Current asset

Archibold, C. R. (2006, March 4). Ex-Congressman Gets 8-Year Term in Bribery Case. New York Times. Retrieved from http://www.nytimes.com/2006/03/04/politics/04cunningham.html Associated Press. (2006, March 4). Ex-congressman begins prison sentence. NBC NEWS. Retrieved from http://www.nbcnews.com/id/11655893/ns/us_news-crime_and_courts/t/ex-congressman-begins-prison-sentence/#.Vm2tY7-bbFk Bachrach, J. (2006, July 31). Washington Babylon. Vanity Fair. Retireved from…

A “lifetime gifting program” can be annually used by Meg to each of her children through “gift-splitting elections” (“Gift and Estate Tax Planning” 14-22). Assets must be transferred in a maximum rate into “living trusts” in order to eliminate “probate,” and induce as “pour over” in case the property is “still held at death” and is intended to be allocated as living trust (“Gift and Estate Tax Planning” 14-22). Meg can consider having a “bypass trust” and a “marital deduction trust.” The…

Rite Aid Corporation’s debt also includes 9.375% senior notes. The face value of these notes is $410,000. The current carrying value is $405,951. Carrying value or book value is the face value plus any premiums or minus any discounts. Thus, the difference between the face value and carrying value for these notes is due to an unamortized discount of $4,049. The cash interest payment on these notes during fiscal 2009 equals $38,438, and this number can be calculated by taking the face value of…

is dependable. The objective of inward controls is to make business hones that fill in as "governing rules" on staff (and now and then board individuals) or outside sellers keeping in mind the end goal to decrease the danger of misappropriation of assets/resources. As indicated by Weikart et. al (2013) underscores that charities associations must give shields to all property, regardless of whether money or different resources, and guarantee that it is utilized exclusively for approved purposes.…

Act provides that the assessee must include in his/her assessable income the net amount generated by way of sale of capital asset held by him/her during the income year under consideration.  According to 102-20, the capital gain tax is attracted only when CGT event takes place. The section further provides that CGT event takes place when assessee transfers the capital Asset during the income…

Two of J. Crew’s major and growing competitors are Gap and Banana Republic. Banana Republic, Gap, and J.Crew share several similarities, in that they have similar design aesthetics, target markets and store atmospheres/locations. Banana Republic focuses on a trendy take on work basics. Gap focuses on a classic American style with a trendy twist. J.Crew focuses on classic designs and a simple, clean style. The main point of difference between all of the brands is their perceived quality and the…

Netflix is a worldwide provider of streaming movies and TV. Most people do not know Netflix has been around since 1998, but the company only sent DVD’s by mail during that period. Netflix did not begin its streaming services until 2007. Short afterwards Netflix expanded its services to Canada, and then expanded to 190 countries (Minaya, Ezequiel). As cable companies become more and more expansive, people start to switch to streaming their shows and movies instead of having a cable subscription.…

The following are my raw scores and percentile rankings from Oliver’s (2015) Big Five Inventory survey. My raw open-mindedness (i.e. openness) score is 1.00, and shows a higher ranking than 98% of other participants that have taken the survey, which indicates I tend to enjoy new experiences and viewing situations or problems from multiple perspectives. My raw score for conscientiousness is 0.96, and places higher than 99% of previous participants, which overall suggests I am well-organized and…

You asked the following question: “Section 8.15.1.1 Concealed Spaces requiring sprinkler protection. Concealed spaces of exposed combustible construction shall be protected by sprinklers except in concealed spaces where sprinklers are not required to be installed by 8.15.1.2.5 (We have protected the exposed combustible wood joist concealed areas as noted on our plan) concealed spaces formed by ceilings attached directly to or within 6 in. of wood joist or similar solid member construction shall…

the accounting for Intangible assets are laid out in APB 17. According to APB 17, Paragraph 9, a company should record costs of intangible assets acquired from others, including goodwill, as an asset. All costs incurred to develop intangible assets that are not specifically identifiable should be recorded as expenses. Where an intangible asset has been recorded, its cost should be amortized by systematic charges to income over the estimated period of benefit of the asset. The amortization period…