1. Taco Hut purchased equipment on May 1, 2010 for $15,000. Residual value at the end of an
estimated 8 year service life is expected to be $3,000. Calculate depreciation expense using the
straight-line method for 2010 and 2011, assuming a December 31 yea
Outsourcing: Do We Lose or Gain?
Historically, commodity trade has been a win-win situation for the participating countries which
leverage their specialization. Developed countries like US have a distinct advantage of
outsourcing low-cost low-skill produc
How Romney Would Make It Easier For American Companies to
Avoid Taxes, Outsource Jobs
By Travis Waldron on July 16, 2012 at 11:45 am
Republican presidential candidate Mitt Romneys plan to overhaul the American corporate tax
code would exacerbate the worst
Symptoms: extravagant lifestyle, such as several vacation homes, luxury apartments in Manhattan,
several jet planes, $700,000 membership fee in exclusive golf club, etc.
Notes from the Rigas Memorandum Submitted to the courts dated 4/15/2008 (highlights)
SEC opens a
of its 10-K
BUSI 610: Financial Accounting
Professor Emanuel Zur
Final Term A (DC)
Student Name: _
I pledge on my honor that I have not given or received any unauthorized
assistance on this exam.
Problem 1 (4 points):
Record the following trans
1. At the end of the current period, Maltese, Inc. reports the following amounts: Assets =
$50,000; Liabilities = $28,000; Dividends = $4,000; Revenues = $22,000; Expenses = $16,000.
Calculate net income and stockholders' equity at the end of the period.