5 PROBLEM 28. Y‚ an S corporation formed at the beginning of the year‚ has the following information in its first year: Gross Income from services $100‚000 Net short-term capital loss (2‚200) Salary paid to F (10‚000) Medical insurance premium for F (300) Other operating expenses (54‚000) Cash distributions to F 5‚000 F‚ a 50 percent owner of Y‚ is single and has no other tax information. F’s A.G.I. is a. $21‚900 b. $26‚750 c. $26‚900 d. $35‚700 e. Some other amount‚ which is $_________
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Financial accounting reports are prepared for the use of external parties such as shareholders and creditors‚ whereas managerial accounting reports are prepared for managers inside the organization. This contrast in basic orientation results in a number of major differences between financial and managerial accounting‚ even though both financial and managerial accounting often rely on the same underlying financial data. In addition to the to the differences in who the reports are prepared for
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impairment test is taken annually‚ or when there is impairment indicator. B. After the impairment testing‚ goodwill associated with the Spanish operations impairs under IFRSs as of 12/31/2012. The impairment loss is $400‚000. The new carrying value of the assets is $3.1 million. The new carrying value of the CGU is $1.8 million. Goodwill acquired in a business combination shall be allocated to each of the acquirer’s cash-generating units‚ or groups of cash generating
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Trend Article Analysis The following essay will touch on the journal article titled Publication trends in behavioral gerontology in the past 25 years: are the elderly still an understudied population in behavioral research?‚ in which the researchers will attempt to answer the question of gerontology and whether it is an understudied and underreported research topic within the field of behavioral research. The goal of the essay is to determine the research article methodology‚ procedures and
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Future Needs Change Current Issues and Trends in Education Historically education has changed over the years to meet the needs of children‚ and their ever changing mold. Society and governance has changed over history to save children from abuse‚ starvation‚ and provide educational opportunities but has not completely succeeded in these areas within minority classes. The educational gap between whites‚ blacks‚ and Hispanics is astoundingly large. This gap extends to healthcare‚ gun violence
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HISTORY OF ACCOUNTING Primitive Accounting Traced as far as 8500 BC in Mesopotamia through the use of clay like: a. Record for paid wages b. Record purposes‚ as general Pyramids in Egypt‚ for the costs of structures Other places like China‚ Babylon‚ and Greece Middle Ages More formal account-keeping methods were developed by the merchants and banks. Double-entry records first appeared in Genoa in 1340 AD. First accounting book was written by Contrugli in Naples Summa de Arithmetica
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the current issues. This helps us to be in touch with the actual world out of the Syllabus and text-books. Sr. No. | Chapter | Pg. no. | 1 | Introduction | 3 | 2 | Advertising | 7 | 3 | History | 9 | 4 | Types of Advertising | 16 | 5 | Recent trends in Advertising | 25 | 6 | EmoteVertising | 29 | 7 | Case in Point | 34 | 8 | Conclusion | 54 | | Bibliography | 56 | INDEX I Introduction Across
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Assignment 1: Review of Accounting Ethics The New Zealand Institute of Chartered Accounts (NZICA) represents over 33‚000 members in New Zealand and overseas. The organization audits private companies and public companies that are members of the organization (Graham‚ 1960). In October 2012‚ the organization was found to be practicing breaches of accounting with its members when an employee of the organization was found investing in different companies using client’s money. The loans were supposed
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high and organizations were in need of employees. demands for manufactured goods was not as high‚ but it created new demands for supply that would create new jobs in road-building‚ real estate development‚ etc. By the 1980s demand for goods had leveled off and firms were looking for ways to control costs‚ earn more profits‚ while maintaining high production. Downsizing History and Trends "By 1980‚ over 90 percent of the nation ’s work-force was counted as employees; a complete reversal from the
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On ‘TRENDS IN JEWELLERY INDUSTRY WITH FOCUS ON BRANDING’ Researched By: Akshay Trivedi TYBMS (Semester V) Academic Year: 2012-2013 Project Guide: Prof. Richa Jain Thakur College of Science and Commerce Submission date: DECLARATION I‚ Akshay Trivedi student of Thakur College Of Science And Commerce hereby declare that I have completed this project‚ as part of T.Y.BMS (Semester5) project work in the academic year 2012- 2013 on ‘Trends in Jewellery
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