Vietnam Turning Point free essay sample

There were numerous episodes during the Vietnam War that one could call a defining moment. These incorporate the 1 963 Buddhist mobs, the overthrow against Diem in 1 963, President Kennedys 1963 death, the Gulf of Tontine goals on 1964, and the presidential decisions in 1964. In light of that, the assault on the ISIS MADDOX in tests additionally a key defining moment for American contribution in the war.In August 1 964, North Vietnam deliberately assaulted the US MADDOX. The main occurrence happened on August 2, 1964. Watch pontoons were sent by the Vietnamese to sink the MADDOX, anyway the MADDOX sunk the watch vessels and left the zone (Farrell). The alleged second occurrence happened two days after the fact when the MADDOX and the US Turner Joy trusted themselves to be enduring an onslaught again however there was never any proof to us port the assault. These were the primary deliberate assaults brought against the U. S. By the North Vietnamese.Because of that it ought to be viewed as a significant demolishing point and not simply one more occasion in war. We will compose a custom paper test on Vietnam Turning Point or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page These purposeful assaults demonstrated the Vietnamese goal to battle the U. S. When there had not recently been the expectation. America needed to follow up on this and they did as such by making the Gulf of Ton family goals. The goals expresses the Congress endorses and underpins the assurance of the president, as Commander-in-Chief, to take every single vital measure to repulse any outfitted assaults against the powers of the United States and to forestall further aggression.The United States is in this manner arranged, as the President decides, to make every vital step, including the utilization of equipped power, to help any part or convention condition of the Southeast Asia Collective Defense Treaty mentioning help with barrier of its opportunity (Moss, 2010)With that we were set up to follow up on any assaults if vital. Paving the way to the Gulf of Tontine episodes was the upset against Diem and the death of President Kennedy in 1963.

1996 Mount Everest Disaster - Death on Top of the World

1996 Mount Everest Disaster - Death on Top of the World On May 10, 1996, a savage tempest slid upon the Himalayas, making dangerous conditions on Mount Everest, and abandoning 17 climbers high upon the tallest mountain on the planet. By the next day, the tempest had killed eight climbers, making it-at the time-the best death toll in a solitary day throughout the entire existence of the mountain. While climbing Mount Everest is naturally unsafe, a few variables (beside the tempest) added to the heartbreaking result swarmed conditions, unpracticed climbers, various postponements, and a progression of awful choices. Huge Business on Mount Everest Following the main highest point of Mount Everest by Sir Edmund Hillary and Tenzing Norgay in 1953, the accomplishment of climbing the 29,028-foot top had for quite a long time been constrained to just the most tip top climbers. By 1996, notwithstanding, climbing Mount Everest had advanced into a multi-million dollar industry. A few mountaineering organizations had set up themselves as the methods by which even novice climbers could culmination Everest. Charges for a guided trip ran from $30,000 to $65,000 per client. The fateful opening for moving in the Himalayas is a tight one. For only half a month between late April and late May-the climate is normally milder than expected, permitting climbers to rise. In the spring of 1996, various groups were preparing for the ascension. By far most of them drew nearer from the Nepalese side of the mountain; just two campaigns rose from the Tibetan side. Progressive Ascent There are numerous threats associated with rising Everest too quickly. Hence, endeavors take a long time to rise, permitting climbers to step by step adapt to the evolving environment. Clinical issues that could create at high heights incorporate serious elevation ailment, frostbite, and hypothermia. Different genuine impacts incorporate hypoxia (low oxygen, prompting poor coordination and debilitated judgment), HAPE (high-elevation aspiratory edema, or liquid in the lungs) and HACE (high-height cerebral edema, or growing of the cerebrum). The last two can demonstrate particularly destructive. In late March 1996, bunches collected in Kathmandu, Nepal, and picked to take a vehicle helicopter to Lukla, a town situated around 38 miles from Base Camp. Trekkers at that point made a 10-day climb to Base Camp (17,585 feet), where they would remain half a month acclimating to the height. Two of the biggest guided gatherings that year were Adventure Consultants (drove by New Zealander Rob Hall and individual aides Mike Groom and Andy Harris) and Mountain Madness (drove by American Scott Fischer, helped by guides Anatoli Boukreev and Neal Beidleman). Lobbies bunch included seven climbing Sherpas and eight customers. Fischers bunch included eight climbing Sherpas and seven customers. (The Sherpa, locals of eastern Nepal, are acclimated with the high elevation; many make their living as care staff for climbing endeavors.) Another American gathering, helmed by movie producer and famous climber David Breashears, was on Everest to make an IMAX film. A few different gatherings originated from around the world, including Taiwan, South Africa, Sweden, Norway, and Montenegro. Two different gatherings (from India and Japan) moved from the Tibetan side of the mountain. Up to the Death Zone Climbers started the acclimatization procedure in mid-April, taking progressively longer fights to higher rises, at that point coming back to Base Camp. In the end, over a time of about a month, the climbers advanced up the mountain-first, past the Khumbu Icefall to Camp 1 at 19,500 feet, at that point up the Western Cwm to Camp 2 at 21,300 feet. (Cwm, articulated coom, is the Welsh word for valley.) Camp 3, at 24,000 feet, was nearby the Lhotse Face, a sheer mass of cold ice. On May 9, the planned day for the climb to Camp 4 (the most noteworthy camp, at 26,000 feet), the undertakings first casualty met his destiny. Chen Yu-Nan, an individual from the Taiwanese group, submitted a deadly blunder when he left his tent toward the beginning of the day without having tied on his crampons (spikes appended to boots for jumping on ice). He descended the Lhotse Face into a chasm. Sherpas had the option to pull him up by rope, yet he passed on of interior wounds soon thereafter. The trek up the mountain proceeded. Climbing upward to Camp 4, everything except just a bunch of world class climbers required the utilization of oxygen to endure. The region from Camp 4 up to the culmination is known as the Death Zone as a result of the hazardous impacts of the incredibly high elevation. Climatic oxygen levels are only 33% of those adrift level. Trek to the Summit Begins Climbers from different undertakings showed up at Camp 4 for the duration of the day. Later that evening, a genuine tempest blew in. Pioneers of the gatherings expected that they would not have the option to climb that night as arranged. Night-time of intense breezes, the climate cleared at 7:30 p.m. The ascension would go on as arranged. Wearing headlamps and breathing packaged oxygen, 33 climbers-including Adventure Consultants and Mountain Madness colleagues, alongside a little Taiwanese group left at about 12 PM that night. Every customer conveyed two extra containers of oxygen, however would run out at about 5â p.m., and would, consequently, need to slide as fast as conceivable once they had summitted. Speed was of the substance. In any case, that speed would be hampered by a few lamentable slips up. Pioneers of the two principle endeavors had as far as anyone knows requested Sherpas to venture out in front of the climbers and introduce lines of rope along the most troublesome regions in the upper mountain so as to stay away from a log jam during the rising. For reasons unknown, this pivotal errand was rarely done. Highest point Slowdowns The principal bottleneck happened at 28,000 feet, where setting up the ropes took about 60 minutes. Adding to the postponements, numerous climbers were exceptionally delayed because of inability. By late morning, a few climbers holding up in the line started to stress over getting to the highest point so as to plummet securely before sunset and before their oxygen ran out. A subsequent bottleneck happened on the South Summit, at 28,710 feet. This deferred forward advancement by one more hour. Endeavor pioneers had set a 2â p.m. pivot time where climbers must pivot regardless of whether they had not arrived at the highest point. At 11:30 a.m., three men on Rob Halls group pivoted and headed down the mountain, acknowledging they probably won't make it in time. They were among the rare sorts of people who settled on the correct choice that day. The main gathering of climbers made it up the broadly troublesome Hillary Step to arrive at the highest point at about 1:00 p.m. After a concise festival, the time had come to pivot and complete the second 50% of their arduous trek. They despite everything expected to get down to the general security of Camp 4. As the minutes ticked by, oxygen supplies started to lessen. Lethal Decisions Up at the highest point of the mountain, a few climbers had been summiting admirably after 2:00 p.m. Mountain Madness pioneer Scott Fischer didn't authorize the pivot time, permitting his customers to remain on the highest point past 3:00. Fischer himself was summiting similarly as his customers were descending. In spite of the inconvenient time, he proceeded up. Nobody addressed him since he was the pioneer and an accomplished Everest climber. Afterward, individuals would remark that Fischer had looked extremely sick. Fischers colleague manage, Anatoli Boukreev, had mysteriously summited at an early stage, and afterward plunged to Camp 4 without anyone else, rather than standing by to help customers. Ransack Hall likewise overlooked the pivot time, remaining behind with customer Doug Hansen, who was experiencing difficulty climbing the mountain. Hansen had attempted to highest point the earlier year and fizzled, which is likely why Hall put forth such an attempt to help him up in spite of the inconvenient time. Lobby and Hansen didn't highest point until 4:00 p.m., be that as it may, dreadfully late to have remained on the mountain. It was a genuine failure to comprehend the issues at hand on Halls section one which would cost the two men their lives. By 3:30 p.m. unfavorable mists had showed up and snow started to fall, concealing tracks that sliding climbers required as a manual for discover their way down. By 6:00 p.m., the tempest had become a snowstorm with intense breezes, while numerous climbers were all the while attempting to advance down the mountain. Trapped in the Storm As the tempest seethed on, 17 individuals were gotten on the mountain, a hazardous situation to be in after dull, however particularly so during a tempest with high breezes, no ability to see, and a breeze chill of 70 underneath zero. Climbers were likewise coming up short on oxygen. A gathering joined by guides Beidleman and Groom headed down the mountain, including climbers Yasuko Namba, Sandy Pittman, Charlotte Fox, Lene Gammelgaard, Martin Adams, and Klev Schoening. They experienced Rob Halls customer Beck Weathers on their way down. Climates was abandoned at 27,000 feet in the wake of being blasted by transitory visual deficiency, which had kept him from summitting. He joined the gathering. After an exceptionally moderate and troublesome plummet, the gathering came surprisingly close to Camp 4, yet the driving breeze and snow made it difficult to see where they were going. They crouched together to hold up out the tempest. At 12 PM, the sky cleared quickly, permitting advisers for see the camp. The gathering took off toward camp, yet four were too weakened to even consider moving Weathers, Namba, Pittman, and Fox. The others made it back and sent assistance for the four abandoned climbers. Mountain Madness control Anatoli Boukreev had the option to help Fox and Pittman back to camp, yet couldn't deal with the almost insensible Weathers and Namba, particularly in the center of a tempest. They were esteemed past assistance and were hence deserted. Demise on the Mo

Excessive Alcohol Drinking Risks and Concerns

Excessive Alcohol Drinking Risks and Concerns Addiction Alcohol Use Print What Is At-Risk Alcohol Drinking? Heavy Drinking or Binge Drinking By Buddy T facebook twitter Buddy T is an anonymous writer and founding member of the Online Al-Anon Outreach Committee with decades of experience writing about alcoholism. Learn about our editorial policy Buddy T Medically reviewed by Medically reviewed by Steven Gans, MD on June 07, 2016 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on October 23, 2019 How Much Alcohol Is Risky?. © PhotoXpress.com More in Addiction Alcohol Use Binge Drinking Withdrawal and Relapse Children of Alcoholics Drunk Driving Addictive Behaviors Drug Use Nicotine Use Coping and Recovery How do you know if you are drinking too much or too often? What does it mean if you drank a bottle of wine last night? The National Institute on Alcohol Abuse and Alcoholism (NIAAA) has conducted research to see who is most at risk of abusing alcohol. What Are the Recommended Levels? According to the NIAAA, guidelines for heavy or at-risk drinking are as follows:Five or more drinks for men: Five or more drinks during any one drinking session, or more than 14 drinks a week, is considered risky.Four or more drinks for women: Four drinks or more during a day, or more than seven drinks a week, is considered heavy drinking for women. If you drink less than the above-recommended amounts, your level of drinking is considered in the low-risk category. According to a major national survey conducted by the NIAAA, only 2% of people who drink at those levels are at risk for developing alcohol abuse disorders or alcoholism. You may be thinking, No one drinks that small amount of alcohol. Anyone who drinks alcohol drinks more than that. But, its not true that everyone drinks a lot. According to the NIAAA survey: Less than 30% of people drink at at-risk levels37% always drink at low-risk levels35% do not drink at all.28% of people drink at heavy or at-risk levels How Much Alcohol Is Too Much? The Risks If you exceed the guidelines, your risk of developing alcohol abuse or alcohol dependence increases significantly. Generally, about 25% of people who drink at higher than the recommended guidelines will develop alcohol problems. If you drink heavily only one day a month, your chances of having an alcohol use disorder are about 20%.If you exceed the guidelines once a week, the chances jump to 33%.If you drink heavily twice a week, the chances of developing a problem are 50%â€"one in every two people. Drinking too much not only puts you at risk of developing an alcohol use disorder, but it also increases the risk of harm in other areas of your life. Injuries Drinking more than the recommended guidelines can put you at risk of being injured or killed. For example, alcohol is a factor in 60% of all fatal burn injuries, drownings, and homicides. Alcohol plays a role in 50% of all severe trauma injuries and sexual assaults as well as being a factor in 40% of all fatal motor vehicle crashes, fatal falls, and suicides. Health Problems The number of health problems that excessive alcohol consumption can cause is long and varied. Heavy drinking can increase the risk of the following Several types of cancerLiver diseaseHeart diseaseStrokeDepressionSleep disordersSexually transmitted diseases (from unsafe sex) Drinking too much can also make managing other health problems and conditions more difficult, such as diabetes, high blood pressure, and others. Birth Defects Drinking during pregnancy can cause a wide range of brain damage and other birth defects for newborns. It is unknown if any amount of alcohol during pregnancy is safe for the unborn baby, therefore it is recommended that pregnant women avoid alcohol. Facts You Need to Know About Alcohol Could You Have a Problem? If you go out with friends or co-workers during the week and drink five or more drinks (four for women) and you also drink heavily one night during the weekend, there is a 50-50 chance that you will develop an alcohol use disorder, if you dont have one already. If this pattern sounds familiar, its a good idea to try to cut down your alcohol consumption or try to quit. You might also want to take this quiz to see if your drinking level might already fall into the definitions of alcohol abuse or alcohol dependence. The Difference Between Alcohol Abuse and Dependence

Venezuela and democracy Free Essays

Venezuela Is a country ruled by dictatorship hidden by democracy. Basically, the whole governmental system Is controlled by Hugo Chavez and his own party. The problems that exist are foot shortage, prlvatlzatlon of recourses(such as 011) and economic Issues. We will write a custom essay sample on Venezuela and democracy or any similar topic only for you Order Now The volce of people can’t be heard. Many evidences tells that Venezuela is actually a dictatorship country, not a democracy country as it seems. President Hugo Chavez had control of the election in Venezuela. 2 The government was trying to control the people by police officers. They abused student groups with iolence and threat. On the streets, while the students were peacefully protesting fighting for their freedom, democracy and civil rights, the police tried to stop them. 4 The common goal in Venezuela is to get real democracy. People take actions. For example, students form the organization â€Å"VotoJoven,† to promote democracy. 7 They achieved striking results with the registration of more than 750,000 new voters In the system In 2010. They demand students rights. Come back to our important topic, as the â€Å"former† of the countrys problems, Chavez, who has been on the position of President since 1999. How to cite Venezuela and democracy, Papers

Weirich Casesolutions Essay Example

Weirich Casesolutions Paper Julie now wonders how to disclose this prior period adjustment in its current years Statement of Cash Flows, Case 12 Solution: Problem Identification: How should a company disclose prior period adjustments in its Statements of Cash V-lows? Keywords: prior period adjustments; retained earnings; Statement of Cash Flows. Conclusion: Per ASS 250-10-50-9, Julie should disclose the effect of a prior period adjustment (for a single periods financial statement) as an adjustment in the opening balance in retained earnings-? plus make adequate footnote disclosures of the reasons for and effect of the adjustment. Moreover, per 230-10-50-3, Julie should also disclose information about investing and financing activities that did not result in cash receipts for the current period. Thus, Julie should also disclose the differences in the account balances of the two consecutive balance sheets both in the statement of cash flows and in an appropriate footnote. Case 13: The Heather Companys fiscal year ends on June 30. Its employees (With at least three months Of experience) are entitled to 12 paid sick days annually for each calenderer beginning on January I. An employee not taking his/her earned sick days would receive moment thereon on December 31 of that year. How should Heather record and measure such a liability as Of June 30th? Case 13 Solution: Problem Identification: Should Heather recognize any liability for the above potential contingency, and, if so, how should it measure and record it? Keywords: Contingency; compensated absence; matching concept. We will write a custom essay sample on Weirich Casesolutions specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Weirich Casesolutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Weirich Casesolutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Conclusion: Per ASS 710-10-25-1 , if : (a) the employees have worked the required time periods to earn the compensated sick pay; (b) these rights are vested; (c) payment of compensation is probable; and (d) the amount can be reasonably estimated, he liability exists, These conclusions follow reasonable and probable criteria to SEAS No. 5, pars. 5 and 22, which also require measuring the past History to employees using these benefits (e. G. , also consider employee turnover). In this above, relatively simple example, an employee who used tour days of vacation would be entitled to eight more-?i. E. , the balance that Heather must accrue, However, if, the employer plan were based upon an accrual concept, it would pro rate the uneaten days for the remainder of yean Case 14: Alex Corporation is planning this year to present comparative income statements but only the rent years balance sheet. James Johnston, president of Alex Corporation requests your advice as to whether comparative cash flow statements for both the current and prior periods are necessary considering only the current years balance sheet is presented. Are there any authoritative pronouncements that address this issue that you could present to Mr.. Johnston? Case 14 Solution: Problem Identification: The issue is whether comparative cash flow statements are necessary when comparative income statements are presented, but only a single year balance sheet is also presented. Key Words: imperative statements, cash flow statements Conclusion: ASS 230-1 C. 1 5-3 states that a business enterprise that reports both financial position and results of operations shall also provide a statement of cash flows for each period for which results of operations are provided. Therefore, comparative cash flow statements need also be presented, Case 15: A new client for your firm is Sam Jones who is preparing personal financial statements for a bank loan, Mr.. Jones is attempting to list his social security benefits to be received based on his future elite expectancy as an asset on his financial statements, Mr.. Jones states that such benefits meet the definition of an asset. Would you agree to allow the social security benefits to be listed as an asset? Case IS; Solution Problem identification: The issue is feather social security benefits to be received based on ones future life expectancy should be considered an asset on personal financial statements. Key Words: assets, personal financial statements Conclusion: ASS 274-10-35-11 states that unforgettable rights to receive future sums must meet certain criteria to qualify as an asset One criteria states that the rights must not be contingent on the individuals life expectancy or the currency of a particular event, such as disability or death. Since social security benefits are contingent on ones life expectancy, such benefits do not qualify to be listed as assets on ones personal financial statements. Case 16: Albright Inc. Has recently issued a stock dividend to its existing stockholders. As a result of the issuance of the stock dividend the market price of the stock declined 25%. Albright has requested your assistance as to treating this stock dividend as a stock split. Would this be acceptable under GAP? Case 16: Solution Problem identification: The issue for this case is whether a 10% stock dividend hat reduces the market price of the stock can be accounted for as a stock split. Key Words: Stock dividends, stock splits Conclusion: ASS 505-20-25-1 through 25-3 state that to treat the 10% stock dividend as a stock split, Albright would need to demonstrate that the additional shares issued is large enough to materially influence the unit market price of the stock. Case 17: Horizons Inc. Has agreed to sell an investment in a subsidiary that has been accounted for on the equity method of accounting to a minority stockholder in exchange for the stockholders share in Horizons. Since the fair alee of the investment exceeds its book value, Horizons CEO is considering recognizing a gain on the exchange. However, the new SCOFF at Horizons is recommending to the board of directors that the excess from the exchange be accounted as a credit to equity. Horizons turns to you for advice! Case 17: Solution Problem identification: The problem under review in this case is whether a gain on a monetary exchange can be recorded. Key Words: Monetary exchange, monetary asset, or nonreciprocal transfer Conclusion: ASS 845-10-30-1 States that a transfer Of a monetary asset is a nonreciprocal ranges and should be recorded at the fair value of the asset transferred, and that a gain or loss should be recognized on the disposition Of the asset. ADVANCED ACCOUNTING ; cases Case 1: Rosier Corporation has 70% of the outstanding voting stock of Smith Corporation and of the voting stock of Tommy Corporation. Smith also just spent $10,000 to acquire 20% of Tommys voting stock. Smith has issued irrevocable letters of credit to guarantee Totems notes payable. In the current year, Tommy lost $100,000, How should the parties report the above arrangements in its consolidated financial statements? Case 1 Solution: robber Identification: How should guarantees among related (but not fully owned) parties be disclosed in both their consolidated and separate financial statements? Keywords: Control; consolidated financial statements; related part/ transactions: gain and loss contingencies. Conclusion: First, Smiths share of Tommys net losses (20% of $100,000 520,000) exceeds its cost basis of Tommy ($10,000). Per 430-30-25-1, entities should normally not recognize gain contingencies. Thus, the guarantee should not be recognized in Rookies or Totems financial statements-?other than through disclosures in the footnotes. Similarly, per 810-10-45-7, in the unusual case in which losses applicable to the minority interest in a subsidiary exceed the minority interest in the equity capital, such excess should be charged against the majority interest. Per ASS 810-10-45-21, losses excess, and any further losses, shall be attributed to those interests even if that attribution results in a deficit noncontributing interest balance. Case 2: Joe Brock owns 10,000 of the 60,000 outstanding shares of Big Corporation; Leslie Ross own 20,000 shares; Mark Jones and his twin brother Sam each own 5. 000 shares; and about 300 other shareholders own the remaining 0,000 shares-?with no one other shareholder owning more than 1,000 shares. According to the provisions of SEAS 94, since Leslie owns half of the outstanding shares, he, in general, controls Big Corporation and, thus, should consolidate his interest with that of the corporation, However, Joe Brock is unhappy with Marks management decisions and plans to challenge his authority. What factors arise in considering if a minority investor can maintain such control or even prevent others from exercising such control? Case 2 Solution: problem Identification: Can corporate control rest with others besides the sorority owner? What factors should we examine to make such a determination? Should we separately analyze situations where the minority shareholder seeks actual control, or (merely) wishes to Veto another party (e. G. , majority shareholder) from exercising this control? Key. fords: Consolidated financial statements; consolidation (of majority owned subsidiaries); contingencies; related parties; accounting changes. Conclusion: Per ASS 810-10-25-1 through 25-14, deciding if a minority shareholder can overcome the presumption that the majority shareholder maintains this control depends on many facts and judgments. First, can the minority shareholder participate, veto, or cause certain operating ordinary operating (e. G. , Which bank to hold corporate assets) (i. E. , which it calls protective rights) and long-term (e. G. , who sets top managements salary and Which tender Offer to acquire the company to accept) (i. E. , Which it calls participating rights) management decisions to occur. Other factors include restating prior years financial statements if control passes to the minority shareholder; and does the minority shareholder control technology or customers of crucial interest to the company. Case 3: The Treasury Department of Drop Motors invests excess funds daily (e. G. , in foreign currencies). It, thus, earns profits and losses, which are included in the companys consolidated financial statements. Should Drop consider its Treasury operations as a (distinct) segment in preparing its external financial statements? Case 3 Solution: problem Identification: Should corporate divisions that generate revenues and expenses qualify as an operating segment tort financial statement purposes? Keywords: Segment; operating division. Conclusion: Per ASS 280-10-50-1 all operating segments can be reported parallel if they meet the guidelines: it generates revenues and expenses that a corporate decision-maker reviews, and has discrete financial information available. However, management should also believe that such additional information can contribute to outside readers and users better understanding the enterprises operations. Case 4: The Built-well Construction Company is building a hospital for a third party. As such it borrows substantial funds from a foreign bank and repays the required interest costs as scheduled. Bulletin also incurs some foreign currency truncation gains and losses on these transactions. Bulletin properly amortizes the interest costs over the life Of the construction project, but would now also like to amortize the associated foreign currency transaction gains and losses as well. Can Bulletin amortize such costs? Case 4 Problem Identification: Should a construction company amortize or expense the gains and losses of foreign currency transaction gains and losses expended while a building was under construction? Keywords: Foreign currency translation; capitalization (of interest costs). Conclusion: Although Bulletin apparently correctly amortized interest costs during construction-?per the provisions of ASS 35, it cannot amortize such foreign currency transaction gains and losses. Per ASS 830-20-35-1, increases or decreases in expected functional currency cash flows become foreign currency transaction gains or losses, i. E. , period costs. Case 5: Tony Computer Services Corporation trades 50% of its common stock for the rights to certain computer programs of the Janet Corporation. Janet previously expensed such costs of developing these computer programs. Tony concurrently sold the other interest in its stock to the Jennet Company for Tony later acquired another the rights to the udder Computer Companys computer programs in exchange for stock valued at $1 Tony, thus, debited Investments in Subsidiaries and credited Earnings for $1. 5 million to reflect this latest transaction. How should Tonys consolidated financial statement reflect the value of the expensed computer programs? Case 5 Problem Identification: Should Tony recognize the value of the acquired computer programs, or should these results be consolidated, i. E. , eliminated?

John Paul Jones and the New American Navy essays

John Paul Jones and the New American Navy essays John Paul Jones became a hero to America during the Revolutionary War. Considered the Father of the American Navy, he was the war's first naval commander, leading a navy that at the time, barely existed. He became a strategic captain and had a reputation as a hot-tempered leader. John Paul Jones, originally named John Paul, was born on July 6th, 1747 on the estate of Arbigland, which is located in the southwest region of Scotland. He attended school in the nearby small village, Kirkbean. He was drawn to the sea at a young age, spending much time at Casethorn, a port on the Solway Firth. This was where he first boarded a vessel at age thirteen. The vessel brought him to Whitehaven where he began a seven year seaman's apprenticeship. The Friendship brought him on his first voyage to Barbados, as well as Fredericksburg, Virginia, where he learned Upon his return to Whitehaven he was released from his apprenticeship early due to the financial issues of his leader. He then became third mate on the ship King George, which was part of the slave trade. He didn't last long in this industry because he strongly disagreed with the poor treatment of the slave. After quitting the slave trade, he returned home on the John of Kirkcubright. He was forced to take command after the ship's captain and first mate became ill with fevers that eventually took their lives. The owners then appointed him master for the next trip to America. It was on this ship that John Paul had been accused of whipping the ships carpenter, which reportedly led to his death. Once John returned to Kirkcubright he was arrested for murder, then later acquitted. John Paul began working in the commercial business in the West Indies for awhile until he killed a man for leading a mutiny against him. He was forced to flee to Virginia, where he changed his name to John Jones, which led to ...

Words for Bodies of Lawmakers

Words for Bodies of Lawmakers Words for Bodies of Lawmakers Words for Bodies of Lawmakers By Mark Nichol This post discusses an assortment of words employed in English to refer to a group of people responsible for representing the general populace and passing laws, or to pertain to the room in which they meet to do so, or both. Assembly, from Anglo-French by way of the Latin term assimulare (â€Å"together†), is used in many states and nations to refer to a body of legislators, usually one of two in a bicameral, or two-house, system. It also refers in general to a gathering. Burgess was used in England’s Parliament and subsequently in some of the British colonies in North America to refer to legislators. It is related to burg and borough, which often form part of the name of a city or a district of one; the term basically means â€Å"citizen.† (When the term was widely used, any citizen of at least modestly prosperous standing conceivably could serve as a burgess.) The Latin origin, burgensis, mutated into the Old French word borjois, which then entered English as burgeis and was later spelled in its present form. Later, bourgeois, the Modern French form of borjois, was borrowed directly into English; it now collectively denotes people with conventional middle-class values. Chamber is from the Latin word for an arched roof, which is borrowed from a Greek term meaning â€Å"vault.† It can also apply to a meeting room for legislators or to a judge’s office or to a reception room for a person in a position of authority, or any room in general. (The root word of bicameral has the same origin, as does camera.) The word also applies to an artificial or natural enclosed space or cavity, such as a portion of a cavern, a section of a machine, or a segment of a heart. In addition, it describes a compartment for a bullet in a gun. The word can serve as an adjective, as in â€Å"chamber music,† or a verb describing the action of occupying a space. Congress, from the Latin term congredi, which literally means â€Å"walk together,† came to refer to a formal meeting of representatives from different places. Its current sense stems from the name of the Continental Congress, attended by delegates from each of the thirteen original (and distinct) British colonies in North America. When the fledgling US government subsequently named its bicameral legislative body, consisting of the Senate and the House of Representatives, Congress, the meaning shifted to refer to a body of representatives from the same country or state. (Congress is also employed, though rarely, in the sense of â€Å"a sexual union.†) Council, which derives from the Latin term concilium, which roughly means â€Å"call with,† refers to a group that makes decisions, rules, or laws or provide guidance. Formal lawmaking councils usually are limited in scope to jurisdictions such as cities or towns. Diet, ultimately from the Greek term diaita, meaning â€Å"regimen† or â€Å"way of life,† came to refer to daily rites or obligations and then daily meetings of counselors and officials, and it still is employed as part of the formal name for the national legislature in Japan. (The use of the word in reference to eating and nutrition has the same etymological source.) Legislature is an extension of legislator, itself directly stemming from the Latin phrase legis lator, meaning â€Å"one who proposes a law.† (Legis is the progenitor of legal.) The word is widely used generically to refer to a body of lawmakers and is frequently part of such a group’s formal name. The spelling of the Old French term parlement, meaning â€Å"a talk,† was altered, influenced by the Latin word parliamentum, to parliament to refer to a conference. A later sense of an assembly commanded by a monarch contributed to the naming of England’s Parliament, its national deliberative body. Parliamentarian originally referred to member of Parliament’s faction in the English Civil War, but in modern use it pertains to someone knowledgeable about parliamentary procedure, a protocol for conducting formal meetings. One term that didn’t survive into the modern era is witenagemot, a compound word referring to advisory groups consisting of members of the ruling class in various Anglo-Saxon kingdoms in the early Middle Ages. The first element is a plural form of wita, meaning â€Å"wise man,† and the second part of the word, gemot, means â€Å"meeting.† That word is related to moot, extinct as a noun and used rarely as a verb but present as an adjective in the idiomatic phrase â€Å"moot point.† Moot and the second syllable of gemot are related to meet, meeting, and met. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Has vs. Had225 Foreign Phrases to Inspire YouWhat Is a Doctor?