Case Study: Developmental Reading

Case Study: Developmental Reading The article attempted to explain how creative activities for third year high school students affect their critical thinking skills. Comparing two groups, the Instruction with Creative Activities (ICA) and the Instruction with No Creative Activities (INCA), the study expected the ICA group to have higher mean scores and mean gains in their Chemistry Test for Higher Order Thinking Skills (ChemTHOTS) and in their pretest to posttest respectively. Although, findings suggest that there are no significant differences between both groups mean test scores, it made a distinguishing suggestion that activities given to each group should have been more varied. Creative Thinking Critical Thinking There have been studies that tried to link creativity with critical thinking, however most findings do not show direct evidence to support this theory. Recommendations range from conducting more investigations on the subject as well as lengthening study period for which the research will be conducted. On the other hand, studies also show that use of varied creative techniques do help students train their imagination. Imagination being a clear use of mental processes way beyond the usual stretching of the brain. Imagination here can then be linked to perspective taking and reflective thinking which are considered high order thinking skills. As children put themselves in different scenarios, find ways to solve problems and visualize certain concepts, they do tap on this very rich brain activity that actually provides basis for better understanding and critical thinking. We can say that as creative thinking explores various evaluative actions, critical thinking, in turn, plays with taking different scenarios. The blending of these processes (as shown from the image I shared on the earlier page) are manifested when we try to see a problem and come up with several ways to solve it or when we try to understand a person, a story or a situation, and put ourselves in different perspectives. This is most evident during play when children try to explore limitless boundaries and when children come up with a creation that they are proud to call their own. In a classroom setting, an important goal is to achieve literacy, a solid understanding of concepts, as well as to sustain learning, its different forms and levels. However, this is a very delicate and complicated feat that entails an interactive approach from the teacher and a response from the learner. Thus making the learning process, a responsibility of all the key players. And aside from the traditional rigid methods, there are various ways to achieve these goals. For the purpose of this study, methods that promote creative thinking like art, play and games are proposed. Concretely, a lesson on Shakespearean plays can be made more colorful if instead of asking students to memorize and discuss lines, they would come up with their own rendition of a particular scene. A lesson on the Solar System can be made more meaningful if instead of just asking students to memorize the different planets and come up with a model, they could pretend to be traveling from one planet to another and from each planet they are to send a postcard describing about their location and their stay there. And a lesson on the different countries of Africa can be made more indelible if instead of just being able to locate them on the map, they would learn a particular dance move and associate that with a country, and then probably come up with their own Countries of Africa dance. The study is most relevant as it is the era when learners want to be more involved with the learning process. They want hands-on, application and practice. It is also the time when it is highly encouraged for the educators to tailor-fit their lessons to varied learners with equally diverse learning styles. It is now a call to educators to sustain their learning and to respond with methods that are perfect match to their learning needs. And in the search for these methods, we find ways to tap on higher levels of thinking skills, providing our students with immeasurable education. As educators, we ourselves are front liners in pursuing this path for our learners. We must engage them in the learning process by providing them with instructional strategies and methods that let them actually grasp what they are trying to understand. We should not limit their minds but rather let them explore the world. And as they go about this exploration, we ourselves should be with them and continuously open our minds and make our world even richer, paving the way for our students. We can never be the architects of the workings of our students minds. I learned this the hard way while insisting to my then two-year old boy that he should learn about and articulate back the life cycle of a butterfly. The only things I got out of that episode were painful tears and disappointment with myself. I should have waited for him to be ready and it would have been best had I tried to look for ways to pique his interest and imaginative skills first. All we can do really is not to design their minds but design lessons they can gradually assimilate with much enthusiasm and through various experiences. As a parent and a future pre-school educator, I should also keep in mind that my children will be growing up pretty fast. Each day is a learning day and there really is no turning back. I should make the most out of the time I am given with them. I should always be able to come up with a great lesson, always enticing their interest and always making sure that they leave the class feeling proud of themselves for creating something. I should help them use their minds in many different ways, always with the goal for them to learn something new. And that, they arrive at such learning not only through reason, but more importantly, with a great deal of sentiment and imagination. Roger Chillingworth | Character Analysis Roger Chillingworth | Character Analysis The Scarlet Letter is a story written by Nathaniel Hawthorne. It is based on the Puritans lifestyle during the 17th century in Boston and Massachusetts. It is written in twenty four chapters starting with The Prison Door and ends with the conclusion. Main characters in the story are Hester Prynne, Pearl, Arthur Dimmesdale, Roger Chillingworth, Mistress Hibbins, Governor Bellingham, and Rev John Wilson. These characters played different interesting parts, some good and some bad. Nevertheless the story is about a woman named Hester Prynne whom the puritans at that time, believed she was a symbolism of adultery, because she was made pregnant by an unknown man, whom hes identity remains a secret until the end of the story. Her long lost forgotten old husband Roger Chillingworth who was assume death, appears in one of the scenes where Hester is been disgraced in public for carrying an unknown mans baby. As a consequence of her adulterous act, she has to carry a letter A on her bosom for t he rest of her life. The A means adultery, and wherever she goes to, she is recognized as the sinful, impure woman. Hester proves shes tough and decides to take all the blames and guilt to protect her lover in a time when women were subordinate to their male partners. Arthur Dimmesdale was a minister, man of God, preacher who the puritans look up to him for spiritual advices. He appears to play a huge role in Hesters shameful atrocities. Moreover, Authors identity as Hesters lover and babys father is kept only by him and Hester, but still she takes all the blames. He valued his appearance more than being a father to the baby and this makes him a hypocrate in the story. His hypocrisy leads him to be sick and finally to his grave after confessing he was the Hesters babys father. A lesson is learning in this for people should not value the nurture appearances than who they really are as a person. This essay will explain the evil role played by Roger Chillingworth in the story. Just by calling his name, a sense of evil can be felt, and a dangerous old man with a scary face can be painted in the mind of the readers. Roger who appeared in one of the scenes when Hester was being punished and disgraced in public, asked an Indian native who appeared to be watching Hester what was going, as he was told what happen, He changed his identity to a physician.( the American literature, pg 1384). No one could recognize him except Hester who spotted him in the crowd. Roger not wanting to expose his identity places a finger on his lip as a gestation for Hester who knew who he was to keep it as a secret. Rogers intention was to go deep in search for the man responsible for Hesters public humiliation; second Roger feels he would be laugh at by the people of Boston if he had been with Hester as a husband after she carried the scarlet letter A. She was young and beautiful carrying someones baby, while he thinks he was too old. He blames himself for marrying her in the first place, because he loved her with all his heart and knew she was always going to make him happy. Things changed unexpected when he takes the responsibility to change his identity so he could be a free man in the city. Roger Chillingworth becomes jealous, and brings out the evil in him. He becomes the main character to play the most interesting and scariest role. Roger Chillingworths character is dynamic, from a regular lost husband, to an unrecognized person in the crowd, to a physician. Roger Chillingworth decision to disguise himself is only known by Hester, but hes main mission was to uncover Hesters secret lover who is suppose to be part of the humiliations. He quickly grabs an opportunity to be close to the minister after he fell sick and forced to receive medical attention from Roger Chillingworth. The minister and Roger Chillingworth quickly became friends as they get to spend most of their free time together. While being a good help to the minister, Roger also goes deep in the ministers mind to bring out the truth about Hester and her hidden lover. Roger Chillingworth suddenly discovers Dimmesdales role in the secret relationship with Hester. Moreover, Arthur also senses something wrong about Roger Chillingworth not knowing he was Hesters husband whom they assume death. David Herbert litrary analysis of the scarlet letter describes Hester instead of Roger Chillingworth as the symbol of evil in the story. Oh, Hester, you are a demon. A man must be pure, just so that you can seduce him to a fall (DHL chapter 7). David Herbert blames Hester for being the cause of destruction in the life of Roger Chillingworth and the minister Arthur Dimmesdale. Roger Chillingworths character could be described as someone, whose act could make the audience think he believed in satanic worships, never the less he simple believe in the Puritans principles and doctrines. As a dynamic character, Roger Chillingworth also brings out a good side from his dark self when he visits Hester in jail, gives her medication for her baby and herself. Being cunning as he has been he confesses to Hester Prynne for putting her in that situation. I, a man of thought, the bookworm of great libraries, a man already in decay, having given my best years to feed the hungry dream of knowledge-what had I to do with youth and beauty like yours? Misshapen from the time I was born, how could I delude myself with the idea that intellectual gifts might veil physical deformity in a young girls fantasy! From the moment when we came down the old church steps together as a married pair I should have foreseen the bale-fire of that scarlet letter blazing at the end of our path.(1391) This act is great and touching, but very disappointing to know he was simply carrying out his evil research to expose the truth. Never the less the both acknowledge the fact that the hurt each other. Hester and the minister feel guilty and to seek redemption, walking away from their sin and disgrace. Hester finds a community service while the ministers consequences for his sin put him into great distress and physical and mentally breakdown. Roger Chillingworth becomes the middle person to understand what Hester and Dimmesdale are going through. He transforms into more evil than he had been. He finds means to destroy Hesters reputation which was already in bondage. As years goes by, Roger Chillingworths transformation makes him the real symbolism of evil in the story. Hester describes Roger Chillingworths past as someone who was a misshapen scholar who was slightly deformed, with his left shoulder a trifle higher than the right (hawthorn 2003, p.50). So hes evil and scary description is not a new thing, but something the author had describes in the beginning, differentiating him from other characters in the story. Over the course of the story, sin becomes part of the main characters life. Arthur is guilty for sinning with a married woman, Hester commits adultery, never the less Roger Chillingworths sin is the biggest of all because all he does is sick revenge to hurt and destroy others. Secondly hes been blame for hes lost that put Dimmesdal and Hester in the mess in which they are in. The puritans believed that every sinner should be punishing, and Hester was just a victim in this case. Hester finds herself in an internal conflict with Roger Chillingworth. She fears the minister being around the fake physician, and fears not tell him that Roger was her husband. She knows how dangerous Roger was. The audience does not understand why she hides the truth from the minister. Hester gets into an external conflict with the environment in which she lived in. she became uncomfortable with every person around her including Roger Chillingworth. The only person she could look up to was the minister, and they only place for them to meet was in the forest. Never the less its not secured because evil Chillingworth would watch from every corner. Men, women, young and old, made fun of her, She had no support and no food for her and the baby Pearl. Living in real life with no family or friend to look up is frustrating. She is frustrated even in her own home because of Roger Chillingworths presence. Conflicts were not only Hesters, but Dimmesdale and Roger Chillingworth did face conflicts. Dimmesdale cause for his illness and breakdown was as a result of conflicting with his inner self. Hester was the only character to conflict a group of people. This is seen when her child was taken from her, she fights. Hester makes the scarlet letter more fun and wear it in a more fashion way that an ordinary person thought the A stands for an angel from heaven. She decides to keep the letter even when she had the chances of taking it out. The scarlet letter became a symbolism of love to Hesters daughter. She admires it and could identify her mom quick when she had the letter on her bosom. The author presents revenge as an unnatural act that twists a persons soul into something evil. In the puritan world, revenge belongs to God alone, nonetheless, roger takes upon himself to play Gods role and becomes the real Satan that Christian churches preach against. His ability to manipulate over people helps brings out some of the hidden truth thats been kept between Hester and Dimmesdale for a very long time. Rogers cunning conversations, finally puts him in a position to expose and destroy the hidden lovers reputation. Nevertheless Pearl is the symbol of sin committed between the minister and Hester Prynne. Roger Chillingworth is also described as an intellingent man, who intelligence turn to evil and he was so smart to do whatever he did. Arthur Dimmesdale believed he also carried a Scarlet letter deep in his heart even though it wasnt visible. Because of this, he carried most of the pain and sufferings. Roger Chillingworths intention was real evil when he confessed not to kill Hester Prynne or the baby Pearl, but to make Hester suffer for the rest of her life. He wants the truth to be known only by him so he will have the power to carry more evil actions. This thought also tells the audience what an evil person he was. Roger Chilling now not only became a physician but someone to determine evil and good babies. This is seen when he examines Pearl and said she was clean and ok. His intention was not to make Pearl been taken away, instead to keep her with her mother so he would have the opportunity to torment her the more until he became satisfied which he never did. He says complains of Pearl belonging to Hester only and not him, and she would never recognize his voice Live, therefore and hear about thy doom with thee, in the eyes of men and women, in the eyes of him whom thou did call your husband.(Nathaniel Hawthorne, chapter 4) Roger Chillingworth might have been doing the right thing since he himself was the puritan, and anyone in his position would have done the same thing. He tries to make himself a good man throughout the story, none the less, Hester confirms him by saying thy act are like mercy, but they words interpret thee as a terror (pg .1426). Roger Chillingworth and Minister Dimmesdalel never get to be friends after they knew who was who. Dimmesdales revelation puts Roger chillingworth in a difficult position. He became frustrated and doesnt know who to blame and toment anymore.

Answer for case study

What factors favor this action? What factors stand in the way? Greensward's plan for creating â€Å"global lock business† can be integrated with other parts of Black & Decker's business on a global scale. Firstly, he recommends that the international Group establish and take over the â€Å"on-the-ground† representation in foreign markets and at the same time, it should identify â€Å"local champions† in each of the lock factories.Second, he suggests establishing at Black & Decker headquarters n Dotson, Maryland, a group product manager for hardware products within the International Division. Third, he also recommends establishing an â€Å"interception organization†. This department acts as a separate centre to facilitate, across all international casting, order placement, billing, forwarding expediting, and processing of export documentation for the lock business. This helps the company to be more effective to deal with the documentation of order and expo rt.Moreover, this organization can also get the first hand marketing Information for analysis and forecasting. Such information includes the market segments and both the strength and weaknesses of competitors, which are very useful In promoting the growth of the future business. Factors that favor for his plan: Inside/ outside the market. Communication should be one of the factor stands In the way. Effective communication acts as a linkage between the headquarters and the local offices.When there Is no effective communication In one part of the hierarchy, the whole Truckee of the lock business will become fragments. For example, the global Issue Is downsizing from the Group Marketing Manager for hardware products to the Marketing development department and the five source business and at the same time, the Marketing development also formulate the strategies on product continuum to sources businesses based on the global Inputs. If the source department does not recognize the global I ssue In advance, they will get confused what the Marketing development department Is doing.

Mitten Manufacturing Ltd

Generally, mergers occur for the purpose of improving financial performance or shareholders – making the likelihood of this potential merger ideal. Angela has offered to sell ML to John for the book value of equity, based on the 2014 year. MUMS financial Statements are in accordance with FIRS. John has asked for our help as professional accountants with the firm of Label and Liana ALP (L&L) to assist in determining an estimate of the purchase price. In order to do so we must first address the accounting issues with Mil's current financial statements.It should be noted that Mil's financial statements were prepared for internal purposes and have not been audited. John will want Mil's financial statements to be accurate before agreeing to Angel's suggested purchase price so that he is not overpaying. He will also want accurate financial statements to accurately determine Mil's debt/equity ratio, going concern, and other important ratios/factors. Angela may be biased towards keepi ng her current balance sheet numbers as they most likely overvalue assets and undervalue liabilities, making the sale of her ownership a better deal for her, but not necessarily a better deal for John.As John's accountants we must approach this conservatively in order to ensure that he is not overpaying for the company, focusing primarily on the book value of equity which is to be the selling price. Analysis and Recommendations Issue: $500,000 loss ML experienced a loss of $500,000 during the year which could be due to problems with operations or Accounts Receivable collection. This may have encouraged Angela to bias the numbers to make ML look better to potential buyers. This loss should be kept in mind when reviewing the following issues.While this is a one-time event, working capital, inventory turnover, and debt ratios should be considered when determining the company's future sustainability. This loss will decrease or has decreased shareholders equity by $500,000. The loss may be a positive for John as he will be able to carry forward the loss to a positive net income in the next twenty years, which can potentially reduce Mil's future taxable income. Should John decide to carry forward this loss, the journal entry should kick like the following: 1) Dry. Deferred tax asset 500,000 Cry.Income tax benefit Issue: How to account for the new lease agreement Capital Lease Operating Lease Under FIRS, one of four classification criteria must be met in order to be lassie as a Capital Lease: 1) Reasonably assured that ownership will transfer to lessee at end of lease term 2) Lessee gets substantially all economic benefits from using the leased asset over the lease term 3) Lesser recovers substantially all investment, and earns a rate of return 4) Leased asset is specialized and can only be used by lessee According to the terms of Mil's new lease agreement: 1) Yes, under the assumption that the Bargain Purchase Option of $4,500 will be exercised 2) No, lessee only us es 50% of economic life – not considered substantial as there is still 50% of its life left for economic benefits to be aimed 3) Yes, because the IV of Minimum Lease Payments (where 1=9%, N=5, and is equal to $88,000, which is 100% of the IV of the asset at January 1 , 2014 4) NINA.Information was not provided to answer this The lease meets both the first and third classification criteria Capital Leases must record the asset and liability, depreciation of the asset, and interest expense following the effective interest method Under FIRS, one will account for a lease as operating if the risk and benefits of ownership of the leased asset are not transferred to the lessee If a lease does not meet any of the criteria necessary for a Capital Lease, then it will be ported as an Operating Lease Operating Leases are accounted for as a rental expense After considering the two alternatives, it is clear that the new lease agreement must be recorded in Mil's books as a Capital Lease. Thi s is due to two of the four Capital Lease classification criteria being met, which do not allow for the company to record it as an Operating Lease. The following journal entries should have been entered throughout 2014: 01/01/14: 1) Dry. Lease Equipment Obligation 88,000 88,000 2) or. Lease Obligation Cry. Lease 24,066. 26 Cry. Cash 12/31/14: 3) Dry. Interest Expense 3,057. 02 4) Dry. Amortization Expense Cry. Accumulated Amortization 3,057. 02 Cry.Interest payable 4,400 While there are more incentives to classifying a lease as operating such as tax incentives, higher return on asset, and better solvency ratios, the lease must be classified as a Capital Lease so as to stay in accordance with FIRS. However, a Capital Lease does provide a company with a higher operating cash flow, and reduces Net Income, which potentially reduces income taxes. A lower Net Income will result in a lower shareholder's equity. Issue: Entries to reflect changes in the plan asset and liability for current y ear FIRS ASPS FIRS requires that the same discount rate is used for plan asset and liability and the immediate recognition approach must be used.Therefore, using the Projected Benefit Obligation method, and using a 10% discount rate, the Plan Liability would be: $ 694,969 + 35,000 + 69,497 – 40,000 = $759,466 And the Plan Asset, using the 10% actual return on plan assets, would be: $ 525,000 + 52,500 = $537,500 Making the Defined Benefit Obligation: $ 537,500 – 759,466 ($221,966) The Pension Expense: $ 35,000 – 52,500 = $ 51 ,997 And the Net Defined Benefit Liability: – (169,969) = ($ 51 ,997) ASPS allows for either the immediate recognition approach or the deferral and amortization approach ASPS also allows for the expected return on plan assets to be different from the discount rate used for the Accrued Benefit Obligation No calculations are necessary for the ASPS alternative of this issue, as they would not be in accordance with FIRS with which ML must follow. Therefore, in accordance with FIRS, we will account for the changes in the plan asset and liability as stated above.Please note that the Accrued Benefit Obligation (ABA) will be referred to as the Defined Benefit Obligation (DB), s we are working under FIRS rather than ASPS. Following the restriction that the same discount rate (1 0% in this case) be used for both plan asset and liability, the following journal entries should be made to account for the changes for the current year: 12/31/14: 1) Dry. Pension Expense Cry. Net Defined Benefit Liability 51,997 51 ,997 This increase in Net Defined Liability will decrease Shareholder's Equity. Issue: Depreciation of Capital Assets The depreciation of capital assets must be taken out of the provision for income taxes included in the financial statements for the current period.This depreciation is to be included in taxable income, not accounting income and will incorrectly state Mil's provision for income taxes if not removed. The CA amount needed to be removed is equal to x 30% $1 this amount will be deducted from the taxable income. The removal of $1 from the provision for income taxes will increase net income, subsequently increasing shareholders equity. Issue: How to account for the Super Shopper Account Receivable Estimate Unconvertible Receivables Writing Off Accounts Receivable There are two methods to estimate unconvertible receivables: 1) Balance Sheet Method – uses past collection experiences to estimate unconvertible amounts.ML could estimate the amount required for Allowance for Doubtful Accounts as a percentage of the balance in Accounts Receivable. Using an aged receivables analysis, ML could forecast a percentage of estimated unconvertible Accounts Receivables accounts over 90 days old. The journal entry would look similar to the following: Dry. Bad Debts Expense Cry. Allowance for Doubtful Accounts xx 2) Income Statement Method – estimates cost of bad debts as a percentage of Sal es. Mil's journal entry using this method would look the same as the Balance Sheet Method journal entry. If ML determines Super Shoppers account specifically to be unconvertible, they may use the Allowance Method for writing off accounts.The following journal entry would be made: Dry. Allowance for Doubtful Cry. Accounts Receivable -? Super Shopper Should the payment be received after the write – off, the account can be reinstated using the following journal entries: 1) Dry. Accounts Receivable 2) Dry. Cash Cry. Accounts Receivable If the amount is immaterial, ML may also use the Direct Write – Off Method, where no allowance account is used. The journal entry would be as follows: or. Bad Debt Expense Due to the age of Accounts Receivable -? Super Shopper (90 days old) and the financial difficulties that Super Shopper is currently facing, it is unlikely that the account will be paid off and should there for be written off.ML should follow the Allowance Method of writing off journal entries stated above to record the write – off of the Accounts Receivable. This method would be preferred as it allows for the account to be restated should Super Shopper pay off their debt. The Direct Write -? Off Method would not suffice for this account as the amount of $200,000 is not considered immaterial. This Bad Debt Expense needs to be considered as it will impact Mil's assets, and an increase in bad debts is a decrease in the value of the firm (shareholders equity) of the firm for John. This might not be as substantial to consider should ML have already had a bad debt reserve, meaning that the net income would not have been so greatly affected.Issue: How to account for the Tech Outerwear Lawsuit Recognize lawsuit as a provision Recognize lawsuit as a contingent liability Under FIRS, ML should recognize the lawsuit as a provision if: 1) The company has a present legal obligation as a result of a past event 2) It is rabble – â€Å"more likely than not† – that an outflow of resources will be required to settle the obligation 3) A reliable estimate can be made of the amount of the obligation If the lawsuit meets these conditions, it should be recognized in the financial statements Under FIRS, ML should recognize the lawsuit as a contingent liability if either: 1) There is a possible legal obligation as a result of a past event, which will be confirmed on the occurrence of an uncertain future event, not within the reporting individual's control; or 2) There is a legal obligation from past events, which is not recognized as it is to probable that an outflow of resources will be required to settle the obligation or a reliable estimate cannot be made of the amount of the obligation If the lawsuit meets these conditions, it should be disclosed in the notes of the financial statements. The notes should include the following: 1) Estimate of its financial effect 2) Uncertainties related to the amount and timing of any out flow of resources 3) Possibility of any an outflow of resources The lawsuit by Tech Outerwear for patent infringement has not been properly assessed by Mil's lawyers yet, and therefore they have not determined the likelihood of losing the suit. This information allows us to determine that at this time the lawsuit should be recognized as a contingent liability in accordance with FIRS, as we are unable to meet the conditions to recognize it as a provision on the financial statements.This lawsuit meets the criteria that there is a possible legal obligation that cannot be confirmed until Mil's lawyers assess the lawsuit, and the probability of the outflow of resources and a reliable estimate of the obligation cannot be made. The numbers ($200,000 to $700,000) on past lawsuit settlements are not reliable information. The required disclosed notes stated above should be included in he financial statements. Determining the probability of the lawsuit and the estimated loss should be complete d as soon as possible, as a loss could result in a going concern policy. This information will be very important to John as the company has already experienced a loss of $500,000 during the year. This note has no effect on equity; only when the lawsuit is official will it have an effect on equity.Issue: Retractable Preferred Shares ML also has $50,000 of retractable preferred shares included in their capital stock. These shares a retractable if there is a change in the ownership of cuisines. This will be of concern to John, as the $500,000 loss incurred during the year does not leave the company with the funds available to pay the shareholders should they decide to sell their shares; John must consider day to – day cash requirements for the company's expenditures that are not included in current liabilities. While it was not stated, which might have been done on purpose by ML, it is unclear if dividends were declared during the year for the preferred shares, which may affect John's decision greatly.Cash dividends should not have been declared unless the current and future uncial position justify it; the current loss of $500,000 does not suggest that they should have declared any. Cash dividends would have reduced shareholder's equity. If stock dividends were distributed, then there would have been no effect on the balance of shareholder's equity. On the other hand, non -? payment of dividends can also affect the company as the preferred shareholders may choose to sell their shares if they stop receiving dividends; receiving dividends is usually what attracts investors to preferred stock. John should examine the debt/equity ratio to determine if these referred shares were issued because the ratio became too high and they wanted the company to look more desirable to investors and buyers.Issue: Accounting for Employee Stock Options Recognizing stock options While Compensatory Stock Option plans (COOP) do not involve a transfer of cash when first issued, th ey still must be recognizes in the financial statements and measured at fair value Coops are usually given instead of salary or a bonus, and the economic value lies in the prospective future gains when the options are exercised The Compensation Expense will be recognized as the services are being provided by the employees. Therefore, Total compensation expense is calculated on the day the options are granted and is equal to the fair value of the options. The first journal entry for Mil's stock options should look like the following: 1 2/31 /14: 1) Dry. Compensation Expense XX,XX Cry. Contributed Surplus – Stock Options XX,XX If/when the options are exercised, ML should record the entry as such: XX/XX/1 5: 2) or. Cash XX,XX Dry. Contributed Surplus – Stock Options CALYX Cry.Common Shares XX,XX If the options expire by the end of the three years, then the journal entries for the remaining balance should be the following: 3) Dry. Contributed Surplus – Stock Options Contributed Surplus – Expired Stock Options XX,XX cry. XX,XX Mil's disclosures on the stock options should include the following: 1) Accounting policy 2) Description of plan 3) Details on numbers and values Of options issued, exercised, and expired 4) Assumptions and methods used to determine fair values 5) Total Compensation Expense and Contributed Surplus The recognition of these stock options is required under both ASPS and FIRS, and ML has no option but to record them as such.The first journal entry that records the total Compensation Expense and Contributed Surplus must be made in order for ML to have accurate financial statements. The following journal entries are to be used in the future when options are exercised or expired. As no further information on dates and values were provided, the reporting individual is not able to provide completely finished journal entries. The Compensation Expense will lower the net income, which will subsequently lower shareholder's equi ty. As well, if there is a large amount of option redemption's, this will cause the share price to quickly drop. Investors who sell their shares during this time will incur capital losses, and these losses may be carried forward to reduce tax liabilities.

Trip Reflection - 949 Words

Planning a trip may be the hardest part of the entire trip. Once you have your agenda everything else falls into place. In my trip, I had two other partners helping prepare for this spontaneous trip. Each of us had a specific duty when creating a section of the trip presentation and narrative. While creating this presentation I learned a lot about myself and about my partners as well. I believe when reading this the instructor will know that our team put in all a great amount of effort and worked efficiently to finish the project. The instructor will also learn from this, that my team was overall formal and adults when it came to solving issues within of group. Our trip was over three cities: Berlin, Paris, and England. Each person in†¦show more content†¦We set up mini due dates within our group to make sure we would finish our project within time. My personal responsibility (PR1) throughout this presentation was to ensure I put in my part and made sure each section I did, I put in hundred percent, because it was not only my grade being affected but two other people who depended on me as well. Each one of us has duties within our own lives and worked out that it would be best to skype each other on days we had English Literature late at night around 8PM. We also communicated through email at one time when one of our partners laptop was down, we we reached each other through calling each other. Each person within our project had the same amount of responsibility throughout the project, which was 1/3 of the overall project the PowerPoint and narrative. To give a better perspective each person had to search for sites with information over things to do while in the given city. Each person also had to write their portion of the narrative on their city and how it related to the readings. I wrote the section over England, which came to be one and half pages long including how the location related to the readings. Isabo Turner, nominated herself and we also decided she would best fit to review and revise the narrative as needed to. Each person did their own research on their chosen location. We set up a chart with empty boxes for each person to insertShow MoreRelatedReflection of My Environmental Studies Trip to Hawaii Essay526 Words   |  3 PagesOver this last summer I struggled, but made it through the toughest thing Ive ever experienced. I went on an environmental studies trip to the Hawaiian Islands that while was the most memorable, influential experience Ive ever been able to accomplish, was still extremely challenging and completely different from my laid-back lifestyle. In order to go on this trip I was required to write 5 essays on different topics that are currently popular issues in Hawaii. 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