Whittington Audit Chapter 17 Solutions Manual

October 11, 2022 | Author: Anonymous | Category: N/A

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Dmgptjr 7; - Guìtars' Rjparts

DMGVPJR 7;

Guìtars' Rjparts

Rjvijw Wujstians

7;—7

Pmj sj sjdtians dtians ae tmj tmj stgn`gr` guìt rjpart rjpart ear g nanpubci nanpubcidd dalpgny dalpgny grj8 (7) intraùdt intraùdtary ary sjdtian sjdtian (wmidm (wmidm àjs nat mgvj g sjdtian titcj), (2) lgngkjljnt’s rjspansibicity ear tmj eingndigc stgtjljnts, (4) guìtar’s rjspansibicity, gn` (0) apinian.

7;—2

Pmj eund eundtian tian ae nat natjs js ta ei eingndigc ngndigc stgtjljnts stgtjljnts is ta ta pravi`j pravi`j g`jqugtj g`jqugtj ìsdcasurj ìsdcasurj wmjn wmjn inearlgtian inearlgtian in in tmj eingndigc stgtjljnts is insueeidijnt ta gttgin tmis abhjdtivj.

7;—4

Pmj prilgry ìeejrjndjs grj tmgt tmj VDGAB rjpart (4 rjquirj`)8 Indcu`js tmj war`s "Rjkistjrj`" in tmj titcj. Rjejrjndjs stgn`gr`s ae tmj VDGAB rgtmjr tmgn kjnjrgccy gddjptj` guìtink stgn`gr`s. Indcu`js cjss `jtgicj` ìsdussians ae lgngkjljnt gn` guìtar rjspansibicitijs. Indcu`js gn g`ìtiangc pgrgkrgpm inìdgtink tmgt tmj guìtars mgvj gcsa issuj` g rjpart an tmj dcijnt's intjrngc dantrac avjr eingndigc rjpartink. @ajs nat indcu`j sjdtian titcjs. • •

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7;—0

7;—:

@isgkrjj. [micj [micj KGGV is g erjqujnt erjqujntcy cy usj` eingndigc eingndigc rjp rjpartink artink ergljwaro, ergljwaro, KGGT KGGT is g sjt ae ae guìtink guìtink stgn`gr`s, nat g eingndigc rjpartink ergljwaro. Pmj typ typjs ae ae unlaìeij` gn` laìeij` apinians indcu`j8 (7 (7)) (2) (4 (4)) (0) (:) (5) (;)

Znlaìeij` a ap pinian ‐st ‐stgn gn` `gr gr` `. Znla Znlaì ìei eij` j` apin apinia ian n wi witm tm gn jl jlpm pmgsi gsiss-ae ae-l -lgtt gttjr jr pgrgkrg pgrgkrgpm. pm. Znla Znlaì ìei eij` j` apin apinia ian nw wit itm m gn atmj atmjrr-lg lgtt ttjr jr pg pgrgk rgkrgp rgpm. m. Znla Znlaìe ìeij` ij` apinia apinian n witm witm ìvi ìvi`j `j` ` rjspans rjspansibi ibicit city y an an kraup kraup eingndi eingndigc gc stgtjl stgtjljnts jnts.. Wugcieij` apinian. G`vjrsj apinian. @isdcgiljr ae ae ap apinian.

7;—5

Pmj rjp rjpart art smauc` smauc` bj `gtj` gs ae tmj tmj `gtj Krjjn abtginj` abtginj` sueeidi sueeidijnt jnt gppraprigtj guìt guìt jvi`jnd jvi`jndjj tta a suppart tmj apinian, Ejbrugry 26. (Pmj eingndigc stgtjljnts gn` tmj rjvijw ae tmj guìt batm lust bj dalpcjtj`.)

7;—;

Na. Rjejrjndj Rjejrjndj ta g dalpanjnt dalpanjnt guìtar in g kraup guìt rjpart, in itsjce, àjs nat rjprjsjnt g qugcieidgtian. Rgtmjr, tmis earl ae apinian ljrjcy ìvi`js ìvi`js tmj guìtars' avjrgcc rjspansibicity ear tmj jnkgkjljnt bjtwjjn twa ar larj DVG eirls. Natj, mawjvjr, tmgt egdtars atmjr tmgn tmj ìvisian ae rjspansibicity lgy cjg` ta g qugcieij` rjpart (i.j., `jpgrturjs eral KGGV gn` sdapj cilitgtians).

7;-7 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

7;—=

Pmj wa warìnk rìnk ae g rjpart witm witm gn unla` unlaìeij` ieij` apinian apinian likmt likmt `jpgrt eral tmj warìnk warìnk ae tmj stgn`gr` rjpart wmjn (ancy tmrjj rjquirj`) Tubstgntigc àubt gbaut gn jntity’s gbicity ta dantinuj gs g kaink dandjrn jxists. Vrindipcjs ae gddauntink mgvj nat bjjn dansistjntcy gppcij` in rjcgtian ta tmj priar yjgr. Pmj guìtars wism ta jlpmgsizj salj lgttjr in tmj eingndigc stgtjljnts (j.k., siknieidgnt rjcgtj` pgrty trgnsgdtians, siknieidgnt jvjnts, undjrtgintijs). G kraup guìtar lgojs rjejrjndj ta g dalpanjnt guìtar. •

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7;—9

Pmj gu` guìt it rjpart smauc` smauc` indcu`j indcu`j gn jlpmgsis-a jlpmgsis-ae-lgtt e-lgttjr jr sjdtian sjdtian tmgt tmgt `jsdribjs `jsdribjs tmj dmgnkj gn` lgojs lgojs rjejrjndj ta tmj eingndigc stgtjljnt natj jxpcginink tmj ngturj ae gn` hustieidgtian ear tmj dmgnkj in tmj ljtma` ae vgcuink tmj invjntarijs gn` tmj jeejdt ae sudm dmgnkj upan tmj eingndigc stgtjljnts.

7;—76 Pmj twa dirdulstgndjs dirdulstgndjs rjsuctink rjsuctink in laìeij laìeij` ` apinians apinians grj (g) lgtjrigccy l lisstgtj` isstgtj` eingndigc eingndigc stgtjljnts stgtjljnts (g –`jpgrturj eral KGGV“) gn` (b) ingbicity ta abtgin sueeidijnt gppraprigtj guìt jvi`jndj (g –sdapj cilitgtian“). 7;—77 Pmj stgtjljnt stgtjljnt is indarrjdt. indarrjdt. Ie tmj lisstgtjl lisstgtjljnt jnt is illgtjrigc, illgtjrigc, gn unlaìei unlaìeij` j` apinian apinian lgy bj issuj`. Ie it is lgtjrigc, tmj guìtars issuj jitmjr g qugcieij` apinian ar gn g`vjrsj apinian `jpjnìnk upan wmjtmjr tmjy bjcijvj tmj lisstgtjljnt is pjrvgsivj. 7;—72 Jeejdts ae lisstgtjljnts lisstgtjljnts bjdalj pjrvgsivj wmjn, in tmj guìtar’s hu`kljnt, tmjy ljjt ljjt anj ar larj ae tmj eaccawink tmrjj dritjrig8 • •

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Pmjy grj nat daneinj` ta spjdieid jcjljnts, gddaunts, ar itjls ae tmj eingndigc stgtjljnts? Ie daneinj`, tmjy rjprjsjnt ar dauc` rjprjsjnt g substgntigc prapartian ae tmj eingndigc stgtjljnts? ar In rjcgtian ta ìsdcasurjs, tmjy grj eun`gljntgc ta usjrs’ un`jrstgnìnk ae tmj eingndigc stgtjljnts.

7;—74 G dcijn dcijntt dgn gvai` gn apinian apinian qugcieij` qugcieij` bjdgusj bjdgusj ae ing`jqugtj ing`jqugtj ìsdcasurj ìsdcasurj ljrjcy by lgoink lgoink tmj gppraprigtj ìsdcasurj in tmj eingndigc stgtjljnts. 7;—70 In sudm g dirdulstgndj dirdulstgndj g Bgsis ear Wugcieij` Apinian Apinian sjdtian sjdtian is g``j` ta ta tmj rjpart gn` tmj apinia apinian n pgrgkrgpm is laìeij`. laìeij`. 7;—7: Tindj tmj guìtars mgvj nat nat bjjn gbcj ta earl gn apinian apinian an an tmj eingndigc eingndigc stgtjljnts stgtjljnts tgojn gs g wmacj, wmacj, tmjy lust ìsdcgil gn apinian. Mawjvjr, tmjy smauc` sjt eartm tmjir rjsjrvgtians gbaut tmj gddauntink trjgtljnt ae tmj `jejrrj` indalj tgxjs in gn jxpcgngtary pgrgkrgpm ta tmjir ìsdcgiljr. 7;—75 Arìngricy, g`vjrsj apinians apinians à tmj dcijnt dcijnt na kaa`. Vrjsulgbcy, drjìtars gn` stadomac`jrs wauc` nat pravi`jj `jbt ar jquity dgpitgc gn`, ie tmj dcijnt is un`jr TJD pravi` TJD hurisìdtian, hurisìdtian, tmj TJD likmt likmt cgundm cgundm gn invjstikgtian ae lgngkjljnt ear viacgtians ae tmj ej`jrgc sjduritijs gdts. Pmus, tmj dcijnt usugccy wicc lgoj wmgtjvjr dmgnkjs in tmj eingndigc stgtjljnts tmgt tmj guìtars rjquirj in ar`jr ta gvai` rjdjivink gn g`vjrsj apinian. In egdt, in tmj ejw dgsjs in w wmidm midm tmj dcijnt gn` its guìtars dgnnat gkrjj, tmj dcijnt wauc` prabgbcy ìsdmgrkj tmj guìtars instjg` ae mgvink tmjl dalpcjtj gn guìt tmgt duclingtjs in gn g`vjrsj apinian. 7;—7; Pmj stgtjljnt stgtjljnt is is nat darrjdt. G bgsis ear laìei laìeidgtian dgtian pgrgkrgpm is ae tmrjj passibcj passibcj typjs8 typjs8 (7) bgsis ear qugcieij` apinian pgrgkrgpm, (2) bgsis ear g`vjrsj apinian pgrgkrgpm, gn` (4) bgsis ear ìsdcgiljr ae apinian pgrgkrgpm. pgrgk rgpm. [micj KGGT (gn` intjrngtiangc stgn`gr`s) rjejr ta g bgsis ear laìeidgtian pgrgkrgpm, tmgt tjrl is nat usj` usj` in gn guì guìtt rjpart‐anj ae tmj tmrjj tmrjj larj larj `jsdriptivj `jsdriptivj tjrls is usj` usj` wmjn gn guìt apinian is laìeij`. 7;—7= Yjs js.. Jgdm yjgr’s eingndigc eingndigc stgtjljnts stgtjljnts "stgn` "stgn` gcanj." gcanj." Pmus, tmj DVGs DVGs lgy issuj issuj ìeejrjn ìeejrjntt typjs typjs ae apinians an tmj eingndigc stgtjljnts ae suddjssivj yjgrs wmjn rjpartink an dalpgrgtivj stgtjljnts. 7;-2 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

7;—79 Yjs js.. [mjn rjpartink an an dalpgrgtivj dalpgrgtivj stgtjljnts, stgtjljnts, DVGs DVGs smauc` up`gtj tmjir tmjir rjpart an tmj priar yjgr's stgtjljnts ta `jtjrlinj wmjtmjr it is sticc tmj prapjr typj ae rjpart ta gddalpgny tmasj stgtjljnts. Ear jxglpcj, g `jpgrturj eral KGGV tmgt jxistj` cgst yjgr, rjsuctink in g rjpart qugcieidgtian, likmt mgvj bjjn darrjdtj`. In tmis dgsj, dgsj, it is gppraprigtj ear tmj guìtars guìtars ta rjvisj rjvisj tmjir tmjir rjpart an tmj tmj priar yjgr's yjgr's stgtjljnts ta g stgn`gr` unqugcieij` rjpart. 7;—26 Pmj rjparts dantginink dantginink guìtj` eingndigc eingndigc stgtjlj stgtjljnts nts eicj` eicj` by g dalpgny subhjdt ta tmj rjpartink rjpartink rjquirjljnts ae tmj TJD lgy indcu`j8 Earls T-c  tmraukm tmraukm T-77. Pmjsj grj tmj "rjkistrgtian stgtjljnts" ear dcijnts pcgnnink ta issuj sjduritijs ta tmj pubcid? tmjy grj gddalpgnij` by dalpgrgtivj guìtj` eingndigc stgtjljnts. Earls TB-7 gn` TB-2. Pmjsj earls grj larj silpcieij` rjkistrgtian earls ear slgcc businjssjs. Earl =-O . G rjpart eicj` upan tmj addurrjndj ae ae g spjdieij` siknieidgnt jv jvjnt. jnt. Ie tmj jvjnt is g siknieidgnt gdquisitian ar ìspasgc ae gssjts, Earl =-O  wicc wicc bj gddalpgnij` witm pra earlg eingndigc inearlgtian. Gn =-O rjpart is usj` ta rjpart g dmgnkj in guìtars. Earl 76-W. Pmis earl indcu`js qugrtjrcy eingndigc stgtjljnts rjvijwj` by tmj dalpgny’s guìtars. Earl 76-O . Pmis rjpart is eicj` gnnugccy by pubcidcy awnj` dalpgnijs gn` indcu`js guìtj` eingndigc stgtjljnts, rjparts an intjrngc dantrac avjr eingndigc rjpartink, gn` atmjr `jtgicj` eingndigc inearlgtian. Wujstians Rjquirink Rj quirink Gngcysis Gngcysis

7;—27

(2)

(4)

(7)

b.

(2) (4)

(0)

7;—22

g. (7) Pmj eirst eirst ssjn jntj tjnd ndjj ae tm tmjj stgtjl stgtjljn jntt is is pgrt pgrtigc igccy cy tru truj. j. It is is ilp ilpart artgnt gnt ta rjg` tmj natjs ta eingndigc stgtjljnts bjdgusj tmjy pravi`j ilpartgnt suppcjljntgry inearlgtian. Natjs Natjs aetjn aetjn pjrtgin pjrtgin ta dalpcj dalpcjx x lgttjrs lgttjrs gn` grj prjsjnt prjsjntj` j` in tjdmnid tjdmnidgc gc cgnkugkj cgnkugkj.. Djrtgincy it lust bj gdonawcj`kj` tmgt saljtiljs tmjy dauc` bj prjsjntj` in g dcjgrjr earl. Pa tmj jxtjnt jxtjnt tmj natjs natjs suppc suppcjl jljnt jnt ìsdca ìsdcasurj surjss in tmj ba`y ba`y ae ae tmj tmj ei eingnd ngndigc igc stgtj stgtjlj ljnts, nts, tmjy dauc` rjùdj tmj guìtars' jxpasurj ta tmir`-pgrty cigbicity. Pmj ìsdcasurj lust bj suppcjljntgry, nat dantrgìdtary.

Pmj sj sjda dan` n` stg stgtj tjlj ljnt nt is is wran wrank k in gss gssjrt jrtin ink k tmgt tmgt tmj tmj na natj tjss dgn dgn bj us usj` j` ta ta

darrjdt ar dantrgìdt eingndigc stgtjljnt prjsjntgtian. Natjs grj gn intjkrgc intjkrgc pgrt ae tmj eingndigc stgtjljnts. Ie tmjrj is dantrgìdtian ar ie tmj prjsjntgtian is indalprjmjnsibcj, tmis danstitutjs ing`jqugtj rjpartink gn` rjquirjs qugcieidgtian ae tmj guìt rjpart. Pmj stg stgtj tjlj ljnt nt egic egicss ta rrjda jdakn kniz izjj tmgt tmgt wmi wmicj cj tm tmjrj jrj is g njj njj` ` ear ear gddur gddurgdy gdy gn` gn` dalpcjtjnjss, tmasj natjs smauc` gcsa bj dalprjmjnsibcj. Pmj stgtjlj stgtjljnt nt indarrj indarrjdtcy dtcy gssikns gssikns lgngkj lgngkjlj ljnt' nt'ss prilgr prilgry y rrjsp jspans ansibi ibicit city y ear tmj eingndigc stgtjljnts gn` natjs ta tmj guìtars. Pmj guìtars' rjcgtiansmip ta tmj natjs natjs is tmj sglj gs tmjir rjcgtiansmip ta tmj bgcgndj smjjt gn` atmjr eingndigc stgtjljnts? tmjir gdtians grj kavjrnj` by tmj sglj rjpartink rjspansibicitijs gn` cigbicitijs ta intjrjstj` pgrtijs. Bjdgusj Bjdgusj natjs natjs grj prjpgrj prjpgrj` ` by by lgngk lgngkjl jljnt jnt,, tmj tmj guì guìtars tars dgnn dgnnat at dantrac dantrac tmjir tmjir ddant antjnt jnt.. Atmjr g`visjrs, j.k., cjkgc daunsjc, wicc inecujndj tmj warìnk ae natjs. Pmj guìtars prapjrcy smauc` rjdalljn` rjdalljn` ilpravjlj ilpravjljnts nts in prjsjntgtian, prjsjntgtian, but tmjy wicc la` laìey iey tmjir tmjir rjpart’s apinian ancy ie ìsdcasurj is ing`jqugtj ar sa undcjgr gs ta bj liscjgìnk.

g. Pmj kraup guìtars grj nat rjquirj` ta lgoj rjejrjndj ta tmj dalpanjnt guìtars. Lgoink rjejrjndj rjej rjndj ljrjcy ìvi`js tmj guìtars' daccjdtivj rjspansibicity ear tmj jnkgkjljnt 7;-4

© 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

bjtwjjn tmj twa DVG bjtwjjn DVG eirls. Ie tmj kraup kraup guìtars grj wiccink wiccink ta gssulj eucc eucc rjspansibic rjspansibicity ity ear tmj jnkgkjljnt (wmidm tmjy aetjn wicc à ie tmjy rjtginj` rjtg inj` tmj dalpanjnt guìtars), tmjy njj` lgoj na rjejrjndj ta tmj atmjr guìtars in tmjir rjpart. Natj, mawjvjr, gs is ìsdussj` in tmj dmgptjr, wmjn na rjejrjndj is lg`j tmj kraup guìtars lust pjrearl g`ìtiangc guìt pradjùrjs, pradjùrj s, tmj sdapj sdapj ae wmidm wmidm is bgsj` bgsj` upan tmj siknieidg siknieidgndj ndj ae ae tmj subsiìgry subsiìgry guìtj` guìtj` by tmj tmj dalpanjnt guìtars. b.

Gctmaukm Hanjs & Gbbat issuj` g qugcieij` rjpart an tmj Dgngìgn subsiìgry, Rawj & Lyjrs à nat njdjssgricy njdjssgricy mgvj ta qugciey tmjir rjpart. Rawj & Lyjrs wicc jjvgcugtj vgcugtj issujs in cikmt a aee wmgt is lgtjrigc ta tmj dansaci`gtj` jntity, wmjrjgs Hanjs & Gbbat jvgcugtj` tmjl in rjcgtian ta wmgt wgs lgtjrigc ear tmj Dgngìgn subsiìgry. subsiìg ry. Gs tmj dansaci`gtj` jntity is cgrkjr tmgn tmj subsiìgry, tmj prabcjl gt tmj subsiìgry lgy bj illgtjrigc ta @unbgr Jcjdtranids.

[mjn g dalpanjnt guìtar jxists, tmj kraup jnkgkjljnt pgrtnjr smauc` `jtjrlinj wmjtmjr sueeidijnt gppraprigtj guìt jvi`jndj dgn rjgsangbcy bj jxpjdtj` ta bj abtginj` rjkgrìnk rjkgrìnk tmj dansaci`gtian dansaci`gtian pradjss gn` tmj eingndi eingndigc gc inearlgtian inearlgtian an tmj dalpanjnts. In g`ìtian, g`ìtian, tmj kraup guìtar smauc` abtgin gn un`jrstgnìnk un`jrstgnìnk ae [mjtmjr tmj dalpanjnt guìtar is dalpjtjnt gn` un`jrstgn`s gn` wicc dalpcy witm gcc jtmidgc rjquirjljnts, pgrtiducgrcy in`jpjn`jndj. Pmj jxtjnt ta wmidm tmj kraup jnkgkjljnt tjgl wicc bj invacvj` witm tmj dalpanjnt guìtar. [mjtmjr tmj kraup jnkgkjljnt tjgl wicc bj gbcj ta abtgin njdjssgry inearlgtian an tmj dansaci`gtian pradjss eral tmj dalpanjnt guìtar. [mjtmjr tmj dalpanjnt guìtar apjrgtjs in g rjkucgtary jnviranljnt tmgt gdtivjcy avjrsjjs guìtars.

7;—24

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7;—20

Ie Lidmgjcs `jdi`js ta lgoj rjejrjndj ta tmj guìt ae Pmalgs, Lidmgjcs' rjpart smauc` inìdgtj dcjgrcy, in tmj guìtar’s rjspansibicity sjdtian ae tmj guìt rjpart tmj ìvisian ae rjspansibicity bjtwjjn bjtwjj n tmgt partian partian ae tmj tmj eingndigc eingndigc stgtjljnts stgtjljnts davjrj` davjrj` by Lidmgjcs' Lidmgjcs' guìt gn` tmgt davjrj` davjrj` by tmj guìt ae Pmalgs. Pmalgs. In tmj apinian apinian pgrgkrgpm, pgrgkrgpm , getjr –In –I n aur apinian,“ tmj eaccawink smauc` bj g``j` –bgsj` an aur guìt gn` tmj rjpart ae tmj atmjr guìtars.“ g. Inearlgtian dantrgry ta gn gssulptian tmgt g dcijnt wicc rjlgin g kaink dandjrn usugccy rjcgtjs ta tmj dalpgny's gbicity ta ljjt ljjt its eingndigc abcikgtians. Danìtians tmgt

inìdgtj sudm g prabcjl indcu`j rjdurrink apjrgtink cassjs, waroink dgpitgc `jeidijndijs, g`vjrsj eingndigc rgtias, `jegucts an cagns, gn` grrjgrgkjs grrjgrg kjs in ìvi`jn`s. Atmjr danìtians sudm gs waro stappgkjs, cjkgc lgttjrs, cjkiscgtian, gn` cass ae prindipgc dustaljrs lgy gcsa inìdgtj g qujstian gs ta g dcijnt's gbicity ta rjlgin g kaink dandjrn. b.

Getjr ìsdavjrink danìtians gn` jvjnts tmgt likmt inìdgtj substgntigc àubt gs ta wmjtmjr g eirl dgn dantinuj gs g kaink dandjrn, tmj guìtars lust abtgin gn` jvgcugtj lgngkjljnt's pcgns ear `jgcink `jgcink witm tm tmjj danìtia danìtians ns gn` jvjnts jvjnts.. Get Getjr jr rjvijwink rjvijwink tmj ejgsibicit ejgsibicity y ae lgngkjljnt's pcgns, ie tmj guìtars sticc bjcijvj tmgt tmjrj is substgntigc àubt gs ta gbicity ta dantinuj gs g kaink dandjrn, tmjy smauc` `jtjrlinj tmgt tmj lgttjrs grj prapjrcy ìsdcasj` in tmj eingndigc stgtjljnts gn` gcsa smauc` laìey tmj guìt rjpart ta rjecjdt tmgt dandcusian.

Abhjdtivj Wujstians

7;—2:

Luctipcj Dmaidj Wujstians

7;-0 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

g. (4) [m [mjn jn tmj tmj guì guìtar tarss tgoj tgoj jxdjp jxdjpti tian an ta tmj tmj gppci gppcidgt dgtia ian n ae ae gdda gddaun unti tink nk prindipcjs prindipc js in tmj tmj dcijnt's dcijnt's eingndigc eingndigc stgtjljn stgtjljnts, ts, tmjy wicc issuj jit jitmjr mjr g qugcieij` qugcieij` ar ar g`vjrsj apinian, `jpjnìnk an wmjtmjr tmj lisstgtjljnt is dansi`jrj` d ansi`jrj` pjrvgsivj. b.

(2)

Pmj guìt guìt rjpart rjpart sma smauc` uc` bj `gtj `gtj` ` na jgrcijr jgrcijr tmgn wmjn wmjn tmj guìtar guìtarss mgvj mgvj gddulucgt gddulucgtj` j` sueeidijnt gppraprigtj jvi`jndj. Pmis `gtj is aetjn tmj cgst `gy ae eijc`waro.

d.

(7) Rjej Rjejrjn rjndj dj ta tmj tmj waro waro ae ae g dalpan dalpanjnt jnt guìtar guìtar is nat, nat, in itsj itsjce, ce, g qug qugciei cieidgti dgtian an ae tmj kraup guìt rjpart. Pmis rjejrjndj àjs nat cjssjn tmj guìtars' daccjdtivj rjspansibicity. Rgtmjr, it ljrjcy ìvi`js ìvi`js tmis rjspansibicity glank twa ar larj DVG eirls.

`.

(0) Pmi Pmiss pmrgsj pmrgsj via viacgt cgtjs js tmj tmj eaur eaurtm tm stgn` stgn`gr` gr` ae ae rjpart rjpartin ink, k, bjdg bjdgus usjj it àj àjss nat nat kivj kivj tmj rjg`jr ae tmj rjpart g dcjgr-dut inìdgtian ae tmj guìtars' apinian. Pmj pmrgsj gppjgrs ta laìey tmj stgn`gr` apinian pgrgkrgpm, but is nat eardjeuc jnaukm ta danstitutj qugcieyink cgnkugkj.

j.

(7) Pmj guìtar   dallunidgtjs dallunidgtjs tmraukm tmj guìtars' rjpart, gn` tmjrjearj ancy gnswjr (7) is darrjdt. Natj tmgt tmj dcijnt  wicc wicc indcu`j g ìsdussian ae tmj rjcgtj` pgrty trgnsgdtians in g natj ta tmj eingndigc stgtjljnts.

e.

(4)

k.

(7) G dans dansis istj tjnd ndy y la` laìe ieidg idgti tian an rjsu rjsucts cts iin n gn jl jlpm pmgsi gsiss-ae ae-l -lgtt gttjr jr pgrg pgrgkrg krgpm. pm. Wugcieij` gn` g`vjrsj apinians indcu`j g bgsis ear laìeidgtian pgrgkrgpm. [mjn g rjpart rjejrs ta dalpanjnt guìtars na g`ìtiangc pgrgkrgpm is g``j`.

m.

(2) Gn guìt guìt rrjpa jpart rt ae g pubci pubcidd dcij dcijnt nt in inì ìdgt dgtjs js tmgt tmgt ttmj mj guìt guìt wgs wgs pjrea pjrearl rlj` j` in gddar`gndj witm stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs).

i.

(4) Gn ggu` uìt it rjpa rjpart rt ear ear g pubcid pubcid dci dcijn jntt in inì ìdgt dgtjs js tmgt tmgt ttmj mj ein eingn gndig digcc stgtj stgtjlj ljnt ntss grj prjsjntj` prjsjnt j` in danearlity danearlity witm kjnjrg kjnjrgccy ccy gddjptj` gddjptj` gddauntin gddauntink k prindipcjs prindipcjs (Znitj` (Znitj` Ttgtjs). Pmj VDGAB àjs nat issuj gddauntink stgn`gr`s.

h.

(4) Tubst Tubstgntig gntigcc àub àubtt gb gbaut aut g dcijnt dcijnt’s ’s gbicity gbicity ta dan dantin tinuj uj gs g kain kaink k dandjr dandjrn n rjsu rjsucts cts in jitmjr gn unqugcieij` rjpart witm jxpcgngtary cgnkugkj ar g ìsdcgiljr ae apinian.

[m [mjn jn g liss lisstgt tgtjl jljn jntt is pjrvg pjrvgsiv sivj, j, gn gn g` g`vj vjrs rsjj api apini nian an is gppr gpprapr aprigt igtj. j.

Gddarìnkcy gnswjr (4) is darrjdt sindj g qugcieij` rjpart is nat gppraprigtj. o.

(2) [mj [mjn n gn unhu unhustie stieij` ij` dmgnkj dmgnkj in gddaunti gddauntink nk prindipc prindipcjs js addurs, addurs, jitm jitmjr jr g qugcie qugcieij` ij` ar g`vjrsj apinian is gppraprigtj gs tmis rjprjsjnts g `jpgrturj eral kjnjrgccy gddjptj` gddauntink prindipcjs. Gddarìnkcy, Gddarìnkcy, gnswjr (2) is darrjdt sindj gn g`vjrsj apinian, but nat g ìsdcgiljr ae apinian is gppraprigtj.

c.

(4) Gn jlpm jlpmgsi gsiss-aeae-lgt lgttjr tjr p pgrgk grgkrgp rgpm m is gppr gpprapr aprigt igtjj wmjn wmjn gn guì guìtar tar wis wismj mjss ta jlpmgsizj g lgttjr dandjrnink tmj eingndigc stgtjljnts, but nat g lgttjr dandjrnink tmj sdapj ae tmj guìt jnkgkjljnt. Gddarìnkcy, Gddarìnkcy, gnswjr (4) is nat g situgtian in wmidm gn jlpmgsis-ae-lgttjr pgrgkrgpm is gppraprigtj sindj daneirlink gddaunts rjdjivgbcj rjcgtjs ta tmj sdapj ae tmj guìt.

7;—25 7;— 25 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n g. b.

7. Gn unlaìeij` (stgn`gr` rjpart) rjpar t) smauc` bj issuj`. 5. Jitmjr g qugcieij` ar gn g`vjrsj apinian is rjquirj`. Ugcugtian ae prapjrtijs gt gpprgisj` vgcujs is nat in gddar`gndj witm kjnjrgccy gddjptj` gddauntink prindipcjs. Tindj tmj ìeejrjndj ìeejrjndj 7;-:

© 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

d.

`. j.

7;—2;

bjtwjjn gpprgisj` vgcuj gn` bjtwjjn gn` dast is siknieid siknieidgnt, gnt, gn unqugci unqugcieij` eij` apinian apinian wauc` wauc` nat bj gppraprigtj. ;. G sdapj rjstridtian rjsucts in jitmjr g qugcieij` apinian ar g ìsdcgiljr ae apinian. apinian. Bjdgusj wj mgvj na inearlgtian an wmjtmjr g passibcj lisstgtjljnt dauc` pjrvgsivjcy lisstgtj tmj eingndigc stgtjljnts, jitmjr typj ae apinian is passibcy gppraprigtj. 4. Bjdgusj tmj lisstgtjljnts lisstgtjljnts dauc` bj lgtjrigc, but dauc` nat pjrvgsivjcy lisstgtj tmj eingndigc stgtjljnts, g qugcieij` apinian is gppraprigtj. 5. G qugcieij` ar gn g`vjrsj apinian is njdjssgry. njdjssgry. Pmj DVG eirl mgs gdquirj` sueeidijnt gppraprigtj jvi`jndj ta tmj jeejdt tmgt tmj invjstljnts in stado ae subsiìgry dalpgnijs grj avjrstgtj`. Natj ìsdcasurj àjs àjs nat dalpjnsgtj ear ilprapjr ilprapjr bgcgndj smjjt prjsjntgtian.

Pgso-Bgsj` Tilucgtian

b. d. `. j.

g. :. Bjdgusj tmj passibcj jeejdts jeejdts an tmj eingndigc stgtjljnts ae un`jtjdtj` lisstgtjljnts, ie gny, dauc` bj batm lgtjrigc gn` pjrvgsivj, g ìsdcgiljr is gppraprigtj. 7. [mjn na rjejrjndj is lg`j ta tmj dalpanjnt guìtars, g stgn`gr` unlaìeij` rjpart is issuj`. 4. G cgdo ae ìsdcasurj cjg`s ta jitmjr jitmjr g qugcieij` apinian ar gn g`vjrsj apinian. Tindj tmj jeejdt is lgtjrigc, but nat pjrvgsivj, g qugcieij` apinian is gppraprigtj. 2. Tindj tmj guìtar dandurs tmgt tmj dmgnkj is `jsirgbcj, `jsirgbcj, gn unlaìeij` apinian witm witm gn jlpmgsis-aejlpmg sis-ae-lgttjr lgttjr pgrgkrgpm is gppraprigtj. 0. Bjdgusj tmj guìtar àjs nat dandur witm tmj dmgnkj, it is g `jpgrturj er eral al KGGV. KGGV.

Bjdgusj tmj glaunt is lgtjrigc gn` pjrvgsivj, gn g`vjrsj apinian is gppraprigtj. 7;—2= Itjl Na.

Jlpmgsis-ae-Lgttjr Vgrgkrgpm an Dansistjndy G``j`1

Pypj Pypj ae Dmgnkj

(7)

Gn gd gdda daun unti tink nk dmgn dmgnkj kj inva invacv cvin ink k g dmgn dmgnkj kj eral anj kjnjrgccy gddjptj` gddauntink prindipcjj ta gnatmjr prindipc gnatmjr kjnjrgccy kjnjrgccy gddjptj` gddauntink prindipcj.

Yjs

(2 (2))

Gn gd gdda daun unti tink nk dmgn dmgnkj kj inva invacv cvin ink k g dmg dmgnk nkjj in gn gddauntink jstilgtj.

Na

(4) (4)

Gn jrr jrrar ar da darr rrjd jdti tian an nat inva invaccvink ink gn gddauntink prindipcj.

Yjs

(0) (0)

Gn gd gdda daun unti tin nk dm dmgn gnk kj inv invacvink ink g darrjdtian ae gn jrrar in prindipcj tmgt is gddauntj` ear gs g darrjdtian ae gn jrrar.

Yjs

(: (:))

G dmgn dmgnkj kj in gd gdda daun unti tink nk js jsti tilg lgtj tj je jeej ejdt dtj` j` by g dmgnkj in gddauntink gddauntink prindipcj. prindipcj.

Yjs

(5 (5))

Nat Nat gn gn ggdd dda aun unti tink nk dm dmgn gnkj kj bu butt rgtm rgtmjr jr g dmgnkj in dcgssieidgtian.

Na

(; (;))

Gn gd gdda daun unti tink nk dmgn dmgnkj kj eral eral anj anj kjnj kjnjrg rgcc ccy y gddjptj` gddauntink prindipcj ta gnatmjr kjnjrgccy gddjptj` gddauntink prindipcj.

Yjs

7;-5 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

7;—29 7;— 29 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n 7.

(E,H) G situgtian in wmidm gn guìtar is ungbcj ta abtgin guìtj` eingndigc stgtjljnts ear gn invjstjj rjprjsjnts g sdapj rjstridtian. Tdapj rjstridtians cjg` ta jitm jitmjr jr g qugcieij` apinian ar g ìsdcgiljr ae apinian. G `jdisian gs ta wmjtmjr tmj guìtars smauc` qugciey ar ìsdcgil tmj apinian is `jpjn`jnt upan wmjtmjr pjrvgsivj lisstgtjljnts grj passibcj.

2.

(G,I) Tubstgntigc àubt gbaut gn jntity's gbicity ta dantinuj gs g kaink dandjrn cjg`s ta jitmjr gn unqugcieij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm, ar g ìsdcgiljr. Bjdgusj tmj prabcjl inìdgtjs g ìsdcgiljr wicc nat bj issuj`, ancy gn unqugcieij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm is gppraprigtj.

4.

(G,L) G stgn`gr` un unlaìeij` apinian is gp gppraprigtj iin n dirdulstgndjs in in wmidm g kraup guìtar tgojs rjspansibicity ear tmj waro ae g dalpanjnt guìtar.

0.

(G,I) [mjn gn guìtar gkrjjs witm g dm dmgnkj in gddauntink prindipcjs, g cg cgdo ae dansistjndy rjsucts in gn unlaìeij` apinian witm gn jlpmgsis-ae-lgttjr pgrgkrgpm eaccawink tmj apinian pgrgkrgpm.

7;-; © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

:.

(B,H) @jpgrturjs eral kjnjrgccy gddjptj` gddauntink prindipcjs rjsuct in jitmjr g qugcieij` apinian ar gn g`vjrsj apinian, bgsj` an tmj pjrvgsivjnjss ae lisstgtjljnts. Kivjn tmgt tmj situgtian sukkjsts tmgt tmj lisstgtjljnt dgnnat bj pjrvgsivj, g qugcieij` apinian is gppraprigtj.

7;—46 7;— 46 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n Rjpart

Titugtian

Dalljnt

7. G dalpgny mgs nat eaccawj` kjnjrgccy gddjptj` gddauntink prindipcjs prindipc js in tmj rjdarìnk ae its cjgsjs.

;

Pmi miss iiss g `jp `jpgr grtu turj rj er eral al KGGV GV..

2. G dalpgny mgs nat eaccawj` kjnjrgccy gddjptj` gddauntink prindipcjs prindipc js in tmj rjdarìnk ae its cjgsjs. Pmj gl glaunts aunts invacvj` grj illgtjrigc.

7

Bj Bjdg dgus usjj ttmj mj glau glaunt ntss inva invacv cvj` j` grj grj ill illgt gtjr jrigc igc,, na guìt rjpart laìeid laìeidgtian gtian is njdjssgry njdjssgry..

4. G dalpgny vgcuj` its invjntary gt durrjnt rjpcgdjljnt dast. [micj tmj guìtar bjcijvjs tmgt tmj invjntary dasts à gppraxilgtj rjpcgdjljnt dasts, tmjsj dasts à nat gppraxilgtj gny KGGV invjntary vgcugtian ljtma`.

;

Gctm Gctmau aukm km tmj tmj gu guìt ìtar ar bjci bjcijv jvjs js tmgt tmgt ttmj mj ddas asts ts gppraxilgtj rjpcgdjljnt dasts, tmjy `jpgrt eral KGGV.

0. G dcijnt dmgnkj` its `jprjdigt `jprjdigtian ian ljtma` ear praùdtian jquipljnt eral tmj strgikmt-cinj ljtma` ta tmj units-ae-praùdtian ljtma` bgsj` an maurs ae uticizgtian. Pmj guìtar dandurs witm tmj dmgnkj.

2

Pmis Pmis ssit itugt ugtia ian n in inva vacv cvjs js g cg cgdo do a aee dan dansi sist stjn jndy dy..

:. G dcijnt dmgnkj` its `jprjdigt `jprjdigtian ian ljtma` ear praùdtian jquipljnt eral tmj strgikmt-cinj ta g units-ae-praùdtian ljtma` bgsj` an maurs ae uticizgtia uticizgtian. n. Pmj guìtar àjs nat dandur witm tmj dmgnkj.

;

Bj Bjdg dgus usjj tm tmjj gu guìt ìtar ar àjs àjs nat nat dan dandu durr w wit itm m tm tmjj dmgnkj, it is trjgtj` gs g `jpgrturj eral KG KGGV GV..

5. G dcijnt dmgnkj` tmj `jprjdigb `jprjdigbcj cj ciej ae djrtgin gssjts eral 76 yjgrs ta 72 yjgrs. Pmj guìtar dandurs witm tmj dmgnkj.

7

G pr prap apjr jr ddmg mgnk nkjj in jjst stil ilgtj gtj ` àj ajss na natt rj rjqu quirj irj ggn n jlpmgsis-ae-lgttjr jlpmgsis-aelgttjr pgrgkrgpm.

;. G dcijnt dmgnkj` tmj `jprjdigb `jprjdigbcj cj ciej ae djrtgin gssjts eral 76 yjgrs ta 72 yjgrs. Pmj guìtar àjs nat dandur witm tmj dmgnkj. Daneinj` Dane inj` ta eixj` gssjts gn` gddulucgtj` `jprjdigtian, tmj lisstgtjljnts invacvj` grj nat dansi`jrj` pjrvgsivj.

4

Bj Bjdg dgus usjj tm tmjj gu guìt ìtar ar àjs àjs nat nat dan dandu durr w wit itm m tm tmjj dmgnkj in jstilgtj, it is trjgtj` gs g `jpgrturj eral KGGV. KGGV. G qugciei qugcieij` j` rjpart is gppraprig gppraprigtj tj bjdgusj tmj lisstgtjljnts grj nat dansi`jrj` pjrvgsivj.

=. G dcijnt dmgnkj` eral tmj ljtma` it usjs ta dgcducgtj pastjlpcayljnt pastjlpcay ljnt bjnje bjnjeits its eral anj gddjptgbcj gddjptgbcj ljtma ljtma` ` ta gna gnatmjr tmjr anj. Pmj jeejdt ae tmj dmgnkj is illgtjrigc tmis yjgr, but is jxpjdtj` ta bj lgtjrigc in tmj euturj.

7

G dmgn dmgnkj kj in gdda gddaun unti tink nk pr prin indi dipc pcjs js w wit itm m gn illgtjrigc jeejdt (jvjn ie jxpjdtj` ta bjdalj lgtjrigc in tmj euturj) àjs nat rjsuct in g`ìtian ae gn jlpmgsis-ae-lgttjr pgrgkrgpm an dansistjndy.

9. G dcijnt dmgnkj` tmj sgcvgkj vgcuj ae djrtgin gssjt gssjtss eral : pjrdjnt ta 76 pjrdjnt ae arikingc dast. Pmj guìtar dandurs witm tmj dmgnkj.

7

Pmis Pmis is is g ddmg mgnk nkjj in js jstil tilgt gtjj tm tmgt gt ` àj ajss na natt rjsu rjsuct ct in g`ìtian ae gn jlpmgsis-ae-lgttjr pgrgkrgpm an dansistjndy.

76. G dcijnt usjs tmj spjdi spjdieid eid i`jntieidgtia i`jntieidgtian n ljtma` ae gddauntink ear vgcugbcj itjls in invjntary, gn` CIEA ear cjss vgcugbcj itjls. Pmj guìtar dandurs dandurs tmgt tmis is g rjgsangbcj prgdtidj.

7

Da Dans nsis istjn tjndy dy is g bjtw bjtwjj jjn n pjr pjria ia`s `s ddan andj djpt pt?? us usin ink k ìee ìeejrjnt jrjnt invjntary vgcugtian ljtma`s sudm gs mjrj is gddjptgbcj gn` àjs nat rjsuct in gn jlpmgsis-ae-lgttjr jlpmgsis-aelgttjr pgrgkrgpm an dansistjndy.

77. @uj ta rjdurrink apjrgtink cassjs gn` w waroink aroink dgpitgc `jeidijndijs, gn guìtar mgs substgntigc àubt gbaut gn jntity's gbicity `jeidijndijs, ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts g`jqugtjcy ìsdcasj tmj situgtian.

5

Pmis Pmis is is g ssit itug ugtia tian n in wmidm midm ttmj mjrj rj is is ssub ubst stgnt gntigc igc àubt gbaut g dcijnt’s kaink dandjrn.

72. @uj ta rjdurrink apjrgtink cassjs gn` w waroink aroink dgpitgc `jeidijndijs, gn guìtar mgs substgntigc àubt gbaut gn jntity's gbicity `jeidijndijs, ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts à nat g`jqugtjcy ìsdcasj tmj substgntigc àubt situgtian, gn` tmj guìtar bjcijvjs tmj alissian eun`gljntgccy geejdts tmj usjrs’ un`jrstgnìnk ae tmj eingndigc stgtjljnts.

0

Pmj Pmj cgdo cgdo a aee ìs ìsdc dcas asur urjj dr drjg jgtjs tjs g `j `jpg pgrt rtur urjj er eral al KGGV. Bjdgusj jeejdts grj pjrvgsivj (eun`gljntgc ta usjrs’ un`jrstgnìnk ae tmj eingndigc stgtjljnts is g dmgrgdtjristid ae pjrvgsivjnjss), gn g`vjrsj g`vjrsj apinian is gppraprigtj.

74. Gn guìta guìtarr rjpar rjpartink tink an kra kraup up eingndigc eingndigc stgtjl stgtjljnts jnts `jdi` `jdi`js js ta tgoj

7

Bjdg Bjdgusj usj tmj guìta guìtarr tgojs rjsp rjspansib ansibicity icity ear tmj

7;-= © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

rjspansibicity ear tmj waro ae g dalpanjnt guìtar wma guìtj` g ;6 pjrdjnt awnj` awnj` subsi subsiìgry ìgry gn` is issuj` suj` gn unla unlaìeij` ìeij` apin apinian. ian. Pmj ttatgc atgc gssjts gn` rjvjnujs ae tmj subsiìgry grj : pjrdjnt gn` = pjrdjnt, rjspjdtivjcy, ae tmj tatgc gssjts gn` rjvjnujs ae tmj jntity bjink guìtj`.

waro ae tmj dalpanjnt guìtar, tmjrj is na ljntian ae tmj dalpa dalpanjnt njnt guìtar.

70. Gn guìta guìtarr rjpartink an kraup eingndigc stgtjljnts `jdi`js nat ta tgoj rjspansibicity ear tmj waro ae g dalpanjnt guìtar wma guìtj` g ;6 pjrdjnt awnj` awnj` subsiìgry gn` issuj` gn unqugcieij` apinian. Pmj tatgc gssjts gn` rjvjnujs ae tmj subsiìgry grj : pjrdjnt gn` = pjrdjnt, rjspjdtivjcy, ae tmj tatgc gssjts gn` rjvjnujs ae tmj jntity bjink guìtj`.

76

In tmi tmiss si situg tugtia tian n tm tmjj gu guìt ìtar’ ar’ss rrjsp jspans ansibic ibicity ity sjdtian gn` tmj apinian sjdtians mgvj g`ìtiangc warìnk g``j`, but tmjrj is na jlpmgsis-aelgttjr pgrgkrgpm in wmgt rjlgins g rjpart witm gn unlaìeij` apinian.

7:. Gn guìta guìtarr wgs mirj` getjr yjgr-jn` gn` wgs ungbcj ta absjrvj tmj dauntink ae tmj yjgr-jn` invjntary. Tmj is ungbcj ta gppcy atmjr atmjr pradjùrjs ta `jtjrlinj `jtjrlinj wmjtmjr jnìnk invjntary gn` gn` rjcgtj` inearlgtian inearlgtia n grj prapjrcy stgtj`.

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Pmis mis iiss g sd sdapj cil cilitgt itgtiian an..

75. Gn guìtar wgs mirj` getjr yjgryjgr-jn` jn` gn` wgs ungbcj ta absjrvj tmj dauntink ae tmj yjgr-jn` yjgr-jn` invjntary. Mawjvjr, smj wgs gbcj ta gppcy atmjr pradjùrjs gn` `jtjrlinj` tmgt jnìnk invjntary gn` rjcgtj` inearlgtian inearlgtia n grj prapjrcy stgtj`.

7

Bj Bjdg dgus usjj tm tmjj gu guìt ìtar ar m mgs gs sgt sgtis isei eij` j` mj mjrs rsjce jce tmra tmrauk ukm m pjrearlink atmjr pradjùrjs, g stgn`gr` rjpart is gppraprigtj.

7;. Gn guìtar ìsdavjrj` tmgt g dcijnt lg`j iccjkgc icc jkgc pacitidgc pgyaees ta g dgnì`gtj ear prjsi`jnt prjsi`jnt ae tmj Znitj` Ttgtjs. Pmj guìtar w wgs gs ungbcj ta `jtjrlinj tmgt glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt's ing`jqugtj rjdar`-rjtjn rjdar`-rjtjntian tian pacidijs. Pmj dcijnt mgs g``j` g natj ta tmj eingndigc stgtjljnts ta `jsdribj tmj iccjkgc pgyljnts gn` mgs stgtj` tmgt tmj glaunts ae tmj pgyljnts grj nat `jtjrlingbcj.

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Pmis Pmis is g sda sdapj pj cili cilitgt tgtia ian nb bjd jdgu gusj sj ae tmj tmj ing`jqugtj rjdar` rjtjntian pacidijs gn` tmj guìtar’s ingbicity ta pjrearl atmjr pradjùrjs.

7=. Gn guìtar ìsdavjrj` tmgt g dcijnt lg`j iccjkgc icc jkgc pacitidgc pgyaees ta

4

Pmj Pmj cg cgdo do ae ìsd ìsdca casu surj rj rrjs jsuc ucts ts iin n g `jpg `jpgrt rtur urjj

g dgnì`gtj ear prjsi`jnt prjsi`jnt ae tmj Znitj` Ttgtjs. Pmj guìtar w wgs gs ungbcj ta `jtjrlinj tmgt glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt's ing`jqugtj rjdar`rjdar`-rjtjntian rjtjntian pacidijs, gctmaukm tmjrj is na ciojcimaa` tmgt tmj eingndigc stgtjljnts grj pjrvgsivjcy lisstgtj`, lisstgtj`, tmjy lgy bj lgtjrigccy lisstgtj lisstgtj`. `. Pmj dcijnt rjeusjs ta ìsdcasj tmj pgyaees pgyaees in g natj ta tmj eingndigc stgtjljnts.

eral KGGV. KGGV. Bjdgusj tmj jeejdt is cjss tmgn pjrvgsivj, g qugcieij` apinian is gppraprigtj. gppraprigtj.

79. In guìtink tmj cank-tjrl invjstljnts gddaunt ae g njw dcijnt, gn guìtar ein`s tmgt g cgrkj dantinkjnt dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. It is prabgbcj tmgt tmis dantinkjnt cigbicity cigbic ity wicc bj rjsacvj` rjsacvj` witm g l lgtjrigc gtjrigc cass in tmj eeuturj, uturj, but tmj gl glaunt aunt is nat jstilgbcj. Gctmaukm na g`hustink jntry mgs bjjn lg`j, tmj dcijnt mgs pravi`j` prav i`j` g natj ta tmj eingndigc sstgtjljnts tgtjljnts tmgt `jsdr `jsdribjs ibjs tmj lgttjr in `jtgic.

7

Bj Bjdg dgus usjj ttmj mj glau glaunt nt is nat nat jst jstil ilgb gbcj, cj, na g`hustink jntry dgn bj rjdar`j`. Pmj guìtar likmt dmaasj ta jlpmgsizj tmis lgttjr, but tmj prabcjl’s bgdokraun bgdokraun` ` rucjs aut tmis trjgtljnt.

26. In guìtink tmj cank-tjrl invjstljnts gddaunt ae g njw dcijnt, gn guìtar ein`s tmgt g cgrkj dantinkjnt dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. It is prabgbcj tmgt tmis dantinkjnt cigbicity cigbic ity wicc

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Bj Bjdg dgus usjj tm tmjj gl glau aunt nt is jst jstil ilgb gbcj, cj, gn g`hu g`hust stink ink jntry smauc` bj rjdar`j`? sindj it wgs nat, g `jpgrturj eral KGGV jxists.

27. G dcijnt is issuink twa yjgrs ae dalpgrgtivj eingndigc stgtjljnts. stgt jljnts. Pmj eirst yjgr wgs guìtj` by gnatmjr guìtar wma is nat  bjink bjink gsoj` ta rjissuj mjr guìt rjpart. (Rjpcy gs ta tmj suddjssar guìtar’s rjpart.)

76

Pmj Pmj sudd suddjs jssar sar gu` guìta itarr rjpa rjparts rts an yjgr yjgr 2. But gn pgrgkrgpm is g``j` inìdgtink (7) atmjr-lgttjr  pgrgkrgpm tmj priar-pjria` stgtjljnts wjrj guìtj` by atmjr guìtars, (2) tmj `gtj gn` typj ae rjpart issuj` gn`, (4) ie tmj rjpart wgs atmjr tmgn stgn`gr`, tmj rjgsans tmjrjearj.

22. G dcijnt is issuink twa yjgrs ae dalpgrgtivj eingndigc stgtjljnts. stgt jljnts. Pmj eirst yjgr wgs guìtj` by gnatmjr guìtar wma is bjink gsoj` ta rjissuj mjr guìt rjpart. (Rjpcy gs ta tmj suddjssar guìtar’s rjpart.)

7

G st stgn gn`g `gr` r` rrjp jpar artt is iiss ssuj uj` ` an tmj tmj sjda sjdan` n` y yjg jgr. r. Pmj atmjr guìtar’s rjpart an tmj eirst yjgr is rjissuj` gn` indcu`j`.

24. G dcijnt's eingndigc stgtj stgtjljnts ljnts eaccaw KGGV KGGV,, but tmj guìtar wismjs ta jlpmgsizj in mis guìt rjpart g siknieid siknieidgnt gnt rjcgtj` pgrty trgnsgdtia trgnsgdtian n

2

Pmis Pmis is gn jlpm jlpmgs gsis is-a -aee-lg lgtt ttjr jr si situg tugti tian an..

tmgt is g`jqugtjcy `jsdribj` in tmj natjs ta tmj eingndigc stgtjljnts. 20. G dcijnt's eingndigc stgtj stgtjljnts ljnts eaccaw KGGV jxdjpt tmgt tmjy à nat indcu`j g natj an g siknieidgnt rjcgtj` pgrty trgnsgdtian.

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Pmis Pmis is is g ` `jp jpgr grtu turj rj era eral lK KGG GGV V. Na inea inearl rlgti gtian an is pravi`j` an wmjtmjr tmj alissian is dansi`jrj` pjrvgsivj.

bj rjsacvj`jstilgbcj rjsacvj` witm g l lgtjrigc gtjrigc cass in tmjGctmaukm eeuturj, uturj, gn` gl glaunt aunt is mgs rjgsangbcy gs $2,666,666. na tmis g`hustink jntry bjjn lg`j, tmj tmj dcijnt mgs pra pravi`j` vi`j` g n natj atj ta tmj eeingndigc ingndigc stgtjl stgtjljnts jnts tmgt `jsdribjs tmj lgttjr in `jtgic gn` indcu`js tmj $2,666,666 jstilgtj in tmgt natj.

7;-9 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

7;—47 7;— 47 PgsoPgso-Bgs Bgsj` j` Tilu Tilucgt cgtia ian n 7.

Darr Darrjd jdt. t. Pm Pmjj titc titcjj sm smau auc` c` indc indcu` u`jj tmj tmj wa war` r` –i –in` n`jp jpjn jn` `jn jnt. t.““

2.

Da Darr rrjd jdt. t. Pmj Pmj rjp rjpart art smau smauc` c` ind indcu` cu`j gn g` g``r `rjs jssj sjj. j.

4.

Dar Darrjd rjdt. t. Pmjr Pmjrjj smau smauc` c` bj g sjdti sjdtian an an lg lgng ngkj kjlj ljnt nt’’s rjspa rjspans nsib ibic icity ity ea earr tmj tmj eein ingn gndi digc gc stgtjljnts.

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Inda Indarr rrjd jdt. t. Pmj Pmj rjpa rjpart rt mg mgss tmj tmj prap prapjr jr warì arìnk nk..

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Ind Indarr arrjdt jdt.. Bj Bjdgu dgusj sj Ham Hamns nsan an & Bgroc Bgrocjy jy wi wism sm ta gssu gssulj lj rjspa rjspans nsib ibic icit ity y eear ar tmj tmj waro waro a aee Cgroi Cgroin n& Cgoj, na ljntian ae Cgroin & Cgoj smauc` bj lg`j in tmj rjpart.

5.

Indarrjdt. Pmj pgrgk rgkrgp gpm m is rjquirj`.

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Dar Darrjd rjdt. t. Pmj Pmj jlpm jlpmgsi gsiss-ae ae-l -lgtt gttjr jr pgrgkrgp pgrgkrgpm m sma smauc uc` ` eac eacca caw w tm tmjj ap apin inia ian n pgrgkrg pgrgkrgpm. pm.

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Ind Indarr arrjdt jdt.. Pmj Pmj apin apinia ian n sj sjdti dtian an sm smau auc` c` nat nat ljnti jntian an dans dansis istj tjnd ndy y.

9.

Dar Darrjd rjdt. t. Pmj Pmj `gtj `gtj sma smauc uc` ` bj tmj tmj `gtj `gtj an an wmi wmidm dm suee sueeid idij ijnt nt gpprap gppraprig rigtj tj guì guìtt jvi` jvi`jn jndj dj mgs bjj bjjn n kgtmjrj`.

76.

Indarrjdt Indarrjdt.. Pmj titc titcjs js ae tmj eingndi eingndigc gc stgtjlj stgtjljnts nts grj nat nat rjpjgtj rjpjgtj` ` in tmj apinia apinian n pgrgkrgpm. pgrgkrgpm.

Vrabcjls

7;—42 TACZPIAN8 [iccigl [icciglss & Da., DVGs DVGs (Jstilgtj` (Jstilgtj` tilj8 tilj8 26 linutjs linutjs)) Pmj guìtars' rjpart dantgins tmj eaccawink `jeidijndijs8 Intraùdtary sjdtian 7.

Pmj eingn eingndi digc gc stg stgtjl tjljn jnts ts guìt guìtj` j` sm smau auc` c` inì inìvi viù ùgc gccy cy bj nglj` nglj`..

Guìtar’s Rjspansibicity sjdtian 2. 4.

0.

[mgt smau smauc` c` bj tmj tmj sjdan` sjdan` sjn sjntjn tjndj dj is liss lissink ink (–[j (–[j ddan` anùdt udtj` j` aur guìt guìt in in gddar` gddar`gnd gndjj witm witm guìtink stgn`gr`s kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg.“) Gn guìtar guìtar abtgins abtgins rjgsangb rjgsangbcj cj gssurgndj gssurgndj gbaut gbaut wmjt wmjtmjr mjr tmj eingndi eingndigc gc stgtjlj stgtjljnts nts grj "erjj "erjj ae lgtjrigc lisstgtjljnt," nat "in danearlity witm kjnjrgccy gddjptj` gddauntink prindipcjs" (eingc sjntjndj in eirst pgrgkrgpm). Pmj anj sjntjn sjntjndj dj eingc eingc pgrgkrgpm pgrgkrgpm ("[j ("[j bjcijv bjcijvjj tmgt tmj guìt guìt pravi` pravi`js js g rjgsangb rjgsangbcj cj bgsis ear aur apinian.") is alittj`.

Jlpmgsis-ae-Lgttjr sjdtian :. 5.

Pm Pmjj guìtars sj sjdt dtia ian n sm smau auc` c`cèacc eanat ccaw aw tmj tmjjggn apin ap inia ian nan pgrgk pgdan rgkrgp rgpm. m. k tmj Pmj guì tars smau smauc` kivj kiv n apini ap inian dandjr djrnin nink tmj jntity jntity's 's surviv survivgc gc "bjy "bjyan` an` g rjgsangbc rjgsangbcjj pjria` ae ae tilj." 7;-76

© 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

Apinian sjdtian ;. =. 9.

G qugci qugciei eij` j` apin apinia ian n is ingpp ingpprap raprig rigtj tj (it sm smau auc` c` bj un unla laì ìei eij` j`). ). Pmj `gtj `gtj ae tmj tmj eing eingnd ndigc igc stg stgtj tjlj ljnt ntss guìtj guìtj` ` is alitt alittj` j`.. Pm Pmjr jrjj sm smau auc` c` bj na rj rjej ejrj rjnd ndjj ta dans dansis istj tjnd ndy y.

7;—44 TACZPAN8 TACZPAN8 Cjnsjs Da. (Jstilgtj (Jstilgtj` ` tilj8 26 linutjs) linutjs) Pmj guìtars' rjpart dantgins tmj eaccawink `jeidijndijs8 7. Pmj titcj smauc` smauc` indcu` indcu`jj tmj war` –In`jpjn` –In`jpjn`jnt“ jnt“ 2. Pmj g``rjss g``rjss arìngri arìngricy cy smauc` smauc` nat bj lgngkjl lgngkjljnt jnt (it smauc` smauc` bj tmj bagr` ae ìr ìrjdta jdtars, rs, tmj tmj guìt guìt dallittjj, ar tmj smgrjmac`jrs, jtd.) Intraùdtary pgrgkrgpm Intraùdtary pgr gkrgpm 4. It ssma mauc uc` `b bjk jkin in wi witm tm –[ –[jj mgvj mgvj ggu` uìtj itj`…. `….““ rgt rgtmj mjrr tmgn tmgn –[j –[j mgv mgvjj jxgl jxglin inj` j`….“ ….“.. 0. Pmj eingc eingc sj sjnt ntjn jndj dj dandj dandjrn rnin ink k VDGAB VDGAB rjq rjqui uirjl rjljn jnts ts smauc smauc` ` nat nat bj in indc dcu` u`j` j`.. Tdapj pgrgkrgpm :. Pmj gguì uìtt smauc smauc` ` bj dan danù ùdtj dtj` ` in gdda gddar`g r`gnd ndjj witm witm Vubc Vubcid id Dalp Dalpgny gny Gdd ddau aunt ntin ink k Avjrs Avjrsik ikmt mt Bagr` stgn`gr`s rgtmjr tmgn kjnjrgccy gddjptj` guìtink stgn`gr`s. 5. Pm Pmjj ggu` uìt itar ar abt abtgi gins ns rj rjgs gsan angb gbcj cj gs gssu surg rgnd ndj, j, n nat at pa pasi siti tivj vj gssurg gssurgnd ndj. j. ;. Pmj gssurgn gssurgndj dj rjc rjcgtj gtjss ta tmj tmj eein ingn gndi digc gc stg stgtjl tjljn jnts ts bji bjink nk erj erjjj ae ae –lgt –lgtjri jrigc“ gc“ liss lisstgt tgtjl jljn jnts ts na natt –gcc“ lisstgtjljnts. Apinian pgrgkrgpm =. Pmj Pmj tjrl tjrl –p –prj rjsj sjnt nt““ ssma mau uc` bj –p –prj rjsj sjnt nt egir egircy cy..“ 9. –Gp –Gppci pcij` j` an g da dans nsis istj tjnt nt bgsis“ bgsis“ gt tmj tmj jjn` n` ae ttmj mj pgrgkr pgrgkrgpm gpm is is ingp ingppra prapri prigtj gtj gn` gn` smau smauc` c` bj `jcjtj`. Intjrngc dantrac pgrgkrgpm 76. –[j –[j ggcsa csa mgvj mgvj rjvijwj rjvijwj`“ `“ gt tmj bjkinn bjkinnin ink k ae ae tmj tmj pgrgkrgpm pgrgkrgpm smau smauc` c` bj –[j –[j mgvj mgvj guìtj` guìtj`.“ .“ 7;—40 TACZPIAN8 Ttur`y Darpargtian (Jstilgtj` (Jstilgtj` tilj8 26 linutjs) linutjs) g.

G sjpgrgtj bgsis ear laìeidgtian sjdtian (titcj` –Bgsis ear G`vjrsj Apinian“) smauc` sjt eartm rjgsans ear tmj jxprjssian ae gn g`vjrsj apinian gn` tmj prindipgc jeejdts ae tmj subhjdt lgttjr ae tmj g`vjrsj apinian. Pmj sjdtian smauc` stgtj tmj eaccawink, praviìnk àccgr glaunts wmjrj prgdtidgbcj8 Pmj dalpgny dgrrijs its buicìnk gddaunts gt gpprgisgc vgcujs gn` pravi`js ear `jprjdigtian an tmj bgsis ae sudm vgcujs. Buicìnks, gddulucgtj` `jprjdigtian, gn` jquity (gttributj` ta gpprgisgcs) grj avjrstgtj`. Njt indalj indalj is un`jrstgtj`. un`jrstgtj`. @jprjdigtian jxpjnsj is avjrstgtj`. •

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b.

Pmj apinian pgrgkrgpm smauc` dantgin g rjejrjndj ta tmj sjpgrgtj pgrgkrgpm gn` stgtj tmj eingndigc stgtjljnts à nat prjsjnt egircy tmj eingndigc pasitian, rjsucts ae apjrgtians, gn` dgsm ecaws. It smauc` bj war`j` gs eaccaws8 G`vjrsj Apinian In aur apinian, bjdgusj ae tmj siknieidgndj ae tmj lgttjr ìsdussj` in tmj Bgsis ear G`vjrsj Apinian pgrgkrgpm, tmj dansaci`gtj` eingndigc stgtjljnts rjejrrj` ta 7;-77

© 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

gbavj à nat jxprjss egircy tmj eingndigc pasitian ae Ttur`y Darpargtian gs ae @jdjlbjr 47, 79]4, gn` tmj rjsucts ae its apjrgtians gn` its dgsm ecaws ear tmj yjgr tmjn jn`j`. 7;—4: TACZPIAN8 Jxdjcsiar Jxdjcsiar Darpargtian (Jstilgtj` (Jstilgtj` tilj8 2: linutj linutjs) s) In`jpjn`jnt Guìtar’s Rjpart

Pa tmj Bagr` ae @irjdtars gn` Ttadomac`jrs ae Jxdjcsiar Darpargtian [j mgvj guìtj` tmj gddalpgnyink dansaci`gtj` eingndigc stgtjljnts ae Jxdjcsiar Darpargtian gn` its subsiìgrijs, wmidm dalprisjintmj dansaci`gtj`jquity bgcgndj ae @jdjlbjr 47,tmjn 26]7, gn` tmj dansaci`gtj` stgtjljnts indalj, dmgnkjs stadomac`jrs’ gn`smjjt dgsmgs ecaws ear tmj yjgr jn`j`, gn`rjcgtj` tmj rjcgtj` natjs ta tmj eingndigcaestgtjljnts. Lgngkjljnt’s R Lgngkjljnt’s Rjspansibicity jspansibicity ear tmj Eingndigc Eingndigc Ttgtjljnt Ttgtjljnt Lgngkjljnt is rjspansibcj ear tmj prjpgrgtian gn` egir prjsjntgtian ae tmjsj dansaci`gtj` eingndigc stgtjljnts in gddar`gndj witm gddauntink prindipcjs kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg? tmis indcu`js tmj `jsikn, ilpcjljntgtian gn` lgintjngndj ae intjrngc dantrac rjcjvgnt ta tmj prjpgrgtian gn` egir prjsjntgtian ae dansaci`gtj` eingndigc stgtjljnts tmgt grj erjj eral lgtjrigc lisstgtjljnt, wmjtmjr ùj ta ergu` ar jrrar. Guìtar’s R Guìtar’s Rjspansibicity jspansibicity Aur rjspansibicity is ta jxprjss gn apinian an tmjsj dansaci`gtj` eingndigc stgtjljnts bgsj` an aur guìt. [j danùdtj` aur guìt in gddar`gndj witm guìtink stgn`gr`s stgn`gr `s kjnjrgccy gddjptj` in tmj Zn Znitj` itj` Ttgtjs ae Gljridg. Gljridg. Pmasj stgn`gr`s rjquirj tmgt wj pcgn gn` pjrearl tmj guìt ta abtgin rjgsangbcj gssurgndj gbaut wmjtmjr tmj dansaci`gtj` eingndigc stgtjljnts grj erjj ae lgtjrigc lisstgtjljnt.

Gn guìt invacvjs invacvjs pjrearlink pradjùrjs ta abtgin guìt jvi`jndj gbaut tmj glaunts gn` ìsdcasurjs in tmj dansaci`gtj` eingndigc stgtjljnt. Pmj pradjùrjs sjcjdtj` `jpjn` an tmj guìtar’s hu`kljnt, indcuìnk tmj gssjssljnt ae tmj risos ae lgtjrigc lisstgtjljnt ae tmj dansaci`gtj` dansaci`gtj` eingndigc stgtjljnts, wmjtmjr ùj ta ergu` ar jrrar. In lgoink tmasj riso gssjssljnts, tmj guìtar dansi`jrs intjrngc dantrac rjcjvgnt rjcjvgnt ta tmj jntity’s prjpgrgtian gn` egir prjsjnt prjsjntgtian gtian ae tmj dansaci`gtj` eingndigc stgtjljnts ar`jr `jsikn guìtaepradjùrjs grj gppraprigtj in tmj dirdulstgndjs, but earapinian. tmj purpasj ae jxprjssink gn apinian apiniain n an tmj ta jeejdti jeejdtivjnjss vjnjss tmj jntity’stmgt intjrngc dantrac. Gdda Gddarìnkcy, rìnkcy, wj jxprjss nanat sudm Gn guìt gcsa indcu`js jvgcugtink tmj gppraprigtjnjss ae gddauntink pacidijs usj` gn` tmj rjgsangbcjnjss ae siknieidgnt gddauntink jstilgtjs lg`j by lgngkjljnt, gs wjcc gs jvgcugtink tmj avjrgcc prjsjntgtian ae tmj dansaci`gtj` eingndigc stgtjljnts. [j bjcijvj tmgt tmj guìt jvi`jndj wj mgvj abtginj` is sueeidijnt gn` gppraprigtj ta pravi`j g bgsis ear aur guìt apinian. Bgsis ear Wugcieij` Wugcieij` Apinian Pmj darpargtian `jdcinj` ta ìsdcasj tmgt tmj gkrjjljnt jxjdutj` in danhundtian witm tmj issugndj ae tmj `jbjnturjs ae Hgnugry 47, 26]7, ear tmj purpasj ae eingndink jxpgnsian ae pcgnt egdicitijs, rjstridts tmj pgyljnt ae euturj dgsm ìvi`jn`s ta jgrninks getjr @jdjlbjr 47, 26]7. Wugcieij` Apinian In aur apinian, jxdjpt ear tmj jeejdts ae alittink tmj inearlgtian an tmj `jbjnturjs ìsdussj` in tmj Bgsis ear Wugcieij` Apinian Vgrgkrgpm, tmj eingndigc stgtjljnts rjejrrj` ta gbavj prjsjnt egircy, in gcc lgtjrigc rjspjdts, tmj eingndigc pasitian ae Jxdjcsiar Darpargtian gn` its subsiìgrijs gs ae @jdjlbjr 47, 26]7, gn` tmj rjsucts ae tmjir apjrgtians gn` tmjir dgsm ecaws ear tmj yjgr tmjn jn`j` in gddar`gndj witm gddauntink prindipcjs kjnjrgccy gddjptj` in tmj Znitj` Ttgtjs ae Gljridg. Jlpmgsis-ae-Lgttjrs Jlpmgsis-ae-Lgttjrs Gs ìsdussj` in natj 77 ta tmj eingndigc stgtjljnts, tmj darpargtian is tmj `jejn`gnt in g cgwsuit rjcgtink ta (stgtj typj ae

citikgtian). Pmjlg`j uctilgtj autdalj ae stgtjljnts. tmj cgwsuit dgnnat prjsjntcy bjla` `jtjrlinj`, na pravisian ear gny cigbicity cigbicity tmgt lgy rjsuct mgs bjjn in tmj eingndigc Aur apinian is nat laìeij` ieij` witmgn` rjspjdt ta tmis lgttjr. Gs ìsdussj` in natj 72 ta tmj eingndigc eingndigc stgtjljnts, tmj darpargtian darpargtian dmgnkj` its ljtma ljtma` ` ae gddauntin gddauntink k ear cank-tjrl cank-tjrl danstrudtian dantrgdts. Aur apinian is nat laìeij` witm rjspjdt ta tmis lgttjr.

Rasdaj Rasd aj & Hanjs, Ct`

Ticvjr, Bjcc, Grizang Ejbrugry 76, 26]2

Pmj ancy itjl ae atmjr inearlgtian tmgt is nat pgrt ae tmj gbavj rjpart is Rasdaj's egicurj ta daneirl gddaunts rjdjivgbcj. [mjn gctjrngtj pradjùrjs grj pjrearlj` gn` pravi`j sueeidijnt gppraprigtj guìt jvi`jndj, tmj guìtars njj` nat rjejr ta tmj alissian ae tmj narlgc pradjùrjs in tmj rjpart. Pmis gn` tmj njxt prabcjl grj silicgr, gctmaukm tmis prabcjl is ear g nanpubcid dalpgny gn` indcu`js g `jpgrturj eral KGGV.

7;-72 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

7;—45 TACZPIAN8 Jxdmjdojr Jxdmjdojr Darpargtian (Jstilgtj` (Jstilgtj` tilj8 4: linutjs) linutjs) Rjpart ae In`jpjn`jnt Rjkistjrj` Vubcid Gddauntink Eirl Pmj Bagr` ae @irjdtars gn` Ttadomac`jrs Jxdmjdojr Darpargtian

[j mgvj guìtj` tmj gddalpgnyink dansaci`gtj` bgcgndj smjjts ae Jxdmjdojr Darpargtian gs ae @jdjlbjr 47, 26]7 gn` 26]6, gn` tmj rjcgtj` dansaci`gtj` stgtjljnt ae indalj, stadomac`jrs’ jquity, gn` dgsm ecaw ecaws s ear jgdmae ae tmj tmj Dalpgny’s tmrjj yjgrs lgngkjljnt. in tmj pjria` jn`j` @jdjlbjr 47, Pm Pmjsj jsj stgtjljnts grj tmj rjspansibicity Aur rjspansibicity is 26]7. ta jxprjss gneingndigc apinian an tmjsj eingndigc stgtjljnts bgsj` an aur guìts. [j danùdtj` aur guìts in gddar`gndj witm tmj stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs). Pmasj Pmasj stgn`gr`s rjquirj tmgt wj pcgn gn` pjrearl tmj guìt ta abtgin rjgsangbcj gssurgndj gbaut wmjtmjr tmj eingndigc stgtjljnts grj erjj ae lgtjrigc lisstgtjljnt. Gn guìt indcu`js jxglinink, jxglinink, an g tjst bgsis, jvi`jndj jvi` jndj supparti suppartink nk tmj glaunts gn` ìsdcasurjs ì sdcasurjs iin n tmj ein eingndigc gndigc stgtjljnt stgtjljnts. s. Gn guìt gc gcsa sa indcu`js gssjssink tmj gddauntink gddauntink prindipcjs usj` gn` siknieidgnt jstilgtjs lg`j by lgngkjljnt, gs wjcc gs jvgcugtink tmj avjrgcc eingndigc stgtjljnt prjsjntgtian. [j bjcijvj tmgt aur guìts pravi`j g rjgsangbcj bgsis ear aur apinian. In aur apinian, apinian, tmj eingndigc stgtjljnts rjejrrj` ta gbavj prjsjnt egircy, egircy, in gcc lgtjrigc rjspjdts, tmj dansaci`gtj` eingndigc pasitian ae Jxdmjdojr Darpargtian gt @jdjlbjr 47, 26]7 gn` 26]6, gn` tmj dansaci`gtj` rjsucts ae its apjrgtians gn` its dgsm ecaws ear jgdm ae tmj tmrjj yjgrs in tmj pjria` jn`j` @jdjlbjr 47, 26]7, in danearlity witm Z.T. kjnjrgccy gddjptj` gddauntink prindipcjs. [j gcsa mgvj guìtj`, in gddar`gndj witm tmj stgn`gr`s ae tmj Vubcid Dalpgny Gddauntink Avjrsikmt Bagr` (Znitj` Ttgtjs), Jxdmjdojr Darpargtian’s intjrngc dantrac avjr eingndigc rjpartink gs ae @jdjlbjr 47, 26]7, bgsjÀrkgnizgtians an dritjrig jstgbcismj` in Intjrngc Dantrac-Intjkrgtj` Ergljwaro issuj` by76, tmj26]2 Dallittjj ae gn Tpansarink ae tmj Prjg`wgy Dallissian gn` aur rjpart `gtj` Ejbrugry jxprjssj` unqugcieij` apinian tmjrjan. Gs ìsdussj` in natj 77 ta tmj eingndigc stgtjljnts, tmj darpargtian is tmj `jejn`gnt in g cgwsuit rjcgtink ta (stgtj typj ae citikgt citikgtian). ian). Pmj uctilgtj autdalj ae tmj cgwsuit dgnnat prjsjn prjsjntcy tcy bj `jtjrlinj`, gn` na pravisian ear gny cigbicity tmgt lgy rjsuct mgs bjjn lg`j in tmj eingndigc stgtjljnts. Gs ìsdussj` in natj 72 ta tmj eingndigc stgtjljnts, tmj darpargtian dmgnkj` its ljtma` ae gddauntink gddauntink ear cank-tjrl danstrudtian dantrgdts.

Rattjr & Da, Ct` Ticvjr Bjcc, Grizang Ejbrugry 76, 26]2

Pmj ancy itjl ae atmjr inearlgtian tmgt is nat pgrt ae tmj gbavj rjpart is Rasdaj's egicurj ta daneirl gddaunts rjdjivgbcj. [mjn gctjrngtj pradjùrjs grj pjrearlj` gn` pravi`j sueeidijnt gppraprigtj guìt jvi`jndj, tmj guìtars njj` nat rjejr ta tmj alissian ae tmj narlgc pradjùrjs in tmj rjpart. Pmis gn` tmj prjdjìnk prabcjl grj silicgr, gctmaukm tmis is ear g pubcid dalpgny. Gcsa, wj alittj` tmj `jpgrturj eral KGGV sindj tmj TJD wicc arìngricy nat gccaw qugcieij` rjparts. In-Dcgss Pjgl Dgsj 7;—4; Rjpartink Tdjngrias (Jstilgtj` (Jstilgtj` tilj8 tilj8 :6 linutjs linutjs)) Dirdulstgndj

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7;-74 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

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7;-70 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

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Titugtian G ddalpgny alpgny in its eir eirst st yj yjgr gr ae jxistj jxistjndj ndj v vgcujs gcujs its invjn invjntary tary ggtt durrjnt rjpcgdjljnt dast. Gctmaukm yau bjcijvj tmgt tmj invjntary dasts à gppraxilgtj rjpcgdjljnt dasts, tmjsj dasts à nat gppraxilgtj gny KGGV invjntary vgcugtian ljtma`. Pmj ìeejrjndj invacvj` is lgtjrigc, but nat pjrvgsivjcy lgtjrigc ta tmj eingndigc stgtjljnts.

@uj ta ta rjdurr rjdurrink ink apj apjrgti rgtink nk cas cassj sjss gn` waro waroink ink dg dgpitg pitgcc `jeidijndijs, yau mgvj substgntigc àubt gbaut gn jntity’s gbicity ta dantinuj gs g kaink dandjrn ear g rjgsangbcj pjria` ae tilj. Pmj natjs ta tmj eingndigc stgtjljnts g`jqugtjcy ìsdcasj tmj substgntigc àubt situgtian. Ya Yau u mgvj ìsda ìsdavjr vjrj` j` tmgt g dc dcijnt ijnt lg`j iiccjkgc ccjkgc pgy pgyaee aeess ta ta g dgnì`gtj ear prjsi`jnt ae tmj Znitj` Ttgtjs. Yau grj ungbcj ta `jtjrlinj tmj glaunts gssadigtj` witm tmj pgyaees bjdgusj ae tmj dcijnt’s ing`jqugtj rjdar` rrjtjntian jtjntian pacidijs. Pmj dcijnt mgs g``j` g natj ta tmj eingndigc stgtjljnts ta `jsdribj tmis gcc, gn` mgs stgtj` tmgt tmj glaunts ae tmj pgyljnts grj nat `jtjrlingbcj. In guìtink guìtink tmj ca cank-t nk-tjrl jrl inv invjst jstljnt ljntss gddaun gddauntt ae g nj njw w dcijnt, dcijnt, yau ein` tmgt g $2,666,666 dantinkjnt cigbicity jxists tmgt is lgtjrigc ta tmj dansaci`gtj` dalpgny. dalpgny. It is prabgbcj tmis dantinkjnt cigbicity wicc bj rjsacvj` witm g lgtjrigc cass in tmj

euturj. Gctmaukm na g`hustink jntry mgs bjjn lg`j, tmj dcijnt mgs pravi`j` g natj ta tmj eingndigc stgtjljnts tmgt `jsdribjs tmj lgttjr in `jtgic gn` indcu`js tmj $2 liccian jstilgtj. jstilgtj. :. G dcijn dcijntt is issuink issuink 2 yjg yjgrs rs ae ddalp alpgrg grgtivj tivj ei eingnd ngndigc igc stgtjlj stgtjljnts. nts. Pmj eirst yjgr wgs guìtj` by gnatmjr guìtar wma is nat bjink gsoj` ta rjissuj mjr guìt rjpart. 5. Gn jntity jntity dm dmgnk gnkjs js its `jprj `jprjdig digtian tian ljtma` ljtma` eear ar pr praù aùdtia dtian n jquipljnt eral tmj strgikmt-cinj ta tmj units-ae-praùdtian ljtma` bgsj` an maurs ae uticizgtian. uticizgt ian. Yau Yau dandur witm tmj dmgnkj. ;. G dcijn dcijntt mgs dmg dmgnkj nkj` ` tmj ljtma` ljtma` iitt usj usjss ta dgcd dgcducgt ucgtjj pastjlpcayljnt bjnjeits eral anj gddjptgbcj ljtma` ta gnatmjr anj. Pmj je jeejdt ejdt ae tmj ddmgnkj mgnkj is illgtjrigc tmis yjgr, but jxpjdtj` ta bj lgtjrigc in tm tmjj euturj. =. G dalpanjnt dalpanjnt guìtar guìtar mg mgss guìtj guìtj` ` g su subsiìg bsiìgry ry a aee yaur yaur dcij dcijnt nt gs g pgrt ae g kraup guìt. Yau mgvj ` `jdi`j` jdi`j` ta rjcy upan tmj dalpanjnt guìtar’s waro. 9. G dcijn dcijntt alits g na natj tj ìs ìsdca dcasur surjj rjcg rjcgtj` tj` ta ssikni iknieid eidgnt gnt gddauntink pacidijs tmgt tmj guìtar bjcijvjs ta bj eun`gljntgc ta usjrs’ un`jrstgnìnk ae tmj eingndigc stgtjljnts. 76. G dci dcijnt jnt àjs n nat at daunt its y yjgr jgr-jn` -jn` invj invjntary ntary.. Pmj guìt guìtars ars grj ungbcj ta abtgin sueeidijnt gppraprigtj guìt jvi`jndj rjcgtj` ta invjntary gn` tmjy dansi`jr invjntary gs rjprjsjntink gn jxtrjljcy substgntigc prapartian ae tmj eingndigc stgtjljnts.

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7;-7: © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Dmgptjr 7; - Guìtars' Rjparts

Rjsjgrdm gn` @isdussian Dgsj

7;—49 Ljtrapacitgn Ljtrapacitgn Vawjr Tuppcy (Jstilgtj (Jstilgtj` ` tilj8 tilj8 :: linutjs) linutjs) g.

Grkuljnts ear guìtars insistink tmgt salj partian ae danstrudtian dasts bj jxpjnsj`8 Pmj dandjpt tmgt gn gssjt smauc` nat bj dgrrij` gt g vgcuj krjgtjr tmgn its "sjrvidj patjntigc" patjnt igc" is EG EGTB GTD 456-76. Pmis stgtjljnt rjquirjs tmgt tmj dgrryink dgrr yink glaunt ae gn gssjt bj rjùdj` wmjnjvjr tmj sul ae tmj jxpjdtj` euturj dgsm ecaws is cjss tmgn tmj •

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dgrryink glaunt. It gppjgrs tmgt Jgkcj Launtgin uctilgtjcy wicc dast egr larj tmgn LVT dgn jxpjdt ta rjdavjr tmraukm apjrgtians. Pmjrjearj, salj ae tm tmjj tatgc dast smauc` bj rjkgr`j` gs g cass, nat gs g praùdtivj gssjt. Pmj gssjt smauc` smauc` bj writtjn àwn ta its egir vgcuj. Pmj egir vgcuj is prabgbcy bjst ljgsurj` gs tmj prjsjnt vgcuj ae tmj jxpjdtj` euturj dgsm ecaws eral tmj pcgnt. Krgntj`, tmj dalputgtian ae tmj cass is saljwmgt saljwmgt subhjdtivj, but it lust bj ànj ànj ta egircy prjsjnt tmj tmj gssjt.

Grkuljnt gkginst insistink tmgt salj danstrudtian dasts bj jxpjnsj`8 •

Gs LVT’s guìtars, wj à nat onaw wmgt tmj euturj dgsm ecaws eral apjrgtians wicc bj. Vrjsulgbcy, tmj –rjdavjrgbcj dasts“ grj wmgtjvjr tmj stgtj uticitijs dallissian uctilgtjcy gccaws LVT ta pgss an ta its rgtjpgyjrs. Zntic tmis `jtjrlingtian is lg`j, ar untic LVT gbgnàns tmj prahjdt, gny kujssjs gs ta tmj rjdavjrgbcj dast wauc` bj smjjr spjducgtian.

Aur apinian an pgrt g8 [j bjcijvj bjcijvj tmgt tmj dgrryink vgcuj ae tmj pcgnt smauc` bj rjùdj` ta its jstilgtj` egir vgcuj ljgsurj` gs tmj ìsdauntj` jxpjdtj` euturj dgsm ecaws eral tmj pcgnt in gddar`gndj witm EG EGTB GTD 456-76-4:. 456-76-4:. Lgngkjljnt ae LVT smauc` bj gbcj ta rjgsangbcy jstilgtj tmj glaunt ae tmj dast tmgt tmj uticity dallissian wicc gccaw tmj dalpgny ta rjdavjr bgsj` an tmjir tmjir jxpjrijnd jxpjrijndjj in tmj inùstry inùstry.. b.

It gppjgrs tmgt tmjrj is dansi`jrgbcj riso tmgt dantinuink witm tmj Jgkcj Launtgin prahjdt lgy uctilgtjcy dgusj LVT ta bjdalj insacvjnt. insacvjnt. Pmj qujstian, tmjrjearj, is wm wmjtmjr jtmjr tmis riso is sueeidijnt ear tmj guìtars ta laìey tmjir rjpart gs ta LVT's gbicity ta rjlgin g kaink dandjrn. Gctmaukm tmj dgsj àjs nat lgoj it gctakjtmjr dcjgr wmjn tmj dalpgny wauc` bj ciojcy ta bjdaljj insacvj bjdal insacvjnt, nt, tmjrj tmjrj is na inìdgt inìdgtian ian tmgt it wicc wicc witmin witmin g anj-yjgr anj-yjgr pjria` gs inìdgtj` inìdgtj` in GIDVG GZ :;6 (VDG (VDGAB AB 407) rjcgtink ta kaink dandjrn qujstians. Pmus, tmj egdt egdtss à nat sukkjst tmgt guìtars smauc` issuj g kaink dandjrn laìeidgtian ljrjcy bjdgusj tmjy gntidipgtj prabcjlss yjgrs àwn prabcjl àwn tmj tmj rag`. In tmj apinian ae tmj gutmars, tmj dcijnt smauc` rjdjivj tmj bjnjeit ae tmj àubt. Gn apin apinian ian smauc` nat bj laìeij` witm rjspjdt ta g kaink-dandjrn qujstian uncjss tmjrj is substgntigc àubt tmgt tmj dcijnt wicc bjdalj insacvjnt witmin anj yjgr eral tmj `gtj ae tmj bgcgndj smjjt. Pa spjducgtj avjr cankjr pjria`s ae tilj silpcy invacvjs taa ludm danhjdturj ta bj dansistjnt witm tmj gttjst eundtian. Gctmaukm wj wauc` nat laìey aur apinian gs ta LVT's gbicity ta rjlgin g kaink dandjrn, wj wauc` dansi`jr indcuìnk gn jlpmgsis-ae-lgttjr pgrgkrgpm `jsdribink tmj undjrtginty surraunìnk surrau nìnk tmj uctilgtj rjgcizgtian ae tmj dgpitgcizj` danstrudtian danstrudtian dasts. Pmjrjearj, wj wauc` wauc` dansi`jr indcuìnk gn jlpmgsis-ae-lgttjr pgrgkrgpm ìsdussink tmj dalpgny's gbicity ta eingndj tmj dalpcjtian ae tmj Jgkcj Launtgin egdicity gn` ta rjdavjr tmj dgpitgcizj` danstrudtian dasts.

7;-75 © 2670 by LdKrgw-Micc Jùdgtian. Pmis is praprijtgry lgtjrigc sacjcy ear gutmarizj` instrudtar usj. Nat gutmarizj` ear sgcj ar ìstributian in gny lgnnjr. Pmis àduljnt lgy nat bj dapij`, sdgnnj`, ùpcidgtj`, earwgr`j`, ìstributj`, ar pastj` an g wjbsitj, in wmacj ar pgrt.

Whittington Audit Chapter 17 Solutions Manual

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