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Some say that Bernard L. Madoff is the biggest financial fraud in history. The New York Times gives us some background on Mr. Madoff"For Bernard L. Madoff, there was also his multimillion-dollar private foundation that doled out money to hospitals and theaters. Indeed, through his charity work at places like the Gift of Life Bone Marrow Foundation or his public service at institutions like Yeshiva University, where he served on the board, Mr. Madoff seemed to have created a stainless persona of integrity and trust. And that fit with his rate of return, which was never attention-grabbing, just solid 12-13 percent year in, year out.
How did Mr. Mandoff keep his new investments at such a high rate of return and keep paying off investors and giving to charities? Explain how he was able to do what he did financially so long.
igloo inc. owns 30 of jack co. and applies the equity method. during the current year igloo bought inventory costing
Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations.
State law requires the depreciation be charged to principal. What part of the depreciation deduction will be allocated to Mark?
Neer's income statement also included $225,000 accrued warranty expense that will be deducted for tax purposes when paid. Neer's enacted tax rates are 30% for 2007 and 2008, and 24% for 2009 and 2010. The depreciation difference and warranty expen..
complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.
a company issues bonds dated january 1 with a par value of 300000. the bonds mature in 5 years. the contract rate is 9
Describe what types of internal controls will be designed into the proposed system to provide reasonable assurance that the company's control objectives (safeguarding assets, maintaining adequate records, complying with applicable laws and regulat..
everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on
After attending your seminar about life insurance planning, she has come to you to determine whether she has enough life insurance. Besides the small disability check that her husband receives, she is the only source of income-albeit a good income..
Timmer Bachman founded the Bachman Corporation over 25 years ago. The company's genesis was the unique climbing apparatus developed by Timmer, an avid mountaineer.
explain to craig the following owhy it is it important to distinguish between expenses that need to be capitalized and
1. use the following information to prepare a statement of cash flows for reynolds inc. for 2011 using the
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