Chapter One: The Canadian Financial Reporting Environment Accounting is the identification, measurement, and communication of financial information about economic entities to interested persons. Stakeholder Investors/creditors Management Securities commissions and stock exchanges Analysts and credit rating agencies Auditors Standard Setters Various What is at stake? Investment/loan Job, bonus, reputation, salary increase, access to capital markets by company Reputation, effective and efficient capital
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Option A – Sale of assets Following is an analysis of the different requirements and effects of choosing to structure the sale of Company as a sale of assets. The analysis includes a numerical exemplification of the said effects. I. Approval requirements In a sale of business such as the present one, vote requirements are essential before any further analysis can be done. In particular, as far as the seller is concerned – in the present case Company – both the approval of the board and
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Government Influences on Food Choices and Options The government plays an important role in what we eat and what is sold. For example, all food sold must be approved by the Food and Drug Administration (FDA). They have taxes in place such as the fat tax to help reduce obesity in the U (abcnews.go.com). The government also has basic guidelines to food consumption such as the food pyramid. The government also has control over how food is marketed. For example, USDA, along with the Federal Trade Commission
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Subway’s mission is: “Delight every customer so they want to tell their friends – with great value through fresh, delicious, made-to-order sandwiches, and an exceptional experience.” Subway’s franchise vision is to be the number one Quick Service Restaurant (QSR) franchise in the world, while delivering fresh, delicious sandwiches and an exceptional experience. Subway has three core values: family, teamwork, and opportunity. Family is important to the Subway community. “We build our business relationships
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Current situation Research in Motion was founded in 1984 by Mike Lazaridis, he named the company in reference to the term” poetry in motion”, Research in Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including
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produced in a domestic market where the college student resides, and leaves the student more money for tuition. A government choice on tariffs and quotas has different affects on international relations and trade. A tariff is simply explained as a tax that increases the cost of all imported goods. Any country can impose a tariff on any good, for example if China believes that the United States has wronged them they can impose a tariff on shoes imported from the U.S which will raise the price of shoes
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capitalist class who own the means of production and the proletariat; the working class who are exploited by the bourgeoisie in order for them to gain profit. This is known as capitalism. The Marxist view on crime is based on three main elements. The first element is criminogenic capitalism, this suggests that crime is inevitable due to the fact that capitalism breeds crime in society. This is the idea that the exploitation of the working class can cause a rise in crime rates. For example, people
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Accounting 411 Quiz 1 – Fall 2011 Professor Jones Chapter 01 Ethical Reasoning Implications for Accounting Multiple Choice Questions 1. Each of the following characteristics describes the importance of integrity in decision making except for: A. Acting out of moral principle B. Being loyal to one's superior C. Having the courage to do the right thing D. Not subordinating professional judgment to others 2. Ethical relativism can best be described as a: A. Point of view
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Answer A) Cut and Chop Pty Ltd sold their business which gives rise to CGT event A1: Disposal of CGT asset (sec104-10 ITAA97) According to sec110-25 ITAA97, the elements of cost base include the purchase price (element1) and incidental costs (element2). Cost base for business premises = $2380000. Incidental costs include costs that are associated with acquiring or disposing the asset and these costs are listed in sec110-35 ITAA97. Incidental Costs= $13500(legal fees) + $45000(agent’s fees) =$58500
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Benefits for employees Employees, who are participating in a Section 125 benefit plan, reduces an employee’s taxable salary and increases the amount on their checking account. There they get a higher deduction on dependent care expenses than traditional tax credit offers at the end of year. The impact on employees from increasing insurance is less, like premiums, co-pays or deductibles. The simplest way for an employer to keep cost down, is to lower offered benefit level. This saves money for the employers
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