Lesson 1

Lesson 1 - 1-4: Casual Clothing is the sole stockholder for...

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Lesson 1 ACCT 4022 Enrollment #: 648057 Submitted by Aaron Adderley Multiple Choice Answers 1.1 : C 1.2 : A 1.3 : D 1.4 : B 1.5 : D 1.6 : A 1.7 : D 1.8 : D 1.9 : B 1.10 : B Answers to exercises 1-1: Bibby, Dyer, and Lozeau are the stockholders of East Coast Yachting Incorporated and Clarke and Hartling are the stockholders of East Bay Sailing. 1-2: DeSimone and Murphy are the stockholders of Pete's Yard Maintenance and Fortier, Miranda, Rush, and Pete's Yard Maintenance are the stockholders of Independent Lawn Service. 1-3: HealthCare Review is the sole stockholder for HealthCare magazine and Perreault, Richards, and Sheldon are the stockholders of HealthCare Review.
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Unformatted text preview: 1-4: Casual Clothing is the sole stockholder for Shawn's clothing and Stafford, Vagas, Best, Creeden and Eikman are the stockholders of Casual Clothing. 1-5: If Minor Locationmeets the target then Mega Markets would recognize an investment of $3.75 million. If Minor Location does not meet the target then Mega Markets would recognize an investment of $3 million. 1-6: A: $15 million would be the investment amount recognized by Phillips Industries. B: $15 million would be the investment amount recognized by Phillips Industries. C: $14.25 million would be the investment amount recognized by Phillips Industries....
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This note was uploaded on 07/06/2008 for the course ACCT 4022 taught by Professor Carl during the Spring '08 term at LSU.

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