is a finance lease or an operating lease depends on the substance of the transaction rather than the form of the contract. Examples of situations that individually or in combination would normally lead to a lease being classified as a finance lease are: (a) the lease transfers ownership of the asset to the lessee by the end of the lease term; (b) the lessee has the option to purchase the asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes
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Eye Vision Inc, a long-standing medical device manufacturer, has signed a contract to sell Holland Hospital the Clear View Laser and a two-year separately priced maintenance plan for $1 million and $0.2 million respectively. On a when-and-if available bais, Eye Vision Inc. will provide software updats that is embedded with the Laser to maintainance purchasor. The software has never been sold without Laser for its functional necessity. In this memo, as explained below, we conclude that: 1. Eye
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the conversion premium in dollar and percentage? 930-840=$90 90/840=10.71% What is meant by the exercise or strike price on an option? The price at which a specific derivative contract can be exercised. Strike price is mostly used to describe stock and index options, in which strike prices are fixed in the contract. For call options, the strike price is where the security can be bought (up to the expiration date), while for put options the strike price is the price at which shares can be sold
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Goods Sold) or that expires due to the passage of time (ex. Depreciation Expense). Expense cannot be mixed with expenditure. For, Expenditure represents the purchase amount (whether paid in cash or credited with the Accounts Payable) of a certain asset. To illustrate, suppose, on January 1st, 2001, XYZ Company paid $ 10,000 cash in order to purchase some equipment this is called expenditure and is journalized as follows: Cash $ 10,000 Equipment $ 10,000 However, on December 31st
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Tax. Most business operators will keep a watchful eye on any political factor, such as new laws or regulatory shifts, which could have a substantial impact on how their company operates. Politics can affect a business in many different ways. For example grants, taxation and support. All these can change the outcomes of the business. They can affect profit, customers and revenues. Taxation can affect every business in the world including Toys ‘R’ Us. Taxes are collected by national government and
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Project U269 Legal Aspects Ownership: Sole Trader Reasons why the ownership is suitable for my business: it is owned by one person, as the sole trader the owner is personally liable for the business debts, and may have to pay them personally. This is called Unlimited Liability. Advantages: * Not many legal restrictions on forming a business * Allows for a more personal service to the customer * Easier to maintain control, make decisions and implement changes quickly * No need
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” explain whether or he was making an offer that, if accepted, would bind the dealership in contract .“The Law of Contract in modern terms could be defined as 'an agreement containing a promise enforceable in law'. The four component parts of a contract are: 1) Agreement, offer and acceptance, 2) Mutuality and consideration, 3) Mentally Competent parties, and; 4) A legal objective. In a contract, if no time is specified for the performance of an act, a reasonable time is allowed. The reasonable
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Different Modes of Investment of Islami Bank Bangladesh Limited [pic] Islami Bank Bangladesh Limited Date of submission: 19th May, 2011 Different Modes of Investment of Islami Bank Bangladesh Limited Kawran Bazar Branch and Its Performance Prepared By www.AssignmentPoint.com Student Declaration I hereby declare that report entitled Different Modes of Investment
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| | | | | | | |2. Give examples of tests of controls for auditing the controls |6, 7, 8, 9 |42, 43 | |over conversion of materials and labor in a production process. | |
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Framework, The | 1.06 | Globalisation of financial markets | 1.06 | Financial markets, Globalisation of | 1.06 | Technological Innovation | 1.06 | Financial Innovation | 1.07 | Reduction of Barriers to Capital Flows | 1.07 | Convergence of GAAP | 1.07 | GAAP, Convergence of | 1.07 | Role of a framework of accounting | 1.07 | Framework of Accounting, Role of a | 1.07 | Positive Theories | 1.07 | Descriptive Theories | 1.07 | Normative Theories | 1.08 | Prescriptive Theories
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