Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions Wilmary Colon Rivera California College San Diego January 10‚ 2015 ACC213 Nellie Hornbeck Assignment 2 – Accounting Principles and Reporting Standards – Chapter 14: Discussion Questions. 1. In the U.S accounting principles are developed through a cooperative effort between the private sector (business) and the public sector (government). Public sector ---- Government ---- Represented by SEC SEC – Securities
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in the United States. The U.S. government grants this company with emission allowances (EAs) that can be used during 2010 to 2030. According to The Federal Energy Regulatory Commissions (FERC)‚ Polluter Corporation records emission allowances as elusive assets with a cost basis of zero. The fiscal year is December 31. To control and decrease the release of pollutants‚ the government issue EAs to individuals to send out a particular stage of pollutions. Each entity EA has a period year label. Each
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Maddox v. Montgomery United States Courts of Appeals‚ Eleventh Circuit 718 F.2d 1033 (11th Cir. 1983) Kenneth Davis CJAD 405‚ Section A Professor Alesio June 08‚ 2011 Facts: Jimmy Maddox was convicted of rape in a Georgia state court and sentenced to life imprisonment. Having unsuccessfully pursued his direct appeal and the state post-conviction remedy‚ Maddox filed a federal habeas corpus petition alleging prosecutorial suppression of exculpatory evidence in violation
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Dreams Do Not Come True The Great Gatsby‚ written by F. Scott Fitzgerald‚ is a story about a man who becomes rich just to impress a past love. The novel portrays the American Dream and how it is elusive and cannot be grasped. The 1920s‚ the time the story takes place‚ was a time when lavish objects and people surrounded everyone. People that were poor wanted to become rich and people that were rich wanted to stay rich. In the books case‚ Gatsby‚ the wealthy main character‚ seeks to find his American
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RELEVANT TO ACCA QUALIFICATION PAPER F8 Subsequent events Students of financial reporting and auditing papers will have to gain an understanding of how subsequent events (also known as ‘events after the reporting period’) affect the financial statements of an entity. This article will consider the financial reporting aspects concerning subsequent events using a case study type scenario‚ and will then discuss the auditing requirements that candidates of Paper F8‚ Audit and Assurance need
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George Berkeley was an Irish philosopher. His philosophical beliefs were centered on one main belief‚ the belief that perception is the basis for existence. In doing so‚ he rejected the notion of a material world in favor of an immaterial world. Berkeley felt that all we really know about an object we learn from our perception of that object. He recognized that in the materialist’s view the real object is independent of any perceiver’s perception. The pen on my desk would exist
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Life after death known as afterlife is believed that when a person dies that the essential part of their identity continues on. The possibility of life after death has been talked about since the ancient times. Different religions‚ cultures and civilizations make up our existence and we must understand that everyone had different belief on immortality and were never the same. Homeric and Platonic conceptions of immortality were the two different ideas that the civilizations of ancient Greece believed
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judges. . Evidence Under 46 CFR 201.136 - Evidence admissible‚ evidence presented to the court must be relevant‚ material to the case‚ reliable and probative. In addition‚ evidence may not be unduly repetitious‚ cumulative‚ irrelevant or immaterial. . Relevant Evidence
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panda and the tiger.An estimated 3‚500 to 7‚000 wild snow leopards roam the mountains of central Asia today. In addition‚ there are between 600 and 700 snow leopards in zoos around the world. No one has an exact count because snow leopards are so elusive and inhabit such harsh and remote habitat that they are rarely seen.” Snow leopards live in the mountains in Central Asia where it is cold and dry. They have thick yellow and white fur with black circles. It helps them blend in with their natural
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that their clients accept all proposed audit adjustments‚ even those that have an "immaterial" effect on the given financial statements? Define your answer. I think auditors should strongly insist that their proposed adjustments should be made. If the company makes the proposed adjustments‚ it would seem to allow for a lesser probability for misstatements to occur. Even though an adjustment may seem immaterial for one year’s statements‚ a combination of these immaterialities over a 2-3 years
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