extend the maturity date to December 31‚ 2008‚ and reduce the interest rate to 4%. The present value of the restructured cash flows is $428‚000. Instructions Prepare entries for the following: (a) The restructure on Poore’s books. (5 points) (b) The payment of interest on December 31‚ 2007. (5 points) (c) The restructure on Edsen’s books. (5 points) Part Tow: (20 points) Logan Corporation issued $800‚000 of 8% bonds on October 1‚ 2006‚ due on October 1‚ 2011. The interest is
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decided a number of cases dealing with liability for injuries that occurred on the property of the defendant involving two different parties. On the basis of the premise liability claim‚ our client has a case against the hotel. The premise liability claim is based on common law principles of negligence and derives from an establishment’s lack of supervision‚ care‚ or control of the premises. RESTATMENT (SECOND) OF TORTS §344 (1965). According to the premise liability claim‚ a tavern owner has a duty to
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accomplishing what he has today‚ and has had many effects on North Korea. He is Kim Jong-Il and he is the president of North Korea. Many things led to Kim Jong-Il’s taking over of North Korea. Kim Jong-Il was born February 16‚ 1942 in Khabarovsk‚ Russia. He attended the Manyongdae Revolutionary School that was set up for Kim Il-Sung’s descendants to train them as future leaders of North Korea. In 1964 Kim Jong-Il began his career in the WPK Secretariat Organization Guidance Department‚
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BUS 670 Legal Environment of Business Business Entities & Liabilities Instructor Leah Westerman May 19‚ 2014 Businesses Entities and Liabilities “A business entity is an organization established as a separate existence for the purposes of taxes (BusinessDictionary.com‚ n.d.).” Some of the most common known business entities are; sole proprietorships‚ general partnerships‚ limited partnerships‚ corporations‚ and limited liability companies. Each business entity has its advantages and disadvantages
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Case Study: Kim v. Son To summarize the case of Kim v. Son‚ Jinsoo Kim invested in two of Stephen Son’s corporations‚ which eventually failed‚ and Kim lost his money. Son felt bad‚ he and Kim got together and became very intoxicated and signed a “contract” in blood‚ stating that Son promised to pay Kim the money he lost and Kim agreed not to sue him. As it turned out‚ when Son sobered up he refused to keep his promise to pay Kim‚ so Kim filed a lawsuit based on this bloody contract. The judge
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Roles of Limited Liability Corporations and Partnerships Martin M. Komertz FIN 419 3/21/2011 John Wetherington Roles of Limited Liability Corporations and Partnerships In the following paper‚ I will look to identify the roles and differences between Limited Liability Corporations and Partnerships. Each has different advantages and disadvantages than the other. I will look to break down each and then identify which method of ownership would be the preferred method from an individual
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posing nude. Radar Online‚ August 11‚ 2015 reported that Kim posted her nude selfie on her Instagram page. And for anyone wondering if the picture was faked‚ she claims it is not Photoshopped or taken with filters. It was just good lighting. It seems that Kim can’t win and she doesn’t feel sexy with this baby‚ even with the sexy clothes she wears. She has gone from people saying you’re too thin to you’re too big with this pregnancy. Kim explained why her pictures look so different. In the pictures
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Contractual and Non-contractual Liability I. Contract A contract is an agreement having a lawful object entered into voluntarily by two or more parties‚ each of whom intends to create one or more legal obligations between them. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchange "consideration" to create "mutuality of obligation." Contracts may be bilateral or unilateral. A bilateral contract is an agreement in which each of the
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Jung Min Kim Estee Lauder in China Estee Lauder is a world leading American manufacturer‚ known for their skincare‚ makeup‚ fragrance‚ and hair care products. Estée Lauder and Joseph Lauder founded the company in 1946 at the heart of New York City. Estée Lauder Companies’ top brands include Aveda‚ Bobbi Brown‚ Clinique‚ Coach‚ Donna Karen‚ Estée Lauder‚ Jo Malone London‚ LAB series‚ La Mer‚ MAC‚ Michael Kors‚ Ojon Origins‚ Osiao‚ Smashbox Cosmetics‚ Tommy Hilfiger‚ Tom Ford‚ Tory Burch‚ and Ermenegildo
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leader‚ Kim Jong Un is also an awful leader. He is all propaganda that makes him look good when he is really an insane president. The US president needs to sit down with Kim Jong Un and have a talk about their human rights. This can help all of the citizens have more freedom but still have some guidelines but will still have a huge change for their rights. Kim Jong Un‚ the North Korean president is a complete dictator when it comes to how he treats the citizens. In a video all about Kim Jong Un
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