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    Reporting Bonds Issued at Par LO 10-2

    P10-2 Reporting Bonds Issued at Par LO 10-2 On January 1, 2014, Nowell Company issued $500,000 in bonds that mature in five years. The bonds have a stated interest rate of 8 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest was 8 percent. (If

    Urban Outfitters: Statement of Cash Flows

    Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book (or at http://www.sec.gov/Archives/edgar/data/912615/000119312512146029/d276682d10k.htm). 1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities? Answer: Indirect Method

    Depreciation at Delta Airlines: The "Fresh Start"

    Estimating depreciation for matching with revenues during an accounting period requires determination of the cost, estimation of the life and residual value, and selecting a pattern for reporting depreciation over the life of the asset. Aircraft used by commercial airlines are expensive, have a finite life, and are sold and reso

    Subeo versus Dragon's Den

    The inventor of Subeo, a UK company that was formed in 1993 to develop small state-of-the- art underwater vehicles, is looking for a substantial investment from the dragons. You will see in the attached transcripts that a heated discussion arises about the value of Subeo's assets. Ultimately, the asset debate and related firm va

    Preparing the Stockholder's Equity Section in a Balance Sheet

    Witt Corporation received its charter during January 2014. The charter authorized the following capital stock: Preferred stock: 10 percent, par $10, authorized 21,000 shares Common stock: par $8, authorized 50,000 shares. During 2014, the following transactions occurred in the order given: a. Issue

    Facebook's GAAP to Pro-Forma Income

    In order to answer these questions, you will need to review the attached files. What information can the pro-forma earnings number provide that the GAAP earnings number does not? Give examples from Facebook of the possible differences that might exist between the two earnings numbers. What are the potential advantages and

    Apple, Inc: Revenue Recognition

    Obtain Apple's annual report for the 2009 financial year. The filing date is: 2009-10-27. To make sure you have the correct file, I also provided the link: http://www.sec.gov/Archives/edgar/data/320193/000119312509214859/d10k.htm Using the links provided, answer the following questions Questions: 1. Refer to the revenue r

    Accounting Help

    Please refer to the attachment for the questions. Do the following: 1) Prepare Income statement for company going through a bankruptcy reorganization 2) Adjusting a company coming out of reorganization to fresh start accounting 3) Reporting of debts during liquidation 4) Distribution of assets in a liquidation 5) Payments

    Accounting: Fraud and Abuse

    What is your experience with accounting fraud or abuse? The experience can be professional with your career or personal with volunteer work, etc. If you cannot come with your own experience, you can use examples in the course materials or other resources.

    Journal Article analysis

    I have 3 journal articles on internal controls and need assistance writing a one page response to each of the three summarizing the articles and any strengths and weaknesses with the author's writing on controls and how they are operating. These are the articles: 1. Hawkins, D. F. (2005). Introduction to the internal contro

    Economic Order Quantity and Inventory

    The High-Rise Building Company uses 400,000 tons of stone per year. The carrying costs are $100/ton. The cost per order is $500. Calculate the optimal number of orders per year. 400 100 200 300 The High-Rise Building Company uses 400,000 tons of stone per year. The carrying costs are $100/ton. The cost per order

    Value of the Interest Tax Shield

    If a firm permanently borrows $100 million at an interest rate of 8%, what is the present value of the interest tax shield? (Assume that the marginal corporate tax rate is 30%.) $8.00 million $5.60 million $30.00 million $26.67 million If a firm permanently borrows $50 million at an interest rate of 10%, what

    After Tax Earnings, Long Term Debt and Equity

    1. A firm has an average investment of $1,000 during the year. During the same time, the firm generates after-tax earnings of $150. If the cost of capital is 10%, what is the net return on investment? 2. A firm has $100 million in current liabilities, $200 million in total long-term liabilities, $300 million in stockholder

    Expected Rate of Return on Various Investments

    What is the opportunity cost of capital for a risky project? Provide a definition. A three-year bond with 10% coupon rate and $1,000 face value yields 8%. Assuming annual coupon payments, calculate the price of the bond. A three-year bond has an 8.0% coupon rate and a $1,000 face value. If the yield to maturity on the bo

    Gift Tax, Estate Tax and the Unified Crefitw

    Completely answer the following questions Identify the features common to the gift tax formula and the estate tax formula. Explain why Congress felt it necessary to enact a gift tax to complement the estate tax. Describe the unified credit and the purpose it serves in the gift and estate tax.

    Income Statements for a Corporation

    Complete in Excel (LO3) Jack and Jill are owners of UpAHill, an S corporation. They own 25 and 75 percent, respectively. What amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? Complete UpAHill's Form 1120S, Schedule K, for year 1. Complete Jill's

    Joe's Fly-by-Night Oil: Financial analysis

    See the attached file for data and answer the following questions: 12. What was Joe's NOPAT in 2013? 13. What was Joe's Free Cash Flow (FCF) in 2013? (Note: For this question, assume Joe obtained no new plant and equipment or additional net working capital in 2013. Thus his Net Investment in Operating Capital (NIOC) for

    Cash Flow Decisions

    What are the trade-offs involved in deciding the quantity of inventory the firm should carry? In what way does the cash manager face a similar trade-off?

    Management Accounting in Business

    1. What industries do you think will have higher financial slack? Why? 2. There are some companies out there that feel like the end is near so pay out a bunch of returns to investors in panic which is essence is financial slack. Do you think that the SEC can force them to pay that back? 3. If a company is well matured and in

    Partnership Accounting Period and Method

    Please help with the following problem: What options are available to an S Corporation for accounting period choices and accounting methods? Why would you select one versus other alternatives?

    Senior Management Pay, Incompetent Management

    1. We have heard a lot in the news how people feel upper management and executives are highly overpaid. Do you agree or do you feel that it is o.k. to pay high amounts of wages and bonuses to the top people? 2. Do you think that upper level management and executives are more likely to get fired in times of trouble for the compa