...MULTIPLE CHOICE (5 Points Each) 1. Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110,000 for 2013 and paid dividends of $60,000 on October 1, 2013. How much income should Gaw recognize on this investment in 2013? A. $16,500. B. $9,000. C. $25,500. D. $7,500. E. $50,000. 2. Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment. During 2013, Dew reported income of $250,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2013, how much income should Yaro recognize related to this investment? A. $24,000. B. $75,000. C. $99,000. D. $51,000. E. $80,000. 3. On January 1, 2013, Pacer Company paid $1,920,000 for 60,000 shares of Lennon Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2013 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2013? A. $2,040,500. B. $2,212,500. C. $2,260,500. D. $2,171,500. E. $2,071,500. 4. A company should always use the equity method to account for an investment if: A. It has the ability to exercise...
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...MGT End of Chapter Questions – Week 3 Lauren Wilkes Mgmt 597 Chapter 22.10 In the case of Holly Hill Acres, Ltd. V Charter Bank of Gainsville, Holly Hill purchased land from Rogers and Blythe giving them a promissory note and purchase money mortgage. The note stated, “this note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said payee, and shall be constructed and enforced according to laws of the State of Florida” (HOLLY HILL ACRES, LTD., a Limited Partnership, Appellant, v. CHARTER BANK OF GAINESVILLE, a Banking Corporation, et al., Appellees., 1975). The promissory note was issued to Rogers and Blythe, Rogers and Blythe later took a loan from Charter Bank, in order to secure the loan, they transferred the promissory note they had created with Holly Hill. After Holly Hill defaulted, Charter Bank sued to recover on Holly Hill’s promissory note, the question being if the reference to the mortgage in the note makes it non-negotiable. First, it would have to be determined if Charter Bank was a holder in due course, they do fit the books description “a holder who takes a negotiable instrument for value, in good faith, and without notice that is defective or overdue” (Cheeseman, 2010). Which according the case the lower court did agree with. Although the court on appeal found the note was non-negotiable because it incorporated the terms of the purchase money mortgage. Now the bank was not a holder...
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...What is the Psychological Effect on Children during a Divorce? John Simpson Professor Patricia Dzandu Introduction to Psychology June 5th, 2011 Abstract In today's society, half of all marriages end in divorce. Many of those marriages involve children. Parents who are involved in a divorce are often concerned about the psychological effect on their children. During the time of a divorce the parents may be preoccupied with the ongoing problems that are involved but they still hold their roles as the most important people in their children’s lives. While a divorce may be devastating or relieving to a couple, children can become confused and scared by the threat to their security. But if a child feels loved and secured throughout the divorce, he or she may not be harmed during the divorce proceedings. Reflecting on these concerns, this paper aims to determine the psychological effects on children during a divorce. What is the Psychological Effect on Children during a Divorce? The definition of divorce, as explained by Merriam-Webster Dictionary “is the action or an instance of legally dissolving a marriage”. But there is more to that word than the simple definition? Divorce affects more than just the couple involved. There are more consequences than just the legal dissolving of a marriage. Even the metaphorical definition, ‘dissolving’, brings to mind harmful effects. Things that dissolve tend to harm others around it. Acid burns when it contacts the human skin...
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...Mandatory Student Uniforms The irritating sound of your mom hollering “get up, time for school you’re going to be late” drives you from your sleepy slumber and into an ongoing dilemma. You have to get out of bed and deal with the constant chaotic chore of finding something appropriate to wear. Most public school systems find that teenage fashion is often not acceptable for class. To help solve these problems it would be a good idea if students were made to wear uniforms. I became interested in the topic of whether or not students should wear uniforms when my neighbor’s child got sent home from school because she did not pass the schools dress code. The child is in the sixth grade and the school sent her home that day because she had on a pair of shorts that the school said was not appropriate for her to be wearing at school due their length. Don’t get me wrong, I agree that girls shouldn’t be wearing “shorty shorts” to school for several reasons. One reason girls shouldn’t wear short clothing nowadays is because little girls are developing a lot earlier than when I was growing up. I also have had a little cousin sent home from school because of holes in the knees of her pants. The pants were made with the holes in them for style and were purchased at American Eagle which is a name brand store many teenagers love. In today’s time kids are doing things that are just unthought-of: an example is a little boy who goes to school with holes in his pants and next thing you know...
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...Running head: ISLAM : GLOBAL CONCEPT AND PRACTICES 1 Islam : Global Concept and Practices DeVry University Sociology – 350N – Cultural Diversity in Professions Spring Semester 2013 Introduction The history of Islam, its’ concepts and practices is one of the most intriguing yet controversial religions known today. Worldwide, Muslims make up about 23.4 percent of the population, while Christianity makes up about 30 percent (Goodstein, 2011). A study published in 2009 by the Pew Research Center to get global concept of the Muslim population found, “Of the 232 countries and territories included in this study, 50 are Muslim-majority” (p. 5). The Center also found “While 80% of the world’s Muslims live in countries where Muslims are in the majority, significant numbers – about one-fifth of the world’s Muslim population – live as religious minorities in their home countries” (p. 7). With so many countries adhering to Islam and the growth of the Muslim population here in America and worldwide; how will this affect how non-Islamic countries communicate and interact with Islamic countries and how we communicate right here in the United States? If Muslim fundamentalists were not at the forefront of controversy in the war on terrorism, would Islam be a religion that sparks so much debate? Even before September 11th, there had been much controversy related to Islam. However most of it occurred on foreign soil. With significant bombings and terrorist attacks in Europe...
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...Santa Clause." The History of Christmas. N.p., n.d. Web.10 Oct. 2014. Words: 1514 - Pages: 7
...Juvenile Sentencing Alternatives to Incarceration David Schuster Oakland Community College Abstract There are many different ways to punish a juvenile for a crime that they have committed. The most common is incarceration, otherwise known as jail or prison. This option has many disadvantages. I will explore the different aspects of incarceration: how it affects the juveniles, and if, over all, it is an effective way to punish young criminals. I will then present several alternatives to incarceration, now being used, such as: community diversion, counseling, education, behavior management, probation, as well as other methods that not only punish the juvenile, but also provide an opportunity for rehabilitation. For this paper, when talking about incarceration and community alternatives as sentencing options, I intend for them to be applied to the not as serious juvenile crimes. Status offenses, minor in possession, breaking and entering, and minor burglary charges would fall into this category. However, I think for more serious, violent crimes there is less discretion as to punishment options, and therefore most community alternatives may not apply to them. Keywords: Incarceration, community alternatives, juvenile delinquents Juvenile Sentencing Alternatives to Incarceration Incarceration for juveniles in this country is largely based upon our criminal justice system for adults. As Jeffery Fagen (2010) states in his article, there are many similarities between...
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...| Managing Organizations and Leading People Task 1 | A.1 Describe an Organization and its Objectives I would like to describe the organization once widely known as Kinko’s now recognized as Fedex-Kinko’s. More specifically, I would like to describe how the organization Kinko’s got its start and identify its objectives. Kinko’s was originally founded in 1970 by Paul Orfalea, a college student living in California. Named after Paul’s kinky hair, Kinko’s got its start as an effort to offer reasonably priced prints to other struggling college students. It quickly became the source for school materials and late night prints for last minute research papers. The company quickly grew and developed through the years to reach far beyond the average college students. With all of the business services and printing options offered it was no wonder that Kinko’s would eventually make its way into the offices of high executives in organizations across the county. Kinko’s locations began to pop up in every state offering services including small and exceptionally large prints offered in either black and white or full color. With the ability to offer computer rental and shipping, they became the office away from the office. Kinko’s takes pride in the ability to serve their customers in a timely and proficient manner. Their number one objective is to take care of their customer and they worked hard to develop relationships with each of their clients and they accomplish their goal...
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...ch 1 Student: ___________________________________________________________________________ 1. Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110,000 for 2011 and paid dividends of $60,000 on October 1, 2011. How much income should Gaw recognize on this investment in 2011? A. $16,500. B. $9,000. C. $25,500. D. $7,500. E. $50,000. Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment. During 2011, Dew reported income of $250,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2011, how much income should Yaro recognize related to this investment? A. $24,000. B. $75,000. C. $99,000. D. $51,000. E. $80,000. On January 1, 2011, Pacer Company paid $1,920,000 for 60,000 shares of Lennon Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2011 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2011? A. $2,040,500. B. $2,212,500. C. $2,260,500. D. $2,171,500. E. $2,071,500. A company should always use the equity method to account for an investment if: A. it has the ability to exercise...
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...En junio de 1979, American Chemical Corporation anunció una oferta pública de todos y cada uno de los acciones de la Corporación de papel Universal. Estadounidense fue uno de los mayores química diversificada empresas en los Estados Unidos (Anexo 1). Universal era un papel de gran tamaño y de la empresa de celulosa (Anexo 2). Gestión de Universal se opuso a la toma de posesión y, entre otras cosas, demandó en una corte federal tienen la oferta de compra bloqueado por motivos de que la adquisición de American de Universal violaría la Ley Clayton de las leyes de competencia de EE.UU.. Las dos empresas dedicadas a la producción de clorato de sodio. Universal, alegó que su adquisición por parte estadounidense reduciría sustancialmente la competencia en el sodio clorato de negocio, especialmente en el sudeste de mercado de los EE.UU., donde las dos empresas se competidores. El gobierno de EE.UU. se unió a Universal en la búsqueda de un mandamiento judicial para poner Oferta estadounidense de licitación. A pesar de que negó las acusaciones, American impedido preliminar orden judicial al acordar la venta de su planta de clorato de sodio, situado cerca de Collinsville, Alabama, en el evento adquirió Universal. Estadounidense posteriormente fue un éxito en la adquisición de más del 91% de Acciones de Universal. En octubre de 1979, American comenzó a buscar un comprador para la planta de Collinsville. Una serie de los posibles compradores se acercó, incluyendo la Corporación...
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...The Eighteenth U.S. Infantry During the Civil War Kentucky Military History Institute By direction of the President of the United States, of date May 4, 1861, subsequently confirmed by Act of Congress, July 29,1861, the infantry arm of the Regular Army was increased nine regiments, numbering from the eleventh to the nineteenth, inclusive; the new regiments to be organized into three battalions each, each battalion to consist of eight companies, the companies of each battalion to be lettered from A to H inclusive. The organization of the 18th Infantry was begun in compliance with G.O. 16, A. G. O., May 4, 1861, and G. O. 48, A. G. O., July 21, 1861. Henry B. Carrington, a native of Connecticut, and at this time (1861) a citizen of Ohio, was appointed colonel of the regiment; Captain Oliver L. Shepherd, 3d U. S. Infantry, a graduate of the Military Academy of 1840, and a veteran of the Mexican War, was appointed lieutenant-colonel; Capt. Edmund Underwood, 4th U. S. Infantry, a native of Pennsylvania, whose original date of entry into service was March 3, 1848, was appointed major; and Frederick Townsend, a citizen of New York, was appointed major. All of these field officers dated from May 14, 1861. The headquarters of the regiment were stationed in Columbus, Ohio, and recruiting commenced on the 1st day of July, 1861. A camp was established, August 10, 1861, about four miles north of Columbus, called, in honor of the Adjutant-General of the Army, Camp Thomas. The organization...
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...References/Bibliography Vancouver Style “How-to” guide NOTE: • • • • A list of references contains details only of those works cited in the text. A bibliography lists sources not cited in the text but which are relevant to the subject and were used for background reading. Before you compile your bibliography/reference list check with your lecturer/tutor for the bibliographic style preferred by the Academic Department. A citation is an acknowledgement in your text of references that support your work. It is in the form of a number that correlates with a source in your reference list. • • • • • • There are many ways of setting out bibliographies and reference lists. The following are examples of one style – the Vancouver System. It is commonly used in medical and scientific journals. Your reference list should identify references cited (eg. book, journal article, pamphlet, internet site, cassette tape or film) in sufficient detail so that others may locate and consult your references. Your reference list should appear at the end of your essay/report with the entries listed numerically and in the same order that they have been cited in the text. If you have cited sources from the Internet, these should be in your reference list. The bibliography is a separate list from the reference list and should be arranged alphabetically by author or title (where no author is given) in the Vancouver Style. Punctuation marks and spaces in the reference list and citations are very...
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...Edexcel GCE Biology Advanced Unit 5: Energy, Exercise and Coordination June 2010 Scientific Article for use with Question 7 Do not return the Insert with the question paper. Paper Reference 6BI05/01 Turn over N37096A ©2010 Edexcel Limited. 1/1/1/1/1/ *N37096A* Scientific Article for use with Question 7 It’s All in the Mind The link between the brain as a physical organ and what we feel in our conscious mind has long been the subject of research, particularly where we appear to be unable to control aspects of mood or behaviour and where normal life is affected. Stress, pain and depression can be explained in terms of nerve impulses and brain chemistry, and the causes of Parkinson’s disease are well understood, but finding reliable ways of correcting problems has proved elusive. Understanding more about how the brain works may well lead to new methods for treating such problems. Dancing Worms and Deep Depression In a laboratory in Germany, a tiny worm dances to flashes of light. A flash of yellow and it darts forward. A flash of blue and it jerks back. Yellow, forward, blue, back – right on cue every time. The worm is not a toy or a robot but a living creature. It has been engineered so that its nerves and muscles can be controlled with light. With each flash of blue its neurons fire electric pulses, causing the muscles they control to clench. A flash of yellow stops the nerves firing, relaxing the worm’s muscles and lengthening its body once again. The worm is...
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...Edexcel GCE Biology Advanced Unit 5: Energy, Exercise and Coordination June 2010 Scientific Article for use with Question 7 Do not return the Insert with the question paper. Paper Reference 6BI05/01 Turn over N37096A ©2010 Edexcel Limited. 1/1/1/1/1/ *N37096A* Scientific Article for use with Question 7 It’s All in the Mind The link between the brain as a physical organ and what we feel in our conscious mind has long been the subject of research, particularly where we appear to be unable to control aspects of mood or behaviour and where normal life is affected. Stress, pain and depression can be explained in terms of nerve impulses and brain chemistry, and the causes of Parkinson’s disease are well understood, but finding reliable ways of correcting problems has proved elusive. Understanding more about how the brain works may well lead to new methods for treating such problems. Dancing Worms and Deep Depression In a laboratory in Germany, a tiny worm dances to flashes of light. A flash of yellow and it darts forward. A flash of blue and it jerks back. Yellow, forward, blue, back – right on cue every time. The worm is not a toy or a robot but a living creature. It has been engineered so that its nerves and muscles can be controlled with light. With each flash of blue its neurons fire electric pulses, causing the muscles they control to clench. A flash of yellow stops the nerves firing, relaxing the worm’s muscles and lengthening its body once again. The worm is in the vanguard...
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...Thieves, Thugs, and Neighborhood Poverty David Bjerk Robert Day School of Economics and Finance Claremont McKenna College 500 East Ninth Street, Claremont CA 91711 Ph: 909-607-4471 david.bjerk@cmc.edu April 25, 2010 Abstract This paper develops a model of crime analyzing how such behavior is associated with individual and neighborhood poverty. The model shows that even under relatively minimal assumptions, a connection between individual poverty and both property and violent crimes will arise, and moreover, "neighborhood" e¤ects can develop, but will di¤er substantially in nature across crime types. A key implication is that greater economic segregation in a city should have no e¤ect or a negative e¤ect on property crime, but a positive e¤ect on violent crime. Using IV methods, I show this implication to be consistent with the empirical evidence. Keywords: Crime; Segregation; Neighborhood E¤ects; Instrumental Variables; Poverty. 1 “I don’ care if I got money, or work Monday through Friday. I just go shoot a t motherf*@#er on the weekends. If that’ what need to be done to keep my hood s and my young ones around here safe, then that’ what to get done” (quoted by s Landesman, 2007). 1 Introduction High rates of crime and violence in poor neighborhoods have been described by numerous scholars and journalists (Wilson, 1987; Krivo and Peterson, 1996; Kotlowitz, 1991; Patterson, 1991; Messner and Tardi¤, 1986, to name just a few). However, the quote above from a man...
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