Case 1 General Mills’ Acquisition of Pillsbury from Diageo PLC 1. What are General Mills’ motives for this deal? Estimate the present value of the expected cost savings (synergies). In the spring of 1998 General Mills began studying areas where they could add to the company and advanced a strategy of acquisition-driven growth. General Mills has several motives for pursuing a deal to acquire Pillsbury. Pillsbury was identified as an ideal target due to its ability to complement General Mills’
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necessary being and “the matter‚ laws‚ and nature of everything in the universe” is called contingent beings. The next two premises entailed each other and attempt to posit a necessary being as the reason for the existence of all contingent things: “if something is contingent‚ then its existence is only possible. If the existence of something is only possible‚ then at some time it will not exist.” In other words‚ contingent beings exist and some time it fails to exist‚ they could be an event or condition
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problem encountered in the discussion of the simple cosmological argument above. The Argument from Contingency In the case of the argument from contingency‚ the distinction drawn between the universe and God is that the existence of the universe is contingent‚ i.e. that the universe could have not existed. Everything that
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promise to pay the balance of the purchaser money in respect of the Sydney property? When BNE sold (contingent condition) and after a reasonable time/ tendering the price for the house (concurrent condition)‚ duty of immediate performance that the other party tenders. (3) Would the P have given any promise concerning fulfilment of the condition regarding the Brisbane sale? YES‚ most contingent conditions are‚ to some degree‚ within the control of the party(-ies). Business efficacy means one
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Question 1: At any of these dates‚ did Intel have a contingent liability as defined by SFAS #5? June 30: Intel has discovered the flaw No contingent liability‚ no disclosure. According to Intel‚ a series of tests has showed that an error would occur only once every nine billion random calculations‚ or every 27‚000 years for most users. Therefore‚ the chance that customers would encounter errors in calculations on their Pentium-driven PCs is slight and the event that customers would
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Re: Food For Thought Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying
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FREE CONSENT FREE CONSENT According to Sec 10 of the Indian Contract Act one of the essentials of a valid contract is “Free Consent” Sec 13 defines “consent” as “Two or more persons are said to consent when they agree upon the same thing in the same sense”. According to Sec 14‚ consent is said to be free when it is not caused by: 1.Coercion 2.Undue influence 3.Fraud 4.Misrepresentation 5.Mistake COERCION According to Sec 15 coercion means “Committing or threaten to commit
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IFRS 8-1: “Basic accounting and reporting issues related to recognition and measurement of receivables‚ allowance accounts‚ recording discounts‚ the allowance method to account for bad debt and factoring are basically the same between IFRS and GAAP. However‚ the FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are taking steps by working to implement fair value measurement‚ the amount they currently could be sold for‚ for financial instruments. “The
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converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset becomes available‚ otherwise not. 4) Tangible Assets: Assets that have a physical existence‚ or give the holders definite
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Comparing IFRS to GAAP ACC/291 xxxx xxxxx Comparing IFRS to GAAP IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed? A fair value measurement gives companies an accurate portrayal of the company’s assets. Both IFRS and GAAP have requirements of specific information that needs to be reported regarding fair value measurement practices. With both systems‚ companies are required
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