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On January 1, a corporation loans its shareholder, Lynda Masten, $120,000. The term of the loan require that Lynda pay interest annually based on 2.5% annual rate of interest. In addition, Lynda is to repay the $120,000 at the end of six years. At the time the loans was made, the current annual AFR short term, mid term and long term rate were 4.5%, 5.5% and 6.5% respectively. Determine the tax consequences of this loan to both the corporation and to Lynda in the first year.
the below website is one of many options for you to find current market price and dividend information about a
John Lintner's study of how firms decide how much to pay in dividends was done more than 50 years ago but the findings have had had remarkable durability. His basic conclusions- that firms set target payout ratios, that dividends lag earni..
Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.
Raynette Ramos, owner of Ramos Rentals, uses the allowance method in accounting for uncollectible accounts. Record the following transactions in general journal form.
suppose that ikea the swedish retailer is developing a new chair targeted to sell for less than 100 and it is
Wright Company produces products. If the cost of the raw material input is $85,000, which of the products should be processed beyond the split-off point?
as a cost accountant for san francisco cannery you have been approached by phil perriman canning room supervisor about
Ripkin Company issues 9%, five year bonds dated January 1, 2013, with a $ 320,000 par value.
on may 1 company reacquired 2000 shares of its own 2 par value stock for 100000 cash. on june 30 800 of the treasury
if a company liquidates, which investment has priority? what if you had preferred stock?
MAA310 - Accounting and Society - Briefly explains the types of compensation included in remuneration packages of Chief Executive Officers and provides examples from the latest remuneration report for your allocated* Australian publicly listed com..
What categories or sections are on each statement? What accounts are shown under each section of each Financial Statement? How do amounts from one statement flow through to the other statements, if at all?
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