Entries by mary WAMBUGU

KPMG, LLP resigned as the auditor of nutritional-supplement maker Herbalife Ltd. and shoe company Skechers USA Inc. and said it had fired a senior partner in its Los Angeles office over alleged insider-trading tips. T

August 30, 2019 in /by

Case study: KPMG, LLPKPMG, LLP resigned as the auditor of nutritional-supplement maker Herbalife Ltd. and shoe company Skechers USA Inc. and said it had fired a senior partner in its Los Angeles office over alleged insider-trading tips. The Securities and Exchange Commission is investigating the trading, according to people familiar with those probes. Herbalife shares have […]

 

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On January 2, 2018, All Good Company purchased 10,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment.

August 30, 2019 in /by

On January 2, 2018, All Good Company purchased 10,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $14 per share, and represents a 10% ownership stake. Big Bad Company made $225,000 of net income in 2018, and paid dividends to […]

 

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Allstar Company signed a $150,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,700 at the end of each month.

August 30, 2019 in /by

Allstar Company signed a $150,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,700 at the end of each month. The interest rate is 8.0% per year. How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest […]

 

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An entity declared a cash dividend on its common stock in December Year 1, payable in January Year 2. Retained earnings will a. Increase on the date of declaration.

August 30, 2019 in /by

1.    An entity declared a cash dividend on its common stock in December Year 1, payable in January Year 2. Retained earnings will a.     Increase on the date of declaration. b.    Not be affected on the date of declaration. c.     Not be affected on the date of payment. d.    Decrease on the date of payment.   Looking for a Similar Assignment? […]

 

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