ANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1‚ 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes‚ which are human readable‚ and in machine readable object
Premium Contract Contract law
administration in both United States and United Kingdom. To amplify‚ features of pre-pack administration will be listed firstly‚ following by pre-pack situation in both countries‚ including procedure‚ aspects related to court‚ practitioner (trustee) and creditors and specific requirements such the Schedule B1 of Insolvency Act 1984 in UK and section 1129 in US Chapter 11. Then‚ this article compares the main features involved in the pre-pack in two different countries. In the end‚ the essay will provide some
Free Bankruptcy
of the company are used to clear its debts. The officers of the company have no personal liabilities and are not made bankrupt and are free to incorporate another company. By contrast‚ if you do business as a partnership or as an individual‚ the creditors can claim on all your property to satisfy the debts‚ and if this is insufficient you may be declared bankrupt. An undercharged bankrupt is forbidden to start another business or to become a director of a Private/Public limited company. 2.
Premium Corporation Legal entities Limited liability partnership
an acknowledgement of debt‚ such measurements are issued under the seal of company and duly signed by authorized signatory. 2) Write any four types of debentures i) ii) iii) i) 3) Redeemable debentures Perpetual Debentures Convertible debentures Secured debentures What is debenture Trust Deed? Debenture trust deed is a document created by the company whereby trustee is appointed to protect the interest of debenture holders before they are offered for public subscription. 4) What is meant by
Premium Bond Stock Debenture
Turnover Cost of sales Gross profit Operating expenses Profit before interest and tax Interest Profit before tax Taxation Profit after tax Dividends Retained profit Balance Sheet Fixed assets Current assets Stocks Debtors Cash Current liabilities Trade creditors Dividends Overdraft £000 9‚600 5‚568 –––––– 4‚032 3‚408 –––––– 624 156 –––––– 468 140 –––––– 328 300 –––––– 28 –––––– £000 £000 £000 2‚250 1‚660 2‚110 780 –––––– 4‚550 750 300 450 –––––– 1‚500 –––––– 3‚050 –––––– 5‚300 1‚200 –––––– 4‚100 ––––––
Premium
Hindustan Unilever Limited About the Company: Hindustan Unilever Limited (HUL)‚ previously known as Hindustan Lever Limited (HLL)‚ is India’s largest consumer products company. It was formed in the year 1933 as Lever Brothers India Limited. Headquartered in Mumbai‚ India‚ it has about 45‚000 employees and is the market leader in the FMCG industry in India. Financial Statement Analysis of Hindustan Unilever Ltd. |Items |Year 2007
Premium Financial ratios Generally Accepted Accounting Principles Financial ratio
1 Insolvency is the inability of a debtor to pay their debt.[1] Cash flow insolvency involves a lack of liquidity to pay debts as they fall due. Balance sheet insolvency involves having negative net assets—where liabilities exceed assets. Insolvency is not a synonym for bankruptcy‚ which is a determination of insolvency made by a court of law with resulting legal orders intended to resolve the insolvency. A business may be cash-flow insolvent but balance-sheet solvent if it holds illiquid assets
Premium Bankruptcy Debt Balance sheet
liabilities and by writing off the losses already suffered by reducing the paid up value of shares and/or varying the rights attached to different classes of shares. The object of reconstruction is usually to reorganize capital or to compound with creditors or to effect economies. Such a process is called internal reconstruction which is carried out without liquidating the company and forming a new one. However‚ there may be external reconstruction. Wherever an undertaking is being carried on by
Premium Balance sheet Asset Stock market
Research a failure that occurred at a large organization such as Tyco‚ Chrysler/Daimler-Benz‚ Daewoo‚ WorldCom‚ or Enron. In an APA formatted paper that is no longer than 1‚050 words‚ describe how specific organizational behavior theories could have predicted or can explain the failure of the company. Compare and contrast the contributions of leadership‚ management‚ and organizational structures to the organizational failure. Lehman Brothers Holdings Inc‚ the fourth largest US investment bank‚ succumbed
Premium Subprime mortgage crisis Lehman Brothers
in the MacAndrews and Forbes holding company to issued debt in the future‚ we should analyze two perspectives‚ one is historical and the other one is the future perspective. Historically‚ Marvel Holdings issued zero-coupon senior secured notes which were all secured by Marvel’s equity rather than its assets or operating cash flows. However‚ this was a very attractive offer since the stock price was trading above $25 per share which had a value of $1.9 billion‚ well above the face value of the bonds
Premium United States public debt Stock Debt