I. Succint Lighthouse provides a ship tracking service for shipping companies to locate their ships at sea‚ as well as knowing their speed and the weather they are facing. Lighthouse does a contract for the delivery and installation of the physical device that is capable of achieving this through a tracking service that calls for a second contract. The price for the dedicated hardware (exclusive to Lighthouse services) and installation is a single nonrefundable amount of $10‚000 payable at completion
Premium Contract Contract law Generally Accepted Accounting Principles
functions of those that represent constituents of a sentence. Then the functions of the major word classes will be described and a distinction will be drawn between content and structure words. The text being analysed is an extract from the novel To the Lighthouse‚ by Virginia Woolf. The text is therefore narrative. The literary technique used in this text is very rare‚ it is known as the stream-ofconsciousness. This suggests that most of it is written as an unbroken flow of perceptions‚ thoughts and feelings
Premium Sentence Phrase Noun
company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and the best practices they should follow if the company changed the revenue recognition. Background
Premium Golf United States Middle Ages
In Virginia Woolf’s To the Lighthouse the immense complexities that define one’s identity and self worth are presented. In world of rigid social structure‚ the conventional expectations of society construe and distort independent identity. Mr. Ramsey‚ Mrs. Ramsey‚ and Lily Briscoe each experience these external pressures that shape their values in different ways. Mr. Ramsey focuses on the acceptance of his philosophical work by others while Mrs. Ramsey embraces the gender role society has given her
Premium Gender role Virginia Woolf Self-concept
Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
Premium Revenue International Financial Reporting Standards Mobile phone
The Lighthouse of Alexandria Incription: Sostratus‚ the son of Dexiphanes‚ the Cnidian‚ dedicated this to the Saviour Gods‚ on behalf of those who sail the seas. Location: On the island of Pharos; now peninsula within the city of Alexandria The lighthouse was built in 209 BC‚ and dedicated to Ptolemy Soter and his wife Berenice. It was used to mark the harbor using fire at night and sun rays during the day and a giant mirror that reflected these lights. When Egypt was conquered by the
Premium Alexandria Zeus Parthenon
(1) summarizes the factual situation The company was started off by Amelia. The company is a family software company that Aunt Amelia started. She started working in a spare room in her house and was able to bring other relatives together to invest together and form a company. The company was a success that is became part of Wall Street just three years ago. The company has being profitable and there haven’t being any issues associated with the accounting records or any financial data associated
Premium Finance Generally Accepted Accounting Principles International Financial Reporting Standards
EXPENSE RECOGNITION The production‚ sales‚ or cash receipts method can be used to assign revenues to periods of time. Expense recognition involves assigning or matching expenses to periods of time. Some expenses are closely related to the revenues assigned to periods of time. For example‚ the costs of goods sold during a period reflect the costs of materials‚ labor‚ and manufacturing overhead incurred to produce units of product that were sold. These costs are called product expenses. Other expenses
Premium Depreciation Income statement
tools are expensed when purchased. (f) Agricultural companies use market value for purposes of valuing crops. (g) Each enterprise is kept as a unit distinct from its owner or owners. (h) All significant postbalance sheet events are reported. (i) Revenue is recorded at point of sale. (j) All important aspects of bond indentures are presented in financial statements. (k) Rationale for accrual accounting. (l) The use of consolidated statements is justified. (m) Reporting must be done at defined
Premium Generally Accepted Accounting Principles Income statement Balance sheet
Understanding Lily Understanding Virginia Woolf’s mind within the weaving prose of To the Lighthouse is an undertaking that forces the reader to step back and consider‚ and indeed‚ reconsider everything that has just been read‚ assuming of course‚ that everything within her evolving story is remembered and comprehended. Woolf is known to challenge her readers with her unstructured worldview as to how an individual appears as people perceive the world around them. She uses her novels for more than
Premium Virginia Woolf Mind Academy Award for Best Actress