ACCT553 Week 2 Homework Kameka Donley _________________________________________________________ Please provide your answer to each question in the space provided below. When finished‚ submit to the DropBox. Chapter 4 1. Your brother is short on cash and cannot pay his rent this month. You pay his rent for him. Is this taxable income to your brother? Do you get a deduction? (2 pts) No‚ this is not taxable income for my brother… The first $13‚000 that my brother receives
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ACC-550 / Week 1 Homework CHAPTER 1 CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false‚ explain why the statement is false. 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. True 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. False (all companies must comply to all standards and
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option on Ford stock with a strike price of $10. The option will expire in exactly 6 months’ time. a. If the stock is trading at $8 in 6 months‚ what will be the payoff of the put? • Payoff-max=(10-s)=max (10-8) the owner of put option will gains $2 b. If the stock is trading at $23 in 6 months‚ what will be the payoff of the put? • Payoff-max=(10-s)=max (10-23)=-13 the owner of put option will loses $13 c. Draw a payoff diagram showing the value of the put at expiration as a function of the
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LAW 200 Assignment Sept‚ 8th 2013 Prepared By Zeeshan Rahman ID # 093 0194 530 Prepared For Shaheen Ahmed (SHD) Section 10 Introduction Company Defined According to Lord Justice Lindley‚ “By a company is meant association of many person who contribute money or money’s worth to a common stock and employ it for a common purpose. The common stock so contributed is denoted in money and is the capital of the company. The persons who contribute it or to whom it belongs are members. The
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E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing stage. 4. Lease prepayment (6 months’ rent paid in advance). 5. Cost of equipment obtained. 6. Cost of searching for applications of new research findings. 7. Costs incurred in the formation
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Conceptualizing a Business Christine Rudersdorf Bus/475 HOMICIDE CLEANUP My business is defined as a cleaning business‚ but not in the sense of your regular house cleaners. My company Homicide Cleanup‚ deals with the cleanup after death‚ whether it be in the house and or outside. The services my company provides is the cleanup after any type of death has occurred. It is our mission to cleanup the scene of a death and or homicide as quickly as possible so the
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Homework 2 1. What common programming language statement‚ in your opinion‚ is most detrimental to readability and why do you think that? The go to statement in my opinion can be the most detrimental to program readability‚ because it makes it difficult to keep track of where the program has been and will go during debugging. Extensive use of go to statements make it difficult to impossible to keep the program code in a top down format. 2. How does the distinguishing between
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Assignment 2 ECO 550 – Managerial Economics Question One Office building maintenance plans call for the stripping‚ waxing‚ and buffing of ceramic floor tiles. This work is contracted out to office maintenance firms‚ and both technology and labor requirements are very basic. Supply and demand conditions in this perfectly competitive service market in New York are: |QS = 2P - 20 |(Supply) | |QD = 80 - 2P
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Taxes 3720 Returns and allowances 10210 Lease payments 39270 Materials purchases 228580 R&D expenditures 4890 Repairs and maintenance costs 2910 What are YYY: a) gross profit? b) net Profit? c) EBT ? d) Net income? 2. Using the following accounts from Income statement for the year Ending December 31‚ 2012‚ answer the following questions: Research and Development expenditures 50 Cost of Goods Sold 600 Lease payments 30 Advertising 20 Taxes
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when a firm buys on the marketplace what it cannot make itself are referred to as (Points : 1) [pic] switching costs. [pic] transaction costs. [pic] procurement. [pic] agency costs. [pic][pic][pic][pic][pic][pic] 2. Disintermediation (Points : 1) [pic] results from the speed of the Internet. [pic] is defined as the elimination of layers in the distribution process. [pic] is a result of social networking. [pic] All of the above
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