PROBLEM SET 1 - SOLUTION PROBLEM 1 Part A - Record a liability (and expense) for $800‚000 in 2009. Since the loss has been recorded‚ we don’t have to disclose it. However‚ if the possible loss exceeds $800‚000 (or if the probable loss was a range and we only recorded the minimum) then we need to disclose. Part B - If only 80% of the cans were sold before 12/31/09‚ then record a liability of $640‚000. The recall of the cans sold in 2010 would be disclosed as a subsequent event. Part C - Disclose
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CHAPTER 8 Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Inventory accounts; determining quantities‚ costs‚ and items to be included in inventory; the inventory equation; balance sheet disclosure. Perpetual vs. periodic. Recording of discounts. Inventory errors. Flow assumptions. 10‚ 11 7 12‚ 13‚ 16‚ 18‚ 20 4 5‚ 6‚ 7 Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 8‚ 9 Brief Exercises 1‚ 3 Exercises 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 10 Problems 1‚ 2‚ 3 Concepts for Analysis 1
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since I was ten years old. I was so impressed how interpreters could know so many languages and transition it another language. It truly baffled me and it was a career I wanted to do. It was truly an honor to receive an internship with Lokelani Intermediate School. Interpreting at schools/universities is a challenge and the interpreter has constant challenges‚ not just the deaf student but other students and school factors. I learned that being an interpreter is not just interpreting for a student
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NAME Headway New CLASS Word list A–Z Here is a list of most of the new words in Unit 1–12 of New Headway Upper-Intermediate‚ Fourth edition Student’s Book. Upper-Intermediate adj = adjective adv = adverb conj = conjunction coll = colloquial n = noun opp = opposite pl = plural prep = preposition pron = pronoun pp = past participle v = verb US = American English a good talking to /ə ɡʊd ˈtɔːkɪŋ tə/ ambitious adj /æmˈbɪʃəs/ a sharp tongue /ə ˌʃɑːp ˈtʌŋ/ ambulance n /ˈæmbjələns/ abroad adv /əˈbrɔːd/
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Professor Saba Ozyurt PH.D International Organizations IRL-6200 April 11 2012 Week 4 Summary 1A Bargaining‚ Enforcement‚ and Multilateral Sanctions: When Is Cooperation Counterproductive? (Daniel Drezner) The article describes the complex international political structure on how the United States and other powerful nations declared sanctions on rival or rogue states. The articles main argue is that powerful states mostly will loss in the political arena when it comes to promoting a
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Yough Intermediate Middle School‚ a comical and controlled environment. Waking up everyday to come to school is a nuisance. It worth every second of the day because of the amazing teachers‚ students‚ and staff. The curricular activities are as creative as a Picasso painting. The adventures I have gone on in Yough has taken me through life even more. The adventures have been vigorous‚ inferior‚ and patchy. This year‚ in activity club‚ the students had a chance to go outside in the snow. At the
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NEW ENGLISH FILE UPPER-ITERMEDIATE The following is some help for students who have missed an English class. Unit 7 7A Grammar (p. 102‚ ex. 5c): 1 I wish I had saved a bit of money. / I wish I hadn’t spent so much. 2 I wish I hadn’t had my hair cut so short. / I wish I hadn’t changed the colour. 3 I wish I had learned more English at school. / I wish I had been to extra classes. 4 I wish she hadn’t left me. / I wish we hadn’t had an argument. (p. 145‚ ex. 7A-b): 1 I wish I hadn’t
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Derek Greenfield Intermediate Accounting I 3/2/2012 CA1-1.) 1. True 2. False‚ must comply with all standards and interpretations including disclosure requirements 3. True 4. False‚ FASB must operate in full view of public through a “due process” system that gives interested parties ample opportunity to make their views known CA1-3.) 1. D 2. A 3. D 4. B 5. A 6. B 7. A 8. B E2-5.) Assets- F Liabilities- B Equity- I Investment by owners-
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The principle of utility is the basic belief that all a person truly desires in life is happiness and that any actions or behaviors that promotes happiness is acceptable. In the article Of the Ultimate Sanction of the Principle of Utility by John Mill he says that utilitarianism will gain ground when people grasp on a general idea for happiness. Happiness is different for every person. Happiness is defined by each individual person and their beliefs. Mill believes that if something gives you pleasure
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2011 Semester 2 Intermediate Financial Reporting Final Exam Solution. Accounting standards (5 MARKS) 1. Explain what gives Australian accounting standards authority and how is it enforced? The Corporations Act gives the standards the force of law. ASIC administer the Corps Act. and hence enforce the standards. Failure to comply with the standards can include legal proceedings‚ goal‚ financial penalties and prevention from acting as a manager or director of a company in the future. In addition
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