In: Biology
Imagine that you are departing on a 10-year voyage, leaving behind your pre-adolescent child. Your task is to compose a letter to help your imaginary child cope with the changes – biological due to puberty, cognitive, and social -- that will soon occur and associated with these changes issues of identity, autonomy, and sexuality.
In: Psychology
Tax law changes were passed at the end of 2017and Property tax deductions was one of the changes! please prepare a four page paper on below questions
Based on the current tax law for Property tax deductions, What was the prior law, what changed , who will it impact and how etc.?
In: Accounting
ASC 815 recommends that a derivative be valued at its fair market value. Furthermore, in a cash flow hedge, the changes in the value are separated into the effective and non-effective portions. How does the separation of the changes in value impact other comprehensive income (OCI) and current income in the income statement? Why?
In: Accounting
In: Operations Management
1- An MNC has an incentive to invest short-term funds in a foreign currency if investments denominated in the foreign currency have a ___(higher OR lower) interest rate than investments denominated in the home currency of the MNC.
True or False: If a currency’s LIBOR rate rises, the money market interest rates denominated in that currency also rise.
2- True or False: Short-term loans of six months or less, extended by banks to MNCs in Europe, are called eurocredit loans.
3- The United States Congress passed the Sarbanes-Oxley (SOX) Act in 2002. This act required all firms, including foreign firms, to provide more comprehensive financial information in order to list their stock on US stock exchanges.
True or False: The high cost of SOX compliance leads some non-US firms to withdraw from US exchanges.
True
False
In: Finance
In: Biology
QUESTION 23
According to SFAS No. 141 on business combinations:
| a. |
Either method can be used, but goodwill is recorded as a nonrecurring item |
|
| b. |
Goodwill is now outlawed |
|
| c. |
The purchase method must be used now for all acquisitions |
|
| d. |
The pooling of interests method must be used now for all acquisitions |
1 points
QUESTION 24
U.S. Steel recently acquired Marathon Oil. This is an example of a(n):
| a. |
Push-down merger |
|
| b. |
Conglomerate merger |
|
| c. |
Horizontal merger |
|
| d. |
Vertical merger |
1 points
QUESTION 25
In the first quarter 2002, AOL-Time Warner wrote off $54 billion related to their recent merger. This was because:
| a. |
The merger was restated as a pooling of interests based on SFAS No. 141 |
|
| b. |
Impaired goodwill was written off based on SFAS No. 142 |
|
| c. |
Of normal amortization of goodwill for the year |
|
| d. |
All goodwill was written off, because goodwill is no longer an asset according to SFAS No. 142 |
In: Finance
Sarbanes–Oxley Act Compliance As a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) you have been asked to perform an audit of company records in support of the Attest function to verify the annual statements. The inventory balances from the computerized system are reported to be $121 million, but reports from field auditors show that balances are severely overstated. In discussions with employees and managers, you find some overlap in functions with certain personnel authorized to perform functions in other departments. Also, several personnel have not taken vacations in over three years. In compliance with the Sarbanes–Oxley Act of 2002, what would be your approach for the audit assignments:
1. In no more than 750 words discuss three general control weaknesses you may test and examine in the capacity of IT Auditor. Explain what audit evidence would you gather?
In: Computer Science
In: Accounting