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Take a step back in time and imagine Polaris in its infancy as a company. The year is 1954. Required:1. Read the history of Polaris at www.Polaris.com. Identify the founder of the company. 2. Assume that Polaris was originally organized as a partnership. Polaris income statement in Appendix A varies in several key ways from what it would look like for a partnership. Identify at least two ways in which a corporate income statement differs from a partnership income statement. 3. Compare the Polaris balance sheet in Appendix A to what a partnership balance sheet would have shown. Identify and explain any account differences we would anticipate.
lett corp declared and issued a 15 stock dividend when they had 100000 shares of common stock issued and
Compute the present value for each of the following amounts: $90,000 received 10 years hence if the annual interest rate is 8% compounded annually OR 8% compounded semiannually
the detailing department of jackson manufacturing company has the following production and manufacturing cost data for
Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it.
assume that a certain nursing home has two categories of payers. medicaid pays 60.00 per day and private pay patients
Briefly summarize the concept of cloud computing. What advantages do businesses have in adopting this system?
Calculate the predetermined overhead rate, calculate the overhead applied and determine the amount of overhead
brad is the president of the yellow corporation. he and other members of his family control the corporation. brad has a
Wright, Inc. has an incentive compensation plan under which the sales manager receives a bonus equal to 10 percent of the company's income after deductions for bonus and income taxes.
Calculate the payout ratio and return on common stockholders' equity ratio for 2004 and 2003.
Sierra has medical staff in residence. Disregarding the 7.5% floor, how much, if any, of these expenses qualify for a medical deduction by Joanne?
sheridon corporation is investigating automating a process by purchasing a new machine for 515000 that would have a 10
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