Memorandum To: Ms. Mortensen CC: Prof. Bjorn Johnson Date: 02/25/2013 Subject: Midland Energy Resources, Inc. Analysis Janet Mortensen, senior vice president of project finance for Midland Energy Resources, needs to estimate the cost of capital because it is an important data for estimating the project whether it will be profitable and worth the resources and risk. As mentioned in the case, Midland estimates the cost of capital to be used in analyzing asset appraisals for capital budgeting
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securitization, etc. One of the key objectives of due diligence is to minimize, to the maximum extent practicable, the possibility of there being unknown liabilities or risks. The exercise is the multi-dimensional and involves investigation into the business, tax, financial, accounting and legal aspects of an issuer. Definition of Due Diligence: "Due diligence" is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a
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Highlights of IFRS Research By CYNTHIA BOLT-LEE, CPA and L. MURPHY SMITH, CPA, DBA NOVEMBER 2009 Conversion from U.S. GAAP to IFRS is a heavily discussed topic in the corporate world. Expected benefits of adoption include reporting consistency, enhanced global competition and improved financial reporting transparency. While many countries worldwide have already adopted IFRS, many other countries are closely examining its effects before adoption, not only from an economic perspective but
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FEDERAL TAX LAW SOLUTIONS TO PROBLEM MATERIALS DISCUSSION QUESTIONS 1. (LO 1) When enacting tax legislation, Congress often is guided by the concept of revenue neutrality so that any changes neither increase nor decrease the net revenues raised under the prior rules. Revenue neutrality does not mean that any one taxpayer’s tax liability remains the same. Since this liability depends upon the circumstances involved, one taxpayer’s increased tax liability could be another’s tax saving.
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TAX FILE MEMORANDUM TO: Ted Jones, Gray Chemical Company President FROM: Yessenia Colon, Big 4 Staff Accountant SUBJECT: Grey Chemical Company Research Conclusion DATE: October 29, 2015 The Environmental Protection Agency cited Gray Chemical Company for violations of toxic waste contamination of the air and water surrounding the plant due to its toxic pesticides. The judge found Gray guilty and imposed fines of $15 million. Gray voluntarily set up a charitable fund of $8 million
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OFFICE MEMORANDUM I. INTRODUCTION We have discussed how to analyze and apply legal authority. We have also discussed how to write a case brief, which law students usually write for their own use. Most legal writing, however, is done to communicate with others. As a law student (and new lawyer), you will receive legal problems and will be asked to analyze the problem and write up the results of that analysis. The typical vehicle that lawyers use to do this is the legal memorandum. When you
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Comprehensive Research Memorandum Professional Research for Accountants December 13, 2015 Comprehensive Research Memorandum Motivation: The job of an investment management company is to oversee and manage the securities that, in this case for small to medium companies, companies acquire. A major part of his responsibility is to ensure the companies are receiving the maximum tax advantage possible. Also part of his responsibilities would be to recommend stock selection, and asset selection
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.........................................................................................18 13. Memorandum of Understanding (MOU) .........................................................19 14. ICSI's Major Initiatives in Corporate Governance ............................................ 21 15. Centre for Corporate Governance ................................................................. 22 Research and Training (CCGRT) 16. ICSI National Award for Excellence in ................................
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Memorandum To: John & Jane Smith From: Andrea R. Martinez Date: 11/28/2013 Re: Tax Issues Per my conversation with Mr. and Mrs. Smith regarding their specific tax issues, I have done some research on each matter. The recommendations that follow will be beneficial in helping to reduce their tax liabilities. 1. John Smith tax issues: a) How is the $300,000 treated for purposes of Federal tax income? Gross income, as defined in
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Robinson tax filings and disallowed deductions for business losses stating them under Hobby losses. --------------------------------- Johnson and Jason, CPAs 100 Dorsett Boulevard St.Louis, MO 63043 October 18, 2010 Mr. and Ms. Robinson 120 Boulevard Richmond Hill, Georgia 31324 Dear Mr. and Ms. Robinson This letter is in response for your request of our advice and review of your recent filed tax returns. Our conclusions are based upon the tax laws and research of different
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