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Ethic case questions: In a recent year, an oil refinery in Texas City, Texas, on the Houston Ship Channel exploded. The explosion killed 14 people and sent a plume of smoke hundreds of feet into the air. The blast started as a fire in the section of the plant that increased the octane of the gasoline that was produced at the refinery. The Houston Ship Channel is the main waterway that allows commerce to flow from the Gulf of Mexico into Houston.
The Texas Commission on Environmental Quality expressed concern about the release of nitrogen oxides, benzene, and other known carcinogens as a result of the blast. Neighbors of the plant complained that the plant had been emitting carcinogens for years and that the regulators had ignored their complaints about emissions and unsafe working conditions.
Answer the following questions.
(a) Outline the costs that the company now faces as a result of the accident.
(b) How could the company have reduced the costs associated with the accident?
On February 12, 6, 000 shares of Lucas Company are acquired at a price of $22 per share plus a $240 brokerage fee. Prepare the journal entries for the original purchase, dividend and sale.
Question - High Low and Regression - Use the High-Low cost estimation method to determine the expected cost if 12,000 miles are logged in one month
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. What is the total amount of goodwill recognized at the date of acquisition
You are the plaintiff in a lawsuit. Your legal counsel advises that your eventual victory is inevitable. "You will be awarded $12 million," your attorney confidently asserts. Describe the appropriate accounting treatment.
Buckman Corporation issued bonds with a face value of $800,000 on April 1, 2008. Record the amortization of the premium/discount using the straight line method
Orange Furniture must include $ in gross income as the recovery of a prior deduction.
Gate Corp. had a net capital gain (computed without regard to any capital loss carryover) of $20,000 for calendar-year 2010. What amount of the acquired net capital loss of $80,000 can be used to offset Gate Corp's net capital gain for 2010?
complete a 3-5 page paper on the importance of maintaining academic honesty. this paper must be in proper apa format
Explain why being able to forecast the direction of interest rate changes may be critical for your success in that position.
Why should Mr. Garcia purchase the storage tank? Assume that kerosene purchased on a pay-as-you-go basis is paid for at the end of the year.
Sid's skins makes a variety of covers for electronic. What is the highest acceptable manufacturing cost for which Sid's would be willing to produce the cover?
on july 31 2012 bismarck company engaged duval tooling company to construct a special-purpose piece of factory
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