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Samuel has some land near I 10 just a few miles from Slidell, LA where he has an excellent crawfish, shrimp and barbecue restaurant. He has heard that the state might take the property under an eminent domain action in order to add an new interchange. But, the plans for that are still not finalized. If the state takes it, he might receive $800,00 for it. After depreciation deductions are posted, his tax basis in the property would be about $60,000. A real estate agent, Slick Willy, offered Sam a deal. He could trade the property for a nice building in downtown Slidell. The building has appraised at $900,000 and currently has a clothing store in and some offices and apartments on the 2, 3 and 4th floors. Sam also received a cash offer to buy his business for $700,000 and they gentleman that made the offer meant cash in the form of $100 bills. What advise do you have for Sam?
During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $2,250. Illustrate what is the total recorded cost of the automatic score keep..
Evaluate total fixed manufacturing overhead Evaluate variable manufacturing overhead per direct labor-hour Determine total direct labor-hours to be worked Net actual manufacturing overhead costs incurred
Your best friend offered you $130 for the ticket now that the team is doing well. The opportunity cost of going to the game is?
comparative income statements at various capacity levels.analysis of income effects of additional business l.o. c1 a1
The December 31, 2012, balance sheet for Classic Company showed total stockholders' equity of $67,000. Total stockholders' equity increased by $32,000 between December 31, 2012, and December 31, 2013. Determine the amount of net income or loss Classi..
The plant and equipment had a further 5-year life and is depreciated on a straight line basis. The differences between carrying amounts and fair value on acquisition date are adjusted on consolidation. Geraldton Ltd uses the partial goodwill metho..
A company has outstanding 12.5 million shares of $5.5 par common stock and 2.3 million shares of $ 5.3 par preferred stock. The preferred stock has an 11% dividend rate. The company declares $ 2000,00 in total dividends for the year. How much of the ..
The initial development of auditing standards was in response to
How does financial performance measurement helps accountants or managers to make decisions? What is the difference between horizontal, trend, vertical and ratio analysis?
selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing overheadbal.
What would happen to the NPV and PI for each project if the required rate of return increased? If the required rate of return decreased?
Jonas, the sole shareholder of Emerald Corporation, wants to better understand the implications of this adjustment for E & P purposes, as he anticipates a distribution from Emerald in the current year. Prepare a memo for your firm's client files ..
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