Property donated to a charity instead of sold
How does the recognition of ordinary income change for the individual and the corporation if the property is donated to a charity instead of sold?
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Food services are used by employees in the human resources dept. Would a share of food service costs be allocated to human resources under the direct method of allocation?
The original lawsuit filed in the HP case claimed that the executives breached their fiduciary responsibilities. What are the fiduciary responsibilities of executives and members of the board of directors to shareholder? How were these obligations
Prepare a value analysis for the acquisition and record the acquisition. Prepare a pro forma income statement for the combined firm for 2011. Show supporting calculations for consolidated income. Ignore tax issues.
Kiln Corporation issues 20,000 of its $10 par common stock with a fair value of $25 per share for the net assets of Williams Incorporated.
Your client is a self-employed real estate agent who is considering the purchase of a $60,000 luxury vehicle to be used 80% for business and a $4,000 computer to be used 100% for business located in his home. What depreciation methods are availabl
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Dubois Inc. wishes to accumulate $1,300,000 by December 31, 2020, to retire bonds outstanding. The company deposits $200,000 on December 31, 2010, which will earn interest at 10% compounded quarterly, to help in the retirement of this debt.
Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:
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