Impairment of Notes Receivables US GAAP requires entities to assess whether financial assets are impaired and recognize the impairment. If a note receivable is impaired‚ the loss is measured by the creditor as the difference between the investment in the loan (usually the principal plus accrued interest) and the expected future cash flows discounted at the loan’s historical effective interest rate. US GAAP recognizes the uncollectible amount through an allowance account. Unlike IFRS‚ US GAAP prohibits the
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What is personal loan? Why would we apply a personal loan? Loans available from banks and other financial institutions to private individuals for personal use such as the purchase of a motorcar‚ holiday or house are personal loans. We can apply a loan at any bank as long as we can afford to pay it back. However‚ which bank that we want to apply loans are depends to ourselves decisions whether choose Maybank or Alliance Bank. Both Maybank and Alliance Bank have their own term and conditions
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Running head: WHY I WOULD BE A TEACHER Why I Would Be a Teacher Diana C. Worley Grand Canyon University: EDU 310 (0206) December 19‚ 2010 Why I Would Be a Teacher Teaching is a dignified‚ desirable‚ and demanding occupation. It is a profession which requires knowledge‚ patience‚ understanding‚ and a growing desire to help others. Unfortunately‚ it is most often under paid‚ underappreciated‚ and undervalued by numerous standards. So why does the writer of this paper want to teach? Was
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Loan consolidation is an approach that lets borrowers take out a new loan with a low rate of interest to payoff high interest loans. Tightened lending criterion has made it difficult for many people to qualify for loans‚ so the first thing borrowers need to do is check their credit rating. Although loan consolidation can seem like a good idea‚ it is necessary to figure out the real costs involved with taking out a new financial loan. This is exceptionally crucial when attaining a home equity loan
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Why I Would Be a Teacher Teaching is a very noble profession. In my country‚ there is a saying: “Quan‚ Su‚ Phu” meanings that the highest respectable position belongs to the King‚ second are the teachers then the parents. Many people love to teach but not everyone who wants to teach can become a teacher. According to Melissa Kelly in Top 10 Reasons to Become a Teacher. “Teaching is a special calling. It is not a job well-suited to everyone. In fact‚ many new teachers leave within the first 3-5
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The New York Times vs. The Guardian on the U.S. Economy On Friday‚ February 1‚ 2013‚ the New York Times and The Guardian published stories on the United States’ current situation regarding job growth and increasing unemployment. The Guardian provides and compares a variety of statistics between the past and present‚ while the New York Times solely provides current figures. The New York Times’ has a pessimistic position towards the situation and does not give any insight for hope of an improving
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The World would be a better place if the environment that we’re living was clear. According to me‚ our life is threatened and our environment isn’t healthy for us to live anymore. Air‚ soil‚ and water in many parts of the earth were seriously polluted by industrial and chemical waste. Because of increasing amounts of carbon dioxide‚ global warming has occurred. It led to a lot of effects. It makes the climate change. As a result‚ flooding‚ hurricane‚ tsunamis‚ tornados‚ and cyclone happen everywhere
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People from all walks of life uproot from their homes (often leaving their family behind) and migrate to New York City‚ due to political oppression‚ religious persecution‚ or economic immobility‚ seeking for a better life. Thus‚ New York City has always symbolized aspiration and faith‚ for it is the land that provides employment‚ higher wages‚ and improved living standards. Although NYC is considered the land of opportunities‚ several immigrants struggle to find well-positioned jobs for multiple
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believe that we are one nation. An example of this would be New York City. New York City was an original entry point for many European immigrants and has more than eight hundred languages being spoken in the city. (CNBC) There is such a diverse range of people in New York City that one could lose themselves by turning the wrong corner and end up being in a place like Chinatown‚ where they still wouldn’t believe that they are in America. New York City has been referred to as a “melting pot” of different
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On March 18‚ 1970‚ history was made in America. Thousands of New York City postal workers expressed their frustration with Congress by simply refusing to work. Even though the strike was birthed in New York‚ postal workers from many other states also shared the same anger and concerns. Despite the miles that separated them‚ nearly 200‚000 postal workers from 30 major cities joined the strike. Prior to 1970‚ the United States Postal Service was known as Post Office Department and was also managed
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