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Assume that you have recently obtained your scuba instructor’s certification and have decided to start a scuba diving school. a. Describe the advantages and disadvantages of organizing your scuba diving school as a: 1. Sole proprietorship 2. Corporation, and give your opinion about which form of organization would be best.
Show which of the above activities would be viewed as value-added in the eyes of Prince Insurance's Customers. Give reasons for your answer and explain the value and non value added in the activities of insurance business.
Evaluate the net operating income for the month under variable costing and evaluate the net operating income for the month under absorption costing?
Young’s adjusted basis in the property transferred was $20,000. The fair market value of the stock was $50,000. Illustrate what is the amount of gain realized by Mr. Young? By XYZ Corporation?
Purpose an income statement for the year - Prepare an income statement for the year ended December 31, 2006. (Assume that 7,500 shares of stock are outstanding.
Show the likelihood of these payments being treated as constructive dividends. If a payment is deemed to be a constructive dividend, show how such a payment will be treated.
Fixed manufacturing overhead was $1 per unit in beginning inventory under absorption costing. Ending inventory was zero. Explain how many units did the company produce during the year?
Carson uses the sum-of-the-years-digits method of depreciation. What should the accumulated depreciation be at December 31, 2008?
Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.
Explain how would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?
RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Using a 365-day year, how much interest will be due on the note?
Evaluate the rate and efficiency variance for variable overhead item power cost and indicate if those variance are favorable or unfavorable
Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation and An individual who joins an existing partnership has no liability for partnership debts that arose prior to his joining the partnership.
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