consolidated financial statements
2. Revenue recognition
- percentage of completion method is not applicable
3. Defined benefit pension accounting
4. Cannot offset the prepaid cigarette tax expense with cigarette tax
payable; both assets and liabilities have risen by 201,774.
5. There is a number of reclassification among asset classes
- Intangible asset ↑ by \47,937million
-
on the company's accounting policies. In the third-phase preparation, the company prepares financial statements based on K-IFRS.
KPMG Samjung Accounting Corporation audited the accompanying non-consolidated balance sheets of KT&G Corporation as of December 31, 2008 and 2007, and the related non-consolidated statements of income, appropriation of retained earnings, changes in equity and cash flo
on a cartel arrangement by lowering prices in an attempt to capture more of the market.
조작 : 시장을 장악하기 위해 가격을 낮춤으로써 카르텔(기업연합)의 협정을 어기는 것
55. Circular flow of income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 :
tax’ makes our economy poorer by spending money in not a cost-effective way, then the crime will rise. Therefore in this respect, we can link ‘sin tax’ and ‘the number of crimes.’
Another academic work “Economic Inequality and the Rise in U.S. Imprisonment (2004)” shows the relationship between “economic inequality” and the crimes by observing the rise in imprisonment in Unite
*******[C]*********
CAF(Currency Adjustment Factor) 통화할증료
- 정기선사나 정기선 운임동맹에 의하여 부과되는 Surcharge의 일종이다. 선박회사의 Tariff에 규정된 통화로 환전할 때 발생할 수 있는 불이익을 보충하며 선박회사의 수익을 보장하기 위하여 부과한다. CAF는 기본 운임률에 일정한 Percentage로서 부과된