Week 6 Pre-Test Question 1 Which of the following statements is false? e. Motor vehicles are second only to industry as a source of air pollution in the U.S. Question 2 It is risky for companies to invest in renewable energy because: d. Subsidies and tax breaks have to be renewed by the government every few years. Question 3 Which three states in the USA have the potential to provide enough usable wind power to supply the entire country’s electricity needs? b. North Dakota‚
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QUESTION 1 In a broader term environment means everything that surrounds us. It includes living or biotic life‚ for examples the plants and animals and non-living or biotic components like air‚ water and soil. Environmental pollution refers to degradation of air and water by mixing of harmful and undesirable pollutants in them. Today‚ pollution has become the biggest global problem because it has grown in magnitude and threatens to endanger all life on the living planet. As a matter of fact the
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accounting for leases is the application of this concept‚ as the classification of a lease as either a finance lease or an operating lease‚ depends on the substance of the transactions rather than the legal form of the contract. IAS 17 distinguishes between two types of lease transactions: A finance lease and an Operating lease A finance lease “is a lease that transfers substantially all the risks and rewards inherent to ownership of the asset”. An operating lease is a lease other than a finance
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Definition of ‘Lease’ A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid. Leases are the contracts that lay out the details of rental agreements in the real estate market
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(CFO) of Southwest Airlines. Southwest leases some of its planes. Suppose the leases can be structured either as operating leases or as capital leases. Which type of lease would you prefer for Southwest? Why? Consider what would happen to Southwest s debt ratio if its operating leases in footnote 8 were capitalized‚ and the related liabilities recognized. Computing Southwests debt ratio two ways (operating leases versus reclassifying them as capital leases) will make your decision clear (using Southwest
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water technology: http://www.water-technology.net/glossary/water-quality.html N/A. (n.d.). Total Dissolved Solids . Retrieved October 1‚ 2009‚ from Wilkes University : http://www.water-research.net/totaldissolvedsolids.htm N/A. (2001‚ March). USGS: science for a changing world. Retrieved October 1‚ 2009‚ from A Primer on Water Quality: http://pubs.usgs.gov/fs/fs-027-01/
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ACCOUNTING FOR LEASES IFRS questions are available at the end of this chapter. TRUE-FALSe—Conceptual Answer No. Description T 1. Benefits of leasing. F 2. Accounting for long-term leases. F 3. Classifying lease containing purchase option. T 4. Accounting for executory costs. F 5. Depreciating a capitalized asset. F 6. Lessee recording of interest expense. T 7. Benefit of leasing to lessor. F 8. Distinction between direct-financing and sales-type leases. F 9. Lessors’ classification
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HOUSE LEASE THIS LEASE made as of -August 1‚2010-------------------BETWEEN ---Gregorio &Editha Andrada------------------------(THE LANDLORD) and ---Mary Jane Duyag-------------------------------------------------(THE TENANT). LEASE.The Landlord leases to the Tenant 7208 Beakrush Lane‚Winter Garden‚Florida 34787(the Premises) for a term of beginning on August 1‚2010 and ending on August 1‚2011(the term).Any occupancy by the Tenant of the Premises shall be subject to the
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environment might seems obvious‚ the rainforest and its river have been the victims of extensive damage due to lack of resource management‚ overuse of the land and its resources‚ and actions taken due to immediate human economic needs. Brazil’s local environmental problems have become a world concern. These problems are so numerous that it is difficult to focus on only two. A population explosion that creates excessive amounts of waste and garbage and puts heavy demands on the environment‚ strip and coal
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4. Describe the role of fishing communities and individual consumers in regulating fishing and coastal development. Fishing communities can regulate fishing by using allotment and enforcements systems for controlling fish catches (catch-share systems) Individual consumers can boycott companies who do not participate in environmentally conscientious practices and buy instead from those who do. 5. Describe and discuss the limitations of three ways to estimate the sizes of fish populations Maximum
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