NON-MONETARY STOCK TRANSACTION (CASE 1)
Spartan Corporation is a successful gold mining company who has operations in the U.S.,
Canada and South America.
They are in the process of expanding their mineral holdings through acquisition of other gold
Glibler, Inc., on January 1, 2013, initiated a noncontributory defined benefit pension plan for its
employees. An actuarial consulting firm has indicated that the present value of the projected benefit
obligation on January 1, 2013
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August 3, 2010
The 5 Essential People
How to Assert Yourself, Listen to Others,
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From The 5 Essential People Skills by Dale Carnegie.
Chapter 19 Ethics Case
Stephanie Delaney, CPA, is the newly hired director of corporate taxation for Acme
Incorporated, which is a publicly traded corporation. Ms. Delaney's first job with Acme
was the review of the company's accounting practices on defer
An independent audit adds value to the communication of financial information because the audit
Confirms the exact accuracy of managements financial representations.
Lends credibility to the financial statements.
Guarantees that financial data are fa
Part I Questions
A Based on the information, which assertion(s) for sales should the auditor be most
concerned with? Why?
Due to the 184 percent increase in consolidated revenue from 1997 to 1998, and the over 58
million growth in revenue in South Korea,
E26-10 Compute cash payback period and net present value
Doug's Custom Construction Company is considering three new projects, each requiring an equipment
investment of $22,000. Each project will last for 3 years and produce the following net annual cash
Chapter 20 Ethics Case
Thinken Technology recently merged with College Elec-tronix (CE), a computer
graphics company. In performing a comprehensive audit of CE's accounting system,
Gerald Ott, internal audit manager for Thinken Technology, discovered that
Professional accountants in general have the duty to work for the benefits of several
interested parties in society. Ethics codes vary by regulating institution, International Ethics
Standards Board for Accountants (IESBA) publishes the handbook,
Develop a response in either Word or Excel and follow the instructions outlined in the Assignments Me
Answer each of the following unrelated questions:
(a)On January 1, 2007, Sandstone Corporation sold a building that cost $250,000
Grouper Corporation issued 11,500 shares of $2 par value common stock upon conversion of
$2,300 shares of $100 par value preferred stock. The preferred stock was originally issued at
$107 per share. The common stock is trading at $26 per share at the time
Practice Exercise 14-2
Oriole Company issued $2,300,000 of 10%, 10-year bonds on January 1, 2017, at 103. Interest is payable semiannually on
July 1 and January 1. Oriole Company uses the effective-interest method of amortization for bond premium or disco
On June 30, 2017, Baker Co. had outstanding 8%, $6,000,000 face amount, 15-year bonds maturing on Jun
unamortized balance in the bond discount account on June 30, 2017 was $210,000. On June 30, 2017, Baker a
amount should be used in computing gain or loss
During its first year of operations, Headland Company had the following transactions pertaining to its common stock.
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $2 pe
Chapter 16 Ethics Case
The executive officers of Rouse Corporation have a performance-based compensation
plan. The performance criteria of this plan is linked to growth in earnings per share.
When annual EPS growth is 12%, the Rouse executives earn 100% o
On December 31, 2010, Palli Company finished consultation services and accepted
in exchange a promissory note with a face value of $240,000, a due date of
December 31, 2013, and a stated rate of 5%, with interest receivable at the end of
each year. The fa
Chapter 15 Ethics Case
Lois Kenseth, president of Sycamore Corporation, is concerned about several large
stockholders who have been very vocal lately in their criticisms of her leadership. She
thinks they might mount a campaign to have her removed as the
Bragg Corp. had $1,500,000 net income in 2013. On January 1, 2013 there were 200,000 shares of
common stock outstanding. On April 1, 25,000 shares were issued and on September 1, Bragg brought
15,000 shares of treasury stock. There
Develop a response in either Word or Excel and follow the instructions outlined in the
Assignments Menu for submission.
The following information is available from Jansen's inventory records for Product X:
COURSE: INTRODUCTION TO MANAGEMENT-MBA 812
NAME: AMEH MICHAEL APEH
QUESTION: RELEVANCE OF NETWORKING TO CONTEMPORARY MANAGERS.
In the modern scenario of Business organization, Networking is a part of interpersonal