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Cardinal, LLC incurred $20,000 of startup expenses, $3,000 of organizational costs, and paid $10,000 in transfer taxes to change the title (ownership) of a building contributed by one of the LLC's members. Which of the following statements is correct regarding these three amounts?
Cardinal can deduct $5,000 of the startup expenses.Cardinal can amortize $15,000 of the startup expenses over 180 months.Cardinal may deduct the full amount of the organizational costs.Cardinal can capitalize the $10,000 tax paid as a part of the depreciable basis of the building.All of the above statements are true.
The Meredith Company issued $100 par value preferred stock ten years ago. The stock provided an 8% yield at the time of issue. The preferred stock is now selling for $75.
Drew Financial Associates currently pays a quarterly dividend of fifty cents per share. This quarter's dividend will be paid to stockholders of record on Friday, February 22,
The following information are taken from the financial statements of Prone, Inc. as of the end of the year 2007. The information are in alphabetical order.
Firm x has sales of 10 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable is two million. Determine the company's DSO,
A portfolio manager has a $10 million portfolio, which consists of $1 million invested in ten separate stocks. The portfolio beta is 1.2. The risk-free rate is 5 percent and t
Weyerhaeuser, The forest products manufacturer, traded at $42 at the starting of 1996. Beta services typically place its beta at 1.0 with a market risk premium of 6%.
Suppose that Wal-Mart changes its capital structure so that its market value weight of debt to capital increases to 20 percent, and its after-tax interest rate on debt at this
After taking a closer look at numbers and doing the financial analysis, you start to think more strategically, and in a broader context, you anticipate what the CFO would ask.
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