shareholder wealth d. minimizing risk of the firm 4. One of the major disadvantages of a sole proprietorship is a. that there is unlimited liability to the owner b. the simplicity of decision making c. low organizational costs d. low operating costs 5. A corporation is a. owned by stockholders who enjoy the privilege of limited liability b. easily divisible between owners c. a separate legal entity with unlimited life d. all of the above 6. Which of the following
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Term Project Final Report Atlantic Butler MGMT 3907 December 7‚ 2011 “I hereby certify that I am the author of this document and that any assistance I received in its preparation is fully acknowledged and disclosed in the document. I have also cited all sources from which I obtained data‚ ideas‚ or words that are copied directly or paraphrased in the document. Sources are properly credited according to accepted standards for professional publications. I also certify that this paper was
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debt of the corporation‚ and certain accrued interest on debt are not treated as property. C: 2-43 Liabilities in Excess of Basis. Barbara transfers $10‚000 cash and machinery having a $15‚000 basis and a $35‚000 FMV to Moore Corporation in exchange for 50 shares of Moore stock. The machinery was used in Barbara’s business‚ originally cost Barbara $50‚000‚ and is subject to a $28‚000 liability‚ which Moore assumes. Sam exchanges $17‚000 cash for the remaining 50 shares of Moore stock. a. What
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Tutorial 10 Chapter 12 – Business Combinations Exercise 12.2 Accounting by an acquirer GABO LTD – DUCK LTD A. Acquisition analysis: Fair value of identifiable assets and liabilities acquired: Current assets $980 000 Non-current assets 4 220 000 5 200 000 Liabilities 500 000 $4 700 000 Consideration transferred: Shares: 100 000 x 10 x $10 $10 000 000 Patent 1 000 000 Cash: 100 000 x $5.20 520 000 $11 520 000 Goodwill = $11 520 000 - $4 700 000 = $6 820 000
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For a measure of both a company’s efficiency and its short-term financial health‚ the working capital is calculated as: Working Capital = Current Assets – Current Liabilities. At the end of 2007‚ the Coca-Cola Company has a negative working capital of $1‚120 million from the current assets of $12‚105million and the current liabilities of $13‚225 million. The Coca-Cola Company’s negative working capital might be impacted by the effects of transactions occurred in 2007. Trade accounts receivable
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Regulation of Companies & Company Operations Legal nature of company Separate legal identity‚ distinct from owners Companies act through ‘agents’. eg. shareholders elect board of directors to act on their behalf Public Company (Ltd.) Limited liability of owners • Raises funds from public Types of companies Private Company (Pty. Ltd.) • • • • • • • • • Regulation of companies Corporations Law: Companies must keep proper accounting records; prepare yearly & half-yearly FS; ensure FS comply with
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Emma’s Dog Grooming Business Plan Business Plan Sample Created by 1011 Lakeshore Drive‚ Suite 521 Lake Charles‚ LA 70601 337.377.8535 www.woodyearconsulting.com michelle@woodyearconsulting.com Sample Prepared by Woodyear Consulting Page 1 Confidentiality Agreement The undersigned reader ac knowledges that the information provided by _______________ in this business plan is confidential; therefore‚ reader agrees not to disc lose it without the express written permission of _______________. It
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The purpose of comparing the rate of General Motors and the Industry is to rate their performance in solvency‚ profitability and efficiency. General Motors ratio improved in profitability from 2011 to 2012 and 2012 to 2013 the assets and liabilities ratio was 1.31 that means in profit earned relatively to sales and total assets. In the Industry that means GM did pretty well in assets and sales compared to the Industry. In solvency the ratio was 13.19‚ it has more than 202‚000 employees supporting
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for rent. Expense Debit B. Amounts to be paid in 10 days to suppliers. Liability Credit C. A new fax machine purchased for office use. Asset Debit D. Land held as an investment. Asset Debit E. Amounts due from customers. Asset Debit F. Daily sales of merchandise sold. Revenue Credit G. Promotional costs to publicize a concert. Expense Debit H. A long-term loan owed to Citizens Bank. Liability Credit I. The albums‚ tapes‚ and CDs held for sale to customers. Asset
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Executive Summary University of Phoenix Executive Summary Dating back to 1929‚ television has been viewed all over the world by millions of families. The impact technology has on television is phenomenal. Viewers have watched programs as silhouettes‚ outlines‚ with no sound‚ or black and white. With time‚ technology brought direct broadcast satellite to television. New Corporations Fox Entertainment Group‚ launched DirecTV in 1994. This company provided
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