14. Is there any depreciation recapture under a Code Sec. 351 exchange? Under Code Sec. 351 if gain is recognized on the exchange because boot is received‚ it is characterized as ordinary income to the extent of depreciation recapture. 20. What tax years are available to corporations? How do the options differ from other forms of business organizations? The two tax years available to corporations are fiscal or calendar. However other business forms‚ such a sole proprietorships or partnerships
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THE RULE OF FOSS V/S HARBOTTLE There are 2 elements present for this rule to happen. They are found in the case of Edwards v/s Halliwell. • It is the proper plaintiff in an action in respect of a wrong done to a company is prima facia the company itself. • Where the alleged wrong is a transaction which might be made binding on a company and all its members. No individual member is allowed to maintain an action in respect of that matter. This means that whenever there is a transaction within the
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SEC 10K Report for Johnson & Johnson; NYSE: JNJ ACCT 221 October 09‚ 2014 The purpose of this report is to provide analysis of SEC 10K for Johnson & Johnson (JNJ). JNJ was incorporated in the State of New Jersey in 1887. JNJ and its subsidiaries have approximately 117‚900 employees worldwide engaged in the research and development‚ manufacture and sale of a broad range of 250 operating companies conduction business in all countries of the world. JNJ’s
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Changing the Rule on Dress Code The dress code in public schooling has been a controversial issue forever. I feel some type of dress code would cut down some of the everyday problems that schools have today. School uniforms and dress codes in public schools are not a good idea because you can’t express yourself the way you want to. I disagree with the school dress code because it doesn’t allow people to express themselves‚ people can’t dress for the weather‚ and it doesn’t let people choose how
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Today the school dress code positively impacts teenagers. Our dress code today allows us to wear what we want‚ so we can express ourselves through our style. In addition‚ it allows us to feel more comfortable in schools. Therefore‚ the school dress code implemented at Mechanicsburg Area Senior High School (MASH) is better for teenagers today than it was for them in the 1960s because of stricter dress codes‚ comfort‚ and less gender specific clothing. The school dress code today is less strict than
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Auditor’s Independence: A Study on ACNABIN‚ Chartered Accountants Auditor’s Independence A Study on ACNABIN-Chartered Accountants Firm Table of Content CHAPTERS PARTICULARS PAGES Chapter -1 Introduction 1.1 Introduction 1.2 Background 1.3 Scope of the Study 1.4 Objectives of the Study 1.5 Methodology of the Study 1.6 Limitation of the Study Chapter-2 Literature Review 2.1 DEFINITION OF AUDIT 2.2 Understanding Independence 2.3 Auditor’s
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Rules of Professional 1 Rules of Professional Ethics and Conduct Kay M. Massengill Strayer University ACC 499 Accounting Capstone Professor Randolph Stanley December 2‚ 2012 Rules of Professional 2 This research paper is on Rules of Professional Ethics and Conduct of the American Institute of Certified Public Accountants. They will be four cases that will be discussed
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(AIPCA) stress the need for their members to follow a code of ethics. The AICPA code is the primary source of guidance for those that practice public accounting while the IMA is concerned with a broader role for accounts and financial professionals that work inside the companies. There are likenesses and there are variances between the two but the main objective is to set professional standards for all types of accounting. The IMA and AICPA codes have a few similarities. Both discuss the importance
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sun‚ one should use a: C) Magnifying lens. 14. The change from daylight to darkness is caused by the: C) Rotation of the earth. 15. A substance that is readily absorbed through the walls of the stomach is: B) Alcohol. 16. The positively charged particle in the nucleus of an atom is a(n): A) Proton. 17. Which one is most different from the other three? B) Moon. 18. Sulfur is mined chiefly for the production of: C) Sulfuric acid. 19. To which organism is the whale most closely
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Republic of the Philippines SUPREME COURT Manila EN BANC G.R. No. 78909 June 30‚ 1989 MATERNITY CHILDREN’S HOSPITAL‚ represented by ANTERA L. DORADO‚ President‚ petitioner‚ vs. THE HONORABLE SECRETARY OF LABOR AND THE REGIONAL DlRECTOR OF LABOR‚ REGION X‚respondents. MEDIALDEA‚ J.: This is a petition for certiorari seeking the annulment of the Decision of the respondent Secretary of Labor dated September 24‚ 1986‚ affirming with modification the Order of respondent Regional Director of
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