Had Socrates the right to flee‚ or‚ hat Socrates the duty to die? Socrates faced a life ending death penalty‚ although having a well prepared opportunity to escape; nevertheless‚ he decided to die. Is this cruel decision to justify? In Socrates’ eyes one has as a mature citizen a contract with the state where one lives. This contract contains duties for both sides. The state has to take care for his citizen whereas the citizen has not only to obey and protect the rules that the state determines
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A vacation I had Every summer‚ when high school examination are over‚ I always plan to go somewhere especially beaches‚ shores and coast are the best suit place for a summer. In the last years‚ me and my family planned to go a beach which is very well known as a beautiful heaven place ’’the Hawaii’’. Hawaii is a state that attracts tourists because of its history‚ geography‚ entertainment‚ and culture. It is well known for its volcanoes‚ beaches‚ and climate. For these reasons‚ tourism is the
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Maiz The word maize derives from the Spanish form of the indigenous Taíno word for the plant‚ maiz. It is known by other names around the world. Corn outside North America‚ Australia‚ and New Zealand means any cereal crop‚ its meaning understood to vary geographically to refer to the local staple.In the United StatesCanada Australia‚ and New Zealand‚[citation needed] corn primarily means maize; this usage started as a shortening of "Indian corn". "Indian corn" primarily means maize (the staple
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Issues With Revenue Recognition within the Software Industry The Isoft Example Financial Controller-SoftWarehouse Ltd This report has been prepared for the Board of Directors of SoftWarehouse Ltd for elucidation about the contentious issues that have given rise to the publication of the article concerning Isoft’s issues with revenue recognition. Finally‚ it will also assess whether or not these issues are likely to affect SoftWarehouse Ltd. TABLE OF CONTENTS Executive Summary: 3
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effectively distribute oil revenues in an equitable manner. The revenue allocation phenomenon in Nigeria is basically the issue of distribution of national (resources) revenue‚ mobilized by the central federal government. And as far as the revenue allocation debacle is concerned‚ the haggling is between those who bake the national cake (major contributors to national revenue) and those at the helm of affairs to allocate it. There exist two fundamental dimensions of revenue allocation or sharing in
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Assessing Revenue Recognition Timing Explain when each of the following business should recognize revenues: a. A clothing retailer like The Limited. Revenue recognition: Sales basis method (at the time of sale). The revenue for a retail store like The Limited should recognize their revenue when the
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Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which
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AUDITING II HOMEWORK “Internet Problem 14-1: Revenue Recognition Fraud” Chapter 14 Wahyunda Risa Putri 1210534008 Shabrina Alin Firstiana 1210534010 Atikah Galuh Wilandra1210534013 Lecturer : Suhernita‚ SE‚ ForeAcc‚ Akt. International Class Faculty of Economics Andalas University 2014 INTERNET PROBLEM 14-1: REVENUE RECOGNITION FRAUD The Securities and Exchange Commission (SEC) found that Bally Total Fitness Holding Corporation‚ a nationwide commercial operator of fitness centers‚ fraudulently
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Contents Page Title page i Certification ii Declaration iii Dedication iv Acknowledgement
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uncovered many unethical accounting practices. One example of such practices included faking product shipments so that sales could be booked. By midsummer 1994‚ as much as 70% of quarterly revenue was false. The company had ignored early warnings‚ such as their auditor Price Waterhouse LLP telling them they had weak internal controls. After announcing their 1994 write off another audit took place by Coopers & Lybrand. While Coopers feels that their audit followed best practice‚ the SEC argued they
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