Liability

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    litigations. When conducting background checks a company must comply with the Fair Credit Reporting Act (FCRA), as well as not violate any federal or state equal opportunity laws or regulations. Background checks that are handled improperly can lead to liability for employers through two main areas: violation of human rights legislation and violation of privacy laws. The FCRA requires that…

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    known as the balance sheet shows a business 's assets and liabilities for a specific day and gives a summary of the business 's overall financial position. Assets are things that a business owns such as equipment or vehicles or could also be money that is owed to them at that time. Businesses need assets to receive money. To buy the assets they can us internal sources which is referred to as equity or external sources which are the liabilities of a…

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    Laxman Nayak Essay

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    laxman nayak [ASSIGNMENT 3] • Explain how assets and liabilities increase and decrease through credit and debit entries to general ledgers. The bookkeeping mathematical statement is a focal piece of accounting and bookkeeping. It can likewise give bits of knowledge into debits and credits. The fundamental bookkeeping mathematical statement is: Assets = Liabilities + Stockholders ' equity (if a corporation) Or Assets = Liabilities + Owner 's equity (if a sole proprietorship) Generally…

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    III. Balance Sheet Analysis Common-size Analysis After performing a balance sheet analysis for Dr. Pepper Snapple Group, Inc. over the past three years, from 2012-2014, there are many different contributing factors to show what the company has experienced. We can start by taking a look at some of the assets, and their differences between the years. First off, the ending inventory from 2013 to 2014 increased by 2%, a growth in relation to the 2012 to 2013 ending inventory increase of 1.52%. Dr.…

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    House Insurance Case

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    Next, I will analyze the property insurance plan and the liability risks. The Smith’s 3 bedroom, 2 baths, house has 1,600 square feet of living space with an attached garage. The house in west Edmond was newly built when they bought it 6 years ago for $145,000. Alex said that the replacement cost of the home is $250,000. They have an unendorsed HO-3 policy with Coverage A limits of $120,000. The plan covers the home and the attached garage. Since the home is insured for $145,000, the other…

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    video down was because of its detection of artificially inflated video views, which Darnaa, LLC never denied. YouTube’s terms of service agreement clearly prohibits this. Also, Section 10 of the terms of service agreement provides a “Limitation of Liability” and bars any action taken against YouTube in regards to the “interruption or cessation of transmission” of user content (United States District Court, 2017, pg. 2). On top of that, Section 14 of the agreement bars any actions taken after one…

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    Harco Case Study

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    qualify as a named insured under Harco’s Commercial Auto policy. Furthermore, California Insurance Code states, an occurrence involving a motor vehicle, where multiple policies are available, the motor vehicle’s auto policy is primary and all other liability policies shall be excess. Harco’s defense counsel estimates there is $12,000,000 in excess coverage over Harco’s $5,000,000 policy limit. However, this is…

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    Financial Accounting

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    net gain for the period if revenues are greater than expenses. When expenses exceed the amount of revenue, the income statement will show a resulting net loss. “The balance sheet (statement of financial position) reports the company’s assets, liabilities and shareholders’ equities” (Benedicto, 2008). Unlike the income statement, a balance sheet indicates a specific moment in time. Assets are broken up into two groups: current and fixed. Current assets are item expected to be sold or money…

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    RATIO ANALYSIS Financial ratios help external stakeholders, and enterprise managers know how well or poorly a business is performing and pinpoint areas that could do with improvement. Companies can also compare themselves to the competition or to diverse companies in other industries. Size need not be an issue since ratios standardize accounting relationships to provide management with a raw reckoning of financial status and trends. To better categorize them, financial ratios are generally…

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    is the Property, Plant and Equipment deferred tax liability. As noted within note fifteen of the income tax portion of the reports, this item has the highest deferred tax liability as of October 3, 2010. A future taxable amount is an indication that any taxable income for that specific item, or asset, is less than the pre-tax accounting income. Spiceland et al. describe…

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