Writing Assignment   Intermediate Accounting I     S2016 CA4-4.  (Income Reporting Items) Simpson Corp. is an entertainment firm that derives approximately 30% of its income from the Casino Knights Division, which manages gambling facilities. As auditor for Simpson Corp., you have recently overheard the following discussion between the controller and financial vice president. Vice President: If we sell the Casino Knights Division, it seems ridiculous to segregate the results of the sale in the income statement. Separate categories tend to be absurd and confusing to the stockholders. I believe that we should simply report the gain on the sale as other income or expense without detail.? Controller: Professional pronouncements would require that we report this information separately in the income statement. If a sale of this type is considered unusual and infrequent, it must be reported as an extraordinary item. Vice President: What about the walkout we had last month when employees were upset about their commission income? Would this situation not also be an extraordinary item? Controller: I am not sure whether this item would be reported as extraordinary or not. Vice President: Oh well, it doesn't make any difference because the net effect of all these items is immaterial, so no disclosure is necessary. Instructions (a)  On the basis of the foregoing discussion, answer the following questions. Who is correct about handling the sale? What would be the correct income statement presentation for the sale of the Casino Knights Division? (b)  How should the walkout by the employees be reported? (c)  What do you think about the vice president's observation on materiality? (d)  What are the earnings per share implications of these topics? Specifications: Assignment should be (1) an APA paper, (2) double spaced, 12 font, 1 inch margin (top, bottom, left and right), and (3)  at least three (3) sources other than the textbook.(4) The paper should have at least 3 pages of research content information. Due Date: Tuesday, July 5th I     S2016 CA4-4.  (Income Reporting Items) Simpson Corp. is an entertainment firm that derives approximately 30% of its income from the Casino Knights Division, which manages gambling facilities. As auditor for Simpson Corp., you have recently overheard the following discussion between the controller and financial vice president. Vice President: If we sell the Casino Knights Division, it seems ridiculous to segregate the results of the sale in the income statement. Separate categories tend to be absurd and confusing to the stockholders. I believe that we should simply report the gain on the sale as other income or expense without detail.? Controller: Professional pronouncements would require that we report this information separately in the income statement. If a sale of this type is considered unusual and infrequent, it must be reported as an extraordinary item. Vice President: What about the walkout we had last month when employees were upset about their commission income? Would this situation not also be an extraordinary item? Controller: I am not sure whether this item would be reported as extraordinary or not. Vice President: Oh well, it doesn't make any difference because the net effect of all these items is immaterial, so no disclosure is necessary. Instructions (a)  On the basis of the foregoing discussion, answer the following questions. Who is correct about handling the sale? What would be the correct income statement presentation for the sale of the Casino Knights Division? (b)  How should the walkout by the employees be reported? (c)  What do you think about the vice president's observation on materiality? (d)  What are the earnings per share implications of these topics? Specifications: Assignment should be (1) an APA paper, (2) double spaced, 12 font, 1 inch margin (top, bottom, left and right), and (3)  at least three (3) sources other than the textbook.(4) The paper should have at least 3 pages of research content information.

The recent advances in information and communication technology (ICT) have promoted the evolution of the conventional computer-aided manufacturing industry to smart data-driven manufacturing. Data analytics in massive manufacturing data can extract huge business values while it can also result in research challenges due to the heterogeneous data types, enormous volume, and real-time velocity of manufacturing data.Need to explain in detail about research benefits as well as the challenges associated with Big Data Analytics for Manufacturing Internet of Things.