On February 1- 2013- Pearson Corporation became the lessee of equipmen.docx

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On February 1, 2013, Pearson Corporation became the lessee of equipment under a five-year, noncancelable lease. The estimated economic life of the equipment is eight years. The fair value of the equipment was $680,000. The lease does not meet the definition of a capital lease in terms of a bargain purchase option, transfer of title, or the lease term. However, Pearson must classify this as a capital lease if the present value of the minimum lease payments is at least Solution In the case of capital lease, the liablility for lease should be recognised at the lower of (a) Fair value of the leased asset at the inception of lease. (b) Present value of minimum lease payment from the lessee point of view. Here, only Fair value of Asset is given. So, The capital lease is classify if the present value of the minimum lease payments is at least $ 680,000. .

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On February 1- 2013- Pearson Corporation became the lessee of equipmen.docx

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A cockroach of mass m lies on the rim of a uniform disk of mass 5.00 m that can rotate freely about its center like a merry-go-round. Initially the cockroach and disk rotate together with an angular velocity of 0.410 rad/s. Then the cockroach walks halfway to the center of the disk. (a) What then is the angular velocity of the cockroach-disk system? (b) What is the ratio K / K 0 of the new kinetic energy of the system to its initial kinetic energy? Solution let m1 = m m2 = 5*m wi = 0.41 rad/s let R is the radius of the disk a) Apply conservation of angular momentum = initial angular momenum (m1*(R/2)^2 + 0.5*m2*R^2)*wf = (m1*R^2 + 0.5*m2*R^2)*wi (m*(R/2)^2 + 0.5*5*m*R^2)*wf = (m*R^2 + 0.5*0.5*m*R^2)*wi m*R^2*(1/4 + 2.5)*wf = m*R^2*(1 + 2.5)*wi 2.75*wf = 3.5*wi => wf = (3.5/2.75)*wi = (3.5/2.75)*0.41 = 0.522 rad/s b) K = (1/2)*If*wf^2 = (1/2)*(m1*(R/2)^2 + 0.5*m2*R^2)*wf^2 = (1/2)*(m*R^2/4 + 0.5*5*m*R^2)*wf^2 = (1/2)*m*R^2*(2.75)*wf^2 Ko = (1/2)*Ii*wi^2 = (1/2)*(m1*R^2 + 0.5*m2*R^2)*wi^2 = (1/2)*(m*R^2 + 0.5*5*m*R^2)*wi^2 = (1/2)*m*R^2*(3.5)*wi^2 K/Ko = (2.75)*wf^2/(3.5*wi^2) = 2.75*0.522^2/(3.5*0.41^2) = 1.27 .

A cockroach of mass m lies on the rim of a uniform disk of mass 5-00 m.docx

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A city is considering reidevelopment of existing 500 ha of industrial lands to an area of mixed use (residential, commercial, and institutional). The land has housed a number of industries over the last several decades, which has resulted in significant contamination of soil groundwater. Following the CSCE Guildlines for Sustainable Development, decribe some considerations you would have if you were tasked with one of the following: a) developing an integrated water management plan (i.e. drinking water, wastewater and stormwater management) for the development. b) working with architects in planning and design of new buildings to be constructed on the property. c) preparing a transportation master plan (all forms of transportation) for the site.. Solution a) Drinking Water- Treatment plant has to be provided as per codal provisions for water purity for drinking. Estimation of drinking water should be done by proper expectation for 50 or design life time for treatment system. Based on the usage KLD per day by different means & intensity we need to expect the need for the system. Waste water - Based on usage wastage expected by different means of system & the same has to be properly treated befre it comes out and disposed to river or lake or reusage by other means. b) New buildings are planned based on traffic analysis & proper town planning so that addition wont object present Eco System. c) Transport system- Based on people statistics, like age , type of people we have to project the common and most usable transport , It may be BRTS, Metro or Local network. .

A city is considering reidevelopment of existing 500 ha of industrial.docx

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On January 1- 2014- the Gamekeeper On January 1- 2014- the Gamekee.docx

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On January 1, 2014, The Timber Company acquired a 12% interest in the Twig Corporation through the purcahse of 72,000 sahres of Twigs common stock, paying $422,000. During 2014, Twig paid $28,000 in total dividends and reported net income of $95,675. The market price of Twigs common stock was $5.44 per share on December 31, 2014. Journalize the following: A. Timbers stock acquisition B. Timbers realized income for 2104 C. Entry or entries to adjust the investment account to its appropriate 12/31/14 balance. Solution Investment in Common Stock Dr 422,000.00 To Bank A/C 422,000.00 (Being investment in common Stock) Bank Account Dr 3,360.00 To Dividend A/C 3,360.00 (Being dividend received(28000*12%) Provision for dimunition in Value Dr 30,320.00 To Investment 30,320.00 (Being decline in value of investment) Profit and loss Ac Dr 30,320.00 To Provision for dimunition in Value 30,320.00 (Being provision charged to profit and Loss Account) Note No of shares 72,000.00 Purchase price 422,000.00 Purchase price per share 5.86 Purchase price per share at end of year 5.44 Loss per share 0.42 Total decline in investment 30,320.00 .

On January 1- 2014- The Timber Company acquired a 12- interest in the.docx

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On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Floozy made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Floozy\'s stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year Requirements: a. Prepare the January 1 & December 31 general journal entries for Frick Company. b. How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014 Solution a. Prepare the January 1 & December 31 general journal entries for Frick Company. b. How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014 Frick Company report on the balance sheet for investment in Floozy as the end of 2014= $ 90000 .

On January 1- 2014- Frick Company purchased 10-000 shares of the stock.docx

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On January 1- 2013- Randolph signed a two year lease to rent office sp.docx

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On January 1, 2011, Mulcahy Manufacturing Inc., a newly formed corporation, issued 1,000 shares of common stock in exchange for $135,600 cash. No other shares were issued during 2011, and no shares were repurchased by the corporation. On November 1, 2011, the corporation Solution Mulcahy Manufacturing Inc Stock holder equity, Dec, 31 2011 Particulars Amount Capital stock: Common stock $135,600 Net income $25,300 ____________ Total Stock holder equity $160,900 _____________ Note: corporation major stock holder sold to another stock holder, ownership change but corporation stock remain unchanged. Capital gain to particular stock holder not to corporation. .

On January 1- 2011- Mulcahy Manufacturing Inc-- a newly formed corpora.docx

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On January 1, 2011, Bishop Company issued 10% bonds dated January 1, 2011, with a face amount of $20 million. The bonds mature in 2020 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. REQUIRED: A. Determine the price of the bonds at January1, 2011. B. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2011. C.Prepare the journal entry to record interest on June 30, 2011, using the effective interest method. D. Prepare the journal entry to record interest on December 31,2011, using the effective interest method Solution Answer A. Price of bond A=20*10%/2 i=12%/2=.6 n=10*2=20 FV = 20 million =1*(1-(1+.6)-20/0.6+20/(1+.6)*20 = 17.71 Million B. Cash.....................................................Dr.$177,06,016 Unmortized discount on bond Issue.........Dr $22,93,984 Bonds Payable.....................Cr $200,000,00 C. Interest Expense .....................................Dr $11,14,699 Cash ............................................................Cr $10,00,000 Unmortized discount on bond issue..................Cr.$1,14,699 .

On January 1- 2011- Bishop Company issued 10- bonds dated January 1- 2.docx

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On January 1, 2010 Manovic LTD paid HULU $120 for internet movie access for the entire year of 2010. 1)Create the proper journal entry for Manovic as of January 1, 2010. Include description of entry below it. 2)Create the proper journal entry to recognize entertainment expense on January 31, 2010. Include description of entry below it. 3)How much entertainment expense will Manovic have incurred by March 31th, 2010? 4)How much prepaid entertainment will Manovic still have remaining on March 31th , 2010? Solution 1jan)Prepaid Entertainment Debit $ 120 Cash creditÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 120 [Since advance paid for whole year for Internet movie access is an asset Therefore it is Debited.and cash is going out of business therefore credited] 31jan) Entertainment expense Debit $ 10 Prepaid Entertainment creditÂ Â Â $ 10 [Recognising the subscription paid in advance, for month of january of services used in january.since $120year is for whole year therefore subscription expense for month of january = $10 [120/12] subscription expense for month of January = 12 [120/12]. 31March)Expense incurred till 31 march is equal to 10*3 =$ 30 [from january to march] 31March)Till 31 march $30 is incurred as entertainment expense therefore prepaid entertainment still remaining on 31 march= $ 90Â Â Â [ 120-30] .

On January 1- 2010 Manovic LTD paid HULU $120 for internet movie acces.docx

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On December 31,2011, the shareholders\' equity section of the balance sheet of R & L Corporation reflected the following: On February 1,2012, the board of directors declared a 12 percent stock dividend to be issued April 30,2012. The market value of the shares on February 1,2012, was $16 per share. Required: For comparative purposes, prepare the shareholders\' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. (Omit the \"$\" sign in your response.) Solution Hi, Please find the alternative solution as follows: Thanks. .

On December 31-2011- the shareholders-' equity section of the balance.docx

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On December 31, 2012 Revel Corporation\'s balance sheet reported the following. During 2013, Rebel decided to discontinue accounting for share buybacks as treasury shares. Instead, the shares will be treated as having been retired. REQUIRED: PREPARE THE APPROPRIATE JOURNAL ENTRY TO EFFECT THIS CHANGE. Solution C COMMON stock (20000 x1) 20000 Paid-in Capital in Excess of Par 80000 Retained earning -difference 525 000 Treasury stock 625 000 4M/1M=$4 4X 20000=80000 .

On December 31- 2012 Revel Corporation-'s balance sheet reported the f.docx

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On December 31, 2008, Nolte Co. is in financial difficulty and cannot pay a note due that day. It is a $600,000 note with $60,000 accrued interest payable to Piper, Inc. Piper agrees to accept from Nolte equipment that has a fair value of $290,000, an original cost of $480,000, and accumulated depreciation of $230,000. Piper also forgives the accrued interest, extends the maturity date to December 31, 2011, reduces the face amount of the note to $250,000, and reduces the interest rate to 6%, with interest payable at the end of each year. *103. Nolte should recognize a gain or loss on the transfer of the equipment of a. $0. b. $40,000 gain. c. $60,000 gain. d. $190,000 loss. *104. Nolte should recognize a gain on the partial settlement and restructure of the debt of a. $0. b. $15,000. c. $55,000. d. $75,000. *105. Nolte should record interest expense for 2011 of a. $0. b. $15,000. c. $30,000. d. $45,000. Solution a. Fair value - ( Original cost - accumulated depreciation) = $290,000 .

On December 31- 2008- Nolte Co- is in financial difficulty and cannot.docx

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On February 12- Addison- Inc- purchased 6-000 shares of Lucas Company.docx

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On December 1, 2014, Mr. and Mrs. Tyler purchased four tickets for a New Year\'s Eve party at their church, a qualified charitable organization. Each ticket cost $75 and had a FMV of $50. The Tylers gave two of the tickets to a needy family in the community. Mr. Tyler tended bar at the party from 8pm to 4am and was paid $40. The usual charge for such services is $80. Immediately before midnight, Mr. Tyler pledged $200 to the church\'s building fund and delivered a check for that amount on January 2, 2015. Of the amounts described above, what is the total amount the Tylers can deduct as a charitable contribution deduction for 2014? $50 $100 $140 $340 None of the above. Solution cost of ticket =$75 FMV of tckets = $50 No of tikcets purchased = 4 Charitabale contribution available for deduction = (75-50)*4= $100 Ans is b =$100 .

On December 1- 2014- Mr- and Mrs- Tyler purchased four tickets for a N.docx

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On December 1, 2011, Joseph Company, a U.S. company, entered into a three-month forward contract to purchase 50,000 pesos on March 1, 2012, as a fair value hedge of a foreign currency denominated account payable. The following U.S. dollar per peso exchange rates apply: Date : December 1, 2011 Spot Rate : $0.092 Forward Rate (March 1, 2012) : $0.105 Date : December 31, 2011 Spot Rate : $0.090 Forward Rate : (March 1, 2012) : $0.095 Date : March 1, 2012 Spot Rate : $0.089 Forward Rate : (March 1, 2012) : N/A Question : Joseph\'s incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent is .9803. Which of the following is included in Joseph\'s December 31, 2011 balance sheet for the forward contract? A. $5,146.58 asset. B. $5,146.58 liability. C. $500 liability. D. $490.15 asset. E. $490.15 liability. I need detailed help with steps as to how E was calculated Solution Ans: E. $490.15 liability. $0.105 - $0.095 = ($0.01) Ã— MP50,000 = ($500.00) Ã— .9803 = ($490.15) Liability .

On December 1- 2011- Joseph Company- a U-S- company- entered into a th.docx

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on Stre - DH Solution The strength of a nucleophile depends on how easily it can donate its lone pair of electrons (for a neutral nucleophile like H 2 O) or how easily it can give away its negative charge (for a negatively charged species like Cl - ) to a center of positive charge. In terms of electronegativity, Fis a highly electronegative atom followed by O, then comes N and then C. So it is easier for C to share its electrons followed by N then O then F. In other words the more is the basicity of a nucleophile the more is its strength as a nucleophile. All nucleophiles are lewis bases. The basicity reduces as we move from left to right in a period. The arrangement of elements in decreasing order of basicity is C>N>O>F Hence this should be the decreasing order of strength of these atoms as a nucleophile. Likewise if we compare the given options, the arrangement of these groups in increasing order of strength of nucleophile is as shown -F<-OH<-CN<-C 2 H 6 (C 2 H 6 - ethyl) .

on Stre - DH SolutionThe strength of a nucleophile depends on how easi.docx

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On the classified balance sheet, the assets are listed in sections: Current Assets, Long-term Investments, PP&E, Intangible Assets, and Other Assets. Do all of these need to be in order of liquidity? For example, does it matter if Land is before Buildings and Equipment in the PP&E section? Or that Cash surrender value of life insurance is before Land held for future use? Also, is there any order for the liabilities section? Is it alright to just put it in order of largest to smallest? Solution while we recording assets, we always write liquid assets first, and illiquid assets next and nominal assets later. means liquid assets like cash, prepaid expenses, receivables, and any short term receivables should write first, later all fixed assets and later intangible assets and any contingent assets. even in liabilities we should start with long term liability, that is equity, preference, any other debt, and next all current liabilities. the earliest payment should be write as last item of liability and so on. .

On the classified balance sheet- the assets are listed in sections- Cu.docx

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On January 2, 2011, a 7.1 magnitude earthquake struck the central coastal area of Chile, approximately 45 miles northwest of Temuco. No major damage or injury was reported when the earthquake hit, though the quake was felt 370 miles away in Santiago. Find the intensity of the earthquake and express its intensity in terms of the intensity of a standard earthquake, that is, I 0 . Solution Richter scale, R = log(I/Io) = 7.1 Thus, I/Io = 10^7.1 Thus, I = 12.59*10^6 times of Io .

On January 2- 2011- a 7-1 magnitude earthquake struck the central coas.docx

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