UNIT 7 STUDY UNIT 10 METHODS FOR THE VALUATION OF BUSINESS INTERESTS STUDY UNIT 11 THE VALUATION OF DIFFERENT KINDS OF BUSINESS INTERESTS STUDY UNIT 12 COMPREHENSIVE QUESTIONS AND ANSWERS PART III 76 74 65 LIQUIDATIONS‚ REORGANISATIONS‚ CONVERSIONS‚ MERGERS AND TAKEOVERS 77 LIQUIDATIONS 78 85 89 97 STUDY UNIT 13 STUDY UNIT 14 REORGANISATIONS STUDY UNIT 15 CONVERSIONS STUDY UNIT 16 MERGERS AND TAKEOVERS (iv) AIM OF THIS MODULE Once you have studied and completed this module‚ you should
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Chapter 13 Claim Bankruptcy reform act of 1978 Bonified purchaser Duty of care Duty of loyalty Partnership Entrepreneur Franchise Professional service associations Automatic stay Exempt property Order of relief Bankrucpy estate Causa mortis Testamentary capacity Situs Limited liability company Limited partnership Sole proprietorship Sub chapter ess Winding up Fixture Chapter 7‚11‚13 Dissolution Liquidation Charter Bankruptcy estate Fiduciary Devise Par value Ultra virus Inter vivos gift What does
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scheme/potential content Question 1 The question requires students to compare and contrast a partnership with a company. Also to analyse the advantages and disadvantages of a partnership and a company. The answer should consider the following: * describe the different types of business organisations * the consequences of incorporation compared to a partnership * compare and contrast partnerships and companies to include - formality - legal status - share capital - loan capital - ownership
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Cash Distribution Plan Advanced Accounting ACC 407 Assignment 1 Week 1 LO2-16-8 Cash Distribution Plan Adams‚ Peters‚ and Blake share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate‚ the balance sheet is as follows: Assets Liabilities and Equities Cash $40‚000 Liabilities $50‚000 Adams‚ Loan 10‚000 Adams‚ Capital
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association‚ partnership or union that carries on a commercial or industrial enterprise. Generally a company may be a corporation‚ partnership‚ association‚ joint stock company‚ trust‚ fund or organised group of persons‚ whether incorporated or not and (in an official capacity) any receiver‚ trustee in bankruptcy or similar official or liquidating agent for any of the foregoing. More specifically we can state a company as either one of four distinct business organisations‚ Sole Trader‚ Partnership‚ Private
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12 Accounting for Partnerships ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems Study Objectives 1. Identify the characteristics of the partnership form of business organization. 2. Explain the accounting entries for the formation of a partnership. 3. Identify the bases for dividing net income or net loss. 4. Describe the form and content of partnership financial statements. 5. Explain the effects of the entries to record the liquidation of a partnership. *6. Explain the
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7.0 Partnership: Meaning-Features of Partnership Business-Types of Partners-Partnership Deed- Registration of Partnership- Effects of non-registration of Partnership- Right and Duties of A partner- Dissolution of a Partnership Business. FINAL 8.0 Joint Stock Company: Meaning-Characteristics-Types- Advantages and Disadvantages- Formation- Prospectus- MA and AA- Rights and Obligations of Shareholders and Directors- Different types of Share‚ Share Capital and Share Values- Liquidation of A
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but valid among the partners. Art. 1818. Every partner is an agent of the partnership for the purpose of its business‚ and the act of every partner‚ including the execution in the partnership name of any instrument‚ for apparently carrying on in the usual way the business of the partnership of which he is a member binds the partnership‚ unless the partner so acting has in fact no authority to act for the partnership in the particular matter‚ and the person with whom he is dealing has knowledge
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Compulsory Liquidation Remedies 1. Introduction * Deficiency of current law: (1) despite introduction of statutory derivative action‚ formulation is unclear and scope is uncertain (2) focus on single act/transaction rather than whole picture/pattern/period (3) remedies are directed to particular transaction and confined to restraint of conduct‚ Recovery of property or ordering of financial compensation * Statutory remedies fall into 2 categories a. Compulsory liquidation remedies courts
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for bankruptcy. Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part‚ bankruptcies can be divided into two types -- liquidation and reorganization. When a business liquidates its asset they sale their assets and the proceeds go to pay their debts. When a business reorganizes they find a way to remind open to try to make a profit. A business filing for bankruptcy only
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