The 300-acre SAS campus and you will discover one of the most perk-friendly workplaces in the world. Feeling stress? Visit the weight room, billiards hall, sauna, or swim in the Olympic-size pool. You might also consider a walk through the oaken woods or a visit to the meditation garden. Need basic health care? Visit the health-care center staffed by four physicians, 10 nurse practitioners, nutritionists, physical therapists, and a psychologist. Footnote The architect of this rare corporate culture is Jim Goodnight, former professor at North Carolina State University. He takes pride in the low rate of employee turnover and the high morale among his workers. Goodnight plans to continue adding employee benefits while many other companies are cutting jobs, pay, and perks. During an interview with Fortune magazine editors he said, “My chief assets drive out the gate every day. My job is to make sure they come back.”

When the whole person (total person concept) is improved, significant benefits accrue to the firm. In what ways has SAS embraced the total person concept?

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.