The Outcome from the Acquisition of Mason Machining, Inc. by Jefferson Industrial Machines Jody L. Thompson ACCT618-1502A-01 Professor Leslie Cooper – Blood Phase 4 Individual Project Colorado Technical University Abstract The intended purpose of this paper is to establish and the outcome that comes from the acquisition of Mason Machining, Inc. by Jefferson Industrial Machines. By ensuring that the proper understanding of the overall outcome of the acquisition of Mason Machining, Inc. by Jefferson Industrial Machines is understood will help both corporations to understand what is going to happen to the shareholders and the corporations regarding tax liabilities and corporate gains. Jefferson Industrial Machines acquired Mason Machining, Inc. with assets having a FMV of $1,775,000 and an adjusted basis of $995,000 and $200,000 in liabilities to JIM in exchange for $750,000 in cash and $800,000 of JIM's common stock. This paper will discuss or explain the following about the acquisition of the companies: it will explain the type of merger that occurred with this type of information being converted between the companies. Then it will show the calculations that will show the gains that Mason Machining, Inc. will get from this transaction.
Jackson, for Respondent. |Date: |2000-06-19 | |Docket: |AI 99-30-04430 | |Parallel citations: |[2000] 9 WWR 1; 6 BLR (3d) 193; 148 Man R (2d) 19 | Introduction: The issue in this appeal is whether or not the trial judge was in error in finding that the parties had negotiated a valid contract for the sale of shares in a privately held company. Facts and Background: Gendis Inc. owned 50% of the issued shares of a private company that produces oil in western Manitoba, Saskatchewan and Alberta called Tundra Oil and Gas Ltd. On January 28, 1998, Albert Cohen, the chair of Gendis’s board of directors, approached George Richardson, the managing director of James Richardson & Sons, Limited, the parent company of Richardson, for the purpose of selling the Gendis shares in Tundra to Richardson. Albert Cohen and George Richardson met on two occasions early in 1998 and also exchanged telephone calls in an attempt to reach an agreement. In a meeting on February 12, 1998 Albert Cohen decided that the CEO of Gendis, Allan MacKenzie, will be the authorized Agent negotiating the sale on behalf of Gendis.
Known in this case as Johnson Services which has accumulated significant losses. Issues: 1. Outstanding purchase of stock (a) Mr. Jones would like to know if he should purchase the stock of Smithton outright, leaving Smithton intact. He also wants to know if he issues debt in his Johnson Services to pay for the Smith Company would that raise debt to equity issues (b) Mr. Jones also wanted to know should he convert Smithton to an S Corporation and change the fiscal year to a calendar year. (c) Mr. Jones also asked what are the potential tax ramifications that exist for
Liquidity Ratio Calculations: Current Ratio = Current Assets / Current Liabilities $147,800 / $90,283 = $1.637:1 Acid-Test Ratio = (Cash + Short-Term Investments + Net Receivables) / Current Liabilities $89,664 + $0 + $51,869 / $90,283 = $1.567:1 Receivables Turnover = Net Credit Sales / Average Receivables ($1,109,295 - $89,664) / [($51,869 + $81,557) / 2] = 15.283 *Average Collection Period = 365 / 15.283 = 23.883 Days When evaluating Huffman Trucking’s ability to pay off short-term debt and maturing obligations, it’s imperative to analyze the company’s liquidity. Utilizing the current ratio to analyze liquidity, which compares all current assets to current liabilities,
The Keystone XL Pipeline: It’s a Good Thing By: Samantha Prewitt The Keystone XL Pipeline: It’s a Good Thing The Keystone XL Pipeline Project is a proposed crude oil pipeline that begins in Hardisty, Alberta, Canada, crosses through an international border and ends in Steele City, Nebraska. From here it connects with existing pipelines, which will allow American oil producers more access to the large refining areas located in the Midwest and along the US Gulf Coast. It has been six years since TransCanada has applied for approval for this project and the project itself has gone through three revisions, including two reroutes of the pipeline itself. This article will attempt to dissect the benefits of the Keystone XL project and what it
With a 13.5% share in the sugar market BSM is already a leader in the Mexico. Acquiring a new mill that needs 100 million plus dollars of work with the current threats to the sugar market in Mexico is not recommended. In the paragraphs to follow our decision not to invest in another mill during the government auction will be explained. We will also address the key arguments for the acquisition of another mill and why these factors, while important, were insufficient to support a decision to buy another mill. Instead, we suggest that BSM take the money that would have been used to purchase the new mill and use it to improve their efficiency in the 6 mills they already operate.
The centennial at philidiea was a global event that would showcase America’s strength, innovation intellengacne, and prosperity since its Declaration. The historc fair would be catalyst in the industrial revolution and America’s future in becoming one of the global superpowers. Many great inventions that were first unvieled at this Philidiea gathering would forever change society such as The Corliss stem power engine, Alexander Graham Bell’s telephone, Pennsylvania Railroad, Remington Typographic Machine along with many more. However the biggest reavealing was the the Corliss steam engine standing proud at 45 feet with a flywheel 30 feet in diameter President Grant and Emperor Dom Pedro of Brazil started the Corliss engine and brought life to the fair on May 10, 1876. This massive symbol of the America’s ingenuity was at the center of Machinary Hall and would power the fair and the 800 other machines throughout the centennial exposition.
Riordan Benchmarking Alexis OB Holland, Lori Maas, Queenetta Parris MMPBL/560 July 30, 2012 Rachelle Disbennett-Lee Riordan Benchmarking Riordan Manufacturing is a subsidiary of Fortune 1000 powerhouse, Riordan Industries. Riordan Industries is the brainchild of renowned chemist Dr. Michael Riordan. Given the success of the domestic facilities, opened an international facility in the Hangzhou Province of China but soon faced issues of international management and cultural diversity. This paper will focus on an analysis of six companies facing similar issues to Riordan Manufacturing, how the companies responded to those issues, and the resulting outcomes. Additionally, this paper will provide a comparison and contrasts
APUSH Unit 4 Chapters 23-27 Main Themes: 1. How various factors (raw materials, labor supply, technology, business organization, growing markets, and friendly governments) combined to thrust the United States into worldwide industrial leadership. 2. How this explosion of industrial capitalism was both extolled for its accomplishments and attacked for its excesses. 3.
Standards-Based Decision Making Eth/376 May 20, 2013 Learning Team "A" Standards-Based Decision Making ABC Corporations is a publically traded corporation and is a major nationwide merchandiser. ABC Corporation has hired a CPA firm named Green and Associates to perform an external audit. During the research, Green and Associates discovered that ABC switched their inventory valuation methods from FIFO to LIFO, which has caused some concerns. This paper will cover the audit opinions, whether or not ABC is in agreement with the SOX, GAAP, and GAAS, and the ethical issues involved in this case. Four types of audit opinions There are four different types of opinions that Green and Associates could provide at the end of the financial audit of ABC Corporation.