NeedsSpace should clarify with WeHaveIt about the statement “general repairs and maintenance” and what is specifically makes NeedsSpace liable for. If the lease required NeedsSpace to make deposits and set up a “repair and maintenance reserve,” the deposits would be recognized as an asset and reimbursed at the conclusion of the lease, less any repair and maintenance costs (ASC 840-10-5-9a to 9c). Since the lease does not explicitly require NeedsSpace to make maintenance deposits, NeedsSpace should expense any repairs as they are performed so the money is sitting in their bank account, not WeHaveIts account. Also, it should be noted that “the accrual method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods” (ASC 360-10-25-5). Therefore, NeedsSpace would not be able to set up an account that allows them to account for future
• The franchisor is essentially the owner of the franchisee. 11. Identify an accurate statement about distributional interest in the context of limited liability companies (LLCs). • A transferee of a distributional interest receives all distributions from the LLC to which the transferor belonged. • A member's distributional interest can be transferred completely, or partly.
Therefore, when determining the amount of allocable arrangement consideration, the 65% of gate fees receivable by Class Act (regardless of the probability of receipt) should not be included in allocable arrangement consideration prior to satisfaction of the associated production presentation. Those types of fees should not be included in allocable arrangement consideration until the events that give rise to the consideration occur, even if it is probable that the event will occur or amounts will be received by the vendor. Hence, the consideration allocated to the multiple-deliverables contract in question is the $5 million sum. The 65% of gate receipts would be allocated to each production performance even though they are considered a single accounting unit for the
a. Any member who accepts a referral fee for recommending or referring any service of a CPA to any person or entity or who pays a referral fee to obtain a client shall disclose such acceptance or payment to the client. 30) Are members ethically responsible for the acts of their non-certified public accountant
Lucas will be in default under the credit arrangement if there is a “material adverse change” in its financial condition. “Material adverse change” is not defined in the loan documents. The Company believes the likelihood of default is remote. The bank has no relationships with Lessor Co. In this particular capital lease, the lessor requires Lucas Co to pay for general repair and maintenance.
However, it does not specify when to recognize or how to measure the items that make up comprehensive income. In reporting comprehensive income, companies are required to use a gross disclosure technique for classifications related to items of other comprehensive income other than minimum pension liability adjustments. For those classifications, reclassification adjustments must be disclosed separate from other changes in the balances of those items so that the total change is disclosed as two amounts.
Box 87373 Lincoln, NE 68501-7373 • The form instructions, which can be found at http://www.uscis.gov/i-765, list the required documents. • Submit photos and copies of your identification if required. • Do not send your e-Filed form or unrelated documents, applications, or payments. • Keep a copy of this receipt and your application and supporting documents. We will mail you an appointment notice to have your photograph and/or fingerprints taken at a USCIS Application Support Center (ASC).
It is your company responsibility for keeping records of your business expenses and personal use of any property used by your company during the period covered by the period covered by the above return. 1. I will perform the following services: I will compile from information you provide, the ___________financial statements of the company for the _________ ending_____________. A compilation is limited to presenting in the form of financial statements information that is the representation of management. I will not review or audit the financial statements and accordingly, will not express an opinion or any other form of assurance on them.
The authorization form must also include a statement stating that the covered entity will not condition treatment or payment on the individual’s authorization. It also needs to include how the individual can revoke authorization any time as long as it is in writing. Also a statement stating that information used or disclosed under the authorization may be re-disclosed and no longer protected by the final rule. The form must be signed and dated by the individual or by the individual’s representative. A social security number may be added but is not a requirement on a HIPAA authorization form.