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Question - A trip to outer space by Guy Laliberte in 2009 was a taxable benefit. The trip was $41.8 million, paid and reimbursed to Cirque du Soleil's founder, as a business expense. The judge fixed the amount of the business-related portion of the trip to be about 10 percent or $4.2 million.
List some possible tax implications for Mr. Laliberte as an employee & the Cirque Du Soliel as the company?
Why would the company want to pay for the trip?
The stock has a required rate of return of 15 percent. What are the stock's intrinsic value (stock price) today, i.e. P0, and two year later
Sperberg Corporation's operating leverage is 5.2. If the company's sales increase by 10%, its net operating income should increase by about:
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Discuss one company which has committed an accounting scandal. Provide details on the fraud committed and preventative measures
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Describe the alternatives that you as an accountant would have in this situation. Jay Farrar Company is a manufacturing company
Millers Metalworks, Inc. has a total asset turnover in row 9 and a net profit margin in row 10. Calculate Millers return on equity
It turns out that dear old (forgetful) Aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now?
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