Case 11-7: Food for Thought The Audit Committee of the Board of Directors of Allfoods Corporation: Allfoods Corp. acquired 80% of the outstanding common stock of Baked Beans Corp in a business combination on February 1, 2009. Allfoods paid $40 million in cash and issued two million shares of Allfoods common stock to the selling shareholders of Baked Beans. Allfoods stock options will replace all outstanding stock options granted to Baked Beans employees as required by the merger agreement
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FOOD FOR THOUGHT Fortis College Abstract Contrasting fast food and homemade food brings to mind three important issues. First, the nutrition content and how they differ in these two areas. Secondly, the impact that both these foods have on one's budget. Thirdly, the kind of variety that both types of food have to offer. After reading the facts, the differences will be crystal clear. DOCTOR! DOCTOR! Is she going to make it? To find out the answer to this question, we must rewind
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Food for Thought Jason West English 215 Research and Writing December 4, 2014 Strayer University Dr. Loretta Samuel-Crosson I. Introduction The discussion about genetically modified organisms (GMO) is enormous and intense. GMOs do not require any scientific testing on humans to examine the safety, but society is told that these GOMs are safe for consumptions. Other countries have various beliefs. The main drawback is the excessive use
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Food for Thoughts 1. ASC 805-10-55-2 Business combination an acquirer might obtain control of an acquire in variety of ways, cash, cash equivalents, or assets. 4million-acquisition costs. ASC 805 – 30-25-5 The consideration the acquirer transfers in exchange for the acquire includes any asset or liability resulting from a contingent consideration arrangement. 20million- contingent consideration. ASC 805-30-30-11 The portion of the fair-value based measure of the replacement award that is part
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E. AUDIT EVIDENCE 1. 2. 3. 4. 5. 6. The Use of Assertions by Auditor Audit Procedures The Audit of Specific Items Audit Sampling and Other means of Testing Computer-Assisted Audit Techniques Not-for-Profit Organisations The Use of Assertions by Auditor What are substantive procedures? Substantive procedures are tests to obtain audit evidence to detect material misstatements in the financial statements. Substantive procedures generally include analytical procedures and test
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Question 1: The total consideration transferred by Allfoods in the acquisition of Baked Beans is $135 million. The considerations consisted of cash paid, stock issued, and the fair values of a contingent consideration and precombination services This final calculation was determined by reviewing FASB Accounting Standard Codification 805 “Business Combinations”. Authoritative Literature: The $40 million in cash transferred by Allfoods is included in the overall considerations according to ASC
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into perspective 17 million barrels is capable of fuelling 1.3 million cars for one year. Another way to look at it is by envisioning that the same bottle you are drinking out of is filled a quarter of the way with oil. Now that mental image you thought of is how much oil was needed for that single bottle. And if that weren’t bad enough, the pollution involved in shipping this product around the planet has greatly contributed to our worldwide crisis! Does this really make sense? Not only is it
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American Dietary Issues: A Personal Responsibility? Throughout American history, American food has represented a big and controversial issue for its consumers. Consumers are getting warn out from diseases that food causes them. On the other hand, the intervention of the government seemed to symbolize a way to fix nutrition problems for some consumers, while for others, that intervention is unnecessary. The government’s influence may be seen in the dietary habits of Americans as consumers
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In this article,” Food as Thought: Resisting the Moralization of Eating” by Mary Maxfield. There are a few things in order to lose weight, go on a diet, being healthy and also eating healthy. We continue to believe what is the right way or by being healthy in the way we view foods that involves eating less and more differently as we should by eating the right way. There are a few key things to understand in order to fulfill our basic needs such as, being able to differentiate between the good and
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Food for Thought: Improving School Lunch Programs Clorissa Torres Lindsay Ludvigsen English 115 February 20, 2013 Schools across the nation have implemented a new breakfast & lunch program, to include healthier choices amongst children, adolescents and teens eating in their school cafeterias every day. The program was designed to allow the children attending school to receive healthy, low cost or free meals while fighting childhood obesity and hunger. The National School Lunch
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