dividends received by the Macomber? (2) Are stock dividends considered income? Facts Mrs. Macomber owned 2‚200 shares of Standard Oil Company. In January 1916‚ Standard Oil Company declared a 50% stock dividend. Mrs. Macomber received an additional 1‚100 shares of stock with a $19‚877 par value. The shares represented a surplus for Standard Oil Company. The Revenue Act of 1916‚ allowed the IRS to treat stock dividends as income to the sum of its cash value. Mrs. Macomber argued that the
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The Dannon Company is a multinational company with operations in over 30 different countries‚ and is one of the largest health food companies in the world. The firm cooperate headquarters is located in White Planes NY‚ and has 1‚150 employees which are spread out at one of Dannons three plants located in Ohio‚ Texas‚ and Utah. As of 2009 the Dannon company was in the lead to become the largest domestic seller of yogurt and nutritional products in the US. Dannon was ranked #1 worldwide with bottled
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Calibro is a company majoring in the development and production of pharmaceuticals. It is headquartered in Switzerland. Since the company aims at developing‚ improving and producing pharmaceuticals‚ intense research is an essential requirement for the company. It has established research laboratories in various countries in Europe. Teams of research specialists are entrusted with the core role of researching and improving pharmaceuticals. Recently‚ the research team was working on a new drug development
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issues and/or repurchases of equity and/or debt of YOUR Company. a. Explain how owner’s equity could be affected by the choice of equity or liabilities. Use some ratios to illustrate. 1. The dividend payout ratio is 23.7 %( 159/671). Dividend payment can vary from different companies. For growing companies‚ they tend to reinvest using their equities so the dividend payment may be very low or even zero‚ but Beiersdorf is a mature company‚ so it has a high dividend payout ratio. Nevertheless‚ this
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1. Why does the company need funds? First‚ Butler Lumber Company in the spring of 1991 anticipated a further substantial increase in sales. It means there are more working capital associated with the company’s increasing sales volume. Second‚ although they have good profits‚ the company had experienced a shortage of cash. The company’s current borrowing from Suburan National Bank almost reaches the maximum loan that SN Bank would make. Meanwhile‚ the SN Bank now asks Butler Lumber to secure the
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two court cases were being held in the supreme court about cruel and unusual punishment. Ingraham Vs. Wright (1977) and Gregg Vs. Georgia (1976). I choose to compare these because they both favored common good instead of individual rights and had a lot of similar aspects of their trials. During these Supreme Court cases Gregg Vs. Georgia showed more balance between the promoting the common good and protecting the individual rights than Ingraham Vs. Wright showed in 1977. In the court case of Ingraham
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is to maximize profit of Giant Motor Company which has 3 lines of products and offers 3 brands of cars namely Lyra‚ Libra and Hydra which corresponds to subcompact car class‚ sporty car class‚ and luxury car class respectively. Currently the company has 3 manufacturing plants and each of them is dedicated to a specific product line. For future planning‚ the company has an option of retooling its manufacturing capacity which would bring a major expense to company but would increase its production efficiency
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Corporation. 123 Ohio St.3d 216‚ 2009-Ohio-4231 Facts of the Case: LaNisa Allen appealed the original judgment in favor of Totes/Isotoner Corporation on the issue of whether the Ohio Fair Employment Practices Act‚ as amended by the Pregnancy Discrimination Act‚ prohibits an employer from discriminating against a female employee because of or on the basis of lactation. Relevant law associated includes whether Allen established a prima facie case of “sex discrimination on the basis of pregnancy‚” or whether
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In school student rights can be limited. There are several court cases that cover these rights. Here are a couple of them. Unreasonable Searches & Seizures- In the New Jersey v. T.L.O. case‚ T.LO. and her friend were accused by a teacher for smoking in the bathroom. Her friend admitted to‚ but T.L.O kept denying it. The teacher brought her purse to the principal‚ and the principal demanded to see her purse. Proof that T.LO. was selling drugs was found. They took it to the police and she finally committed
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Supreme Court Case‚ MATHEWS v. ELDRIDGE‚ dealt with the issue of Eldridge’s disability payment being discontinued after review and findings that he was no longer eligible. The judgement of the Court of Appeals stated that this was a violation of Due process. 2. Does the Due Process Clause of the Fifth Amendment require that prior to the disenrollment of Social Security disability benefit payments that the recipient has an opportunity to have an evidentiary hearing? 3. Eldridge’s case relied on the
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