FM 5-19 supersedes FM 100-14.
Field Manual 5-19 introduced to the Army the first doctrinal publication on risk management. It detailed the application of a step-by-step process to conserve combat power and resources.
This milestone manual outlined a framework that leaders could use to make force protection a routine part of planning, preparing, and executing operational, training, and garrison missions.
ATP 5-19 supersedes FM 5-19 as of April 2014.
Answer: See explanation
Explanation:
a. This is not a loss contingency. A loss contingency occurs when the value of an asset is reduced because of an occurence on the future. This isn't the case here as a separate sales transaction occured.
b. To account for it, we have to defer the revenue as a liability and then we will use the straight line basis to calculate the warranty expense.
2. Dr Cash $412,000
Cr Unearned revenue - extended warranties $ 412,000
(To record the sale of extended warranty)
Dr Unearned revenue - extended warranties. $57937.50
Cr. Revenue - Extended Warranties $57937.50
(To record revenue earned on extended warranty)
Answer:
1. Form 8-K : A unique or significant happening.
2. Form 10-K: Annual information required by Regulation S-X.
3. Form 8-K: Changes in control of the registrant.
4. Form 10-Q: Interim financial statements.
5. Not required: Fourth quarter income statement.
6. Form 8-K: Bankruptcy.
7. Form 10-K: Annual information required by Regulation S-K.
8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.
9. Not required: Changes in bookkeeping staff.
10. Form 8-K: Changes in the registrant's independent auditor.
Explanation:
The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.
Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;
1. Form 10-K.
2. Form 10-Q.
3. Form 8-K.
Answer:
If a CPA does an audit irresponsibly, the CPA will be held liable to third parties who were recognized and not foreseeable to the CPA for gross negligence.
It needs to be specified if the third party had been “anticipatable,” liability; it may be recognized for ordinary negligence within a Rosenblum v. Adler decision.
Explanation:
Answer:
14.6 years
Explanation:
Applying an early depreciation rate 'r = 18%', the value of an automobile originally valued at $18,000, after 't' years, is given by:
The number of years required for which V(t) = $1,000 is:
It will take 14.6 years for the value of the automobile to decrease to $1,000.
