Fin 534 Midterm Exam Part 1 and Part 2 Solution

(TCO A) Jean and Jim have liquid assets of $3,600 and other assets of $42,800. Their total liabilities equal $26,000. What is their net worth? (Show all work.)

In April of 1979, a U.S. court finds the Beatle 's former manager _________ guilty of tax evasion and he is sentenced to serve two months of a two-year sentence in prison.

3. (TCO G) LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year

(TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called:

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When Oprah gave away Pontiac G6 sedans to her TV audience, was the value of the cars taxable? On Labor Day weekend in 2006, World Furniture Mall in Plano, Illinois, gave away $275,000 of furniture because the Chicago Bears shut out the Green Bay Packers in the team’s football season opener at Lambeau Field in Green Bay (26-0). Was the free furniture in the form of a discount or rebate taxable, or should the furniture company have handed the customers a Form 1099-MISC?

3. (TCO A) Depreciation of office buildings and office equipment is also known as (Points : 6)

Problem Set 2 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 4.

Individual Assignment: 9.12 (part a only), 9.56 (part a only), 10.4 (part a only), 10.30 (parts a through d), 10.37 (part a only), 10.38, 10.40, and

OPS 571 Complete Class Week 1 – 5 All Assignments and Discussion Questions – A+ Graded Course Material

Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2.

Attached to this message are slides to help you with both Part 2 and Part 3 of the Regents, which you will take on Tuesday, January 24, 2017 from 1:15 to 4:15 pm.

Problem Set 2 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 4.

I would like Efrain to make up the 10/3 Regents assignment as additional credit for this current 2nd marking period in order for him to better prepare for the English Regents that he and the other 11th graders will take on January 22. All the items he needs to complete this work are already posted digitally on PupilPath, but I would be more than happy to re-supply

Answer ALL questions from all two (2) parts: i) ii) 3. Answer PART A in the Objective Answer Sheet. Answer PART B in the Answer Booklet. Start each answer on a new page. PART A (10 Questions) PART B (4 Questions)