QUESTION Question 1Complete the tax return on form 540, Schedule CA (540), and form 3506. Bea and Bill Morris live at 456 So. Sherman St., Placerville, CA 95667. They have one dependent child, Barbara, age 2, and Billâs parents Maggie and Mel Morris also live with them. Maggieâs income was $3,054 and Melâs income was […]
QUESTION Johnson & Johnson Case I. Is the company’s retirement plan under funded or over funded at December 31, 2007? At December 31, 2006? Where does this funded status appear on the company’s balance sheet? I am attaching the balance sheet and other financial statements. Please answer this question for me. Thank you!!! ANSWER: […]
QUESTION Company already made SR. 20,000 of payment on their NCB loan by time of dissolution.Companyâs net profit at time of dissolution is SR. 200,000.Legal Environment of BusinessASSIGNMENT (4)Chapter 37 â Termination of PartnershipLast Date for submission is 19 / 11 / 2015thGeneral InstructionsYou are requested to respond to this question individually. Any suspicious activities […]
QUESTION 1. CantonIndustries acquired equipment at a cost of $126,000 and a book value of$42,000. Prepare the journal entries torecord the disposal of the equipment under the following independentassumptions.(a)The equipment had no market value and was discarded.(b)The equipment is sold for $53,000.(c)The equipment is sold for $27,000.(d)The equipment is traded-in for a similar asset. The […]
QUESTION On January 1, 2012, Sheperd Corporation had $1,371,000 of common stock outstanding that was issued at par and retained earnings of $707,900. The company issued 28,900 shares of common stock at par on July 1 and earned net income of $392,900 for the year.Journalize the declaration of a 17% stock dividend on December 10, […]
QUESTION Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2015, at a total cash price of $840,000 for a building, land, land improvements, and four vehicles. The estimated market values of the assets are building, $434,700; land, $302,400; […]
QUESTION Capital budget decisions weigh the amount of money that needs to be invested now with the amount of money that can be generated over time because of the money that is invested now. Weighing investments against returns involves a number of considerations, but one of those considerations that is often overlooked is the âdepreciation […]
QUESTION Format to be used for Briefs (Make sure you divide your briefs into these sections):1. Case title & citation2. Issue (a combination of the key facts and the legal question the court is being asked to decide in the case)3. Rule (the law that court identifies as applicable to the case)4. Application (how does […]
QUESTION Your client is a small consulting firm consisting of a husband and wife as principals, plus2 employees from the time the business was established on 1/7/2009 the business hasbeen accounting for tax purposes on a cash basis. For 2013/14 your client has decidesto account on an accruals basis as the business is starting to […]
QUESTION Prepare a critical analysis of a quantitative study focusing on protection of human participants, data collection, data management and analysis, problem statement, and interpretation of findings. The quantitative research article can be from your previous literature review or a new peer-reviewed article.Each study analysis will be 1,000-1,250 words and submitted in one document. As […]
