acquisition date‚ Stator reported net assets of $450‚000 valued at historical cost and $500‚000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported net income of $25‚000 and $15‚000 and paid dividends of $10‚000 and $12‚000‚ respectively. Rotor uses the equity method. 1. Based on the preceding information‚ what amount of differential will be amortized annually? A. $0 B. $750 C. $1‚000 D. $2
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In the year 2004‚ the U.S. domestic express delivery market worth $45 billion. Mainly‚ this vast market is divided between the two major package delivery companies‚ United Parcel Services (UPS) and Federal Express Corporations (FedEx). This service is consists of three categories: 1) Weights: Letters‚ Packages‚ Freights 2) Mode of Transit: Air‚ Ground 3) Timeliness: Overnight‚ second-day‚ 3-day delivery‚ regular delivery (4 or more days) The air-express portion of the entire U.S. market
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Written Project ACCT 301 Professor Chen From the case we discuss‚ LabCo’s accounting policy for recognizes revenue from construction contract is reasonable. According to ASC605-35-25-61‚ an entity… shall use the completed-contract...for which reasonably dependable estimates cannot be made or for which inherent hazards make estimates doubtful. LabCo Company uses a normal standard for its accounting policy which is using Percentage of complection method base on how it determine the profit (cost-to-cost
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Barnes & Noble and Amazon.com had been in constant fight between each other since the explosion of online purchasing. Before the mid 1990’s online purchasing introduction‚ Barnes & Noble had big dominance in bookselling‚ as it was the largest bookstore in the world. With the entrance to the book market by Amazon.com‚ Barnes & Noble found a big competitor‚ as it represented a new and innovative way of purchasing a book. Making a financial analysis on both companies‚ we could notice certain
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analysts ’ meeting to disclose its fiscal-year 2001 results.1 The meeting‚ however‚ had another purpose: Nike management wanted to communicate a strategy for revitalizing the company. Since 1997‚ its revenues had plateaued at around $9 billion‚ while net income had fallen from almost $800 million to $580 million (see Exhibit 1). Nike ’s market share in U.S. athletic shoes had fallen from 48%‚ in 1997‚ to 42% in 2000.2 In addition‚ recent supply-chain issues and the adverse effect of a strong dollar had negatively
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exist two types of taxes which are direct taxes and indirect taxes‚ direct taxes are those taxes that are imposed directly on products or even personal income tax. Indirect taxes are taxes imposed on good and services. When a direct tax is imposed then both the sellers of the products and the buyer faces the burden of tax. The following sources of income are liable to tax: • gains and profits from a trade‚ profession and business • gains or profits from an employment (salaries‚ remunerations‚ etc
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market in Hong Kong. As Philip Kotler‚ Veronica Wong‚ John Saunders and Gary Armstrong (Fourth European Edition) point out “Marketers should also pay attention to income distribution as well as average income. Consumers with the greatest purchasing power are likely to belong to the higher socioeconomic groups‚ whose rising incomes mean that their spending patterns are less
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Opco Ltd.‚ is a Canadian Controlled Private Corporation which manufactures soap and bath products. The company’s Statement of Income for the year ended December 31‚ 2015 is as follows: Opco Ltd. Statement of Income For the Year Ended December 31‚ 2015 Sales Revenues $2‚400‚000 Cost of Goods Sold 960‚000 Gross Profit
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entrepreneurs. The general public tend to think that poor people are generally poor because they are lazy and unwilling to work. This is based around the idea of income inequality‚ where Americans believe that the more effort someone puts to find employment and completing their job‚ the more money they will make in the long run. But is income inequality truly the reason why there are so many
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employees who are usually hired to work the concession stands or sell food‚ drinks‚ and souvenirs around the stadium were out of work while the lockout persisted. Lack of work meant less income for the old stadium employees‚ thus lowering the demand for other goods that these people would normally buy. Lower incomes make people purchase fewer amounts of goods from stores‚ restaurants‚ and other recreational activities. In an article entitled "Playing With Fire: A NBA Lockout Could Leave Fans Out in
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