Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Scruffy Murphy is the president and principal stockholder of Scruffy's Bar and Grill Inc. To expand the business, the corporation is applying for a $250,000 bank loan. To increase the chance of getting the loan, Murphy is considering two options for beefing up the owners' equity of the corporation: Option 1: Issue $100,000 of common stock for cash. A friend has been wanting to invest in the company. This may be the right time to extend the offer. Option 2: Transfer $100,000 of Murphy's personal land to the corporation, and issue common stock to Murphy. Then, after obtaining the loan, Murphy can transfer the land back to himself and zero out the common stock. Using your judgment, please answer the following: 1. 1.What is the ethical issue? 2. 2. Who would be affected by the choice between these two options? And what are the possible consequences to them? a. Option 1 b. Option 2 3. 3. What do you think about these two options from the following standpoints: a. Economic: b. Ethical: 4. 4. What would you do? How would you justify your decision?
The revenue principle states that revenue shall be recognized at a point when
How much higher (or lower) would the company's first-year net income have been if absorption costing had been used rather than variable costing? Show computations.
southworth company uses a job order costing system and applies manufacturing overhead cost to jobs on the bases of the
What are some of the accounting issues that the city faces when accounting for defined benefit plans as compared to a defined contribution plan?
1.what are heinzs business segments? are heinzs operating segments based on productindustry or geographic
how might focusing on the four perspectives of the balanced scorecard benefit an organization? give examples.why and
discuss the complexity in determining the distinction between ordinary and capital assets. analyze the rationale for
Calculate the amount of dividends declared during 20x8 on the nonconvertible preferred stock.
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Hrabik uses the effective-inter..
presented below are the components in gates companys income statement.determine the missing amounts.nbspnbspsales
the stockholders equity section of patrick corporations balance sheet at december 31 is presented
Sales on credit 280,000, cash sales 100,000, sales discount 13,000, sales return and allowances 11,000. Prepare the sales revenues section of the income statement based on this information.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd