The difference between debt and equity in an entitys statement of financial position is not easily
distinguishable for preparers of financial statements. Some financial instruments may have both
features, which can lead to inconsistency of reporting. The international Accounting Standards
Board has agreed that greater clarity may be required in its definitions of assets and liabilities for
debt instruments. It is thought that defining the nature of liabilities would help the IASBs thinking
on the difference financial instruments classified as equity and liability.
Required:
a) Explain why it is important for entities to understand the impact of the classification of a financial
instrument as debt or equity in the financial statements
b) Witco Limited patented and successfully tested a new e-cigarette. To expand its ability to
produce and market this new product, Witco needs to raise $400,000.
On January 1 2010, Witco issued a 12% $400,000, 5 year bond. The bond pays interest semi-
annually on June 30 and December 31. The bonds effective interest rate is 10%
- Calculate the proceeds from the sale of the bond & the discount or premium. Give 2 reasons why
you think it is discount/premium.
- Prepare a bond amortization schedule for the life of the bond
- Prepare the journal entries to record the following:
a) The issuance of the bond on Jan 1 2010
b) The first interest payment
c) The retirement of the bond at a $400,000 call price on January 1 2013.
The difference between debt and equity in an entitys statem.pdfhershbudhia1
Â
The difference between debt and equity in an entitys statement of financial position is not easilydistinguishable for
preparers of financial statements. Some financial instruments may have both features,which can lead to inconsistency
of reporting. The international Accounting Standards Board has agreedthat greater clarity may be required in its
definitions of assets and liabilities for debt instruments. It isthought that defining the nature of liabilities would help the
IASBs thinking on the difference betweenfinancial instruments classified as equity and liability.
a)Explain why it is important for entities to understand the impact of the classification of a financial
instrument as debt or equity in the financial statements
b)Witco Limited patented and successfully tested a new e-cigarette. To expand its ability to
produce andmarket this new product, Witco needs to raise $400,000.
On January 1 2010, Witco issued a 12% $400,000, 5 year bond. The bond pays interest semi-
annually on June30 and December 31. The bonds effective interest rate is 10%.
1)Calculate the proceeds from the sale of the bond & the discount or premium. Give 2 reasons
why you think it is discount/premium. Show workings
2)Prepare a bond amortization schedule for the life of the bond
3)Prepare the journal entries to record the following:
a)The issuance of the bond on Jan 1 2010
b)The first interest payment
c)The retirement of the bond at a $400,000 call price on January 1 2013.
The difference between debt and equity in an entitys statem.pdfhershbudhia1
Â
The difference between debt and equity in an entitys statement of financial position is not easilydistinguishable for
preparers of financial statements. Some financial instruments may have both features,which can lead to inconsistency
of reporting. The international Accounting Standards Board has agreedthat greater clarity may be required in its
definitions of assets and liabilities for debt instruments. It isthought that defining the nature of liabilities would help the
IASBs thinking on the difference betweenfinancial instruments classified as equity and liability.
a)Explain why it is important for entities to understand the impact of the classification of a financial
instrument as debt or equity in the financial statements
b)Witco Limited patented and successfully tested a new e-cigarette. To expand its ability to
produce andmarket this new product, Witco needs to raise $400,000.
On January 1 2010, Witco issued a 12% $400,000, 5 year bond. The bond pays interest semi-
annually on June30 and December 31. The bonds effective interest rate is 10%.
1)Calculate the proceeds from the sale of the bond & the discount or premium. Give 2 reasons
why you think it is discount/premium. Show workings
2)Prepare a bond amortization schedule for the life of the bond
3)Prepare the journal entries to record the following:
a)The issuance of the bond on Jan 1 2010
b)The first interest payment
c)The retirement of the bond at a $400,000 call price on January 1 2013.
In depth: New financial instruments impairment modelPwC
Â
On June 16, 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (the “ASU”). The ASU introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The new model will apply to: (1) loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, (2) loan commitments and certain other off-balance sheet credit exposures, (3) debt securities and other financial assets measured at fair value through other comprehensive income, and (4) beneficial interests in securitized financial assets.
UNITED STATES OF AMERICA Before the SECURITIES AND EXC.docxdickonsondorris
Â
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 9930 / September 28, 2015
SECURITIES EXCHANGE ACT OF 1934
Release No. 75997 / September 28, 2015
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 3706 / September 28, 2015
ADMINISTRATIVE PROCEEDING
File No. 3-16837
In the Matter of
TRINITY CAPITAL
CORPORATION,
Respondent.
ORDER INSTITUTING CEASE-AND-
DESIST PROCEEDINGS PURSUANT TO
SECTION 8A OF THE SECURITIES ACT
OF 1933 AND SECTION 21C OF THE
SECURITIES EXCHANGE ACT OF 1934,
MAKING FINDINGS, AND IMPOSING A
CEASE-AND-DESIST ORDER AND
PENALTIES
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate that cease-
and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act
of 1933 (“Securities Act”) and Section 21C of the Securities Exchange Act of 1934 (“Exchange
Act”), against Trinity Capital Corporation (“Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer
of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the
purpose of these proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without admitting or denying the findings
herein, except as to the Commission’s jurisdiction over it and the subject matter of these
proceedings, which are admitted, Respondent consents to the entry of this Order Instituting Cease-
and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of
the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
and Penalties (“Order”), as set forth below.
2
III.
On the basis of this Order and Respondent’s Offer, the Commission finds
1
that:
Summary
This proceeding results from Trinity Capital Corporation and its wholly-owned
subsidiary, Los Alamos National Bank (collectively, “Trinity” or “the Bank”), failing to account
properly for the Bank’s loan portfolio during 2010, 2011 and the first two quarters of 2012 (the
“Relevant Periods”), and failing to account properly for its other real estate owned (“OREO”) in
2011.
As the New Mexico economy declined during the financial crisis, the Bank experienced
an increase in problem loans and a decrease in the collateral values supporting its loan portfolio
and OREO. In response, certain former members of the Bank’s management caused the Bank to
engage in false and misleading accounting and reporting that concealed the Bank’s loan
delinquencies and declining collateral values and to hide the true nature of its loan portfolio.
This conduct resulted in the Bank materially misstating its provision for loan losses and its
allowance for loan and lease losses (“ALLL”) during the Relevant Periods, including in its
quart ...
The Reserve Bank of India had recently directed to Public Sector Banks as well as Private Sector Banks to downgrade the asset classification of more than 150 borrower accounts, based upon Asset Quality review, to Non- Performing Assets (NPAs). The exposure of banking sector to such borrower accounts was in the range of ` 1,50,000 Crores to ` 2,00,000 Crores.
This SEC in Focus includes remarks from SEC Chairman Jay Clayton on cybersecurity disclosures in SEC filings, recent guidance on pay ratio disclosure requirements, regulatory relief for companies and individuals affected by recent hurricanes, staff clarifications about its nonpublic review program and recent trends in SEC staff comments on non-GAAP measures and other topics.
Accounting Principle 6th Edition Weygandt Test BankGaybestsarae
Â
Full download : https://alibabadownload.com/product/accounting-principle-6th-edition-weygandt-test-bank/ Accounting Principle 6th Edition Weygandt Test Bank , Accounting Principle,Weygandt,6th Edition,Test Bank
Credit Suisse is scaling down its Prime Services unit. The revenue impact may be minimal: the bank has a strong synthetic financing capability, which could be folded into equity derivatives.
We disagree with the mainstream media’s unflattering coverage. CS’ cautious approach to restructuring is justified by the uncertain regulatory outlook, and the bank is, in fact, very close to achieving its key financial targets.
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
Which of the following is correct JavaScript to create a ele.pdfabhaykush25
Â
Which of the following is correct JavaScript to create a element and add it as the last element in
the body? var element = document. newElement ("DIV"); document. body . add (element); var
element = document. newElement ( "DIV") document. body . appendChild(element); var element =
document. createElement ( "DIV"); document. body.add (element); var element = document.
createElement ( "DIV"); document. body . appendChild(element);.
In depth: New financial instruments impairment modelPwC
Â
On June 16, 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (the “ASU”). The ASU introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The new model will apply to: (1) loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, (2) loan commitments and certain other off-balance sheet credit exposures, (3) debt securities and other financial assets measured at fair value through other comprehensive income, and (4) beneficial interests in securitized financial assets.
UNITED STATES OF AMERICA Before the SECURITIES AND EXC.docxdickonsondorris
Â
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 9930 / September 28, 2015
SECURITIES EXCHANGE ACT OF 1934
Release No. 75997 / September 28, 2015
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 3706 / September 28, 2015
ADMINISTRATIVE PROCEEDING
File No. 3-16837
In the Matter of
TRINITY CAPITAL
CORPORATION,
Respondent.
ORDER INSTITUTING CEASE-AND-
DESIST PROCEEDINGS PURSUANT TO
SECTION 8A OF THE SECURITIES ACT
OF 1933 AND SECTION 21C OF THE
SECURITIES EXCHANGE ACT OF 1934,
MAKING FINDINGS, AND IMPOSING A
CEASE-AND-DESIST ORDER AND
PENALTIES
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate that cease-
and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act
of 1933 (“Securities Act”) and Section 21C of the Securities Exchange Act of 1934 (“Exchange
Act”), against Trinity Capital Corporation (“Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer
of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the
purpose of these proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without admitting or denying the findings
herein, except as to the Commission’s jurisdiction over it and the subject matter of these
proceedings, which are admitted, Respondent consents to the entry of this Order Instituting Cease-
and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of
the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
and Penalties (“Order”), as set forth below.
2
III.
On the basis of this Order and Respondent’s Offer, the Commission finds
1
that:
Summary
This proceeding results from Trinity Capital Corporation and its wholly-owned
subsidiary, Los Alamos National Bank (collectively, “Trinity” or “the Bank”), failing to account
properly for the Bank’s loan portfolio during 2010, 2011 and the first two quarters of 2012 (the
“Relevant Periods”), and failing to account properly for its other real estate owned (“OREO”) in
2011.
As the New Mexico economy declined during the financial crisis, the Bank experienced
an increase in problem loans and a decrease in the collateral values supporting its loan portfolio
and OREO. In response, certain former members of the Bank’s management caused the Bank to
engage in false and misleading accounting and reporting that concealed the Bank’s loan
delinquencies and declining collateral values and to hide the true nature of its loan portfolio.
This conduct resulted in the Bank materially misstating its provision for loan losses and its
allowance for loan and lease losses (“ALLL”) during the Relevant Periods, including in its
quart ...
The Reserve Bank of India had recently directed to Public Sector Banks as well as Private Sector Banks to downgrade the asset classification of more than 150 borrower accounts, based upon Asset Quality review, to Non- Performing Assets (NPAs). The exposure of banking sector to such borrower accounts was in the range of ` 1,50,000 Crores to ` 2,00,000 Crores.
This SEC in Focus includes remarks from SEC Chairman Jay Clayton on cybersecurity disclosures in SEC filings, recent guidance on pay ratio disclosure requirements, regulatory relief for companies and individuals affected by recent hurricanes, staff clarifications about its nonpublic review program and recent trends in SEC staff comments on non-GAAP measures and other topics.
Accounting Principle 6th Edition Weygandt Test BankGaybestsarae
Â
Full download : https://alibabadownload.com/product/accounting-principle-6th-edition-weygandt-test-bank/ Accounting Principle 6th Edition Weygandt Test Bank , Accounting Principle,Weygandt,6th Edition,Test Bank
Credit Suisse is scaling down its Prime Services unit. The revenue impact may be minimal: the bank has a strong synthetic financing capability, which could be folded into equity derivatives.
We disagree with the mainstream media’s unflattering coverage. CS’ cautious approach to restructuring is justified by the uncertain regulatory outlook, and the bank is, in fact, very close to achieving its key financial targets.
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
Which of the following is correct JavaScript to create a ele.pdfabhaykush25
Â
Which of the following is correct JavaScript to create a element and add it as the last element in
the body? var element = document. newElement ("DIV"); document. body . add (element); var
element = document. newElement ( "DIV") document. body . appendChild(element); var element =
document. createElement ( "DIV"); document. body.add (element); var element = document.
createElement ( "DIV"); document. body . appendChild(element);.
What is the difference between GROUP BY and ORDER BY in Post.pdfabhaykush25
Â
What is the difference between GROUP BY and ORDER BY in PostgreSQL? GROUP BY is used
to aggregate by specific columns while ORDER BY will order them ORDER BY is used to
aggregate by specific columns while GROUP BY will order them GROUP BY cannot be used in a
query unless ORDER BY is included ORDER BY cannot be used in a query unless GROUP BY is
included.
The IQ in a population is represented by a discrete rv XU.pdfabhaykush25
Â
The IQ in a population is represented by a discrete r.v. XU[71,130]. Answer the following. a) [5pts]
Find pdf for X. What is the mean and variance? b) [5pts] What is the probability that a randomly
selected person has an IQ above 115 ? c) [5pts] Let the discrete r.V. Y=2X30. What is the pdf for
Y ? What is the E(Y) ? d) [5pts] Find P(Y>49).
suppose that the real GDP of a country is in equilibrium at .pdfabhaykush25
Â
suppose that the real GDP of a country is in equilibrium at $410, million now suppose that planned
investment increases by 3 billion and that this increase causes real GDP to shift to a new
equilibrium level of four70 billion what is the spending multiplier for this country?.
Stock A has a standard deviation of 717 Stock B has a sta.pdfabhaykush25
Â
Stock A has a standard deviation of 7.17%. Stock B has a standard deviation of 9.08%. The
correlation between A and B is 0.6758 . What are the weights to achieve the minimum variance
portfolio for Stock A and Stock B ? Answer in decimal form to four decimal places..
Sharon Jones es soltera Durante 2021 tuvo un ingreso bruto.pdfabhaykush25
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Sharon Jones es soltera. Durante 2021, tuvo un ingreso bruto de $159,800, deducciones por AGI
de $5,500, deducciones detalladas de $14,000 y crditos fiscales de $2,000. Sharon tena $22,000
retenidos por su empleador para el impuesto federal sobre la renta. Ella tiene un impuesto [. ].
(vencimiento/reembolso) redondeado al dlar entero ms cercano de $[ ]..
Project 2 Assigned Tuesday February 21tst2023 Due Tuesd.pdfabhaykush25
Â
Project 2 Assigned: Tuesday, February 21tst,2023 Due: Tuesday, March 21st by 11:59 PM.
Submissions with 20% penalty will be accepted by Thursday, March 23rd, by 11:59 PM. Unlimited
number of submissions is allowed. Purpose To develop a synchronous inter-process
communication through the use of both fork (), pipe(), and exec() system calls. For this exercise
only ordinary pipes are to be used. What to Do You are to develop a producer/consumer
application. Both the C programming language and any distribution of the Linux operating system
are to be used. Your solution must be structured as a set of services. The core service is the inter-
process communication which it is referred here as the producer/consumer service. Details A
synchronous producer/consumer pair of processes is to be created to support the service of
replacing all lowercase letters in a set of strings of characters with their uppercase correspondent.
The service above described will require support of a set of other services to perform 1. the
encoding and decoding of the data, 2. to change lowercase letters into uppercase, 3. to open and
close files, 4. to include and verify parity bits, 5. to read from pipes, and 6. to write to pipes. Both
the standard ASCII character set and odd bit parity are to be used. All data communications
between producer and consumer are to be done by reading and writing through two shared pipes.
The data generated by the producer is encoded and shared with the consumer through one pipe.
The consumer decodes the message, modifies it, encodes it, and shares it with the producer
through the second pipe.are physical, data link and application and details regarding the services
each one of them provided are as follows: 1. The physical layer must contain routines to handle
tasks such as a. converting a character into a binary bit pattern, b. converting binary patterns into
characters, c. including a parity bit, and d. checking and removing the parity bit. 2. The data link
layer must contain routines for a. framing (putting two SYN characters, a LENGTH character, and
data into a frame), and b. deframing (separating control characters from data characters). 3. The
application layer must contain routines to handle tasks such as a. reading data to be transmitted
from input data files in the producer, and b. writing received data into display (or output data file) in
the consumer. Your solution must also include a module to simulate transmission errors.
Information containing the original data is to be stored in a file with extension inpf. You are to use
a set of temporary files to debug and document the results produced by the various activities
performed during the processing of the required services. The encoded version of the input data,
as well as the modified version of it are to be stored in files with the extension binf, and outf
respectively. Files with the extensions chck and done will contain the encoded version of the file
modified by the consumer a.
Please solve all questions Thanks Q1 How we test the hypot.pdfabhaykush25
Â
Please solve all questions. Thanks
Q.1 How we test the hypothesis about population variance u2 ? Q.2 Consider the following Models
which are estimated through OLS Model 1 Y=+X+u Model 2 Y=+X+v where Y=2YandX=X/2 Find
the relationship between intercept and slope coefficients of the two estimated models. Q.3
Consider the modelY =1+2X2+3X3+u how we can test the hypothesis that 1=0 and 2+3=1
simultaneously?.
please help please Membrane Permeability for a given subs.pdfabhaykush25
Â
please help please
Membrane Permeability for a given substance is determined by the properties of the membrane
and the properties of the substance. True FalseThe four ions in the chart below are at 1mM
concentration each in the external medium around a plant cell. The Nernst Equation predicts the
internal concentrations of the ions if there is only passive transport occurring. Based on the
measured concentrations shown in the table, which ions are being Actively transported into the
cell? 5SO42 - (Sulfate ion) Ca2+ (Calcium ion) Cl - (Chloride ion) Na+ (Sodium ion)Why is the
resting potential of a plant cell more negative than the potential calculated for K+alone? Active
transport of Cl - into the cell Diffusion of positive ions Diffusion of negative ions Active transport of
H+ out of the cell Question 7 2pts Transport proteins in a biological membrane can increase the
membrane permeability of specific ions/molecules. True False.
Please attach the correct answer below Please show your wor.pdfabhaykush25
Â
Please attach the correct answer below. Please show your work so then I can understand how you
got that answer.
10. Does P(x)=4x, where x=0,1,2, or 3 , determine a probability distribution? Why or why not?.
Los activos de capital de trabajo se componen de efectivo c.pdfabhaykush25
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Los activos de capital de trabajo se componen de efectivo, cuentas por cobrar e inventario. Es
uno ms importante de manejar que otro? Por qu? Por qu no? Cules de estos son los ms difciles
de manejar?
Cmo cambia su respuesta la base contable (efectivo frente a devengo) que elige una organizacin,
especialmente en lo que respecta a las cuentas por cobrar?.
Let Y1 and Y2 have the joint probability density function gi.pdfabhaykush25
Â
Let Y1 and Y2 have the joint probability density function given by f(y1,y2)={k(1y2),0,0y1y21,
elsewhere. (a) Find the value of k that makes this a probability density function. k= (b) Find P(Y18
7,Y221). (Round your answer to four decimal places.).
6 Which of the following sample statistics are unbiased est.pdfabhaykush25
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6. Which of the following sample statistics are unbiased estimators insofar they target population
parameters? a. Range, standard deviation, median b. Mean, variance, standard deviation c. Mean,
median, mode d. Mean, variance, proportion.
10 pts A random sample of married people in San Jose were .pdfabhaykush25
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[10 pts] A random sample of married people in San Jose were asked Would you remarry your
spouse if you were given the opportunity for second time?. Of the 150 people surveyed, 127 of
them said that they would do so.
C) Is it possible to conclude that more than 75% of married people in San Jose would remarry
their spouse given the opportunity a second time? Why or Why not?.
1 Transkripsiyon bir genin her iki DNA eridi boyunca her i.pdfabhaykush25
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1. Transkripsiyon, bir genin her iki DNA eridi boyunca her iki ynde de ilerleyebiliyorsa, tek bir gen
tarafndan ka farkl polipeptit kodlanabilir?
1
2
3
4
hibiri
2'nin neden yanl olduundan emin deilim
2. nsan hcrelerinin HIV virsleri tarafndan enfeksiyonu ile ilgili aadaki ifadelerden hangisi doru
deildir?
Hcreye girdikten sonra virs rts kaldrlr ve daha sonra viral DNA hcreye salnr.
Virs, bir insan hcresinin yzeyindeki belirli blgelere balanr
. Tek sarmall DNA, ift sarmall DNA'ya dntrlr.
Viral DNA, hcrenin protein sentezleme aparatn devraldnda, viral proteinler, konak hcre ribozomlar
tarafndan retilir.
Nkleik asit ve yapsal protein ieren yeni viral partikller, konak hcre zarndan "syrlr".
Tek sarmall DNA, ift sarmall DNA'ya dntrlr. ama yanl oldu
Teekkrler.
4 is not the correct answer Thank you very much Suppose th.pdfabhaykush25
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4 is not the correct answer.
Thank you very much.
Suppose that X is a (=e100,p=3e100)-BCP. What is P(X(1)X(2)X(3)=4) ? Numeric Input Palette
History Help 4 Preview P(X(1)X(2)X(3)=4)=4.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
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Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Palestine last event orientationfvgnh .pptxRaedMohamed3
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An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Chapter 3 - Islamic Banking Products and Services.pptx
Â
The difference between debt and equity in an entitys statem.pdf
1. The difference between debt and equity in an entitys statement of financial position is not easily
distinguishable for preparers of financial statements. Some financial instruments may have both
features, which can lead to inconsistency of reporting. The international Accounting Standards
Board has agreed that greater clarity may be required in its definitions of assets and liabilities for
debt instruments. It is thought that defining the nature of liabilities would help the IASBs thinking
on the difference financial instruments classified as equity and liability.
Required:
a) Explain why it is important for entities to understand the impact of the classification of a financial
instrument as debt or equity in the financial statements
b) Witco Limited patented and successfully tested a new e-cigarette. To expand its ability to
produce and market this new product, Witco needs to raise $400,000.
On January 1 2010, Witco issued a 12% $400,000, 5 year bond. The bond pays interest semi-
annually on June 30 and December 31. The bonds effective interest rate is 10%
- Calculate the proceeds from the sale of the bond & the discount or premium. Give 2 reasons why
you think it is discount/premium.
- Prepare a bond amortization schedule for the life of the bond
- Prepare the journal entries to record the following:
a) The issuance of the bond on Jan 1 2010
b) The first interest payment
c) The retirement of the bond at a $400,000 call price on January 1 2013
