C: 2-8 What items are considered to be property for purposes of Sec. 351(a)? What items are not considered to be property? Items that are considered property include all types of property‚ such as cash‚ accounts receivable‚ inventories‚ patents‚ installment obligations‚ equipment‚ and buildings. Services‚ certain debt of the corporation‚ and certain accrued interest on debt are not treated as property. C: 2-43 Liabilities in Excess of Basis. Barbara transfers $10‚000 cash and machinery having
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and Canada receive 20% of their electric power from nuclear plants. The rest of the world is at 6% but rising. The benefits drive the nuclear energy movement and continue to do so and the proponents of nuclear power see this as an indispensable solution in reducing the consumption of conflict-ridden fossil fuels. Opponents of nuclear power also make a strong case citing cost‚ safety and justified global concern of waste storage and the potential for nuclear weapons in areas where terrorism is a
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of a Problem Problem Statement: Presently‚ the sport good business that they started 25 years ago has too many indifference and lack of business strategy among the partners‚ which results in too many failures. If the problem is allowed to continue‚ the company will have to face the rising failure rate‚ run the risk of declining sales because its never a good idea to do a big sale with new products leading to a significant revenue lost. The most important part is to identify the problem: Growing
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(“Piracy”). It really started to become a problem in 1999 with the creation of Napster. Napster was the first peer-to-peer (P2P) file sharing program that enabled users to download and share music for free (“Harenber”). Since Napster‚ which is now a paid service due to various lawsuits‚ the online world of file sharing has evolved from not just music but to movies‚ operating systems‚ books‚ magazines‚ TV shows‚ and more. Online piracy‚ which has become a problem over the years‚ is on the rise and needs
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Q1. At the beginning‚ in this case‚ we may identify two issues needed to be discussed. The first one is whether Kwan or Lau&Kwan Co. would be liable for the debt incurred by Lau. The second issue is whether Lau&Kwan Co. has established a place of business in Hong Kong. In the light of s.7 of the Partnership Ordinance‚ “acts of every partner‚ who does any act for carrying on in the usual way business of the kind carried on by the firm‚ bind the firm and his partners‚ unless the partner
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Analyse the problem of accounting fraud in a listed company and evaluate possible solutions In 2001‚ Enron Corporation went into bankruptcy due to the disclosure of false information in its financial statements. Similarly‚ when Lehman Brothers collapsed there was no evidence that it had ever publicly disclosed certain detrimental accounting information. Cases of accounting fraud such as these have become increasingly serious. Accounting fraud can result in creditors and stockholders losing confidence
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Neptune is the North America’s third-largest seafood producer in a high-end business. The company is an upmarket player. Main distribution channels: • grocery chains and retailers; • the best restaurants on its region; • wholesalers; • its own fish market. They are facing a big inventory problem. Reasons • new technologies; • new lows; • growing demand. Proposed solutions • slash prices launching a new mass-market brand; • slight discounts; • sell
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Problem-Solving Model Describe the Situation Classic Airlines consists of 375 aircraft that travel to 240 cities more than 2300 times per day with a workforce of 32‚000 personnel. Classic Airlines’ revenue was in excess of $8.7 billion last year bringing in a $10 million dollar profit and establishing the airline as the fifth largest air travel company in the world. Despite good sales and profits‚ Classic Airlines has been receiving harsh criticism from their customers resulting in
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Danielle Zemko Problem or Issue Investigation and Solution HUM/111 October 29‚ 2012 Unfortunately‚ just recently my brother in-law lost his job because the company he worked for shut down‚ letting go of every employee there was. Fortunately‚ my sister was trying to get a job for the same exact company‚ but she did not get the position. This is fortunate because if she did my sister would be out of a job also. They are now struggling with only one income and are coming to the realization
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JIT Application in Toyota Company Toyota is one of very large company in automobile. In their production‚ Toyota Company has applied JIT (Just in Time) approach in their manufacturing. The advantages of using JIT approach is to reduce or minimize the waste of production‚ reduce hands-off‚ reduce re-work and any other delays on manufacturing process. One of characteristic in JIT approach is the flow of work. Parts or component of material will flow from one work center to many others with intermediate
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