OCTOBER 1, 2016
INDIVIDUAL CASE ANALYSIS
APPLICATION OF INTERNAL FRAMEWORKS AND IDENTIFYING STRATEGIC
Trader Joes is close to obtaining a sustainable competitive advantage in the supermarket industry
A Day in the Life of Brent Dorsey
Brent could eat time and only report the budgeted 35 hours, even if it takes him longer.
o Pros: it will look good on his review and he will not have to upset John.
o Cons: He is already wor
Ocean Manufacturing, Inc.
My recommendation is that we do not accept Ocean Manufacturing as a new audit client.
Reasons for my recommendation are stated below.
Their new IT system is not efficient yet and they would require consulting
Installment Sale Review Problem
Olivia sells a rental house in 2013. She purchased the house in 1979 for $100,000. She has claimed
depreciation using an accelerated method of $95,000. Straight-line depreciation would have been
351 Review Exercise #2
Saul exchanges equipment worth $90,000 with an original cost of $100,000 and A/D of $70,000 for stock
in Slippin Jimmy, Inc. worth $40,000. In addition, the corporation assumes Sauls liability of $50,000.
1. What is Sauls:
Advanced Federal Income Taxation
Exam 2 Review Sheet
The short-answer questions on the exam will be selected from the 6 highlighted areas.
Chapter C-2: Organizational Forms & Corporate Formations
Basic rules and pros and cons o
ACCT 4040 8046 Advanced Tax
2015 S-Corp Return Project
Prepare a completed 2015 form 1120-S for Engineers Plus, Inc by pencil or pen
using the forms required and available at www.irs.gov. No typed or returns
prepared in software will
Section 351 Review Exercise
Phil exchanges the following assets for 100% of the stock of Dunphy, Inc., a newly formed Corporation:
Straight-line A/D: (50
Additional Review Exercises
Massive Dynamic has the following results for the current year:
Gross Income from Operations
Dividends (< 20% owned corporations)
Charitable Contributions (cash)