property and casualty insurance, the company is entitled to insurance recovery for the fair value of the manufacturing plane in excess of the deductible, and that such recovery is probable. Specific Issues to Resolve • How should Eureka account for the anticipated insurance recovery for the manufacturing plant when such recovery has not been received but is deemed probable? Additional Facts Eureka’s legal counsel has also determined that under its business interruption insurance policy, Eureka is
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casualty insurance policy, Euker is entitled to insurance recovery for the fair value of the manufacturing plant in excess of the deductible, and that such recovery is probable. Required: • How should Euker account for the anticipated insurance recovery for the manufacturing plant when such recovery has not been received but is deemed probable? Additional Facts: Euker’s legal counsel has also determined that under its business interruption insurance policy Euker is entitled to insurance recovery, subject
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property and casualty insurance policy, Euker is entitled to insurance recovery for the fair value of the manufacturing plant in excess of the deductible, and that such recovery is probable. Required: • How should Euker account for the anticipated insurance recovery for the manufacturing plant when such recovery has not been received but is deemed probable? Additional Facts: Euker’s legal counsel has also determined that under its business interruption insurance policy Euker is entitled
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The Federal gift tax is imposed on the right to transfer property by one person (the donor) to another (the donee) for less than full and adequate consideration. The tax is payable by the donor. If the donor fails to pay the tax when due, the donee may be held liable for the tax to the extent of the value of the property received Since the donor cannot pay or cannot be located, as in the this case, the IRS can pursue the donees for the tax under the doctrine of transferee liability. For individual
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2012-17 November 12, 2012 What’s inside: Overview .......................... 1 SEC filing deadlines ........ 1 Financial statement disclosure ......................2 Income statement classification of losses..............................2 Insurance .........................3 Asset impairments .......... 5 Non-impairment costs ............................... 7 Debt and liquidity issues ........................... 8 Tax considerations ..........9 Derivative and hedging considerations
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expected to and did play in tour events in Florida. Sutton was to be provided health care insurance in Florida. All earnings from Sutton’s golf-related activities in Florida and elsewhere were to be paid by the Professional Golfing Association from its headquarters and bank account in Florida to the ARS & Associates account in Michigan; the partnership was to disburse funds from the account to Sutton’s account in Florida to enable him to perform golf-related activities and participate in tour events
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Sentinel Event: Sentinel events are a subset of medical adverse events. Events that require immediate attention are called Sentinel Events. Joint Commission defines a sentinel event as an unexpected occurrence involving death or serious physical or psychological injury, or the risk thereof. Serious injury specifically includes loss of limb or function. The phrase “or the risk thereof” includes any process variation for which a recurrence would carry a significant chance of a serious adverse outcome
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A Broken System SOC 304: Social Gerontology October 29, 2012 The Social Security System, created in 1935, is the one of the most costly items in the federal budget today. The program was created to provide old age, survivors and disability insurance to a large portion of Americans, mostly the elderly who are now out of the work force. The Social Security Act was a major turning point in American history Today the U.S. Social Security system has been in the news a lot lately. While politicians
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SAMPLE DOCUMENT RETENTION AND DESTRUCTION POLICY AS OF DECEMBER 1, 2009 NOTE ON THE SCOPE OF THIS MATERIAL This material is designed to provide general guidance about an aspect of nonprofit corporate governance in the specific and limited context of the governance questions contained in the new IRS Form 990 (published by the IRS in 2008 and applicable to 990 filers based on a 2009-2011 filing year phase-in period depending on the size of the nonprofit). It is intended to provide
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| Agency Structure | | | | | Determine where each agency lies in the administrative structure of the federal government. Identify it as an executive department or an independent agency. United States Geological Survey is a scientific agency of the United States Government. It lies under the administrative structure of the Department of Interior and is an executive department. United States Forest Service sustains the health, diversity, and productivity of the Nation’s
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