ORIE 3150 October 20 2011 Slides (1)

ORIE 3150 October - ORIE 3150 Investments in Other Firms Prelim II Coming Up Please make sure you are keeping up with the material Homework#5

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ORIE 3150 October 20, 2011 Investments in Other Firms
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Prelim II Coming Up Please make sure you are keeping up with the material. Homework #5 seemed to catch many students unprepared. 35 students attended the Sept. 29th lecture. Not a lot of learning seemed to take place October 3 – 7, either. Well over half the class got the following problem wrong. It is not difficult.
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This problem was done in section (I hope): Data from Green Vistas Corporation follows: January 29, 2005 January 31, 2004 Land, buildings, and equipment $5,500,000 Dr $4,900,000 Dr Accumulated Depreciation $2,400,000 Cr $2,300,000 Cr The cash flow statement reveals that depreciation expense was $220,000, capital expenditures for Land, Buildings and Equipment were $900,000, and Land, Buildings, and Equipment were sold for $200,000 cash. Prepare the journal entry to record this sale.
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Corporations often purchase shares of stock in other corporations. This may be done for simple price appreciation (I think the stock price will go up) Or for a more strategic reason (My company needs this company to supply us with raw material).
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This note was uploaded on 12/11/2011 for the course ORIE 3150 taught by Professor Callister during the Fall '08 term at Cornell University (Engineering School).

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ORIE 3150 October - ORIE 3150 Investments in Other Firms Prelim II Coming Up Please make sure you are keeping up with the material Homework#5

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