1. Sadie incorporates her sole proprietorship with assets having a fair market value of $80‚000 and an adjusted basis of $100‚000. Even though § 351 applies‚ Sadie may recognize her realized loss of $20‚000. F True False 2. For § 351 purposes‚ stock warrants are included in the definition of "stock." F True False 3. In order to retain the services of Paige‚ a key employee in Byron’s sole proprietorship‚ Byron contracts
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SHORT TABLE OF CONTENTS: 1. Purpose Statement 2. General Description / Syllabus 3. Marketing Research 4. Marketing Perception 5. Research on Snowy Brand 6. Competition Analysis 7. New Snowy Products & Services 8. Platform to Stimulate Sales at Snowy 9. Conclusions 10. Bibliography ABSTRACT MOTIVATION • Marketing research o lately global increasing significance; o but can not be said that is reached maturity yet; o it’s wrongly done when something seems to go wrong in
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callable at 120 at any time on or after 12/31/2013. JP Corp uses effective interest rate method to calculate their interest expense each period. (12 points) Required: 1) Calculate the issue price of the bonds. Present value of face amount = $1‚000‚000*0.37689 = 376‚890 Present value of interest payments = $60‚000*12.46221 = 747‚733 Total price of bonds at issuance = 1‚124‚623 Face amount discount factor from PV of $1‚ n = 20‚ i = 5% Interest payment amounts = $1‚000‚000*12%*1/2 = $60
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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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a. 150‚000 b. 100‚000 c. 550‚000 d. 240‚000 6. Where there is a production cycle of more than one for a biological asset‚ PAS 41 encourages separate disclosure of a. Physical change only b. Price change only c. Total change in value d. Physical change and price change 7. Financial accounting is the area of accounting that emphasizes reporting to a. Management b. Regulatory bodies c. Internal auditors d. Creditors and investors 8. An investor purchased a bond as
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A range of values is presented by four Regional Sales Managers; each region includes the minimum‚ most likely and maximum sales values of a random variable. The sample data is described as simple‚ limited‚ and somewhat scarce; therefore‚ given the grade of uncertainty‚ the most appropriate and suitable distribution to use is the Triangular distribution. The Monte Carlo Simulation from Microsoft Excel @Risk‚ will calculate “a model output value many times with different input values. The purpose
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The following are three online journals of Historical Cost and Fair Value: 1. Summary of HISTORIC COST VERSUS FAIR VALUE In accounting historical cost is the original or nominal amount of money paid for asset rather than inflation adjusted price. In other words it is the resource given up or a liability incurred to acquire an asset. The historical cost principle states that the asset should be reported at it cost (cash or cash equivalent amount) at the time of exchange and should include all
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Snowy owl mason coyne p.1 The common name of my species is snowy owl the scientific name is (Nyctea scandiaca.) The snowy owl is threatened because of collisions with automobiles‚ utility lines and gunshot wounds. These birds are being i killed for their eyes and feet‚ which are traded in Asian markets. There are about 290‚000 snowy owls in the world. The snowy owl lives in Northern most Canada‚ Alaska‚ polar‚ tundra‚ grasslands‚ or frozen lakes. Snowy
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should record sales revenue in January 2010 of what? Present value of annuity due PVad = [ $80‚000 x f( n=7‚ i=10%)] x (1+.10) PVad = $80‚000 x 4.868 x 1.10 = $428‚384 2.) On January 1‚ 2010‚ Haley co. issued ten-year bonds with a face amount of $2‚000‚000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. What was the total price of the bonds? Requires both Present value of a single sum and ordinary annuity PVss = $2‚000‚000 x f(
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Under fair value accounting‚ earnings of a firm constitutes three broad components namely asset income‚ realized gains and unrealized gains. What impact does this have on a firm’s earnings quality given that the main shift from current accounting standards is the inclusion of unrealized gains into earnings computation? Often‚ it holds true that what matters is not how much a firm makes‚ but how it makes its money . Investors value earnings that are sustainable‚ inherent to a firm’s business and
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