the scapula. The second group consists of the deltoid‚ biceps‚ and triceps muscles. The third group includes the muscles of the rotator cuff which consist of the subscapularis‚ the supraspinatus‚ infraspinatus‚ and teres minor muscles (Thibodaux & Patton‚ 2002). There are a few other roles the scapula plays in the functioning of the shoulder. The first is being a stable part of the glenohumeral articulation. This has to do with the ball-and-socket relationship the scapula has with the humerus and
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residual value does not change per IAS 16. However‚ American Greetings would need to implement component depreciation in order to fully align its depreciation practices with international standards. Although component depreciation is permissible under GAAP‚ it is not often used in practice. American Greetings would need to depreciate each component of an item of property‚ plant and equipment separately if its cost is significant in relation to the total cost of the item. For example‚ American Greetings
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1. Business United Small Business Telecom (USB Telecom) is a telecom company that offers mobile services to medium businesses. This company develops products to help small business owners in their day to day activities; the applications will enable them to do their business efficiently with speed‚ and reliability. Mobile consumers have grown enormously and most of the business is done via mobile and its going to expand heavily in future. USBT customers will be able to report any service outage issues
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ACC 557 Week 9 DQ1 "Cash Flow Reporting" Please respond to the following: Given the complexities related to preparing and interpreting the statement of cash flow‚ evaluate the current requirement under GAAP and IFRS‚ indicating improvements that you would make to each method’s requirement to better serve the users of the information. Provide a rationale for your changes. Analyze the impact of erroneous classifications in the Operating Activities section of the statement of cash flows‚ detailing
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Reflection Upon My Values and The Army Values Marcus ‘Doc’ Cronin Major Ammon Campbell - Utah State University ROTC The legendary American Military Hero‚ General George S. Patton once said‚ “Moral courage is the most valuable and usually most absent characteristic in men.” I also believe that moral courage is one of the most valuable characteristics a man can have‚ in that to truly be a man of character‚ you must first have moral courage in order to live and defend your values. Without
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On 16 December 1944‚ Adolf Hitler launched a massive attack in the Ardennes Forest‚ southern Belgium. His primary goal was to recapture the Harbor of Antwerp to deny the Allies use of the port facilities. He believed that marking a repeat of what the Germans had done three times previously–in September 1870‚ August 1914‚ and May 1940‚ would secure another win. This attack lasted approximately one month and few weeks ending 25 January 1945. The Battle of the Bulge was Hitler’s last attempt to win
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financial reporting standards for small businesses‚ but regulators have not been willing to provide a second set of standards. Now‚ for the first time‚ there may be an answer for small firms desiring relief from the onerous reporting requirements of GAAP. The AICPA now recognizes the International Accounting Standards Board’s (IASB) recently released International Financial Reporting Standard for Small and MediumSized Entities (IFRS for SMEs)‚ as an official set of accounting standards to be audited
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GPI I. Issue: Should GPI present an asset for prepaid pension costs in its U.S. financial statements for faithful representation of this situation? II. GAAP List: 715-10-15-6: For purposes of preparing financial statements in accordance with U.S. GAAP‚ to the extent that those arrangements are in substance similar to pension or other postretirement benefit plans in the United States‚ they are subject to the provisions of this Topic‚ includes no special provisions applicable. 715-30-55-65:
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As a part of ongoing discussions to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)‚ some proposals to change revenue recognition have been discussed. The following will discuss revenue recognition as it stands under U.S. GAAP and IFRS‚ as well as proposed changes to the revenue recognition principle. Revenue Recognition under U.S. GAAP Staff Accounting Bulletin‚ Topic 13 states‚ “The staff believes that revenue generally
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quarter‚ 2015. Moving ahead to expenses‚ the Non-GAAP research and development expenses scaled up to $106.5 million from $46 million for the second quarter‚ 2015. The Non-GAAP marketing and selling expenses went up to $28.6 million from $16.4 million for the same period‚ previous year. The Non-GAAP general and administrative expenses increased to $21.5 million from $10.8 million for the second quarter‚ 2015. Furthermore‚ the quarter posted Non-GAAP Operating Income of $194.8 million compared to $100
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