Free Essay

Rump Memo

In:

Submitted By clilly
Words 325
Pages 2
MEMORANDUM

Statement of Facts
The Rump Organization, a commercial real estate company, purchases and constructs commercial property. Due to corporate restructuring, a plan to terminate 100 employees is approved by the CEO and board of directors. According to the plan, each employee can receive one month’s salary in a lump sum payment if the employee signs a waiver that prevents him or her from taking legal action against the company. If the employee does not sign the waiver, he or she will not receive the lump payment. Additional relevant facts include: * The plan identifies that 100 employees will be terminated, their job classification, location, and expected completion date of January 31, 2006. * CEO, Ronald Rump and the board of directors approved the plan on December 27, 2005. * The employees are allowed to leave Rump anytime before January 31, 2006. * The plan was communicated to the employees on December 31, 2005. * Rump believes changes or withdrawal of the plan before completion are unlikely.

Identification of Questions and Alternatives
The plan for employee termination benefits gives rise to the question of whether or not Rump should recognize a liability as of December 31, 2005. The following alternatives exist for recognition of the liability: 1. The liability should be recognized on the date of approval, December 27, 2005. 2. The liability should be recognized on the date of communication, December 31, 2005. 3. The liability should be recognized on the completion date, January 31, 2006.

Conclusions
The liability should be recognized on the date of communication, December 31, 2005. a. 712-10-15-4e states that the guidance under topic 712 does not apply to this situation because Rump’s restructuring plan is a one-time termination benefit which is covered in Subtopic 420-10. b. 420-10-05-2a states (substance over form) c. 420-10-05-3 d. 420-10-25-2 e. 420-10-25-5 f. 420-10-25-4 g. 420-10-25-8

Similar Documents

Premium Essay

Ear Cropping Research Paper

...Ear Cropping Puppies Quick, think of a cute Doberman pinscher or Great Dane puppy. Now think of that same puppy under anesthesia. Next to a veterinarian who has a scalpel in their hand prepared to cut away the pinna, "the outer thin membranous part of each ear from the base, around the outside and up to the tip" (Admin, 2010). Imagine the thought that will run through that puppies mind when it wakes up confused and its ears in pain. The procedure just explained is ear cropping, preformed on many breeds of puppies aged 6-12 weeks. It is a purely cosmetic procedure endorsed by the American Kennel Club (AKC). The purpose of this paper is to explain why ear cropping is an unnecessary procedure done for selfish human pleasure. Soon after the American Veterinary Medical Association announced in 2008 "The AVMA opposes ear cropping and tail docking of dogs when done solely for cosmetic purposes. The AVMA encourages the elimination of ear cropping and tail docking from breed standards" (Nolen, 2008), the American kennel club came out that they will continue to support their policy "The American Kennel Club recognizes that ear cropping, tail docking, and dewclaw removal, as described in certain breed standards, are acceptable practices integral to defining and preserving breed character and/or enhancing good health" (AKC Staff, 2008). These two statements have set the stage for whether ear cropping is unethical or not and with two of the biggest organizations of opposite sides who dog...

Words: 590 - Pages: 3

Premium Essay

English Anaylsis Module 3

...Cropping and Docking Non-working Dogs Emily Carel ITT Technical Institute Cropping and Docking Non-working Dogs What is the purpose of cropping and docking non-working dogs? Cropping and docking dogs is a practice that aids working dogs or keeps working dogs safe. Cropping is when a part of a dog’s ears are cut off and then stretched and bound so they stand straight. Docking is when a large portion of a dog’s tail is cut off. I understand that it is done to working dogs for various reasons. Such as working terriers need their tails docked so that they are not injured in the field when they are pulled out of holes, such as foxholes, by their tails. But over the years, it has become the norm for certain breeds of dogs, just because. I believe that cropping and docking non-working dogs should be banned. It is painful or inhumane to put any dog through a cropping or docking procedure. The basics of the cropping procedure are first the dog is sedated, because what comes next is painful. Then part of the ears are cut off, which includes cutting through the many nerves in the ears. The edges of the ears are stitched to stop the bleeding. The ears are then stretched straight and bound to keep them in the position that is desired. The dog is then sent home with pain meds, as this will hurt them for a while. After about two weeks the stitches are removed. Finally, after around 7 weeks the ears are unbound. So I don’t see why anyone would put a dog through that without a valid reason....

Words: 617 - Pages: 3

Free Essay

To What Extent Do You Agree with the View That the Commonwealth Failed Because of Its Lack of Reforms? (30 Marks)

...and was made up of the Rump and the Nominated Assembly. At the time there were many issues that needed reform such as religious, legal, electoral, taxation and the constitution. It is fair to say that the Commonwealth did fail because of their lack of reforms to some extent; however this was not for lack of trying. The Rump did fail to reform, but the Nominated Assembly trued to reform but was dissolved by its own members before it could. However this was not the main reason why eh Commonwealth failed seeing as they were unpopular and seen as illegitimate. The failure of the two branches of the Commonwealth was confirmed in the Rump when Cromwell walked into Parliament in April 1653 and ejected the Rump. The failure of the Nominated Assembly was confirmed when Cromwell accepted the resignation of the moderates and became Lord Protector in 1653. It is fair to say that the Commonwealth failed due to lack of reform as shown by the Rump. Here there was no legal reform as the Hale Commission was ignored and furthermore, 20% of the Rump were lawyers by profession and therefore weren’t willing to offer their services for free. Furthermore, there was no religious toleration as shown by the reintroduction of a form of censorship with the Blasphemy and Adultery Acts; in 1650 this shows the Commonwealth’s preference of tradition and conservatism and therefore unlikelihood to favour reform in general. It also seemed that there was no electoral reform by the Rump as there were only planned...

Words: 796 - Pages: 4

Premium Essay

You Are Required to Write an Individual Report (Maximum 1500 Words) Which Compares and Contrasts Two Online Retailers Namely (Ebuyer vs Pc World) with Regard to the Following Criteria:

...“Monarchy returned mot because of its own strengths but because of the weaknesses of the regimes it replaced.” Assess the validity of this view with reference to the years 1658 to 1660 Following the death of Oliver Cromwell England needed a ruler that could gain support of the army, who, since the execution of Charles I in 1649 had been the most influential groups in the country. The successor of Oliver was his son, Richard who seemingly did not possess the characteristics of his late father. The key to control of the country and the regimes following those of Oliver lay in whether a leader had the military prowess similar to that of Oliver. Furthermore the issue of whether monarchy came to power as a result of its own powers or due to the failures of various regimes that preceded it is only answered by taking into consideration the weaknesses of the regimes and the strengths of the monarchy. Following the death of Oliver Cromwell, Richard Cromwell became Lord Protector under the terms of the Humble Petition and Advice. Unlike his father Richard found it difficult to keep a balance with the remands of the army, religious radicals and traditionalists. Due to the amount of power held by the army, the power of the Protector was dependent upon the army. The lower ranks of the army resented the fact that Richard was not a soldier; on the other hand the higher ranks supported such a leader mainly because they could easily manipulate him and use him to voice their views. It is...

Words: 1288 - Pages: 6

Free Essay

Did a Revolution Happen During the Mid-17th Century?

...The English Revolution was a period of armed conflict and political turmoil between 1642 and 1660. This included the execution of the Charles 1st, the rise of the Commonwealth followed by the Protectorate under Cromwell and then the eventual restoration of the Monarchy. Richardson is correct to state that the events that occurred were “inherently controversial… momentous and far reaching” which are still debated today. This debate rages on whether these events can constitute a Revolution. It is dependent on what definition of the word Revolution is enacted. Historians such as Jeff Goodwin provide interpretations of what it means to have a Revolution, which shall be further explored, however what ultimately accounts is how the events and interpretations of the time fit into these interpretations. Ultimately there are two ways to look at Revolution, firstly there is the struggle or initial violent uprisings of the populous against the established state. The other way of looking at a revolution is to also examine the more long term changes or effects in the mind-set of the contemporise. In other words the changes in the way men think. Richardson pushes the idea of the initial struggle constituting a Revolution whereas others such as Hill believe that the long-term effects are more significant. Both arguments both valid against differing definitions of Revolution. Similarities between the French and English Revolutions will also provide a stark comparison of the English situation...

Words: 3214 - Pages: 13

Premium Essay

One-Time Benefit Arrangement

...This memo concerns the accounting for severance payments made to terminated employees as a result of The Rump Organization (“Rump”) corporate restructuring plan. Specifically, the memo will discuss the initial recognition and measurement of the severance payments based on the requirements of Accounting Standards Codification 420 – Exit or Disposal Cost Obligations (ASC 420). The memo will also address the effects on Rump’s 2005 and 2006 financial statements and various accounting changes associated with the communication date and timing of the plan. Accounting for the One-Time Termination Benefits In accordance with the Financial Accounting Standards Board’s (FASB) ASC 420, Rump should recognize and measure the amount of one-time termination benefits at fair value on the date that the terms of the plan have been communicated to employees. Even though the plan was approved on December 27, 2005, the entity’s communication with employees on December 31, 2005 creates the obligation to provide termination benefits. The journal entry would include a debit to “Restructuring/Severance Expense” and a credit to “Liability for Termination Benefits”. The total costs recognized should be reasonably estimated and will be dependent upon how many terminated employees voluntarily sign a waiver of any right to legal action. All eligible employees must sign the waiver no later than January 31, 2006 and are allowed to leave at any time after December 31, 2005. Rump should report the...

Words: 821 - Pages: 4

Free Essay

Hi There Great

...ISSN 1179-724X Project no. 13.3/10147 Public Annual Telecommunications Monitoring Report 2013 Telecommunications monitoring report Date: May 2014 2 CONTENTS Executive Summary Introduction Purpose of this report Data sources Market overview TelstraClear disappears UFB drives up telecommunications investment Broadband connections continue to grow Calling volumes converging Total revenue rise not sustained Fixed-line and mobile markets show similar levels of concentration Retail fixed-line market Market overview Fall in local calling accelerates Most fixed-line revenues continue to fall Telecom’s retail voice share continues to slip, including wholesale Consolidation in broadband market Lift in average broadband speed Retail mobile market Market overview Rising data revenues underpin modest growth Mobile voice minutes resume upward trend Off-net calling becomes more popular Texting appears to have peaked Competition progressing in prepay but not much in business The telecommunications consumer – from smartphone to smart living How much appetite do users have for data and speed? What drives consumption? What is the impact on citizens’ welfare and New Zealand’s economic growth? Challenges of digital life The 2013 year in review List of defined terms and abbreviations 3 5 5 5 6 6 6 8 10 11 12 14 14 15 17 18 19 21 23 23 24 25 26 28 30 33 34 38 44 50 52 57 3 Executive Summary This is the Commerce Commission’s seventh annual telecommunications market monitoring report...

Words: 15336 - Pages: 62

Premium Essay

Dont Shoot the Dog

...eVersion 1.0 - click for scan notes DON'T SHOOT THE DOG Karen Pryor To my mother, Sally Ondeck; my stepmother, Ricky Wylie; and Winifred Sturley, my teacher and friend. Contents Foreword 1—Reinforcement: Better than Rewards In which we learn of the ferocity of Wall Street lawyers; of how to—and how not to—buy presents and give compliments; of a grumpy gorilla, a grudging panda, and a truculent teenager (the author); of gambling, pencil chewing, falling in love with heels, and other bad habits; of how to reform a scolding teacher or a crabby boss without their knowing what you've done; and more. 2—Shaping: Developing Super Performance Without Strain or Pain How to conduct an opera; how to putt; how to handle a bad report card. Parlor games for trainers. Notes on killer whales, Nim Chimpsky Zen, Gregory Bateson, the Brearley School, why cats get stuck in trees, and how to train a chicken. 3—Stimulus Control: Cooperation Without Coercion Orders, commands, requests, signals, cues, and words to the wise; what works and what doesn't. What discipline isn't. Who gets obeyed and why. How to stop yelling at your kids. Dancing, drill teams, music, martial arts, and other recreational uses of stimulus control. 4—Untraining: Using Reinforcement to Get Rid of Behavior You Don't Want Eight methods of getting rid of behavior you don't want, from messy roommates to barking dogs to bad tennis to harmful addictions, starting with Method 1: Shoot the Animal, which definitely works, and ending with...

Words: 65349 - Pages: 262

Free Essay

Smoozing

...Customized for: Isaac (illin@mednet.ucla.edu) THE INTRODUCTION Vault Guide to Schmoozing Customized for: Isaac (illin@mednet.ucla.edu) 2 © 2009 Vault.com, Inc. Introduction What does schmoozing sound like to you? Maybe it sounds smug, unctuous, oily, slimy. It sounds, quite frankly, like 'oozing.' Schmoozing is far from slimy, but 'oozing' actually isn’t a bad description of what a schmoozer does. A schmoozer slides into opportunities where none are apparent, developing friendships from the slightest of acquaintances. Through formless, oozy, schmoozy action, a schmoozer moves slowly but inexorably towards his or her goals. What is schmoozing? Schmoozing is noticing people, connecting with them, keeping in touch with them — and benefiting from relationships with them. Schmoozing is about connecting with people in a mutually productive and pleasurable way — a skill that has taken on new importance in our fragmented, harried, fiber-optic-laced world. Schmoozing is the development of a support system, a web of people you know who you can call, and who can call you, for your mutual benefit and enjoyment. Schmoozing is the art of semi-purposeful conversation: half chatter, half exploration. Schmoozing is neither project nor process. It's a way of life. How does schmoozing differ from networking? Conventional networking is the clammy science of collecting business cards ad infinitum, of cold-calling near strangers to grill them about possible openings in their places...

Words: 76927 - Pages: 308

Premium Essay

Business

...C h a p t e r 1 Prewriting GETTING STARTED (OR SOUP-CAN LABELS CAN BE FASCINATING) For many writers, getting started is the hardest part. You may have noticed that when it is time to begin a writing assignment, you suddenly develop an enormous desire to straighten your books, water your plants, or sharpen your pencils for the fifth time. If this situation sounds familiar, you may find it reassuring to know that many professionals undergo these same strange compulsions before they begin writing. Jean Kerr, author of Please Don’t Eat the Daisies, admits that she often finds herself in the kitchen reading soup-can labels—or anything—in order to prolong the moments before taking pen in hand. John C. Calhoun, vice president under Andrew Jackson, insisted he had to plow his fields before he could write, and Joseph Conrad, author of Lord Jim and other novels, is said to have cried on occasion from the sheer dread of sitting down to compose his stories. To spare you as much hand-wringing as possible, this chapter presents some practical suggestions on how to begin writing your short essay. Although all writers must find the methods that work best for them, you may find some of the following ideas helpful. But no matter how you actually begin putting words on paper, it is absolutely essential to maintain two basic ideas concerning your writing task. Before you write a single sentence, you should always remind yourself that 1. You have some valuable ideas to tell your reader,...

Words: 234754 - Pages: 940

Premium Essay

Work, Culture and Identity in Mozambique and Southafrica 1860-1910

...Acknowledgments ix Acknowledgments This book owes a great deal to the mental energy of several generations of scholars. As an undergraduate at the University of Cape Town, Francis Wilson made me aware of the importance of migrant labour and Robin Hallett inspired me, and a generation of students, to study the African past. At the School of Oriental and African Studies in London I was fortunate enough to have David Birmingham as a thesis supervisor. I hope that some of his knowledge and understanding of Lusophone Africa has found its way into this book. I owe an equal debt to Shula Marks who, over the years, has provided me with criticism and inspiration. In the United States I learnt a great deal from ]eanne Penvenne, Marcia Wright and, especially, Leroy Vail. In Switzerland I benefitted from the friendship and assistance of Laurent Monier of the IUED in Geneva, Francois Iecquier of the University of Lausanne and Mariette Ouwerhand of the dépurtement évangélrlyue (the former Swiss Mission). In South Africa, Patricia Davison of the South African Museum introduced me to material culture and made me aware of the richness of difference; the late Monica Wilson taught me the fundamentals of anthropology and Andrew Spiegel and Robert Thornton struggled to keep me abreast of changes in the discipline; Sue Newton-King and Nigel Penn brought shafts of light from the eighteenthcentury to bear on early industrialism. Charles van Onselen laid a major part of the intellectual foundations on...

Words: 178350 - Pages: 714

Free Essay

Ssss

...JUNOT DÍAZ RIVERHEAD BOOKS a member of Penguin Group (USA) Inc. New York 2012 RIVERHEAD BOOKS Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, USA • Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario M4P 2Y3, Canada (a division of Pearson Penguin Canada Inc.) • Penguin Books Ltd, 80 Strand, London WC2R 0RL, England • Penguin Ireland, 25 St Stephen’s Green, Dublin 2, Ireland (a division of Penguin Books Ltd) • Penguin Group (Australia), 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty Ltd) • Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park, New Delhi–110 017, India • Penguin Group (NZ), 67 Apollo Drive, Rosedale, North Shore 0632, New Zealand (a division of Pearson New Zealand Ltd) • Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank, Johannesburg 2196, South Africa Penguin Books Ltd, Registered Offices: 80 Strand, London WC2R 0RL, England Copyright © 2012 by Junot Díaz All rights reserved. No part of this book may be reproduced, scanned, or distributed in any printed or electronic form without permission. Please do not participate in or encourage piracy of copyrighted materials in violation of the author’s rights. Purchase only authorized editions. Grateful acknowledgment is made to reprint an excerpt from My Wicked Wicked Ways. Copyright © 1987 by Sandra Cisneros. Published by Third Woman Press and in hardcover...

Words: 47742 - Pages: 191

Free Essay

Healthcare

...Barack Obama Dreams from My Father “For we are strangers before them, and sojourners, as were all our fathers. 1 CHRONICLES 29:15 PREFACE TO THE 2004 EDITION A LMOST A DECADE HAS passed since this book was first published. As I mention in the original introduction, the opportunity to write the book came while I was in law school, the result of my election as the first African-American president of the Harvard Law Review. In the wake of some modest publicity, I received an advance from a publisher and went to work with the belief that the story of my family, and my efforts to understand that story, might speak in some way to the fissures of race that have characterized the American experience, as well as the fluid state of identitythe leaps through time, the collision of cultures-that mark our modern life. Like most first-time authors, I was filled with hope and despair upon the book’s publication-hope that the book might succeed beyond my youthful dreams, despair that I had failed to say anything worth saying. The reality fell somewhere in between. The reviews were mildly favorable. People actually showed up at the readings my publisher arranged. The sales were underwhelming. And, after a few months, I went on with the business of my life, certain that my career as an author would be short-lived, but glad to have survived the process with my dignity more or less intact. I had little time for reflection over the next ten years. I ran a voter registration project in...

Words: 154210 - Pages: 617

Free Essay

Book

...original edition)(Revised and reissued 1992)[Version 2.0 by Bbat – august 4 2003][Easy read, easy print][Completely new scan]The Hunter was born to hunt,as his prey was born to bebrought down at his desire . . .Sara Laramie moved through the iron castings in the foundry yard, keeping low so that she was at all times concealed from view. The Hunter Relemar was in pursuit of her. She did not know that he was a Hunter; it was obvious, however, that he was differ-ent from other naoli.Deep scream, lovely scream, wanting out . . . She reached the thousand gallon storage tank in which she now made her home. She pulled open the entry plate (it squeaked; Relemar listened for squeaks) and went inside. Behind her, there was a scraping noise . . . Rats, she thought, lighting the glow lamp. The tank brightened to a warm yellow.“Hello,” said Relemar the Hunter. He was trying to smile.This time, she did not suppress the scream . . . BEASTCHILD IS FORLISA TUTTLEAND DANNY JENNINGSAND JACK CORDESAND FOR THE USPOWHICH INTRODUCED USscience fiction by Dean R. Koontzavailable in Lancer editionsTHE DARK SYMPHONY, 74-621HELL'S GATE, 74-656 BeastchildDean R. KoontzLANCER BOOKS NEW YORK A LANCER BOOKBEASTCHILDThe characters in this book are entirely imaginary and have no relation to any living person.Copyright © 1970 by Dean R. KoontzA substantially shorter version of this novel appeared in Venture Science Fiction Copyright © 1970 by Mercury Press, Inc.LANCER BOOKS, INC. • 1560 BROADWAYNEW...

Words: 52814 - Pages: 212

Free Essay

China Fragile Superpower

...China Fragile Superpower This page intentionally left blank Fragile Superpower Susan L. Shirk China 2007 Oxford University Press, Inc., publishes works that further Oxford University’s objective of excellence in research, scholarship, and education. Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offices in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam Copyright © 2007 by Susan L. Shirk Published by Oxford University Press, Inc. 198 Madison Avenue, New York, NY 10016 www.oup.com Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data Shirk, Susan L. China: fragile superpower / by Susan L. Shirk. p. cm. Includes bibliographical references and index. ISBN 978-0-19-530609-5 1. Nationalism—China. 2. China—Politics and government—2002– I. Title. JC311.S525 2007 320.951—dc22 2006027998 135798642 Printed in the United States of America on acid-free paper For Sam, Lucy, and David Popkin This page intentionally left...

Words: 135807 - Pages: 544