declaring to be separated from England. The British started enforcing taxes in 1763 that did not please the colonies too well. The British
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