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January 22, 2015 - Save the Date for Art Congress Cologne 2015NEWS RELEASE - ARIS is pleased to announce that it is a premium partner of ART CONGRESS COLOGNE to be held on April 17, 2015 in association with and parallel to ART COLOGNE.
ART CONGRESS COLOGNE will focus on current developments and trends in todays international art market for private collectors as well as professional art market participants such as banks and family offices including legal and tax-related conditions, authenticity, lending, logistics and online sales.
January 22, 2015 - Art Insurance Methodology: Practical Concerns for Personal Property Appraisers NEWS RELEASE - ARIS is pleased to announce that it will participate in the Appraiser Association of Americas art insurance methodology program on January 29, 2015 with Herrick Feinstein, LLP at their offices.
The speakers will address how to draft best-in-class art appraisals for insurance purposes as well as complicated insurance terminology, the general scope of various coverage terms and the differing roles of insurance professionals such as agents, brokers and underwriters.
The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and all other economic entities. The monetary unit assumption states that transactions that can be measured in terms of money should be recorded in the accounting records. In order to possess future service potential, an asset must have physical substance. Owners’ claims to total business assets take precedence over the claims of creditors because owners invest assets in the business and are liable for losses. The basic accounting equation states that Assets = Liabilities. Accountantsrecord both internal and external transactions. Answers to True-False Statements 1 – 7 MULTIPLECHOICE QUESTIONS 41.
Internal transactions do not affect the basic accounting equation because they are economic events that occur entirely within one company. The purchase of store equipment for cash reduces the owner’s equity by an equal amount. The purchase of office equipment on credit increases total assets and total liabilities. The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of a company during a period. Net income for the period is determined by subtracting total expenses and drawings from total revenues. Identifying is the process of keeping a chronological diary of events measured in dollars and cents. Management consulting includes examining the financial statements of companies and expressing an opinion as to the fairness of their presentation. Accountantsdo not have to worry about issues of ethics. At the time an asset is acquired, cost and value should be the same. The monetary unit assumption requires that all dollar amounts be rounded to the nearest dollar. The basic accounting equation is in balance when the creditor and ownership claims against the business equal the assets. External transactions involve economic events between the company and some other enterprise or party. In the owner’s equity statement, revenues are listed first, followed by expenses, and net income (or net loss).
- Commercial, Corporate & Business Litigation, Corporate Counseling, Intellectual Property Litigation, Trusts, Estates & Tax, Business Reorganization & Restructuringby Derek C.
Also announced were the first-adopters of the solution, which include industry-leading individual artists, artists estates and other institutions from the US, Europe, China and Cuba. Click here to join in the conversation on Twitter: #i2Mstandards May 15, 2015 - Save the Date for third annual Art Crime and Cultural Heritage Symposium at New York University NEWS RELEASE - ARIS is pleased to announce that it will participate in a panel at the third annual Art Crime and Cultural Heritage Symposium at New York University on June 4 -6, 2015. February 26, 2015 - Save the Date: Pure Love of Art versus Mere Investment conference NEWS RELEASE - ARIS is pleased to announce that it will participate in a panel at the International Bar Association program on March 26 to 27 at Sothebys, London, England entitled Pure Love of Art versus Mere Investment.
Wolters Wilmington, DE (May 26, 2017) – The 2017 edition of Chambers USA: America’s Leading Lawyers for Business again ranked Morris, Nichols, Arsht & Tunnell LLP as a Band 1 law firm in the Delaware categories for Bankruptcy/Restructuring, Chancery, Corporate M&A & Alternative Entities, and Intellectual Property. - Business Reorganization & Restructuring, Commercial, Corporate & Business Litigation, Corporate Counseling, Intellectual Property Litigation, Trusts, Estates & Taxby Derek C.
Wilmington, DE (May 12, 2017) – Sixteen Morris Nichols attorneys have been selected for inclusion to the 2017 Delaware Super Lawyers list. Lafferty was named to the “Top 10” list for Delaware.
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