section 351 permits shareholders of a corporation to defer recognition of a gain or loss on the transfer of assets to the corporation. The transfer of property may be made when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351‚ a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a
Premium Generally Accepted Accounting Principles Depreciation Business law
ACT NO. 2031 February 03‚ 1911 THE NEGOTIABLE INSTRUMENTS LAW I. FORM AND INTERPRETATION Section 1. Form of negotiable instruments. - An instrument to be negotiable must conform to the following requirements: (a) It must be in writing and signed by the maker or drawer; (b) Must contain an unconditional promise or order to pay a sum certain in money; (c) Must be payable on demand‚ or at a fixed or determinable future time; (d) Must be payable to order or to bearer; and
Free Money Meaning of life Payment
Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) Fund personal education and education of children. Purchase items at low prices. 2. What is trade? (0.5 points) The exchange of things of value. 3. What is a service? (0.5 points) Something of value that a person can do for other people. 4. Name one of the three functions
Premium Supply and demand Economics
PRINCIPLES OF PROVIDING AND MAINTAINING ADMINISTRATIVE SERVICES LEARNING OUTCOMES 1. Understand how to order products and services 2. Understand how to keep waste to a minimum in a business environment 3. Understand the purpose of delivering effective customer service 4. Know how to take minutes 5. Understand how to organise meetings 6. Understand how to organise events 7. Understand how to manage diary systems Questions Explain what procedures you use to order products
Premium Management Service Customer service
Section B Q7. (a) When is Median a better method of Central Tendency than Arithmetic Mean? (5marks) (b) Write about the 5 precautions of using Secondary Data? (3 marks) (c) “You should be very careful while designing a questionnaire”. Elaborate on the statement (2 marks) Q8. (a) Write down any 5 methods of making a sample? Explain briefly any two methods? (5marks) (b) Two regression lines of a sample are X+6Y=6 and 3X+2Y=0 Find (I) The correlation coefficient (II) Mean of X and Y
Premium Arithmetic mean Standard deviation Average
Riverbend Telephone Company has determined that they need a new maintenance truck and crew. Looking at the options they obtained 4 bids from truck dealers. They are expecting the truck to have a working life of five years. We looked at both options and believe that purchasing a new truck is the most cost effective when looking at keeping the truck for five years. The best offer for a lease is $7‚200 a year with a total present value of $36‚000. The best offer for purchasing a truck is $24
Premium Price Tax Leasing
AN INTRODUCTION TO CONIC SECTIONS There exists a certain group of curves called Conic Sections that are conceptually kin in several astonishing ways. Each member of this group has a certain shape‚ and can be classified appropriately: as either a circle‚ an ellipse‚ a parabola‚ or a hyperbola. The term "Conic Section" can be applied to any one of these curves‚ and the study of one curve is not essential to the study of another. However‚ their correlation to each other is one of the more intriguing
Premium Conic section Analytic geometry Hyperbola
Case Analysis: Prestige Telephone Company Liam Hennessy‚ Xinyi Zhang‚ Yuan Chai‚ and Anthony Saba 1. Reasons for Continuing Losses Prestige Data Services’ main problem is that they have too many available hours that are not generating any revenue. In the first quarter of 2003‚ they have an average of 176 available hours per month of available hours. Its operations exact a huge amount of fixed costs to cover. If they could find more commercial customers for the available capacity‚ they could
Premium Revenue Income statement Costs
Chapter 8 section 1 Key Terms‚ people‚ and places Biography question Chart skills Map skills 2-6 Williams the conqueror- king of England who beat Harold at the battle of Hastings Common law-a legal system based on custom and court rulings Jury- group of men sworn to tell the truth King john- clever‚ cruel‚ and untrustworthy ruler who faced king Phillips II‚ pope innocent III‚ and his English nobles Magna Carta- a great charter Due process of law-clause that formed the basis of the right
Premium John of England Magna Carta Monarchy
1. Prestige Data Services apparently has not lived up to its parent company’s expectation. However‚ based on the numbers‚ the Prestige Data Services appears to be rather potential after just two years of performance. Its revenue hours sold to outside firms have being growing‚ and the majority of Prestige Data Services’ costs are fixed costs‚ e.g.‚ rent‚ custodial services‚ computer lease‚ maintenance‚ etc. In order to determine whether or not the subsidiary is indeed “too good to give up
Premium Variable cost Costs Fixed cost