cannot pay a note due that day. It is a $500‚000 note with $50‚000 accrued interest payable to Edsen‚ Inc. Edsen agrees to forgive the accrued interest‚ extend the maturity date to December 31‚ 2008‚ and reduce the interest rate to 4%. The present value of the restructured cash flows is $428‚000. Instructions Prepare entries for the following: (a) The restructure on Poore’s books. (5 points) (b) The payment of interest on December 31‚ 2007. (5 points) (c) The restructure on Edsen’s books
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are associated only with sophisticated products such as aircraft. D. cannot form the basis for international trade . E. None of the above. Answer: B 5. A monopolistic firm A. can sell as much as it wants for any price it determines in the market. B. cannot determine the price‚ which is determined by consumer demand. C. will never sell a product whose demand is inelastic at the quantity sold. D. cannot sell additional quantity unless it raises the price on each unit. E. None of the above
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Equity Equity means social justice or fairness; it is an ethical concept‚ grounded in principles of distributive justice.39–[->0]42[->1] Equity in health can be—and has widely been—defined as the absence of socially unjust or unfair health disparities.1‚[->2]6[->3] However‚ because social justice and fairness can be interpreted differently by different people in different settings‚ a definition is needed that can be operationalised based on measurable criteria. For the purposes of operationalisation
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QUESTION 1. Equity has made the law more fair. Discuss Equity can be defined in a technical sense as a branch of law administered by the court of chancery before the passing of the Judicature Act (1873-1875) with a view of supplementing the common law rules. Equity developed because of the problems of the common law. The word ’equity’ has a meaning of ’fairness’ and this is the basis on which it operates. The existing law as at the time equity arose was common law‚ equity acted as a supplement
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The word ‘equity’ can be seen to have a wide range of meanings- to many it is a synonym for ‘fairness’ or justice’. Those within the legal community recognise equity as the body of rules developed and applied by the Court of Chancery; a court previously presided over by the Lord Chancellor with rules developed under his authority. The law of equity developed due to the inflexibility of the common law. Before the development of equity‚ The law was rigid (which was often cited as a weakness) for example
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influenced on his christen faith. Marx was deeply troubled and wrote many literary works that expressed this demonic and dark side. In the 1850’s there was rumor of Marx covering up an illegitimate son as well as his works starting to collect monetary value. In 1867‚ Marz wrote Das Buch‚ which explained all his views of communism‚ and capitalism‚ which changed the course of
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Kelsey Carpenter MKT 520 Hi Value Supermarket Case March 20‚ 2014 Hi-Value Supermarkets Competitive Environment - Market shares change a lot - 3 Hi-Value stores compared to only one each of competitor stores in area - 30% of shopper say that Hi Value is overpriced - Centralia trade area had total retail sales of $725 million in 2002 - There are 20 establishments in Centralia that sell food and beverages - Competitors drew their customers from larger areas outside of Centralia
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David Fine ACC641- corp tax 2 Chapter 7 Intro * Just like companies are able to be created tax free‚ corporations are given the ability to restructure and reorganize as long as they follow the code rules * Since the reorganizations are usually substantial‚ the tax implication can be significant * The taxable gain for a shareholder is likely to be treated as either a dividend or a capital gain. * These tax classifications are less then the rates for ordinary income
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Pi’s Survival In the novel‚ Life of pi‚ the author Yann Martel shows that the tiger‚ Richard Parker‚ influences pi’s survival greatly. All of pi’s morals and beliefs get tested as he gets thrown into a lifeboat in the middle of the ocean with a tiger. He begins to learn that to survive himself he must learn to survive with this tiger. Richard parker keeps Pi alive and influences his survival by acting as a defense mechanism and keeping him mentally and physically stable. Throughout Pi’s survival
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Life of Pi by Yann Martel is a fantasy adventure story‚ but with an underlying theme that I never expected. Let me begin with a brief synopsis. This is the story of Piscine Patel‚ nicknamed Pi‚ and his misadventures. He is a young teenage Indian boy‚ son of a zoo owner. Importantly‚ he is a practicing Hindu‚ Christian‚ and Muslim. His experiences growing up with animals‚ his family‚ and his faiths are the main topic of the first part. The second part of the book is about his misadventures at sea
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