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Corp A has assets with a fair market value of $100 and has liabilities of $30, and a net operating loss carryforward of $10. Corp B acquires Corp A's assets in exchange for Corp B voting stock, and Corp A then liquidates. What are the tax results and would the results be different if Corp B uses Corp B voting stock plus $5 to acquire the assets of Corp A?
Consider the following economy: Write numerical formula for IS curve. Write numerical formula for LM curve. What is equilibrium level of r?
A foundation pledges to donate $1 million to an art institute one year in the future. When, and in what amount, should the institute recognize revenue?
Casey owned stock in Jupiter Corporation that he donated to a university (a qualified charitable organization) on December 30, 2009. What is the amount of Casey's deduction assuming that he had purchased the stock for $10,000 on January 3, 2009, a..
The company wants to maintain a minimum cash balance of $20,000. What is the minimum cash loan that must be planned to be borrowed from the bank during December?
green corporation issued 1000000 of 12 bonds dated january 1 2013 for 975000 plus accrued interest. the bonds mature on
eckert company is involved in producing and selling high-end golf equipment. the company has recently been involved in
Prepare a statement of retained earnings for the year.
rockland corporation earned net income of 321000 in 2012 and had 100000 shares of common stock outstanding throughout
Finally, Giovanni estimates that he needs to withdraw $55,000 from the business (as dividends) to cover his own personal living expenses this year. Will Giovanni have enough cash to get through the year? What is his budgeted cash balance on Decemb..
Prepare the necessary general journal entries for the month of October for Stringer Company for each situation given below.
rite way applications sells accounting software. recently development of a new program stopped while the programmser
The first payment for interest and principal was made on September 1, 2011. At December 31, 2011, Lowe should record accrued interest payable of
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