Ayres Services acquired an asset for $98 million in 2018. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset’s cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts for pretax accounting income, depreciation, and taxable income in 2018, 2019, 2020, and 2021 are as follows:

Required:
Determine (a) the temporary book–tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account. (Leave no cell blank, enter "0" wherever applicable. Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)

"Acquisitions" Please respond to the following: Use the Internet or Strayer online database to research a publically traded company that recently acquired another company. Analyze the performance of the combined company, and ascertain at least two (2) benefits that the combined companies gained from the acquisition.

Company A is considering buying the assets of Company B in a taxable transaction. Please consider what the income tax impacts are for the following issues:

Treatment of acquired assets by Company A.

Tax treatment of sale to Company B.

Tax Treatment of sale to shareholders of Company B.

Transfer of net operating loss carryforwards and tax credits of Company B to Company A.

Yummy Brands is considering the purchase of a new machine that dispenses yogurt. The machine cost $300,000, useful life 5 years 0 salvage. Annual revenues and expenses associated with the new machine follow:Sales revenue$325,000Operating Expenses:Advertising$ 30,000Operator salaries 60,000 Ingredients cost 32,000 Maintenance contract 20,000Depreciation ? You have been hired as Yummy Brands chief financial officer and you need to advise the company CEO if the company should invest in this machine. Show your analysis/ calculations in good form for all your recommendations:A.In your meeting with the CEO you find out that the company usually does not like to invest unless if a project promises a payback period of 4 years or less. Should the company invest in this machine? Show your calculations in good form and explain the pros and cons of this method to make this decision.B.Another approach that the CEO encouraged you to explore is the simple rate or return. Assuming that Yummy Brands requires a 15 percent return on all equipment purchases, compute the simple rate of return promised by the new machine. Ignore income taxes. C.The CEO said he would be interested to find out about any other methods that should be used in this analysis. In the recent Yogurt Journal he had read something about using the internal rate of return of a particular investment in making an investment decision. As a recent graduate of managerial accounting you are expected to be familiar with this analysis and you should do the calculations and make a recommendation based on this method . D.This is your first assignment to make a recommendation about a significant financial investment and you want to be assured that you are making the correct recommendation. You are also trying to impress your boss (and your professor) with your knowledge of managerial accounting. Are there any other methods that you would consider using in this particular situation? Explain the method(s) and show your calculations/ analysis. Explain the pros and cons of all the methods that you have been asked to consider or that you recommend.

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $12 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $80 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $12 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $8 million.
5. The preferred stock of Tory Corporation was purchased for $30 million as a long-term investment.
6. Land costing $52 million was acquired by issuing $26 million cash and a 10%, four-year, $26 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $94 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $65 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (6.0 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $14 million.

Required:
Prepare the statement of cash flows for Arduous Company using the indirect method. (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).)

he comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $15 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $1 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $90 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $13 million.
5. The preferred stock of Tory Corporation was purchased for $35 million as a long-term investment.
6. Land costing $56 million was acquired by issuing $28 million cash and a 10%, four-year, $28 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $98 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2021.
8. $70 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (8.0 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $19 million.

Required:
Prepare the statement of cash flows for Arduous Company using the indirect method. (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).)

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $10 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $4 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $74 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $15 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $5 million.
5. The preferred stock of Tory Corporation was purchased for $27 million as a long-term investment.
6. Land costing $48 million was acquired by issuing $24 million cash and a 12%, four-year, $24 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $84 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $62 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (4.8 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $11.00 million.

Required:
Prepare the statement of cash flows of Arduous Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $25 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $108 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $22 million.
5. The preferred stock of Tory Corporation was purchased for $44 million as a long-term investment.
6. Land costing $66 million was acquired by issuing $33 million cash and a 10%, four-year, $33 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $107 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2021.
8. $79 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (11.6 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $28 million.

Required:
Prepare the statement of cash flows for Arduous Company using the indirect method. (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).)

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $23 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $104 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $24 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $20 million.
5. The preferred stock of Tory Corporation was purchased for $42 million as a long-term investment.
6. Land costing $64 million was acquired by issuing $32 million cash and a 15%, four-year, $32 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $107 million. Annual lease payments of $8 million are paid at the beginning of each year starting January 1, 2021.
8. $77 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (10.8 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $26 million.

Required:
Prepare the statement of cash flows for Arduous Company using the indirect method. (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).)

Please respond too this statement with 2 paragraphs on why you agree with this statement and providing additional information (Explanation):

How are conventional banks different than the Grameen Bank?--Conventional banks differ from Grameen Bank in many numbers of ways. It begins with the goal of the institution. Conventional Banks’ goal is to maximize profits. They want to create a company and products that are intended to create profit to the company. Grameen Bank is not intended to create profit for the person who created. Mohammad Yunus, the founder of Grameen Bank, wanted to create a social business that is intended to be self-sustaining, but not created to make him rich. They also differ from conventional banks by having the barrowers benefit from the company’s profits. The profits from Grameen Bank go back to the barrowers.