theoretical and practical questions. Section B 3 Short answer questions (3 x 4 marks = 12 marks) Suggested time 22 minutes Refer to: Chapter 6‚ 27 and 32 from Deegan 7e Section C 6 Practical Questions (68 marks) Suggested time 122 minutes 1. Liquidation: (10 marks) 2. Business combinations: (14 marks) 3. Re-valuation of Non- current asset: (10 marks) 4. Consolidation: (8 marks) 5. Inter-entity transactions: (16 marks) 6. Equity accounting: (10 marks) No worksheets are required for the consolidation
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200‚000 Peters‚ Capital 75‚000 Blake‚ Capital 70‚000 Total Assets $ 250‚000 Total Liabilities and Equities $250‚000 Liquidation expenses are expected to be negligible. No interest accrues on loans with partners after termination of the business. Required Prepare a cash distribution plan for the APB Partnership. APB Partnership Cash Distribution Plan Loss Absorption
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Gaurav kumar (SEC. A) Grand Strategies Strategy Formulation is a strategic planning or long range-planning. This process is primarily analytical‚ not action oriented. This process involves scanning external and internal environmental factors‚ analysis of the strategic factors and generation‚ evaluation and selection of the best alternative strategy appropriate to the analysis. Identification of various alternative strategies is an important aspect of strategic management as it provides the alternatives
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public. Thus was born the NQI - or Nassau Quarterly Index - which we have released every quarter since 2003. Some of the index ’s latest trends begin when comparing 2006 to 2007. During this period‚ we saw a 1 10% increase in truck repossessions and liquidations. The latest data shows that repossessions are down approximately 21% in the first quarter of 2008 as compared to the robust Ql of 2007‚ but this still represents a
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rate (e.g. 10% preference share)‚ except for those participating shareholders (this will be explain below in the “Types of Preference Shareholders”). Next‚ the preference shareholders also have the priority to get their capital back upon the liquidation of the company. They stand in front of the ordinary shareholders in the fixed list of priorities. Next‚ although preference shareholders have the right to attend any general meeting held by the company‚ they do not have the right to vote. They
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in that a valuation of the remaining equity and/or any write downs if the entity was liquidated would show different retained earnings that would be impacted by a forced liquidation of the entity’s equipment and inventory as well as an immediate payment of the notes payable‚ rent and accounts payable ($20‚483). A forced liquidation would result in a greater loss to each partner’s shareholder equity. In affect‚ the operating partner‚ Mrs. Antoine‚ is essentially limiting the other two partners’ as
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short term financing‚ the manager can use cheaper cost of equity. It means that North Point Group should sell the purchased shares of Nike during the period of one year. In the case of value of equity‚ Cohen’s should use liquidation value in calculating value of equity. Liquidation value per share is more realistic than book value because it is based on the current market value of the firm’s assets by
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Take home exam/assignment – Business Law for IBA - 2012 A. Contract for independent contractor Find a suitable contract and shorten it (or write one yourself from scratch)‚ so you have just the essentials to offer as an agreement for that consulting job for that consulting firm. INDEPENDENT CONTRACTOR AGREEMENT http://www.free-legal-document.com/free-independent-contractor-agreement.html THE PARTIES TO THIS AGREEMENT ARE: Better Software Corporation (hereinafter referred to as “the Company”)
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1. Introduction Over the past few decades‚ there is a continuing global expansion of trade and investment. As there are more and more companies doing business not only in their home country‚ they may have assets and/or establishment in other countries‚ or even their activities take place other than the company has its registered office. In case of insolvency of such a company‚ many legal issues arise. Therefore‚ a well-equipped national insolvency laws dealing with such cases is needed. Without
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CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited
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