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Question - Flicker Corporation has 200 shares of common stock outstanding. Hilary owns 60 shares. Hilary's grandmother owns 30 shares, Hilary's father owns 30 shares and Hilary's daughter owns 10 shares. Mega Corporation owns 50 shares of Flicker and Hilary owns 80% of the stock of Mega. The remaining 20 shares of Flicker are owned by William, who is unrelated to any other shareholder. How many shares of Flicker does Hilary own both directly and constructively?
a. 170
b. 140
c. 150
d. 180
Steiner recliner purchased a delivery truck at the beginning of 2008. The truck cost $17,500 and is expected to last 5 years. Assume the truck has a salvage value of $1,000. Calculate the trucks depreciation using the double declining balance.
On November? 1, 2016, EZ Products borrowed $66,000 on a 6%, 8-year note. On November 1, 2018, what is the balance of the Long-Term Notes Payable account?
During March 2013, JZ Inc. completed the following transactions: 3/31/13 - Accrued interest on the note signed 3/1/13. Prepare the journal entries
Which mix of debt and equity that minimizes the cost of capital is the? optimal operating leverage. / optimal degree of combined leverage
At the end of 2010, Rowet Company reported a deferred tax liability of $6,120 based on an income tax rate of 30%. On June 1, 2011 Congress changed the income tax rate to 35%.
An international oil company is studying an oil-field development project in Norway. In this country, interest payments are deductible from the taxable income.
Barricades Corporation provided the following information for the year: What was the amount of direct materials used in production during the year
for a 100000 face value bond issued april 1 2014 for ritzy diner with 14 stated annual interest rate paying interest
How much do you need to deposit in a bank account today? Assume that the annual interest rate is 5 % compounded annually.
Compute for the company's current assets. Happy selling's had the following accounts at year end: cash-250 000, accounts payable- 70,000
Uncollectible accounts are expected to equal $150,000. The amount of tuition and fees revenues that the university should report is
Kareem owns a pickup truck that he uses exclusively in his business. The adjusted basis is $22,000, What are Kareem realized and recognized gain or loss
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