Do you think contingent gains should be disclosed in the financial sta (1).docx

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Do you think contingent gains should be disclosed in the financial statements? Defend your position. Solution Contingent gain or loss is a concept where the firm will suffer loss or will make gain only on hapening of certain contingency or event in future. Suppose a company has claimed some money for extra work. Disput arises regarding the inclution of those work in the contract escalation clause. The dispute has been referred to court. The company will gain, if the judgement of court goes in their favor. It is a contingent gain which will materialize only when judgement is favorable. It is not justified to include them in the financial statement as the gain has not been made. Also it is not certain whether such gain will at all be achieved or not. From convertesim point of view any income or gain which is not sure to be earned should not be included. However it is the responsibility of company to disclose all facts in its report.So that it can project true and fair view of state of affairs of the concern. Hence there should be disclosure in the financial statement in detail about the contingent happenings. .

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How does unearned revenue arise? Can it be classified properly as a current liability? If so, why? Give examples of business activities that result in unearned revenue. Additionally, explore the potential ramifications of recognizing unearned revenue on the validity of the financial statement and, potentially, the price of the stock. Solution Unearned income or unearned revenue occurs when a company receives money before the money is earned. This is also referred to as deferred revenues or customer deposits. The unearned amount is recorded in a liability account such as Unearned Revenues, Deferred Revenues, or Customer Deposits. After the amount has been earned, the liability account is reduced and a revenue account is increased. Give examples of business activities that result in unearned revenue. Magazine or newspaper subscriptions paid in advance are unearned revenues (deferred revenues) for the publisher, until the subscription copies are delivered. In accrual accounting (used by most companies), revenues are recognized as earned when two conditions are satisfied: Hence unearned revenue is not recognizes as revenue hence it doesn’t have any impact on the Revenue of the company unless the same is realized . Since it doesn’t have an impact on the net profit it will not impact the Earning per share of the organization which is a measure of stock price ..

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Alice intends to send a secure message to Bob. (1) What are the threats that Alice should be concerned about in sending messages to Bob? (2) What information does Alice need if symmetric key encryption is used? (3) What is needed if asymmetric key encryption is used? (4) Is encryption alone sufficient to defend against these threats? Solution Alice intends to send a secure message to Bob. (1). The threats that Alice should be concerned about in sending messages to Bob are,,, a.Eavesdropping b.Traffic analysis c.cryptanalysis (2).Â Â Alice needs the information if symmetric key encryption used is... * Symmetric-key cryptography is a mechanism by which the same key is used for both encrypting and decrypting. (3). if asymmetric key encryption is used the needed thing is... * asymmetric key encryption is used Two keys are a public and a private one. The public one is available for everyone, but the private one is known only by the owner. (4). No, Encryption alone is not sufficient to defend against these threats. .

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Add a function prototype for the function sumNum. # include using namespace sted; int main (void) { float val; float amount; int n; cin >> val >> n; sumNum (amount, val, n); cout Solution Prototype of function : In function concept prototype declaration is necessary in order to provide information to the compiler about function, about return type, parameter list and function name etc. Program : # include<iostream .h > using namespace std; float sumNum(float,float, int); /* prototype for the function sumNum it accept the sum value which is a float value and parameter list mentioned, i.e. float,float, int */ int main (void) //main function float amount; int n; cin>>val>>n; // Accept the value sumNum(amount,val,n); // Calling function cout<<amount<<end1; } void sumNum(float &sum, float x,int n); // Called function { int i; sum=0.0; //Intilise the sum value to zero. for(i=1;i<=n;i++) { sum=sum+i*x; // calculate the sum } return sum; // Here we return sum value } .

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Add a new check on the emp table to make sure that any new employee inserted has sex either \'M\' or \'F\'. Create a new table called highway, with columns: empid and salary, and insert only those employees into this new table whose salary is greater than $40000. Write an SQL query that would return the department name and the maximum salary of that department (of only Male employees, i.e. Female employees should not be included). Using the IN operator, write a SQL statement that would return the first name, last names and the department names of those in \'MEN CLOTHING\' or \'WOMAN CLOTHING Display only those department names, and average salaries (rounded to the nearest dollar) of only those departments whose average salaries are greater than $33000. Create a view called ernp_manager_deptname with the employee last name (upper cased), manager name (lowercased) and the department name (lowercased) of each employee. Grant only view and change rights to the columns fname, lname and ssn to everyone. Create an INDEX for the emp table called indSSN on the column ssn and salary. Drop the index and revoke the grant Assume that there exists another column in the emp table called datejoined (which contains the date when the employee joined the company). Write a SQL query that gives the first name, last name and the number of days employed in the company. Solution 1. ALTER TABLE emp ADD CHECK (sex=\'M\' OR sex=\'F\') 2.create table highpay(empid int,salary int) insert into highpay select empid,salary from emp where salary>40000 3.select d.deptname,max(salary) from emp as e,dept as d where e.deptno=d.deptno and e.sex=\'M\' group by d.deptname 4.select e.fname,e.lname,d.deptname from emp as e,dept as d where e.deptno=d.deptno and deptname IN (\'MEN CLOTHING\',\'WOMAN CLOTHING\') .

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