incomes fell less sharply in Finland than in most other countries. Barriers to grain imports stimulated a return to mixed farming, and by 1938 Finland's farmers were able to meet roughly 90 percent of the domestic demand for grain.
The disruptions caused by the Winter War and the Continuation War caused further food shortages, especially when Finland ceded territory, including about one-tenth of
maintenance
support for the United States Department of Defense in Asia and maintains a
research division with focuses on launch vehicle, satellite, commercial and
military aircraft, helicopter, and simulation systems.
Additional Information about KAL
Operating – negative amount of net income in 2009!
net income -98,895,975,758 : a net loss in 2009 accordin
policies of KAL. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy
I. Main accounting policies
We could find the main accounting policies of KAL by looking into its footnotes. We investigated its accounting policy for revenue recognition, allowance for doubtful debts, inventory valuation, and depreciation method.
1. Revenue Recognition
KAL
income statement from year 2006 to 2008 were compared.
Prior to analyzing the company's sales revenue, world airline industry experienced loss of $50 billion per year. It was due to the reduced demand from high oil price which had continued to the first half of 2008 and from economic recession which began from the second half of 2008. South Korea, coupled with the Won depreciation, the number
income inequalities. To illustrate, Korea performed over 8% of economic growth rate during 1964~1997, more than three times the world average, and the average Gini coefficient which explains domestic income inequalities was 0.292 during 1975~1995. In accordance. With the high economic growth and relatively narrow income inequalities, the poverty rate has drastically fallen from 20.04% in 1975 to