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AMF produces a catalog that is placed in airline seatbacks during international flights. Passengers typically skim the catalog during flights and can buy selected merchandise from flight attendants, duty and tax free, while over international waters. Below is a report for a recent period: Total Beverages Jewelry Electronics Sales $2,600,000 $1,400,000 $500,000 $700,000 Variable expenses […]

Clampett, Inc. (an S corporation) previously operated as a C corporation. Distributions from Clampett, Inc. are deemed to be paid in the following order:A. shareholder’s remaining stock basis, prior C corporation earnings and profit, the AAA account.B. shareholder’s remaining stock basis, the AAA account, prior C corporation earnings and profit.C. prior C corporation earnings and […]

Goodman Company acquired a truck from Harmes Company in exchange for a machine. The exchange is determined to have commercial substance. The machine cost $30,000, has a book value of $6,000, and has a market value of $9,000. The truck has a cost of $12,000 and a book value of $8,000 on Harmes’ books.Prepare journal […]

Classify each of the items in the following list as: asset; liability; neither an asset nor a liability.cash at bankloan from the bankletter from the bank promising an overdraft facility at any time in the next three monthstrade receivable (an amount due from a customer who has promised to pay later)trade receivable (an amount due […]

Responses for questions 1 & 2 should be between 200 – 300 words long and contain a reference to source materials that support your statements. For the remaining questions, drafta response to each individual question with a minimum of 75 words each. 1.       How can meaningful work, rewards, and goals be integrated into a comprehensive motivation system […]

A lot of people commonly mistake sadness for depression, and vice versa. For our discussion let’s focus on the central differences between sadness and depression. Specifically, how does one distinguish between everyday sadness and clinical depression? Furthermore, what might be some of the risks of prescribing antidepressant medications to patients who are not actually suffering […]

Frontline: A Class Divided http://www.pbs.org/wgbh/pages/frontline/shows/divided/ A Class Divided explores the nature of prejudice. Third grade teacher Jane Elliott deliberately created a classroom situation to teach her students how it feels to be on the receiving end of discrimination. This is an encore presentation of the classic documentary on third-grade teacher Jane Elliott’s “blue eyes/brown eyes” […]