Chapter 7 Solutions 7.3 Raven Assets taken over Plant and machinery Furniture and fittings Inventories Trade receivables Brand Liabilities Identifiable net tangible assets Consideration transferred Goodwill RM 340‚000 40‚000 60‚000 60‚000 100‚000 600‚000 (22‚000) 578‚000 650‚000 72‚000 Debit RM To record the purchase price Gimmick Realisation account (Being the agreed purchase price.) Assets taken over Realisation account Trade payable Accumulated depreciation
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1. Maslow’s hierarchy of needs states that people will first attempt to fulfill basic needs such as physiological and safety needs‚ and then if those are satisfied‚ they will make efforts to satisfy other needs‚ such as social and esteem needs. According to this theory‚ only when their most basic needs have been satisfied will people be able to concentrate on satisfying higher-level needs. However‚ if their basic physiological and safety needs become threatened‚ they would then be likely to revert
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1. Introduction “Each of us has our own set of needs that motivate our communication and our responses to messages. While not everyone’s priorities are identical‚ our needs resemble one another’s” (Steinberg‚ 2007:22). This assignment will discuss Maslow’s hierarchy of needs. It will look at real life examples of each component. It will also identify and explain each component. An appropriate diagram will be given to support my answers. At the end of this assignment one should have a full understanding
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primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Advantages include: limited liability; ability to raise capital; and unlimited life 【Agency Problem】 Who owns a corporation? Describe the process whereby the owners control the firm’s management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context‚ what kinds of problems can arise? Answer: In the corporate form of
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Fraud Cases: Violations of Generally Accepted Accounting Principles (GAAP) Section 1 In July 2002 the Sarbanes-Oxley Act was passed by the U.S. Senate by a vote of 98 to 0. The bipartisan support for the legislation emanated directly from the investing public’s lack of tolerance for financial statement fraud. Not surprisingly‚ when formulating its post-Sarbanes technical audit guidance‚ the Public Company Accounting Oversight Board (PCAOB) made it clear that detecting fraud must be the focus
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Generally Accepted Auditing Standards Maxx Mayeux ACC/490 February 22nd‚ 2012 Linda Carr Generally Accepted Auditing Standard • Describe how these standards apply to financial‚ operational‚ and compliance audits. • Explain the effect that the Sarbanes-Oxley Act of 2002‚ and the Public Company Accounting Oversight Board (PCAOB)‚ will have on audits of publicly traded companies. • Discuss the additional requirements that are placed on auditors from this act and the actions
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Week 1 Individual Work Assignment: Maslow’s Hierarchy of Needs (Wood‚ 2013‚ pp. 9-14) Student Name: Part 1: Define and describe each stage of Maslow’s Hierarchy of Needs Your discussion of each need should be approximately one paragraph in length. 1. Physiological needs for survival Air‚ water‚ and food are metabolic requirements for survival in all animals‚ including humans. Clothing and shelter provide necessary protection from the elements. The intensity of the human sexual instinct
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Self-Test 1 Problem: The following is a set of transactions during the month of May‚ 2012 for the business of Jess Consulting Office. The chart of accounts shows the following accounts: Jess Capital 300‚ Withdrawals 320‚ Cast at Bank 100‚ Advertising Expense 520‚ Wages Expense 525‚ Prepaid Advertising 112‚ Prepaid Rent 114‚ Tax Service Fees 405‚ and Consulting Revenue 400. The balance of cash account at 1st of May 2012 is $10‚000. May 2. Jess Barley invested $30‚000 more into the business
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comfort in winter‚ was dry during heavy rains‚ and was cool in the heat of summer. Tipis could be disassembled and packed away quickly when a tribe decided to move and could be reconstructed quickly upon settling in a new area. This portability was important to Plains Indians with their nomadic lifestyle. Modern tipi covers are usually made of canvas. Contemporary users of tipis include historical reenactors‚ back-to-the-land devotees‚ and Native American families attending powwows or encampments who
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Unit – II Sources of Research material PRIMARY AND SECONDERY SOURCES OF LEGAL RESEARCH Because the law is so varied‚ there are many different resources available to help locate the law‚ each with a specific use and specific limitations. The major types of legal research resources are primary sources of law and secondary sources of law. Primary sources of law are the actual law itself — constitutions‚ statutes‚ administrative regulations‚ ordinances‚ and court
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