Riggs‚ Inc. v. CIR.‚ 64 TC 474 (1975)‚ acq. 1976-2 C.B. 2. Facts Sec. 332‚ I.R.C. 1954‚ applicable to avoid recognition of gain on liquidation of subsidiary. Taxpayer owned 80% of the stock of the subsidiary on the date of the adoption of the plan of liquidation within the meaning of sec. 332(b). The respondent argues that at the time of the adoption of the liquidation‚ the petitioner did not owned more than 80% of the subsidiary’s stock. Therefor‚ no Sec. 332 benefit should be taken‚ resulting in
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Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
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Quiz 1- Spring 2013 Group 1 1. Which of the following concerning the relationship between risk and return is correct? A. Investors do not need to be compensated for taking on risk. B. Investors generally demand higher return for lower risk investments. C. Safer investments tend to have lower returns. D. Higher risk investments provide lower returns. E. Risk and return are not related. 2. Which of the following concerning the relationship between risk and return is correct? A. Risk
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. In 1984‚ the Corporation has computed depreciation expense on plants‚ machinery and equipment using the straight-line method for financial reporting purposes. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change
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of assets Others Mandatory redemption Board Seats Other Term Sheet Features Vesting Covenants Liquidity Preferences Anti-Dilution Protection Board Seats Please read the Note on Private Equity Securities Liquidation – Quick Review Deemed liquidation event Liquidation preference (2X‚ 3X‚ etc.) Non Participating Fully Participating Qualified public offering (QPO) Facebook Cap Table Biggest VC Success Story Anti-Dilution Protections Down round Full-ratchet vs. weighted
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he LThe Law of Distressed Real Estate Foreclosure‚ Workouts‚ Procedures By Baxter Dunaway This article is a reprint of Chapter 24 of The Law of Distressed Real Estate‚ and includes the latest information in real estate workout‚ foreclosure and bankruptcy law. It is an exhaustive analysis and dissection of the bankruptcy reorganization process under Chapter 11 of the Bankruptcy Code and focuses on single-asset real estate entities and cases. This chapter was written by John C. Murray‚ Esq.‚ Vice
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the law. However‚ the vast majority‚ almost 89%‚ of Irish companies[1] are private limited companies‚ do not have such resources available to them. In reality‚ the majority of private limited companies operate as quasi partnerships. Quasi-partnerships are similar to partnerships in that they are informally run‚ the shareholders and directors are often the same people‚ but they have been incorporated to avoid personal liability. A common feature of Irish business is the prevalence of companies that
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ผลตอบแทนที่ผู้ถือหุ้นคาดหวังในหุ้นแต่ละตัวจึงไม่เท่ากันด้วย • ปัจจัยที่มีผลกระทบกับค่าเบต้า ก็คือปัจจัยที่จะส่งผลให้ราคาหุ้นมีการเปลี่ยนแปลงไปในทางที่ดี กว่าหรือแย่กว่าตลาดนั่นเอง โดยทั่วไปก็มักจะได้แก่ 1. ขนาดของบริษัท 2. ความผันผวนของรายได้ของธุรกิจ 3. อัตราการกู้ยืมของบริษัท Liquidation Stock Price และ Going Concern Stock Price ตัวอย่าง บริษัทมีหนี้สิน 400 ล้าน มีส่วนของผู้ถือหุ้น 100 ล้าน ขอให้เพื่อนๆทราบว่า ต้นทุนของเงินประเภทก่อหนี้ เรียกว่า Cost of Debt ใช้ชื่อย่อว่า Kd ในกรณีนี้สมมติว่าเท่ากับ 10 % และต้นทุนของเงินที่ได้จากผู้ถือหุ้น
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(Costs of issuing shares) Exercise 12.8 Liquidation of acquiree‚ accounting by acquirer BATHURST LTD – CROKER LTD Acquisition analysis Consideration transferred = $20 000 (cash) + $40 000 (shares: 16 000 x $2.50) = $60 000 A. Ledger Accounts – Croker Ltd Liquidation $ $ Inventory 26 000 Accounts payable 20 000 Accounts receivable 20 000 Goodwill 10 000 Receivable - Bathurst Ltd 60 000 Cost of liquidation 1 000 Balance b/d 23 000 Retained
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [attorney info redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Attorneys for Defendants PQRS Corporation‚ Tom Adams and Kenny Adams‚ and for self‚ in pro per The FAC contained 11 causes of action against which I wrote 23 demurrers‚ which are stated below‚ with the judge’s rulings inserted in red. 19 demurrers were sustained (one of these was sustained with NO leave to amend‚ thereby eliminating the seventh
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