...properties that are more suitable but whose fair market values slightly exceed that of the current ten-story building: 1. Single-story building on a large, attractive lot. (If the company were to select this property it intends to demolish the building and build a specially designed building on the lot), or 2. Two-building complex with retail shops on the ground floor of one building and residential rental property in a portion of the other building. Both sellers of the listed properties appeared to be interested in entering an exchange transaction whereby the company’s property would be exchanged for one of the other properties. After careful consideration Company X decided to exchange its existing property for the retail and residential building complex. Details of the exchange were as follows: 1. Both parties agree to use a “middleman” corporation to initially convey each of their respective properties. 2. Company X would sell its property to the middleman. Within 45 day of initial closing, Company X would formally identify which of the two new properties it intends to acquire. 3. The identified property’s, which was also sold to the middleman, title would be transferred from the middleman corporation to Company X within 180 days of the initial closing. Unfortunately, the transaction did not proceed as planned. After Company X transferred its property to the middleman and received its fair market value of $10,000,000 in cash, the seller of the two-building...
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...$188. What is her recognized gain or loss? $210/30=$7 per share - April 18, 2010 $900/90=$10 per share - September 29, 2010 I will use FIFO to calculate the recognized gain or loss: November 28, 2010 – Sold 48 shares for $576, the cost basis was $390 (30*$7 plus 18*$10) therefore the total gain was $186.00 December 8, 2010 - Sold 25for $188, cost basis was $250 (25*$10) therefore the total loss was $62. Jane Juniper had an overall gain for the year of 2010 of $124.00 Problem 11-40 Debbie Davis and Elizabeth Engels exchanged like-kind property. Debbie had an adjusted basis of $12,000 in her property (fair market value is $15,000). Elizabeth’s property had adjusted bases of $9,000 and a fair market value of $ 10,500, and Elizabeth gave Debbie $4,500 in cash. Determine Debbie’s and Elizabeth’s realized gain or loss, recognized gain or loss, and the basis in their new property. Debbie Elizabeth Property exchange amount $15,000 $10,500...
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...into the Sec. 170(f)(8). "Separate contributions of less than $250 are not subject to the requirements of section 3. Why was the tax court skeptical of the petitioner argument? • This donation occurred in conjunction with a single event, the Church's annual flea market. Petitioners' testimony that they intentionally made all other contributions in batches worth less than $250 requires the assumption that they made these donations, with an alleged value of $24,200, on 97 distinct occasions. This assumption is implausible and has no support in the record. • Petitioners testified that they did not assign values to the donated items until they prepared their tax return in 2012. That being so, it is hard to see how they could have ensured, at the time they contributed the property, that each individual batch was worth less than $250 • Petitioners allegedly made noncash contributions to four different charities of seven categories of items, each with a claimed value exceeding $500. But they did not maintain written records establishing when or how these items were acquired or what their cost bases were. Nor did petitioners maintain written records establishing how they calculated the items' fair market value. 4. With regards to clothing and book donations, the court disallowed both contributions. Congress imposes strict standards on reporting large money donations, so with that in mind, why did the court disallow those contributions – even with written documentation by the...
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...Terry Trumbull purchased a tract of land. In order to have city water, he had to pay the water company $5,000 to extend the water line to his property. The $5,000 cost is an addition to the basis of the land. A) True B) False 2. The basis for nonbusiness property changed to business use is the greater of the adjusted basis of the property or its fair market value on the date it is converted to business use. A) True B) False 3. In 2011, Tom Turner received a gift of property that had a fair market value of $10,000 at the time of the gift. The donor's adjusted basis in the property at the time of the gift was $12,000. Tom's basis for computing depreciation is $12,000. A) True B) False 4. David Dawson owned two shares of a corporation's common stock. He paid $60 for one share and $30 for the other share. The corporation declared a stock dividend which gave stockholders two new shares of common stock for each share they held. After the distribution, David owns six shares of stock with an adjusted basis of $15 each. A) True B) False 5. In a gain situation, the holding period of gift property begins on the date of the gift. A) True B) False 6. If a wife sells depreciable property to her husband, the gain on the sale is treated as ordinary income. A) True B) False 7. The holding period of property acquired from a decedent is considered to be long term regardless of when the property was acquired or disposed of. A) True B) False 8. Recognition of a gain or...
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...listed companies have to follow IFRS, main purpose behind proceeding was to reinforce the establishment of a single European capital market. Why should countries adopt IFRS? 1. It follows consolidated financial reports 2. IFRS is flexible 3. In order to reduce books and ambiguity The IASC initiative to reduce international differences in accounting practices. During period of time many events led changes such as 1. To avoid preparing multiple sets of book under different accounting regimes 2. To harmonize global financial reporting systems 3. Scandals emerged from 1997 southeast Asia IASB gained international acceptance in 10th anniversary with around 120 countries excluding China, India, Russia, US. Australia and Hong Kong has adopted IFRS as it is. Japan permitting IFRS from 2010, Brazil and South Korea allowed from 2011, Mexico and Argentina from 2011, India starting convergence from 2011. European Union adopted IFRS in 2005 first time when 7000 EU companies has prepared report IFRS compliant. IASB gained global acceptance when japan allowed its domestic listed companies to report under IFRS with option of US GAAP. China started first convergence with IFRS in the year 2006 and remained to be flexible and adjust accounting rules to the need of a national economy. The china standard ASBE is differed with IFRS in following way 1. China restricted use of...
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...of Al-rustaq International business administration Case study analysis Done by: kamil faiz juma al-naeby Presented to: Mr. Solanki Brief information about the case: The case is talking about the main conditions that enhance and evolve the efficient stock market with fair trading. Next, this case exactly talking about china stock market and how they can evolving the investment in the stock market. In the first, it describe the thinking of Chinese people on their benefit only. Also , this case discuss about the balance sheet which played by the firms and the investors without genuinely. After that , when are these firms are looked for , there were many liars on their balance sheets. The quality of listed companies themselves in this case is the real issue. The answers of questions: 1- Describe the conditions necessary to develop a stock market in an emerging economy? There are many different conditions to evolve stock market. For example, the development of stock market, the emerging of stock market , the stable market , the risk of stock market, the laws and registration of stock market, the investor confidence of the stock market, political commitment, privatization of stock market, stock market financial integration and worldwide companies. Regulations and law that is dependable- The existing of regulation and laws which are dependable and not only which are related to government but also which are related to enterprises are necessary conditions since...
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...cotton have floods that hit the world´s major producers North Eastern China and Pakistan. Early in 2010 these floods disasters “have destroyed million acres, affecting an estimated 25per cent of the cotton crop and have pushed the price of cotton to rocket up in recent weeks by more than 700 per cent” (Poulter S., September 14, 2010). What is more, as the different taxes rise and appear the price of cotton rise as well. Other thing which influencing the price of the cotton is increasing price of import. With regular increase of the price of fuel also the price of the transport will increase and it leads to increase of the price of the imported cotton. The diagram below shows that with the decrease in the supply and no change in demand price of the cotton will increase. 3. Other things that can influence price rising are maximum growth in the price of cotton, worldwide´s higher labor costs, transport costs, producing cost and rise in VAT. In the article “Fashion chains far from cheerful about future of cheap chic” from September 2010 on the website the Quardian is stated that the increase in the cotton price has its roots in the financial crisis of two years ago, when farmers stopped planting low-value cotton and switched to higher-value crops such as corn and soya. When retail sales picked up, demand for cotton also rose and prices shot up – just at a time when major cotton-producing regions such as China and Pakistan were suffering devastating floods, and India, the second...
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...EU Furniture Market Study – Summary August, 30, 2006 This publication was produced for review by the United States Agency for International Development. It was prepared by Emerging Markets Group, Ltd. EU Furniture Market Study – Summary Submitted by: Emerging Markets Group, Ltd. StrikConsulting d.o.o. Sarajevo Submitted to: USAID Contract No.: AFP-I-800-03-00029-04 DISCLAIMER The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. Assumptions and limitations a) This is the summary of the report “EU Household Furniture Market Overview in France, Germany, Italy, United Kingdom and Ireland,” which was prepared by AGRCo Team in April 2006 (contract number: AFP-1-00-03-00029-00, Task order number: 800). b) The authors used the following source documents for producing this Summary (the file names are in brackets): • • • • • • A Market Overview – United Kingdom [ 3UK MarketStudy April06-PR.doc] Appendices for the Furniture Market Overviews – EU Country Markets of France; Germany; Italy; United Kingdom; Ireland [Appendix 1 Product Groups.doc] A Market Overview – France [MS-France-Apr06-PR.doc] A Market Overview – Italy [MS-Italy3.doc] A Market Overview – United Kingdom [UnitedKingdom MARKET OVERVIEW (2a).ppt] A Market Overview – Germany [Germany MARKET OVERVIEW (3).ppt In addition, the following files were obtained: • • EU Market Survey summary...
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...In order to be fair on the bonus distribution, the bonus should be distributed base on the percentage of the how much value employees contributed to the company. As employees in the company, they have the obligations to contribute an amount of value to the company, at lease worthy for the company paying their salary. The value of employees contributed to the company may include marketing sell, accounting and finance arrangement, managing coworker finished projects and so on. As a result, no matter what department the employees are in, or what position they have, they should have bonus as long as their contribution is greater than expectation. The bonus distribution system is most effective when base on how much value employees contributed to the company. Some may say everyone should have the same amount of bonus because they are all employees of the company and they are no different. So they have to have the same amount of bonus as long as the company is doing well, and which is the real fairness. It sounds fair if everyone get the same amount of bonus, but it is actually not fair for those who spend much time on their work and those who are able to get revenue and make profit for the company. If everyone get the same, why some of the employees should spend more time or do more work than others; it is not fair for them. However, those people who spend much time and able to get revenue for the company are people who drive the company stay in the market and get forward. If bonus...
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...Contents Introduction 2 Population 2 Economic Structure and Major Industries 2 Major Firms 4 China’s Stock Market 6 China Securities Regulatory Commission 7 Legal Enforcement of IFRS 8 Summary of contents of financial statements 9 Transition Process of Accounting Standards 10 Auditing Standards 11 Full convergence with International Standards 11 Verification of Capital Contribution 13 Comparison of China’s old GAAP and IFRS 14 Accounting Education in China 15 The Chinese Institute of Certified Public Accountants 15 The CICPA Overview 15 The CICPA Examination 16 Accounting Student 18 China’s Cultural Influences on Accounting 19 Appendix 1. Comparison of CASs and ISAs (As of 2006) 22 Appendix 2. Accounting Firms in China 24 Introduction Population In 2012, China's population amounts to 1.3 billion – an increase of 365 million since 1980. Yet, population is growing at a decelerating pace and should reach its peak in less than two decades. Current methods of population control will be relaxed as the growth of population slows. The fertility rate is presently 1.6 births per female (below replacement level) and is expected to remain at that level in the medium term. The median age is steadily rising and by 2011 it was 35.5years –16.9 years greater than the figure for 1980. In fact, population aging is occurring more quickly in China than in most other countries. The country's working age population will begin to fall by 2017. By 2040, there...
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...economics, "dumping" is any kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market, or in quantities that cannot be explained through normal market competition. Dumping can force established domestic producers out of a market and lead to monopolistic positions by the exporting nation. For example, a glut of Chinese garlic exports in the mid 2000s forced many North American producers to switch crops and leave the market. When the price of Chinese garlic soared in 2009, the shuttered North American businesses were unable to quickly re-enter the local market due to barriers to entry.[citation needed] * | [edit] Overview A standard technical definition of dumping is the act of charging a lower price for a good in a foreign market than one charges for the same good in a domestic market. This is often referred to as selling at less than "fair value". Under the World Trade Organization (WTO) Agreement, dumping is condemned (but is not prohibited) if it causes or threatens to cause material injury to a domestic industry in the importing country.[1] The term has a negative connotation as advocates of free markets see "dumping" as a form of protectionism. Furthermore, advocates for workers and laborers believe that safeguarding businesses against predatory practices, such as dumping, help alleviate some of the harsher consequences of...
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...Annual Report 2009 Important Statement The Board of Directors of China Everbright Bank hereby undertakes that all information included in this Report does not contain any false information, misleading statement or material omission. Annual Report 2009 of China Everbright Bank was deliberated and passed at the third meeting of the Fifth Board of Directors of the Bank on March 24th, 2010. KPMG Huazhen audited the Bank’s Annual Financial Statements in accordance with China Standards on Auditing for Certified Public Accountants and issued an unqualified auditor’s report. Board of Directors China Everbright Bank Corporation Limited Contents Message from the Chairman of the Board of Directors 6 Message from the President 8 Message from the Chairman of the Board of Supervisors 10 Major Financial Information 12 Organizational Chart 14 Corporate Governance 18 Meetings of the Board of Directors and Board of Supervisors 21 Directors, Supervisors, Senior Management and Staff 24 Shareholders Profile and Related-Party Transactions 42 Management Report 45 Risk Management 48 Material Issues 57 Social Responsibility Report 58 Public Awards and Honors 60 Report of the Auditors 64 Financial Statements 66 Notes to Financial Statements 76 Address Book of Head Office and Branches 166 Message from the Chairman of the Board of Directors 6 Message...
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...Case Seminar Nokia 1. How do you think the marketing task for Nokia is different in developing markets (versus in developed countries)? Nokia has conducted a customer-driven marketing strategy. They segment the market by income and they have divided their target group into developing markets and developed ones. They sell phones to over 150 countries and among them European countries contributes to 39 percent of its total net sales while Asia, Latin America, and other developing markets account for 56 percent. It is shown from the numbers that developing markets are essential for Nokia. Nokia takes over the market shares in a way similar to Honda. It started by focusing on developing countries and selling them entry-level phones. In this way Nokia gains customers loyalty ahead of its competitors and after the economic emerges, those customers would be more likely to stick with them. In order to capture customer value, Nokia has put an effort in understanding the marketplace and customer needs, which is the first step to create value for customers and build customer relationships (Kotler, Armstrong and Parment, 2011). In this market segment, they position themselves as entry-level phones and to create differentiation in the market, Nokia has done some primary data collection to gain customer insights. They did ethnographic research to get to know customers. To meet the need of cheap phones, they changed the packaging and managed to cut down the cost by more than SEK 1 billion...
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...[pic][pic] 本 科 毕 业 论 文 题 目（中文） 咖啡连锁产业营销策略研究—星巴克中国案例研究 （英文） A Research on the Marketing Strategies of Coffee Chain Business- A Case Study of Starbucks in China 姓 名 （中文） 李佩琪 （拼音） LiPeiQi 学 号 20100301336 所在学院 国际商务英语学院 年级专业 国际商务管理 指导教师 侯香勤 职称 讲师 完成时间 2014 年 2 月 28 日 A Research on the Marketing Strategies of Coffee Chain Business --- A Case Study of Starbucks in China Li Peiqi School of English for International Business Abstract In this article, the writer summarizes the marketing strategies of Starbucks by applying the basic theories of marketing, the SWOT analysis method with the theory support from a lot of reading and information searching. This article argues that the factors which distinguish Starbucks from its competitors in the market positioning are: the pursuit of coffee quality, the well-trained staff, the enthusiasm for making the world better, the attention to it pays to the community and the environment, innovation and the one and only “Starbucks Experience”. Starbucks puts coffee business in primary place, its core competiveness is its culture and values. Since the company locates the business in inspiring human’s spiritual beauty, it is necessary for their marketing means to come from the mental and psychological level. One innovative side of this article...
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...labor to integrate into the whole world trade supply chain. From his view, the world is really becoming a seamless world factory where every country works in cooperation along this supply chain. Meanwhile, globalization is bringing a set of globalized values to every corner of the world. Indeed, the world seems like a truly fair playing ground. However, in my view, the world is just far from being flat. The world is in a huge imbalance. Due to the comparative advantage of labor between developing countries and developed countries, the world capital is flowing from the US and European countries which have high labor cost to emerging economies like China and India where there are abundant supply of cheap and skilled labor. On one hand, China and the other emerging economies are accelerating their integration into the interdependence world factory. Gaps in living standards, wage and technology are quickly shrinking. The benefits of economic boom are spreading from those advanced economies to emerging economies. On the other hand, this economic model results in huge trade imbalance and further solidifies the dominance of the developed economies on the upper end of the value chain. To sustain the high annual growth rate, China has to rely on its export-oriented economic model, which caused huge trade surplus and over-supply of currency. Such...
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