New chemical entity

determines and improves generally accepted accounting principles (GAAP) for U.S. state and local government entities. However, GASB is not a government entity, it is an operating component of the Financial Accounting Foundation (FAF), a private sector not-for-profit entity (GASB, "Facts About GASB "). The accounting and financial reporting standards established by GASB are essential for government entities operate differently than for profit businesses. The Financial Accounting Standards Board…

company’s interests. In looking at Salomon v A Salomon and Co. Ltd [1879] AC 22 case, Max cannot be found liable for the loss Smart Engineering Pty Ltd. incurred because of the unpaid steel cable. This is because Shifty Seller Pty Ltd. is the business entity that takes the liability and not Max. As per chapter 5c, section 601FC, her intentions were honest because she knew Alex to be the best person with knowledge of the Chinese market and experience that would ensure expansion of the business…

allowed the to work together but manage liabilities and assets separately. The preferred method for a business arrangement where one person is running sales and the other person is running operations would be to create to legal entities. An operating entity and a holding entity. The operating company would then lease any assets it needs from holding company. Both companies would then be setup as LLC’s where one partner would maintain 51% of one company and the other partner would maintain 51% of…

it is the transfer of undertaking and liabilities from one company to another company. According to Marof , Chiplin and Wright , they have all defined merger as a combination of the assets and liabilities of two firms to form a single business entity. Under the Kenyan companies Act, mergers has been defined as either a transfer of undertaking, property and liabilities of one or more public companies (including the company in respect of which the compromise or arrangement is proposed) to…

“Man is an animal that makes bargains (or exchanges): no other animal does this - no dog exchanges bones with another”. (Smith, A. (n.d.) Whether man is an animal or better described as a creature, notwithstanding, it can easily be said, even taken as an axiom that humans are actors in the economy. Even Robinson Crusoe on his little island maybe described as an economic actor in so far as he is motivated to behave based on factors such as scarcity, choice and cost. It has been said that “man…

So this business entity has weak protection to partners because any of the partners can act without the permission of the other partners. (Your Personal Liability in a Partnership) Limited partnerships (LP) This business entity includes two types of partners one limited partner has limited liability and he takes the whole risk of the business, so he is liable for any depts…

The individual firms have access to each other’s technologies and intellectual property rights. This can assist with flexibility and to gain access into new markets and thus also allows the individual firms to focus on their competitive advantage. Disadvantages of forming a strategic alliance is the lack of control of intellectual property rights such as trademarks, patents and copyright protection. Unrealistic…

2.0 Common stock valuation Common stock represents ownership of the corporation. So the common stockholders are the owners of the firm. They elect the firm’s board of directors, who in turn appoint the firm’s top management team. The firm’s management team then carries out the day-to-day management of the firm. Characteristics of common stock Does not have maturity date, but exist as long as the firm’s does. Nor does common stock have an upper and lower limit on its dividend payments.…

met her boyfriend, she urged Mary to join them for lunch. “She would come looking for me at lunch and I’d hide behind some lockers and duck into the library when she wasn’t looking”. Mary hid because she didn’t want to ruin Karen’s chances of meeting new friends. It is without a doubt that Mary’s mother and Karen play extremely important roles in Mary’s life. However, her relationship with her mother lacks sincerity as her mother’s actions are driven by the necessity to sympathize with Mary…

Ethel Carew Tax Exemption Assignment #2 Due 3/16/15 The key to a mutually beneficial corporate sponsorship agreement is for both parties involve to enter into a written, legally enforceable agreement. One that will spell out the scope of the agreement in terms of fees, mutual expectations, ongoing oversight, follow-up procedures and procedure (s) for termination should any party default. Corporate sponsorship income is vigorously scrutinized by the IRS and a non- profit organization such as…