The federal budgetary term "commitment" is synonymous with "appropriations" as used in state and local government terminology.
Answer the following statement true (T) or false (F)
False
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The following transactions relate to MicroChip, a manufacturer located in Thailand. Indicate whether each transaction immediately gives rise to an asset of the company under U.S. GAAP and separately, under IFRS. If MicroChip recognizes an asset, state the account title, the amount, and the classification of the asset on the balance sheet as either a current asset or a noncurrent asset. MicroChip
reports its results in millions of baht (Bt). a. MicroChip invests Bt800 million in a government bond. The bond has a maturity value of Bt1,000 million in five years, and MicroChip intends to hold the bond to maturity. b. Two months prior to its year-end, MicroChip pays its insurer Bt240 million to cover annual premiums on its European plants. c. MicroChip pays a developer in another country Bt6 million for an option to purchase a tract of land on which it intends to build a warehouse to serve future markets. The price of the land is Bt450 million. d. MicroChip signs a four-year employment agreement with its chief executive officer for a package valued at Bt17.4 million per year. Of this amount, Bt3.1 million is base salary; the rest is expected bonus and deferred compensation arrangements. The contract period begins next month. e. MicroChip spends Bt80 million on research and development (R&D) related to new, circuitry; 60% of the total amount was spent on pure research, the rest on development. The R&D is successful, and the firm is able to acquire a patent on the new circuitry. The cost of filing the paperwork and other procedures to obtain the patent is Bt0.5 million. f. MicroChip received notice that a component supplier had shipped by freight components invoiced at Bt700 million with payment due in 30 days. The supplier retains title to the components until received by MicroChip.
All of the following sentences are punctuated correctly except ______?
A) ?Susan Whitaker, not Brett Bauer, will be the emcee at this year's spring recognition banquet B) ?The more hours I work without a break the less productive I am. C) It is hard work, never chance or pure luck, that determines one's success.
After years working in a local restaurant, Mika left to start her own catering business. Since she is self-employed, Mika is covered by OSHA.
Answer the following statement true (T) or false (F)
Big Box retailing has a market capitalization of $500 million and 20 million shares outstanding. In order to finance its growth, the management of Big Box plans to raise further capital through a rights issue
All shareholders will be issued ten rights to purchase a new share at a price of $1.00. What will the price of a share be after the SEO, if all shareholders exercise their rights? A) $23.82 B) $24.81 C) $23.00 D) $22.82