INTERMEDIATE ACCOUNTING II/ Intermediate Accounting, Spiceland/Sepe/Nelson Re: Judgment Case 18-5 Requirement 1. The two alternatives Alcoa has for accounting for the repurchase of it’s shares are: 1) The shares can be formally retired. 2) The shares can be named treasury stock Either way, total shareholders’ equity remains the same. Cash is used to repurchase common stock so the effect is to reduce both cash and shareholders’ equity. This choice does, however, affect how individual shareholders’ accounts are reported in the balance sheet.
Johnson will be personally taxed on all of Smithons income. This has the favor of eliminating the double taxation commonly associated with a C-Corporation. However, it will improver Johnsons current tax liability. there is usually no benefit to an S-corporation for a wealthy singular who is already in the go on tax bracket. S-Corporation income tends to favor start-up businesses and taxpayers with humble income, because the corporation is taxed at the individuals sink personal income tax rate.
If I were a human resource manager, I would be ashamed and I would feel like I didn't do my job, and that I just ignored a safety issue that was serious. The lawsuit costed the company a lot money and I would be afraid that I would lose my job over the lawsuit. The courts verdict would affect me greatly and I would be ashamed to go back to work. Their was no explanation as to why the safety complaints were never investigated
1. Outright purchase of Smith stock a) Yes, Mr. Jones should purchase the stock of Smith outright, leaving Smithon intact as purchasing the stock of Smith co. is the simple and reasonable transaction where he can also minimize the cost of administrative matters. While issuing debt in his Johnson Services Co. to pay for the Smith Company there can arise debt issue for Johnson co if the cash flow of the company is insufficient in making such purchase to buy Smith co stock. b) Converting C corp to S corp has taxation benefit as C corp faces double taxation. Here, converting Smithon to S corp can give an advantage of having a control of limited or small number of shareholders.
While the Winklevoss twins originated the idea and had begun executing it, they had taken no steps to protect their intellectual property and had no formal arrangement with Zuckerberg. It is likely that they made several missteps that led to the loss of billions of dollars. The first misstep was their assumption that their idea would be protected from theft. Their second misstep was not taking action to protect their idea, which led to the false assumption about Zuckerberg. For his part, Zuckerberg conducted himself with weak moral standing, having stolen a valuable idea and taken steps to register and launch it without stating his position to the Winklevosses.
Their preferred status as the government's banker caused others to view them as more secure, which led to their holding deposits and serving as a "banker's bank." That, along with an expanded role in payments and lending, led to their taking on a regulatory role, since they needed to ensure the quality of banks with which they were doing business. And finally, their power over the issuing of currency and tremendous capital holdings led to the development of monetary policy, for which central banks are now best known. In designing the new Bank, Glass and Willis took lessons from the First and Second banks. They removed the private role of the bank in commercial lending, so that the new bank would be a largely public institution.
However, the Second Mile stated that they never knew anything about the incident, although this may not be accurate. Curley and Schultz were charged with failing to tell the police, and falsely telling the grand jury that they were never informed them about the incident. McQueary was a graduate assistant at the time and he displayed more good ethics than the organizational leadership of the school. By Curley and Schultz covering up the incident the abuse could continue because no one ever knew of Sandusky’s extreme unethical behaviors. However, McQueary attempted to do what was right by informing his superiors; but that was not enough to stop the abuse.
He did not have any advice for addictions because he was so secretive about the whole thing. Not much is known about his drug addiction because he made his publicist tell everyone that he wanted privacy of his disease, which is reasonable since nobody would want low life paparazzi going into other people’s personal lives. If I had the opportunity to meet Matthew Perry…. I would absolutely ask for his signature.
If a partnership loses money, or cannot repay loans, lenders are able to recover money owed by requiring the partners to sell items of property that they own personally. Limited companies on the other hand are a legal arrangement for regulating the ownership of a business. A company is regarded as a separate person for the purposes of the law. In example, a company unlike a partnership can enter into a legal contract. This would mean that if the other contracting person sues; he or she sues the company, not the owners of the company.