The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).

January 1, 2017 December 31, 2017

Accounts payable (18,000) (32,500)

Accounts receivable 51,000   101,000

Accumulated depreciation—buildings (42,000) (47,000)

Accumulated depreciation—equipment 0   (7,200)

Bonds payable—due 2020 (61,000) (61,000)

Buildings 131,000   103,500

Cash 57,000   10,200

Common stock (66,000) (76,000)

Depreciation expense 0   37,000

Dividends (10/1/17) 0   54,000

Equipment 0   61,000

Gain on sale of building 0   (8,200)

Rent expense 0   20,700

Retained earnings (52,000) (52,000)

Salary expense 0   42,000

Sales 0   (151,000)

Utilities expense 0   5,500

Additional Information

Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.

Agee purchased buildings in 2011 and sold one building with a book value of Kr 22,500 on July 1 of the current year.

Equipment was acquired on April 1, 2017.

Relevant exchange rates for 1 Kr were as follows:

    2010 $2.75

2011 2.55

January 1, 2017 2.85

April 1, 2017 2.95

July 1, 2017 3.15

October 1, 2017 3.25

December 31, 2017 3.35

Average for 2017 3.05

Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $145,200, which included a remeasurement loss of $28,300.

Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $162,250, and a cumulative translation adjustment of $9,650 (credit balance).

(Input all answers as positive.)

1-Reasurement: Gain: ________________

2-Translation adjustment: Positive:______________

Problem 10-34 (LO 10-3, 10-4)

The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).

January 1, 2017 December 31, 2017

Accounts payable (24,000 ) (31,500 )

Accounts receivable 45,000 95,000

Accumulated depreciation—buildings (36,000 ) (41,000 )

Accumulated depreciation—equipment 0 (6,600 )

Bonds payable—due 2020 (55,000 ) (55,000 )

Buildings 125,000 100,500

Cash 51,000 9,600

Common stock (60,000 ) (71,000 )

Depreciation expense 0 31,000

Dividends (10/1/17) 0 48,000

Equipment 0 46,000

Gain on sale of building 0 (7,600 )

Rent expense 0 18,100

Retained earnings (46,000 ) (46,000 )

Salary expense 0 36,000

Sales 0 (133,000 )

Utilities expense 0 7,500

Additional Information

*Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.

*Agee purchased buildings in 2011 and sold one building with a book value of Kr 5,100 on July 1 of the current year.

*Equipment was acquired on April 1, 2017.

Relevant exchange rates for 1 Kr were as follows:

2010 $ 2.45

2011 2.25

January 1, 2017 2.55

April 1, 2017 2.65

July 1, 2017 2.85

October 1, 2017 2.95

December 31, 2017 3.05  

Average for 2017 2.75

a) Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $96,600, which included a remeasurement loss of $13,000.

b) Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $112,500, and a cumulative translation adjustment of $10,800 (credit balance).

Question 4

Consider each of the following independent and material situations, identified below (i-vi). In each case:

• the balance date is 30 June 2020;
• the field work was completed on 12 August 2020;
• the Directors’ Declaration and the Audit report were signed on 20 August 2020;
• the completed financial report accompanied by the signed Audit report were mailed to the shareholders on 26 August 2020.

1. On 26 September 2020, you discovered that a debtor at 30 June 2020 had gone bankrupt on 2 September 2020. The debt had appeared collectible at 30 June 2020 and 20 August 2020.

2. On 12 August 2020, you discovered that a debtor at 30 June 2020 had gone bankrupt on 5 August 2020. The cause of the bankruptcy was an unexpected loss of a major lawsuit by the debtor on 15 July 2020.

3. On 14 August 2020, you discovered that a debtor had gone bankrupt on 5 August 2020. The sale took place on 2 July 2020. The cause of the bankruptcy was a major uninsured fire at one of the debtor’s premises on 30 June 2020.

4. On 19 August 2020, the company settled a legal action out of court that had originated in 2016 and was listed as a continent liability at 30 June 2020.

5. A draft investigative report commissioned by a government enquiry was leaked to the media on 10 August 2020. The report has questioned the continued need for a segment of your client’s business. Accordingly, there is a significant uncertainty regarding the future necessity for one of the services offered by your client and its industry colleagues. There have been significant media attention and speculation on this issue.

6. Your client, BHP Mining, owns a mineral exploration licence in Western Australia. At 30 June this licence was valued by an independent expert at $20,000,000. This valuation is reflected in the financial report. On 17 August BHP Mining received notice that a claim was being lodged under the Native Titles Act for land which included that subject to the exploration licence. If the claim is successful, the exploration licence will be worthless.

Required:

1. For each of the situations described above (i-vi), select the appropriate action from the list below, and justify your response.

1. Adjust the 30 June 2020 financial report.
2. Disclose the information in the notes to the 30 June 2020 financial report.
3. Request that the client recall the 30 June 2020 financial report for revision.
4. No action is required.                                                                                                  (6*2= 12 marks)

If no action is taken by management for each of the events described above (i-v), determine the most appropriate audit opinion to be issued.            

Pharoah Corporation provides the following information about its defined benefit pension plan for the year 2020:

Pharoah follows IFRS.

QUESTIONS:

A) Prepare a continuity schedule for 2020 for the defined benefit obligation.

B) Prepare a continuity schedule for 2020 for the plan assets.

C) Calculate pension expense for the year 2020.

D) Prepare all pension journal entries recorded by Pharoah in 2020.

E) What pension amount will appear on Pharoah’s SFP at December 31, 2020?

Please Use your keyboard (Don't use handwriting) Thank you..

I need new and unique answers, please. (Use your own words, don't copy and paste)

HCI 314

Write a page and a half (400-600 words) in an essay style answer to respond to the following question:

Disruptive innovation is a driver for change in public health informatics. As a Health Informatics professional which innovation do you think has the greatest impact during COVID-19 pandemic and why?

_____

please re -write my answer to be unique answer..  I need new and unique answers, please. (Use your own words, don't copy and paste)

Protect yourself and others from COVID-19.it is spreading in your community, stay safe by taking some simple precautions, such as physical distancing, wearing a mask, keeping rooms well ventilated, avoiding crowds, cleaning your hands, and coughing into a bent elbow or tissue. Check local advice where you live and work.

How to prevent covid 19

• Maintain at least a 1-metre distance between yourself and others to reduce your risk of infection when they cough, sneeze or speak. Maintain an even greater distance between yourself and others when indoors. The further away, the better.
• Make wearing a mask a normal part of being around other people.
• Clean your hands before you put your mask on, as well as before and after you take it off.
• Make sure it covers both your nose, mouth and chin.
• Avoid the 3Cs: spaces that are closed, crowded or involve close contact.
  • Outbreaks have been reported in restaurants, choir practices, fitness classes, nightclubs, offices and places of worship where people have gathered, often in crowded indoor settings where they talk loudly, shout, breathe heavily or sing.
  • The risks of getting COVID-19 are higher in crowded and inadequately ventilated spaces where infected people spend long periods of time together in close proximity. These environments are where the virus appears to spreads by respiratory droplets or aerosols more efficiently, so taking precautions is even more important.
• Meet people outside. Outdoor gatherings are safer than indoor ones, particularly if indoor spaces are small and without outdoor air coming in.
  • For more information on how to hold events like family gatherings, children’s football games and family occasions, read our Q&A on small public gatherings.
• Avoid crowded or indoor settings but if you can’t, then take precautions:
  • Open a window. Increase the amount of ‘natural ventilation’ when indoors.
  • WHO has published Q&As on ventilation and air conditioning for both the general public and people who manage public spaces and buildings

Felton J. (SSN 322-95-1426, born 5/26/1973) and Mary I. Smith (SSN 236-09-2784, born 6/7/1976) are married and live at 22 Fancy Avenue, Richmond, VA 23240. Felton is a computer programmer and Mary is a school clerk. They have three children - Peter, Marie, and Martin. Felton and Mary provided all of the support for their children. Peter (SSN 091-46-5912), born 5/26/2000) is a full-time college student and worked at a pet store part-time where he earned $5,100. Marie (SSN 233-12-6464, born 2/10/2003) is a full-time high school student and worked at a supermarket earning $2,100. Peter and Marie had no other income. Martin (SSN 131-44-2687, born 7/4/2010) had no income.

The Smiths paid $3,200 to Genesis Learning Center for Martin’s after school program. The EIN is 20-6548732 and it is located at 35 Lilly Drive, Richmond VA 23241. They received ordinary interest of $59.40 from Bank of Richmond. Felton earned $31,200 and paid Federal Income tax of $2,260. Mary earned $20,400 and paid $986 in Federal Income Tax. In addition, they run a lawn mowing business that yielded gross receipts of $6,500 and had the following expenses: maintenance, $250; advertising, $75; supplies, $750; and fuel, $275. The business uses the cash basis for accounting purposes and the Smiths both materially participated in its operation.

The Smiths filed a joint return in 2016 and had itemized deductions of $13,850. Their 2016 state income tax deduction was $2,990. In 2017, the Smiths paid the following expenses:

Dental bills                                                                                           $ 415

Mortgage Interest                                                                                 $ 7,850

Real estate taxes                                                                                   $1,850

Home Insurance Premiums                                                                   $ 2,100

Medical bills                                                                                         $ 825

Hearing aid (Marie)                                                                              $ 225

Goodwill contribution (clothing FMV)                                                   $ 180

Toothpaste and other toiletries                                                               $ 115

Athletic club membership                                                                      $ 650              

Family health insurance                                                                        $1,350

Cash donated to a Church                                                                      $ 580

Prescription drugs                                                                                 $ 195

Personal property taxes                                                                         $ 405

Back brace (Peter)                                                                                $ 185

Junior Sluggers baseball league                                                             $ 20

Prepare the Smith’s Income Tax Return for 2019.

Evaluate Stephen Moehrle article 2010) on response to the Financial Accounting Standards Board's and International Accounting Standard Boatd's Joint Discussion paper Entitled preliminary views on Financial Statement Presentation.

Take two identical closed strings, both tracing out exactly the same path in space. These two strings are coincident everywhere. Call this state I.

Take a single closed string following exactly the same closed path as in the first case, but not closing just yet. The string goes around exactly the same path once again before closing in on itself. Two cycles around the same closed path. Call this state II.

String field theory tells us unambiguously states I and II are distinct.

Stretch this closed path to make it much larger than the string scale. Supposedly, stringy nonlocality only happens at the string scale. States I and II still differ.

Partition target space into local regions the size of the string scale. The path cuts across a chain of such local regions. If string theory were local, we can reconstruct the state of the entire universe from the restricted states of each subregion if we allow for quantum entanglement between regions. Locally, states I and II ought to be indistinguishable over each local region. For each local region, we always see two string segments passing through it. Thus, states I and II have to be identical?

This can't be. Either string theory is inherently nonlocal over scales much larger than the string scale, or it obeys Maxwell-Boltzmann statistics and not Bose-Einstein statistics.

This isn't some Aharonov-Bohm effect. Even if we include all the local regions in the "interior" of the closed loop, this doesn't change matters the least bit.

PS. Please reread my question more carefully. What you call configuration III is actually my configuration I.

PPS: Let me try to understand your explanation. If we have N coincident strings, or a string which winds round the same loop N times or any other combination in between, this can be described by an SN discrete gauge symmetry. The conjugacy class of the holonomy of this discrete gauge symmetry around the loop distinguishes between the various combinations. Feel free to correct me if I am wrong. This has the flavor of parastatistics, does it not?

Within the next decade, hydrogen fuel cell technology may emerge as a popular engine alternative within the automotive industry. Hydrogen gas storage technology, which remains a key issue to public safety, is continuing to advance. However, recent research has shown that polymer tanks that are reinforced with carbon fiber can achieve operating pressures above 50 MPa. For this example, consider a hydrogen refueling station that (for safety reasons) dispenses hydrogen gas to vehicles at a constant 20 MPa. Your car has a 65 L fuel tank. When you pull up to the station, your tank is at a pressure of 200 kPa (absolute). You may assume that the temperature of the hydrogen supply (of the refueling station), as well as the initial temperature of your tank are both at 300 K.

(a) If you add a mere 70 grams of hydrogen into your tank, what is the temperature rise inside of your fuel tank?

106.8 K

(b) After that little bit of hydrogen is added, what is the new pressure within your tank?

2077.6 kPa

(c) If instead of just adding a little fuel, you decide to fill up, how much hydrogen will fit in your tank? **Note: "Filling up" means you hold down the handle until no more fuel will flow into your tank. This happens when your tank pressure reaches the pressure of the hydrogen dispenser (20 MPa).

.737 kg

(d) What is the temperature within your tank after the fillup?

427.4 K

*** these are the answers i got but they are not correct