Entries by Munene david

KPMG, LLP resigned as the auditor of nutritional-supplement maker Herbalife Ltd

May 5, 2020 in /by

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. The Securities and Exchange Commission is investigating the trading, according to people familiar with those probes. Herbalife shares have been closely […]

 

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On January 2, 2018, All Good Company purchased 10,000 shares of the

May 5, 2020 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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On January 2, 2018, All Good Company purchased 7,000 shares

May 5, 2020 in /by

On January 2, 2018, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $13 per share, and represents a 30% ownership stake. Big Bad Company made $300,000 of net income in 2018, and paid dividends to All […]

 

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Allstar Company signed a $150,000 mortgage on July 1, 2018

May 5, 2020 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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