ACC 421 – February 2013 Written Assignment 3 Chapter 4 Question 13 (who is the taxpayer?) Unfortunately Anita is not correct in her analysis because her and the attorney are not partners. That would make her gross income the full amount of the settlement‚ which is $480‚000‚ and because the settlement is associated with a discrimination lawsuit‚ she is allowed a $160‚000 deduction for AGI. Problem 31 (accrual versus cash basis)
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M International Date: June 15‚ 2015 Prepared by: Fiona Wong Reviewed by: Professor Amanda Hurley ISSUE: Accounting for M International’s loss contingency for a verdict overturned on appeal. BRIEF BACKGROUND OF COMPANY W Inc‚ “W”‚ is a competitor of M International‚ “M”. In 2007‚ W filed a claim against M for patent infringement. By the end of that year‚ M estimated a $15-20 million loss‚ with $17 million being the most likely. On September 2009‚ a jury determined M has to pay $18.5 million in
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This archive ACC 290 Entire Course includes following files: ACC 290 Week 1 Assignment Financial Statements Paper.doc ACC 290 Week 1 DQ1 V2.doc ACC 290 Week 1 DQ1.doc ACC 290 Week 1 DQ2 V2.doc ACC 290 Week 1 DQ2.doc ACC 290 Week 1 DQ3 V2.doc ACC 290 Week 1 DQ4 V2.doc ACC 290 Week 1 DQ5 V2.doc ACC 290 Week 2 DQ1 V2.doc ACC 290 Week 2 DQ2 V2.doc ACC 290 Week 2 DQ3 V2.doc ACC 290 Week 2 DQ4 V2.doc ACC 290 Week 2 Learning Team Reflection.doc ACC 290 Week 2 WileyPLUS Assignment Week Two.doc ACC 290 Week 3
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P4-39 a) Net Operating profit after Taxes (NOPAT) * NOPAT2011= 2114-714-2 +(51-87)*.37 * NOPAT2011=$1389 b) Net Operating Assets (NOA)= Operating Assets- Operating Liabilities * NOA2011= (17849-1103-22) - (8663-557-441)- 1183 NOA2011= $7876 * NOA2010= (18302-1826-90) – (8978-663-35) – 1256 NOA2010= $6850 c) RNOA2011= NOPAT/ AVG NOA * RNOA2011= 1389/((7876+6850)/2) RNOA2011= 18.86% NOPM2011= NOPAT/SALES * NOPM2011= 1389/50272 NOPM=2.76% NOAT2011=
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1. Arredondo‚ Inc. has current assets of $2‚170‚ net fixed assets of $9300‚ current liabilities of $1350‚ and long-term debt of $3980. Building a balance sheet for this company‚ address the following questions: a. What is the value of the shareholders’ equity account for this firm? b. How much is net working capital? Arredondo‚IncBalance Sheet | Assets Liabilities and Owener`s EquityCurrent assets $2‚170 Current
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Leonidas and the Brave 300 “This is Sparta”. This line was made famouse in now the Popular movie “300”. It is a story about king of Sparta Leonidas and 300 Spartan soldiers as they stood against the force of the Persians. But what is the real story about Leonidas and his 300 soldiers. Little is known about Leonidas other then stories about him that was written. According to the ancient Greek historian Herodotus in The History of Herodotus‚ Leonidas was in command of the now famous 300 Spartans who were
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Describe‚ in less than 300 words‚ a short essay on a subject of personal importance to you. You may choose any topic. Examples include: an event which has influenced you or a family member/friend/person who had a significant influence on you. Last September 2012‚ my brother came to Singapore. Hence I spent most of the weekends with him. During our free time‚ he shared with me what he fathomed from his reading. Among that were his lessons about “Principles”.
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understanding that only the strongest survived. This allowed them to be the best of the best‚ although they had really rough training to remain the best of the best. This writing will give a basic outline of the Spartans during this era and show how the movie 300 relates to history. Spartans were bread to be good soldiers. Upon a male birth‚ its life was determined to be a solider or to end as a baby. If this child was born with any problems or weaknesses while being inspected it would be thrown over a cliff
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Competition in the Movie Rental Industry in 2008: Netflix and Blockbuster Battle for Market Leadership 2. What forces are driving changes in the movie rental industry and are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability? -The economy is one of the reasons why rental industry went down. Less people are able to rent a lot of movies. -Second and main reason that drives
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More Practice for the Final Exam Adjusting Entries Key _____ 1. Accruals occur when cash flows: A) Occur before expense recognition. B) Occur after revenue or expense recognition. C) Are uncertain. D) May be substituted for goods or services. Answer: B _____ 2. An example of a contra account is: A) Depreciation expense. B) Accounts receivable. C)
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