A lost property Essay Example for Free

A lost property Essay ? A lost property is one which is found in a territory where almost certainly, its actual proprietor had no purpose of setting it and the proprietor isn't probably going to discover it. Then again, lost property is one which the genuine proprietor set it some place and neglected to get it. Then again, deserted property is one which the genuine proprietor proposed to leave some place because of the state it was in (Litka and Inman, 1983). This plane could have been named as lost or relinquished. The gatherer of the plane †Doug Chaplin, along these lines lost in the court administering since the plane was a lost and discovered property (Stewart, Warner and Portman, 2008). The plane could have stayed to be the property of Chaplin however since The Navy discovered it and on the grounds that they are the genuine proprietors; they reserve a privilege to repossess it. Chaplin ought to have surrendered the plane to the correct specialists. Also, if the proprietor doesn't go to guarantee it for a specific timespan, at that point the plane could be returned to Chaplin (Warda, 2005). The plane was administered to have a place The Navy despite the fact that Chaplin could have been compensated for his push to recuperate the plane. The court could likewise have decided that the plane comprised a surrendered property and along these lines should be a property of the legislature of which The Navy was additionally part of the administration. Chaplin would always lose the case in light of the fact that the plane’s genuine proprietors were asserting it, what's more, the law holds that lost property ought to be come back to the proprietor. Regardless of whether Chaplin gathered the plane as a relic, the plane despite everything had a place with The Navy since under the customary law of America, relics are qualified for their gatherer except if the genuine proprietor recovers them. References Litka, M. P. ; and Inman, J. E. (1983). The legitimate condition of business: Public and private laws. Hoboken, NJ: Wiley. Stewart, M. ; Warner, R. ; and Portman, J. (2008). Each landlord’s lawful guide. Berkeley, California: Nolo. Warda, M. (2005). Landlords’ rights and obligations in Florida. Chicago, IL: Sourcebooks, Incorporated. A lost property. (2016, Sep 17).

Parenting Module six free essay sample

What is a family? What is family arrangement? A family is a lot of individuals that are either related, live respectively, or friendly towards one another. Family structure is about the individuals in the family, having to do with their ages, number of individuals, and connections towards one another. 2. What is social predisposition? What is a case of this? Social inclination is the thing that you have when you are making a decision about somebody else’s culture in view of the guidelines of your own. For instance, saying that specific strict gatherings and their types of direct are unusual in light of the fact that they are not the same as our own. What are generalizations? How are they unique in relation to partiality? Generalizations rush to the point suppositions about somebody fundamentally due to what they resemble. They are not the same as partiality since preferences are presumptions that are made before getting to really know somebody. 4. What is the distinction between a family unit and a more distant family? A family unit is a conventional family. We will compose a custom paper test on Child rearing Module six or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page A more distant family is a group of various ages whom all live respectively. Basic Thinking Questions 1. By what method would families be able to absorb to another culture? Families can acclimatize to another culture by beginning to acknowledge the different culture’s thoughts and convictions. 2. What are a portion of the issues with generalizations or social inclination when taking a gander at families? A portion of the issues with this are you are fundamentally making a decision about individuals that you don’t really know. You are making up thoughts regarding them dependent on what they look like, and this implies you could be passing up becoming acquainted with some awesome individuals. 3. Difficulty influences today’s family, similarly as Black Death influenced families from before times. What sorts of antagonistic difficulties do today’s families face and how might they deal with the circumstances? Families today face various afflictions. For instance, they may have next to no cash. They currently need to work more to accommodate the whole family. 4. For what reason are families different in structure? How are family ways of life of today not quite the same as the past? Families are progressively various in arrangement now in light of the fact that there aren’t the same number of atomic or conventional families. There are such huge numbers of various living game plans these days which can incorporate numerous individuals from numerous foundations living respectively.

Biography of Martha Carrier, Accused Witch

Account of Martha Carrier, Accused Witch Martha Carrier (​born Martha Allen; kicked the bucket August 19, 1692) was one of 19 individuals blamed for black magic who were hanged during the seventeenth century Salem witch preliminaries. Someone else kicked the bucket of torment, and four passed on in jail, despite the fact that the preliminaries kept going just from spring to September of 1692. The preliminaries started when a gathering of young ladies in Salem Village (presently Danvers), Massachusetts, professed to be controlled by the fiend and blamed a few neighborhood ladies for being witches. As insanity spread all through provincial Massachusetts, a unique court was assembled in Salem to hear the cases. Quick Facts: Martha Carrier Referred to For: Conviction and execution as a witchBorn: Date obscure in Andover, MassachusettsDied: Aug. 19, 1692 in Salem, MassachusettsSpouse: Thomas CarrierChildren: Andrew Carrier, Richard Carrier, Sarah Carrier, Thomas Carrier Jr., perhaps others Early Life Transporter was conceived in Andover, Massachusetts, to guardians who were among the first pioneers there. She wedded Thomas Carrier, a Welsh contractually obligated slave, in 1674, in the wake of bringing forth their first kid, an outrage that wasnt overlooked. They had a few youngsters sources give numbers running from four to eight-and lived for a period in Billerica, Massachusetts, moving back to Andover to live with her mom after her dads demise in 1690. The Carriers were blamed for carrying smallpox to Andover; two of their youngsters had passed on of the illness in Billerica. That Carriers spouse and two other youngsters were sick with smallpox and endure was viewed as suspect-particularly on the grounds that Carriers two siblings had kicked the bucket of the illness, which put her in line to acquire her dads property. She was known as a solid disapproved, harshly toned lady, and she contended with her neighbors when she associated them with attempting to swindle her and her significant other. Witch Trials Confidence in the heavenly explicitly, in the devil’s capacity to enable people to hurt others through black magic as an end-result of their dependability to him-had risen in Europe as ahead of schedule as the fourteenth century and was across the board in pilgrim New England. Combined with the smallpox pandemic, the consequence of a British-French war in the provinces, fears of assaults from close by Native American clans, and a contention between provincial Salem Village and the more rich Salem Town (presently Salem), the witch insanity had made doubts among neighbors and a dread of pariahs. Salem Village and Salem Town were close Andover. The first sentenced witch, Bridget Bishop, was hanged that June. Transporter was captured on May 28, alongside her sister and brother by marriage, Mary and Roger Toothaker, their girl Margaret (brought into the world 1683), and a few others. They all were accused of black magic. Bearer, the first Andover inhabitant made up for lost time in the preliminaries, was blamed by the four Salem young ladies, as they were called, one of whom worked for a contender of Toothaker. Starting the past January, two youthful Salem Village young ladies had started having fits that included savage bendings and uncontrolled shouting. An investigation distributed in Science magazine in 1976 said the parasite ergot, found in rye, wheat, and different oats, can cause hallucinations, regurgitating, and muscle fits, and rye had become the staple harvest in Salem Village because of issues with developing wheat. Be that as it may, a nearby specialist analyzed bewitchment. Other youthful neighborhood young ladies before long started to show side effects like those of the Salem Village youngsters. On May 31, Judges John Hathorne, Jonathan Corwin, and Bartholomew Gedney analyzed Carrier, John Alden, Wilmott Redd, Elizabeth How, and Phillip English. Bearer kept up her honesty, however the blaming young ladies Susannah Sheldon, Mary Walcott, Elizabeth Hubbard, and Ann Putnam-showed their alleged tribulations brought about via Carriers powers. Different neighbors and family members affirmed about condemnations. She argued not blameworthy and blamed the young ladies for lying. Transporters most youthful youngsters were forced into affirming against their mom, and her children Andrew (18) and Richard (15) were likewise blamed, similar to her girl Sarah (7). Sarah admitted first, after which her child Thomas Jr. did also. At that point, under torment (their necks attached to their heels), Andrew and Richard likewise admitted, all involving their mom. In July, Ann Foster, another lady denounced in the preliminaries, additionally ensnared Martha Carrier, an example of the charged naming others that was rehashed and once more. Seen As blameworthy On August 2, the court heard declaration against Carrier, George Jacobs Sr., George Burroughs, John Willard, and John and Elizabeth Proctor. On August 5, a preliminary jury saw every one of the six as blameworthy of black magic and condemned them to hang. Bearer was 33 years of age when she was held tight Salems Gallows Hill on August 19, 1692, with Jacobs, Burroughs, Willard, and John Proctor. Elizabeth Proctor was saved and later liberated. Bearer yelled her blamelessness from the framework, declining to admit to a deception so tarnished despite the fact that it would have helped her abstain from hanging. Cotton Mather, a Puritan clergyman and creator at the focal point of the witch preliminaries, was an eyewitness at the hanging, and in his journal he noted Carrier as an uncontrolled witch and conceivable Queen of Hell. Students of history have estimated that Carrier was misled as a result of a battle between two neighborhood serves over questioned property or due to the particular smallpox impacts in her family and network. Most concur, in any case, that her notoriety for being an offensive individual from the network could have contributed. Inheritance Notwithstanding the individuals who passed on, around 150 men, ladies, and kids were blamed. Be that as it may, by September 1692, the delirium had started to decrease. General assessment betrayed the preliminaries. The Massachusetts General Court inevitably revoked decisions against the charged witches and allowed repayments to their families. In 1711, Carriers family got 7 pounds and 6 shillings as reward for her conviction. In any case, sharpness waited inside and outside the networks. The clear and excruciating heritage of the Salem witch preliminaries has suffered for quite a long time as a horrendous case of bogus observer. Noted writer Arthur Miller performed the occasions of 1692 in his 1953 Tony Award-winning play â€Å"The Crucible,† utilizing the preliminaries as a moral story for the counter Communist â€Å"witch hunts† drove by Sen. Joseph McCarthy in the 1950s. Mill operator himself was up to speed in McCarthys net, likely in view of his play. Sources Salem Witch Trials Timeline. ThoughtCo.The Salem Witch Trials Victims: Who Were They? HistoryofMassachusetts.org.Salem Witch Trials. History.com.Salem Witchcraft Trials. WomensHistoryBlog.com.

The Indisputable Truth About Essay Samples of Compare and Contrast That No One Is Telling You

The Indisputable Truth About Essay Samples of Compare and Contrast That No One Is Telling You The One Thing to Do for Essay Samples of Compare and Contrast The essay needs to have a point. You are going to want to develop a thesis after brainstorming as a way to determine what the crux of your paper will be. Writing an essay isn't only collecting the different details. It's possible to use any as the subject of your essay especially whenever you're not assigned any specific theme. The thesis statement stipulates the principal point of or ideas in your essay. When it can be less difficult to write on a well-known topic, with a little research and organization, a writer can make an essay on a number of subject areas if assigned. When it has to do with writing an essay, you must deal with an appropriate structure. Writing an excellent essay might be a bit of cake if you're feeling inspired. You may use the suggested topics as inspiration for your own, or you could simply opt to write about one you enjoy the most. Following that, you can't locate a best topic. The topics you'll find here require a distinctive approach as you attempt to develop useful and accurate content. In the event the topic you're working with is exciting for you, we're sure it is completely simple to work with this. It is possible to also order a fully written compare and contrast essay and alleviate the quantity of work you need to do. If you choose to ask a question, don't neglect to hint at the answer within the next portion of your paper. You also know how to discover sources and the ideal kind to utilize in your paper to allow it to be relevant and interesting. The thesis of your compare and contrast essay is crucial as it assists you to make a focused argument and provide your readers a road map so they don't get lost in the ocean of points that you are just about to make. The names of the things are listed throughout the top. To begin with, you must discover a basis of comparison to be sure the 2 things have enough in common. A point-by-point list can help you maintain balance. Make a list of all things you'll be able to write and then select a couple that you believe are the absolute most important. Understanding Essay Samples of Compare and Contrast It's common to be assigned to compose essays in every area of study, not just when taking a composition program. Needless to say, writing is among the top learning programs in any significant scho ol institution. The topic for a compare and contrast essay will probably be set by the topic or course a student is enrolled. Students who excel in writing about such complex topic might have an opportunity to be enrolled into a number of the very best Art universities to come up with their abilities and talent. After the essay requires a large number of approaches to explore, it's important to understand how to organize it correctly in an effort to guarantee easy reading. It's possible for you to attract books, movies or articles which are discussing exactly the same topic you're likely to approach in your essay. Also, consider what you would like your reader to learn. Enough practice in reading and writing will supply you with an additional advantage. Getting the Best Essay Samples of Compare and Contrast Focus is also associated with coherence. So now you understand how to pick the best compare and contrast topics and the various segments you have to address when writin g. The introduction needs to be utilised to make a general outline of the comparison research paper. It has three key elements. The Most Popular Essay Samples of Compare and Contrast A strong essay is going to have an opening paragraph that comes with a thesis statement and a concluding paragraph. You would like to synthesize your thesis with the info in your body paragraphs. It is possible to restate your thesis statement and point out a number of the arguments used over the full essay that backs it up. Now the thesis statement can be produced, and the particular details can grow to be the paragraphs. Keep in mind, though you might not be crafting the upcoming great novel, you are trying to leave an enduring impression on the folks evaluating your essay. Just utilize whatever you can remember from the subject you're working with. Or you're risking of getting blocked by bad understanding of your topic and inability to come up with the idea as it needs to be. To begin wit h, you need to remember that picking a subject is no simple work. It is possible to even begin to sketch a few similarities and differences between this issue you brainstormed so you have a notion on how complicated it is going to be to compose the essay. Simply create two overlapping circles, one for each one of the topics that you're comparing. Some essays might just speak about similarities, though others may just speak about differences. A superior compare-and-contrast essay goes beyond a very simple listing of similarities and differences to earn a meaningful statement about a bigger topic.

What Is Cognitive Bias Definition and Examples

A cognitive bias is a systematic error in thinking that impacts ones choices and judgments. The concept of cognitive bias was first proposed by Amos Tversky and Daniel Kahneman in a 1974 article in Science. Since then, researchers have identified and studied numerous types of cognitive biases. These biases influence our perception of the world and can lead us to poor decision-making. Key Takeaways: Cognitive Bias Cognitive biases increase our mental efficiency by enabling us to make quick decisions without any conscious deliberation.However, cognitive biases can also distort our thinking, leading to poor decision-making and false judgments.Three common cognitive biases are fundamental attribution error, hindsight bias, and confirmation bias. Causes of Cognitive Bias As humans, we generally believe ourselves to be rational and aware. However, our minds often respond to the world automatically and without our awareness. When the situation demands it, we are able to put mental effort into making decisions, but much of our thinking takes place outside of conscious control. In his book Thinking Fast and Slow, Nobel Prize winning psychologist Daniel Kahneman refers to these two types of thinking as System 1 and System 2. System 1 is fast and intuitive, relying on mental shortcuts in thinking—called heuristics—to navigate the world more efficiently. By contrast, System 2 is slow, introducing deliberation and logic into our thinking. Both systems impact how we make judgments, but System 1 is in charge a majority of the time. We unconsciously prefer System 1 because it is applied effortlessly. System 1 includes preferences we are born with, like our desire to avoid losses and run from snakes, and associations we learn, like the answers to simple math equations (quick: what’s 22?) and the ability to read. Meanwhile, System 2 requires attention in order to work, and attention is a limited resource. Thus, the deliberate, slow thinking of System 2 is only deployed when were paying attention to a specific problem. If our attention is drawn to something else, System 2 is disrupted.   Are Cognitive Biases Rational or Irrational? It may seem irrational that we rely so heavily on System 1 in our thinking, but as it turns out, the preference has a logical explanation. If we had to carefully examine our options every time we made a decision, we would quickly become overwhelmed. Need an example? Imagine the mental overload of deliberately weighing the pros and cons of each potential route to work every single day. Using mental shortcuts to make these decisions enables us to act quickly. Sacrificing logic for speed helps us cut through the complexities and the wealth of information inundating us on a daily basis, making life more efficient. For example, lets say youre walking home alone at night and suddenly hear a strange sound behind you. A cognitive bias may cause you to believe the noise is a sign of danger. As a result, you’ll quicken your pace so that you can get home as soon as possible. Of course, the noise may not have come from someone who means to harm you. It may have been a stray cat rummaging in a nearby trash can. However, by using a mental shortcut to quickly come to a conclusion, you may have stayed out of danger. In this way, our reliance on cognitive biases to navigate through life can be adaptive. On the other hand, our cognitive biases can get us into trouble. They sometimes result in distorted  thinking that negatively impacts the choices and judgments we make. Cognitive biases also lead to stereotyping, which can become ingrained from our exposure to our culture’s biases and prejudices towards different races, religions, socioeconomic statuses, and other groups. Personal motivations, social influence, emotions, and differences in our information processing capacities can all cause cognitive biases and influence how they manifest themselves. Examples of Cognitive Biases Cognitive biases impact us in many areas of life, including social situations, memory recall, what we believe, and our behavior. They have been used in disciplines like economics and marketing to explain why people do what they do as well as to predict and influence people’s behavior. Take the following three cognitive biases as examples. Fundamental Attribution Error The fundamental attribution error, also known as the correspondence bias, is the general tendency to attribute another individual’s behavior to their personality and internal traits rather than the situation or external factors. It is considered a bias of social judgment. For example, a series of studies showed that people attribute the actions of a TV character to the personality traits of the actor playing the character. This happened despite the fact that the participants were aware that the behavior of the actors was dictated by a script. Numerous studies have demonstrated this tendency to believe that whatever behavior an individual exhibits arises from their individual characteristics, even when knowledge of the situation should indicate otherwise. Hindsight Bias Hindsight bias, or the â€Å"I-knew-it-all-along† effect, leads us to believe that we could have correctly predicted the outcome of past events after weve learned what the outcome was. It is a bias of memory in which people incorrectly believe they knew the outcome of an event all along even though they didnt. They believe they remember correctly predicting the outcome, so they also believe that their memories are consistent over time. This bias makes it difficult to properly evaluate a decision, as people will focus on the outcome and not the logic of the decision-making process itself. For example, if an individual’s favorite team wins a big game, they may claim they knew the team would win, even if they were uncertain before the game. Confirmation Bias Confirmation bias is a bias of belief in which people tend to seek out, interpret, and recall information in a way that confirms their preconceived notions and ideas. In other words, people attempt to preserve their existing beliefs by paying attention to information that confirms those beliefs and discounting information that could challenge them. Confirmation bias can be seen in action in many facets of life, including what political policies one champions and whether one believes in a specific scientific explanation for phenomena like climate change or vaccines. Confirmation bias is one reason it’s so challenging to have a logical discussion about polarizing hot-button issues. Sources Aronson, Elliot. The Social Animal. 10th ed., Worth Publishers, 2008.Cherry, Kendra. â€Å"Confirmation Bias.† VeryWell Mind, 15 October 2018. https://www.verywellmind.com/what-is-a-confirmation-bias-2795024Cherry, Kendra. â€Å"How Cognitive Biases Influence How You Think and Act.† VeryWell Mind, 8 October 2018.https://www.verywellmind.com/what-is-a-cognitive-bias-2794963Kahneman, Daniel. Thinking Fast and Slow. Farrar, Straus and Giroux, 2011.Tal-Or, Nurit, and Yael Papirman. â€Å"The Fundamental Attribution Error in Attributing Fictional Figures’ Characteristics to the Actors.† Media Psychology, vol. 9, no. 2, 2007, p. 331-345. https://doi.org/10.1080/15213260701286049Tversky, Almos, and Daniel Kahneman, â€Å"Judgment Under Uncertainty: Heuristics and Biases.† Science, vol. 185, no. 4157, 1974, pp. 1124-1131. doi: 10.1126/science.185.4157.1124

Delaware River Pollution And Its Effects - 1058 Words

Imagine an Earth devoid of clean rivers with no inland marine life or readily available freshwater. This situation may arise if humanity does not volunteer to end its polluting tendencies. Initially, each individual should focus on taking steps towards decontaminating his or her nearest water body. For those living in Delaware, this is the Delaware River, which is in need of drastic reform. â€Å"The Delaware River . . . is the fifth most-polluted river in the country, according to a report released . . . by Environment New Jersey† (Augenstein). However, this obstacle did not arise spontaneously. A recognized problem by the early eighteenth century, Delaware River pollution remained a serious issue for the next 300 years and mostly stemmed from rapid population growth and booming industrial activities (â€Å"Delaware River Water Quality†). As the years progressed, Delawareans continuously disregarded the Delaware River, and it is now immensely besmirched as a result o f accumulating neglect for the river. Because of this, Delaware waters continued to befoul past the threshold of safety. Delaware waterways are currently unsafe for commercial use due to the presence of pollutants and parasites like Giardia and Cryptosporidium in the river that can cause significant health problems, especially in individuals with weakened immune systems (â€Å"Delaware†). The polluted Delaware River, sullied by companies despite the Clean Water Act, may cause a decline in Delaware’s’ marine life, humanShow MoreRelatedThe State Of Delaware River Pollution1243 Words   |  5 Pagesdecontaminating his or her nearest water body. 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Financial Management of Corporate Governance - MyAssignmenthelp.com

Question: Discuss about the Financial Management of Corporate Governance. Answer: 718 Geelong Street, Melbourne, VIC 3000 15 January 2018 Christopher Sampson Managing Director, Beachlife Ltd Level 7, 927 William Street, Brisbane QLD-4000 Dear Christopher Sampson Relevant email was transmitted on 13 November 2017, which indicated the problems faced by Beachlife Limited in forming their annual report. The email sent to Magenta and Associates mainly addressed the accounting issues faced by the management of Beachlife Limited. Nevertheless, in response to the email the following letter is being outlined, which directs all the relevant problems and accounting issues faced by the organization. The measures and standards needed for comprehending the accounting issues adequately discussed in the letter, which could allow the board to correctly prepare its financial report. On behalf of Magenta and Associates I wholeheartedly thank you for providing us with an opportunity to help with your accounting issues. Rest assured the measures and adjustment that is needed for nullifying the accounting issue are adequately depicted in the letter. Furthermore, adequate references and sources are provided with the advice that is given for contemplating the accou nting issue. Beachlife Limited is a public limited company, who needs to follow all the relevant AASB standard and regulations laid in Corporation Act 2001. The clauses and sections need to be maintained by the organization while preparing the annual report, as it might help in depicting their actual financial position. Regulations such as section 292, section 296, and section 334 are mainly used in drafting the annual report (Aasb.gov.au 2018). Organizations use the detected regulations to formulate their annual report according to the standard maintained by the AASB and IAS. Lastly, it could be said that the advice provided in Beachlife Limited is compliant with AASB standard, which could allow the organization to complete their annual report. The measures are provided for issues regarding the warranty expense and future loss that will be incurred by the organization. Identifying the overall measures needed to solve the accounting issue regarding infringement claim: The first accounting issue addressed in the email was regarding problems relating to patent case, where the company needs to pay compensation to the accuser. However, the problems in recording of loss that will be incurred by the company due to the infringement patent act is adequately solved. Beachlife Limited could use contingency liability in their annual report to record the overall loss, which will incur in immediate future. The measure taken with contingency liability section is mainly addressed in AASB 137 paragraph 10 (Aasb.gov.au 2018). The treatment of contingency liability mentioned under paragraph 10 addressed that any kind of loss, which will incur in future due to past actions needs to be recorded in contingency liability section. This section directly addresses the accounting issue of recording any kind of future losses incurred by the organization in future. The contingency liability section mainly comes under balance sheet section of the organization under the liabil ity section. Therefore, the board could use the contingency liability section mentioned in AASB 137 for addressing the accounting issue faced by Beachlife limited (Adhariani, Sciulli and Clift 2017). Particulars Value Probability 1st chance $ 50,000,000 60% 2nd chance $ 30,000,000 40% 3rd chance $ 87,000,000 30% The above table mainly identifies the overall probability and chance of loss occurrence from the court ruling against Beachlife limited. There are 3 probabilities with different percentage, where the company could incur loss. The highest probability is 60%, where the company will incur loss of $ 50,000,000, which needs to be listed in the contingency liability section. The other probability is also an option, where the company could incur different amounts of loss. However, the highest chance of probability occurrence needs to be taken into consideration, as there is highest likelihood the loss, which might incur by the organisation (Ball, Tyler and Wells 2015). In addition, the contingency liability section of Beachlife limited should include $ 50,000,000 for the probable loss, which might incur from infringement patent case. Consequently, the board of Beachlife limited could utilise the information related to AASB 137 paragraph 10 for addressing their accounting issue. This could eventually help in formulating the correct annual report, which represents actual financial position of the organisation. For any further queries on contingency liability section and related standard please feel free to contact Magenta and Associates. Therefore, the board could utilise contingency liability section of AASB and increase their liability section in balance sheet by $ 50,000,000. Identifying the measures used in solving the issue regarding warranty and sale record: The second issue that is faced by the organization is problems related to warranty expenses and record of sales in the current fiscal year. The main issue is regarding listing of warranty expense in the annual report, which is needed to be provided by the company in the current fiscal year and extends to next fiscal year. Relevant provision needs to be conducted by the company to depict their actual financial position in the annual report. According to AASB 137, the expenses that will be conducted in future by the actions taken in past needs to be enlisted under contingency liability section. Moreover, under AASB 137 Paragraph 14(a), the overall expenses that needs to be conducted by the company in near future must be enlisted under contingency liability section of the balance sheet (Aasb.gov.au 2018). Furthermore, the board could utilize the measure conducted by AASB for enlisting he warranty expense that needs to be incurred by the company (Hudson 2016). The problems related to rec oding of sales in annual report also needs to be addressed, where AASB 118 paragraph 9 could be utilized. According to AASB 118 paragraph 9, companies need to recognize their sales conducted during the fiscal year in the annual report (Aasb. Gov. au 2018). The happening of sales conducted in December 2017 needs to be immortalized in the current financial year, which could assist in drafting actual financial position of Beachlife limited. The relevant revenue recognition method is mainly enlisted in AASB 118 paragraph 9, which directly help in stating the actual financial position of the organization. In addition, AASB 118 also states that credit sales are entered during the occurrence regardless of the actual payment conducted by the customer (Jones 2017). Hence, the board of Beachlife limited could enlist the sales figure of $180,000 in the revenue section under the provision of AASB 118 paragraph 9. On the other hand, the contingency liability section of the company under the provision of AASB 137 paragraph 14 (a) could allow the expenses of $15,000 as warranty expense in their yearly report. These above depicted measures for the accounting issue could eventually allow Beachlife limited to accurately develop the yearly report and portray their real financial situation. All the relevant information is divulged in the missive, which could permit the board of Beachlife limited to solve the accounting issue faced in preparing their yearly report. The standards presented by Magenta and Associates adequately comply with all the AASB standard and is accepted by accounting board. The board could utilise the information for nullifying the accounting issues and present accurate financial position in their annual report. Hence, all the accounting issues listed the email sent on 13 November 2017 is adequately addressed. I also guarantee you that any kind of further details needed by the board of Beachlife limited can be provided by Magenta and Associates. We are looking forward for future communication between our administration. Regards Lisa Magenta Manager Magenta and Associates 718 Geelong Street, Melbourne, VIC 3000 Reference: AASB, C.A.S., 2014. Business Combinations.Disclosure,66, p.77. Aasb.gov.au. (2018). 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