calculate percent of total assets. Please show excel calculations.

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

Additional information from the accounting records:

1. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
2. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
3. Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.
4. New equipment was purchased for $15,000 cash.
5. On January 1, 2018, bonds were sold at their $25,000 face value.
6. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
7. Cash dividends of $13,000 were paid to shareholders.
8. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $8,000.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)

Herbert Fancypants, a popular professional golfer, has become known for the knickers (not underwear; Google/Bing it) he wears in each golf tournament. This attire has become his trademark; however, he has no trademark protection under any applicable law. Nor is there any requirement under golfing rules that he wear anything other than “appropriate attire suitable to the profession.”

Are the purchase and cleaning costs of the knickers deductible to Mr. Fancypants? Please cite all resources in your research to support your conclusion

Problem 18-03

The federal corporate income tax rate is 35 percent and firms may carry-back losses for two years and carry-forward losses for 20 years. The carry-back must occur before carry-forward. A corporation breaks even in year 1, earns $27,000 in year 2, but operates at a loss of $87,000 in year 3. It earns $73,000 in year 4, breaks even in year 5, and earns $43,000 in year 6. What are the taxes paid or refunded in each year? Enter your answers as positive values. If the answer is zero, enter "0". Round your answers to the nearest dollar.

For the year ended December 31, 2018, Norstar Industries reported net income of $655,000. At January 1, 2018, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2018:
  

Required:

Compute Norstar's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.)

This is what I have calculated and it is incorrect. Please help.

STEP 1 Transactions

Select a business of your own choice and make up at least 15 transactions of your own choice. These transactions should focus on Cash Receipts, Cash Payments, Sales, Purchases, Sales Returns, Purchases Returns and General transactions.

STEP 2 Source Documents

For each of the transaction that you have selected, identify the source document used.

Step 3 Journals

Post the 15 transactions selected in step 1 into the 7 journals that you have learnt.

Step 4 T-Form Ledger Accounts

Post the entries from the Journals to the ledger. You are required to make all the ledger accounts.

Step 5 Trial Balance

From all the Ledger Accounts Prepared in Step 4, extract a Trial Balance.

How can a buiness owner end up getting personally sued even if the business is incorporated?

Mergers and acquisitions (M&A)

1. What is merger and acquisition
2. Did Facebook Buy WhatsApp? What is the process of merge and acquisition??? mention important points.
3. How do interest rates affect M&A? How low-interest rates affect the M&A market? And the effect of rising interest rates on M&A activity in Canada

Wayne has a beginning basis in a partnership of $46,000. His share of income and expense from the partnership consists of the following amounts: Ordinary income $86,000, Guaranteed payment 24,000, Long-term capital gain 31,000, §1231 gain 8,600, Charitable contributions 4,000, §179 expense 36,000, Cash distribution 12,000.

Beginning basis = $46,000

Guaranteed payment                               = $24,000

Long-term Capital gain                           = $31,000

1231 gain                                                = $8,600

                                                                   $109,600

Charitable contributions                         = ($4,000)

179 Expense                                            = ($36,000)

Cash distribution                                     = ($12,000)

End of year basis                                   = $57,600

I was told my answer of $57,600 was incorrect, any advice?

Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units ? Direct materials, 29,000 units @ $9.50 275,500 Direct labor 84,600 Factory overhead 39,258 Bal. ? units, 45% completed ? Determine the following: a. The number of units in work in process inventory at the end of the period. 1,000 units Feedback Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods. b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, beginning 1,600 0 1,040 Started and completed 28,000 28,000 28,000 Transferred to finished goods 29,600 Inventory in process, ending 1,000 1,000 450 Total units 30,600 Feedback c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit Direct Materials $ Conversion $ d. Cost of the units started and completed during the period. $

Problem 14-5A Straight-Line: Amortization of bond premium and discount LO P1, P2, P3

[The following information applies to the questions displayed below.]

Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date.

1. Prepare the January 1, 2017, journal entry to record the bonds' issuance.

2. Determine the total bond interest expense to be recognized over the bonds' life.

3. Prepare a straight-line amortization table for the bonds' first two years.

4. Prepare the journal entries to record the first two interest payments

Required information

[The following information applies to the questions displayed below.]

Arndt, Inc., reported the following for 2018 and 2019 ($ in millions):

1. Expenses each year include $40 million from a two-year casualty insurance policy purchased in 2018 for $80 million. The cost is tax deductible in 2018.
2. Expenses include $3 million insurance premiums each year for life insurance on key executives.
3. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2018 and 2019 were $38 million and $67 million, respectively. Subscriptions included in 2018 and 2019 financial reporting revenues were $35 million ($13 million collected in 2017 but not recognized as revenue until 2018) and $43 million, respectively. Hint: View this as two temporary differences—one reversing in 2018; one originating in 2018.
4. 2018 expenses included a $29 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold in 2019.
5. During 2017, accounting income included an estimated loss of $7 million from having accrued a loss contingency. The loss was paid in 2018 at which time it is tax deductible.
6. At January 1, 2018, Arndt had a deferred tax asset of $8 million and no deferred tax liability.

6. Suppose that during 2019, tax legislation was passed that will lower Arndt’s effective tax rate to 35% beginning in 2020. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2019.

Suppose that during 2019, tax legislation was passed that will lower Arndt’s effective tax rate to 35% beginning in 2020. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)