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The decedent, father of the infant Plaintiff, was killed in a train accident. Testimony showed he was a good and reliable man. Through a representative, the decedent’s surviving child, age five, recovered judgment against the railroad (Defendant). Defendant objected to expert testimony that inflation would probably continue at a minimum annual rate of 5 percent for the next thirteen years (until the boy attained his majority), which was used to calculate the loss in support money caused by the father’s death. The calculations, Defendant said, were unreasonably speculative and uncertain, and damages must be proven with reasonable certainty.
Is the testimony valid?
Assume you work as an assistant controller in the head office of a DVD movie kiosk business, similar to Coinstar, Inc. With the increasing popularity of online movie rental operations, your company has struggled to meet its earnings targets for this ..
Consolidation worksheetand detailed calculation of non-controlling interest balance; and consolidated financial statements and statements of changes in equity of Platypus Limited and its controlled entities.
Vilas Company is considering a capital investment of $190,500 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. Compute the annual r..
If it would cost $1 million to finish development and make the product, should you go ahead and do so? What is the most that you should pay to complete development?
Tangelo had $50,000 in accumulated E&P at the beginning of the year, during the year it incurred a $75,000 operating loss, it distributed $65,000 to its sole shareholder, how should the distribution be treated for tax purposes?
For each of the following independent cases, use the equation method to compute the economic order quantity.
Truck Company trades its used delivery trucks for new models at Greenwich GMC. The used trucks have a book value of $60,000 (original cost $140,000 less $80,000 accumulated depreciation). The new trucks have MSRP of $80,000. Prepare the journal entri..
Preparing a standard cost summary and making journal entires. The normal capacity of Albany Adhesives Inc. is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6lbs of materials at an estimated cost of $2 per pound. Prepa..
Determine whether each of the leases should be classified by Henri as an operating lease or a capital lease. Show computations and reasons to support your answers.
Determine the payback period of the proposed acquisition and interpret your answer.What are the problems with payback period?
Made final cash disbursements to the partners based on the assumption that all partners other than Savannah are personally solvent - Prepare journal entries to record these liquidation transactions
preparing cash budget for second quarter.prepare a cash budget for rotor products inc. for the second quarter of 2006
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