to be identified 2. Arises from past transaction or event Not recognized until incurred 3. Settlement expected to result in outflow of resources embodying economic benefits. Obligation must be to pay cash, transfer noncash asset or provide service at some future time Measurement of financial liability Initial: fair value plus directly attributable transaction costs Fair value: present value of future cash payment Present value: discounted amount of future cash outflow using market rate
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Difference between Financial and Managerial Accounting. Financial and management accounting are both important tools for a business, but serve different purposes. A business uses accounting to determine operational plans in the future, to review past performance and to check current business functions. Management and financial accounting have different audiences, as investors are not usually involved in the day-to-day operations of the business but are concerned about their investment, whereas managers
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participate in the American Dream. Additionally, he chose to live a life where he would no longer possess an identity complex, or feel burdened by the race question. In choosing to recreate himself and pass as white, he also re-wrote the identity for his future children, by not revealing his colored descent to them. That in which, he decided that societal beliefs will not categorize his children, as it has done to him when he was a child. That in which, he left behind his desires and wants for fame so his
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family holds the responsibility for spreading the family value/blood, which is consumed as knowledge from the ancestors (and forbidden to be questioned) at an early age. However, this unique way of teaching often consists of shameful stories from the past as warnings for misbehaviors. When Maxine Hong Kingston, a first-generation Chinese American, first started menstruating, she was introduced to a woman with no name — a woman who has never been born. After the no name woman gave birth to her child
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1 MINING INDUSTRY - OVERVIEW AND RISKS FACTORS Definition of the Industry The mining industry encompasses a wide range of companies involved in different supply chain positions that represent exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification
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College Writing has helped me develop many necessary skills I will need for my future. Writing is the best way to express yourself. Writing is a great way to relieve stress, or just release feelings. This class has really opened my eyes to the importance of writing to life and what doors it can open for you. In this class I have also learned how to work with the APA format. Something I never thought I would be working with. The most interesting part of the college writing papers we had to do an
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about riding a weird and techy machine with all of these wormholes, vortex and colorful buttons. Time travelling is simply travelling in time through the past, present and future and it can be done through imagination. From time to time, being left alone brings images to flash before our eyes. Some of these images would be memories of the past which can be very enjoyable enough to occupy our attention for a long period of time. However, there are certain memories which we wished to never remember
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1. Give two reasons why there may be a short-run tradeoff between unexpected inflation and the unemployment rate? Unexpected inflation reduces real wages W/P, so labor becomes cheaper (adaptive expectations). So with cheaper labor firms hire more workers to satisfy equilibrium condition of MRPL=W/P MRPL - Marginal revenue product of labor W/P - real wage W - nominal wage P - price level (change means inflation). Expected inflation is assumed making labor contract, which does not in general
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In both A Separate Peace and I Am Legend there were many themes, but one theme stood out the most. War and Rivalry affected both Gene Forrester in A Separate Peace, and Robert Neville in I Am Legend. You can say war and rivalry affected them physically but it affected them much more than that. In A Separate Peace, Gene had a rivalry more with himself than any other character throughout the book. In a lot of instances Gene conflicted with himself just by overthinking things and making things much
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1 Diverse Beginning’s to an Enriching Future Matthew Baliles PSY 202 Adult Development and Life Assessment Prof. Suzanne Perkins May 21, 2012 3 Diverse Beginning’s to an Enriching Future My life as a child set the standards for the life and future I would strive to attain as an adult. In this paper I will describe and
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