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a) Identify some benefits that might accrue to Lion Nathan as a result of the sale and lease back transaction?b) Is the related lease Finance or operating lease?c) How would Lion Nathan account for any profit or loss on the sale of the pubs?d) If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
Wenger Company reported income before taxes of $600,000 and an extraordinary loss of $150,000. Assume that the company's tax rate is 30%. What amounts will be reported on the income statement for income before irregular items and extraordinary ite..
TD Industries has a piece of equipment that has a cost of $400,000. The equipment has accumulated depreciation of $305,000.
Analyze how corporations treat non-liquidating distributions and determine the most likely mistake(s) the client could make that would result in an IRS audit. Advise the client on how to avoid the mistake(s) and how you would respond to the IRS in..
Conduct literature and internet research of sole proprietorships, partnerships, and corporations. Discuss the three business forms in terms of how they are formed, managed, and how they operate as business entities.
You have been employed as an entry level management accountant for little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of companys assets to personal use.
Your suggested scorecard, which will be open to feedback from your senior managers, should include certain objectives, key performance indicators, and specific goals as a starting point for conversation.
How may a company use probability to determine whether or not it is feasible to use primary data in a research study? Explain your answer.
Publicly traded firms are required to report to the investors using an accrual not a cash-basis approach. Do you think they should? What are the advantages? The drawbacks?
What are some advantages and disadvantages of each: (a) team-based, (b) network-based, and (c) boundaryless organizations?
After considerable research, a cross-country ski has been developed. Because of the conservative nature of the company management, however, Watson's CEO has decided to introduce only one type of the new skis for this coming winter. If the product ..
They also have a policy of maintaining a raw material inventory at the end of each month equal to 20% of the pounds needed for the following month's production. There were 3,920 pounds of raw material on hand at Dec. 31, 2010, For the first quarter o..
Design a performance evaluation report for the purchasing department. Describe what each item in the report measures. Evaluate the performance of the purchasing department.
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