The Bare Minimum Overall Case Facts Big Bear Power (Big Bear) must determine what factors should be included in the minimum lease payments for the lease of a combustion turbine from Goliath Co. For each of the following three provisions‚ we determine what components should be included in “minimum lease payments” per ASC 840. Provision 1 Facts At the beginning of the lease‚ Big Bear pays $500‚000 to its legal counsel as well as $1 million in legal fees incurred by Goliath Co. The Company is required
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United International College Hong Kong Taxation Assignment 1 Answer the following questions. 25 marks each. 1. David’s salaries tax for year of assessment 2010/11 were due as follows: 1st instalment $10‚500 due on 2 January 2012 2nd instalment $4‚000 due on 4 April 2012. However David failed to pay the 1st instalment by the end of January 2012. What actions will be taken by Inland Revenue Department to recover the tax from David? Ans. When the tax was overdue after 2
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Statistics for Business and Finance (FIN5SBF) – Semester 2‚ 2014 Important Notes: (a) This assignment should be completed individually and it is worth 15% of the total assessment. (b) Please write your names and student ID on the statement of authorship form which you can download from: http://www.latrobe.edu.au/learning/integrity.html. (c) Use Excel in your computations. (d) Present your results of Tasks 1 to 4 as an appendix to support your case at the end
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Case Background 1st Plaintiff – The World Food Fair Limited (formerly know as wealth state Investments Limited) 2nd Plaintiff – The World Enterprises Holdings Limited Defendant – Hong Kong Island Development Limited (Owner of shopping mall and two plaintiffs are the owners of retail shops) ------------------------------------------------------------------------------------------------------- In 1996‚ after conference‚ the plaintiffs brought an action against the defendant for breach of
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RENTAL AGREEMENT 1. The Landlord has agreed to let and the Tenant(s) to rent a Premises for a fixed period of 12 months commencing from ______________ to ______________. 2. Monthly rental is _______________ and payable in advance to the landlord by the representing 1 month rental in advance of _______________‚2 month deposit of _____________ AND Utility Deposit (for the supply of electricity & water ) of ______________ upon signing of this Tenancy Agreement. 3. The above deposit
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FALL 2013 RSM225/MGT 393 – ASSIGNMENT #1 – value 5%; DUE DATE – As assigned in class. Please Note: This assignment must be completed in groups of 2 and be no longer than 6 pages (typed‚ space and one-half; Times New Roman – Font 11; 1 inch margins) in length. Given TA restrictions‚ your group must be formed with both members of the group being registered in the same section. It must be handed in at the beginning of class of your registered section. Only one assignment per group must be submitted
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An exclusive use clause is a valuable and often negotiated provision in leases. An “exclusive” prohibits a landlord from leasing space to another tenant that will operate a similar business or sell similar products. For example‚ a gym tenant may seek an exclusive to prevent the landlord from leasing space to other gyms‚ or a donut shop may seek an exclusive to prevent another tenant from selling baked goods for on or off premises consumption. Consider the following tips when negotiating an exclusive
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REAL PROPERTY & MORTGAGES Landlord & Tenant Dora I. Gonzalez Devry University ?Buder?s ex-wife‚ Sartore‚ sued him‚ alleging that he had breached his fiduciary duty owed to the children under the UGMA. She sought to recover the funds lost by Buder?s investment of the children?s funds in penny stocks. Who wins?? (Gift) Was Buder legally allow to become part of such investments and by becoming part of them did he breached his fiduciary duty owed to the children under the
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WRITING WRITING TASK 1 You should spend about 20 minutes on this task. You and your family are living in rented accommodation in an English speaking country. You are not satisfied with the condition of some of the furniture. Write a letter to the landlord. In your letter • • • introduce yourself explain what is wrong with the furniture say what action you would like the landlord to take Write at least 150 words. You do NOT need to write and addresses. Begin your letter as follows: Dear .
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Introduction World Food Fair Ltd and Hong Kong Island Developing Ltd were negotiating for the grant of a lease of premises in a shopping which was owned by the defendant‚ Hong Kong Island Development Ltd. A cheque for $200‚000.00 was paid as an initial deposit. Then‚ the tenants were allowed to enter the premises and to carry out alternation work. Finally‚ the decision of the Court of Appeal was overturned by the Court of Final Appeal on the basis that there was in fact no concluded contract.
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