Case ACTG 352: Intermediate Accounting III October 9th, 2014 To: Big Bear Power Date: October 7, 2014 Re: The Bear Minimum Summary Big Bear Power, a public utility company, has entered into a 10-year non-cancelable agreement with Goliath Company to lease a turbine. The lease is effective on January 1, 2011. The purpose of this report is to provide Big Bear with insight in evaluating whether the costs or potential costs associated with the lease should be included in the “minimum lease
Words: 1395 - Pages: 6
lease with Goliath Company for a combustion turbine. The lease is signed on December 15, 2010 and the right to use the turbine begins on January 1, 2011. Relevant Issues and Case Facts The case focuses on whether certain costs and provisions associated with the lease would be included in “minimum lease payments” under ASC 840 under leases. There are three specific provisions under question: legal fees paid in negotiating the lease contract, a possible penalty paid by Big Bear to Goliath in the
Words: 1019 - Pages: 5
company, has agreed to a 10-year non-cancelable lease of a combustion turbine from Goliath Co. The lease was signed on December 15, 2010, and begins on January 1, 2011. The lease requires Big Bear to pay $1 million of legal fees incurred by Goliath, and third party legal fees as part of the lease. The lease also states that if a change in control event occurs, Big Bear must purchase the equipment leased from Goliath Co. within 30 days at a price equal to the remaining lease payments. This provision
Words: 472 - Pages: 2
colored background to intensify and focus on the man holding on someone’s head. To viewers it can mean a dramatic violence and death. Some say that the painting of David and Goliath stands for “Christ and Satan and the triumph of good over evil in orthodox Christian iconography of the period.” (David with the Head of Goliath). During this time, the Roman Catholic had influenced the art culture. Another great artist example during Baroque art period is Peter Paul Rubens. He was born Jun 28, 1577 and
Words: 583 - Pages: 3
Universal Stories Teamwork The Bundle of Sticks An Aesop Fable The Greek folk hero, Aesop, illustrates the concept of teamwork in this short but affective fable. The story centers on a father demonstrating to his sons, the importance of working together. Illustrating this concept, especially to these feuding siblings, wasn’t a simple task but was made easier by using a common item that each son was familiar with. The father challenged his sons by giving each a bundle of wood. The sons were
Words: 903 - Pages: 4
like my heart was beating 500 times per second. I realized that I was about to ride the biggest ride in Sixflags. “The Goliath”…And I was in for a wild ride… It was going to be a fun school day. Because we were going to six flags during a field trip. I gathered with my friends Ivan and Isaac. Little did we know we were in for a ride of a life time. We planned to get on the goliath first but Isaac said we will go to the Georgia cyclone. But he had to run to the restroom. We decided to ditch him because
Words: 899 - Pages: 4
Comparison of Three Sculptures The sculptures of David, the slayer of Goliath, are all highly revered sculptures. The three sculptures from Michelangelo, Bernini, and Donatello all carry the same meaning, which is that David was an important symbol for freedom from tyranny. The way that each artist conveyed their message was very different from the others. Michelangelo’s David is based on the time just prior to battle with Goliath, and Donatello’s was just after the battle. There are similarities
Words: 375 - Pages: 2
After examining David’s life story, especially the whole incident that occurred between the Israelites and Goliath, there are so many ways in which the event can help one to notice various ways in which David's story actually shows what is needed for us in order to become the leader that God wants us to be, and also, that will make people accept one as their leader
Words: 2022 - Pages: 9
represented in artists of the time’s work. A memorable one that at the time was seen as a “symbol of a weaker power triumphing over a mighty power”* was that of David and the Goliath. This is the famous tale of a young peasant, David, that courageously and unarmed defeated the terrifying King of Israel Goliath, and immediately became a model figure to the Hebrews.* Several artists such as Donatello, Verrocchio, Michelangelo and Bernini, produced sculptures of the grand David between
Words: 1560 - Pages: 7
The Renaissance & Baroque Arts The Renaissance, also known as the period of “rebirth”, directly followed the Middle Ages. Some considered the Renaissance period as a bridge from the “Dark Ages” to the modern era or the “light”. This period in history lasted about four centuries—late 13th century to the early 17th century— featuring “a revival of classical art, literature, philosophy, architecture, and learning” and introduced some of “the finest artists and intellectual achievements in the history
Words: 1100 - Pages: 5
