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gaap non profit

2. Accounting earnings are based on the assumption of accounting instalments, which refers to the production and operation results of a certain period of time. Early accounting earnings is calculated according to the cash basis, and the modern accounting earnings is according to the classification current income and expenses of accrual basis, after the appropriate ratio calculated. However, the benefits of cash determination are more acceptable to users. The city of bentugon salvis, in the southwestern state of Rio grande do, has a reputation as the "capital of Brazilian wine" and has a history of almost 150 years. Nearly 85 per cent of Brazil's wine is produced in more than 700 vineyards, which have a total area of less than 400 square kilometres. The wine is fresh and balanced with cabernet sauvignon, merlot and chardonnay. International online report (guo hao, China Radio International) : when it comes to South American wine, the first thing that comes to mind is the export of wine from Chile to Argentina. But in recent years, wine from the mountains of south Rio grande, southern Brazil, has been rising to prominence in the international wine market because of its crisp taste and high "cost performance". And China, a big consumer of wine, is a "key target" for Brazilian vintners. In the past year, Brazil has exported nearly 200,000 bottles of wine to China, and some Brazilian wineries have set up shop in China and even opened online stores. Brazilian red wine is quietly entering the Chinese people's table. In just three days, the yield on the 30-year Treasury bond jumped 16 basis points, the biggest gain since December 2008. The two-year - 30-year spread widened at the fastest rate since last year's U.S. election. This week the yield curve flattens out. Is it a short adjustment or a bear market start?