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3 years ago

Why didn’t worldcom try to structure the transactions to get a “step-up” in the tax bases of mci’s assets(?

1 answer:

3 0

I believe that the answer to the question provided above is worldcom try to structure the transactions to get a “step-up” in the tax bases of mci’s assets because he doesn't have enough influence to do so.
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Which of these is an example of separation of powers?

muminat

I would say The president enforcing a law passed by Congress is an example of separation of powers.

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3 years ago

When a corporation purchases or builds a facility in a foreign country, it is called:_________

GalinKa [24]

When a corporation purchases or builds a facility in a foreign country, it is called Foreign direct investments (FDI).

<h3>What is the purchase of one corporation by another called?</h3>

A corporation makes an acquisition when it buys the majority or all of the shares of another company in order to take over someone business. The acquirer can make choices on newly acquired assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets.

<h3>How are corporations bought and sold?</h3>

Another corporation may be owned by a corporation, and it may be acquired using the shares of the original corporation. There are two ways to purchase a company's business: through investing in the corporation that owns the business's shares (a share sale). The sellers in this situation are the company's shareholders, and they will sell the buyer their shares in the business.

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2 years ago

Project evaluation from the ________ viewpoint serves some useful purposes and/but should ________ the ________ viewpoint.

Afina-wow [57]

Project evaluation from the local viewpoint serves some useful purposes and/but should be subordinated to the parent's viewpoint.

Project evaluation is the process of measuring the success of a project, program or a portfolio. The project evaluation process has been around as long as projects themselves.

In a project, every aspect of the project such as risks, costs, scope, or return on investment (ROI) is measured in order to determine if it’s proceeding as planned. Thus, it should be subordinated to the parent's viewpoint.

Hence, it requires the evaluator to gather important information to analyze the process and outcome of a certain project.

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2 years ago

The following information has been obtained from the Myers Corporation: 300,000 shares of common stock were outstanding on Janua

dlinn [17]

Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.

Data and Calculations:

Date of Issue No. of Share Weight Weighted-Average

Outstanding, Jan.1 300,000 12/12 300,000

February 1 48,000 11/12 44,000

August 1 (Treasury stock) (18,000) 5/12 (7,500)

Jan. 1 (Stock options) 50,000 12/12 50,000

Weighted average number 386,500

In calculating the weighted average number of shares, the weight of each share issuance is dependent on the number of months that it has remained outstanding.

Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.

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2 years ago

On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The fi

Sav [38]

Answer: a. At the end of Year One, the company's liabilities are understated.

Explanation:

Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.

In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.

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3 years ago