discuss the recent public policy decisions made in Texas with respect to abortion. find at least one Op-Ed on the issue and explain and assess the author argument. Be sure to consider HB1, HB214, and SB8 in your post. what do you think are reason regulation with respect to abortion that the State of Texas should enact or has enacted? why? what are some unreasonable regulation that Texas has enacted? why are they unreasonable?
In: Nursing
Tell us about a malpractice or other negligence case.
2. APPLY the 4 elements - discuss them in detail - duty, breach, proximate cause, and damages as they apply to your selected case.
3. Be sure to ask questions of your classmates about their cases! Review the discussion board grading rubric.
Include a citation to support your opinions and remember to reply to at least 2 other classmates Search entries or author
In: Nursing
Comparative balance sheets for 2015 and 2016 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2015 and 2016 ($ in 000s)
2015 2016
Assets
Cash $ 120 $ 97
Petty cash 6 5
Accounts receivable 28 16
Allowance for uncollectible accounts (5) (3)
Investment in A Corp 15 0
Investment in B Inc 0 22
Inventory 23 33
Prepaid insurance 6 5
Supplies 10 13
Land 75 60
Building 120 145
Less: Accumulated depreciation (24) (30)
Equipment 60 40
Less: Accumulated depreciation (36) (28)
$ 398 $ 375
Liabilities
Accounts payable $ 38 $ 33
Salaries payable 7 9
Interest payable 2 4
Note payable 160 120
Owner's Equity
Owner's contribution 145 176
Capital 46 62
Withdrawal 0 (29)
$ 398 $ 375
METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016
Revenues
Sales revenue $ 192
Expenses
Cost of goods sold $ 94
Bad debt expense 3
Insurance expense 26
Supplies expense 22
Depreciation expense 11
Salaries expense 24
Interest expense 12
Utilities expense 11
Total expenses 203
Income from operations (11)
Other income and expenses
Gain of sale of land 22
Gain on sale of equipment 7
Loss on sale of Investment A (2)
Total other income and expenses 27
Net income $ 16
Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2016. Present cash flows from operating activities by the direct method.
In: Accounting
Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
2016 2015
Assets
Cash $ 460 $ 190
Accounts receivable 470 250
Inventory 620 380
Land 625 575
Building 800 800
Less: Accumulated depreciation (200) (170)
Equipment 2,800 2,510
Less: Accumulated depreciation (451) (420)
Patent 1,600 1,800
$ 6,724 $ 5,915
Liabilities
Accounts payable $ 720 $ 470
Accrued expenses payable 210 165
Lease liability—land 150 0
Shareholders' Equity
Common stock 2,650 2,500
Paid-in capital—excess of par 500 470
Retained earnings 2,494 2,310
$ 6,724 $ 5,915
METAGROBOLIZE INDUSTRIES
Income Statement For the Year Ended December 31, 2016 ($ in 000s)
Revenues
Sales revenue $ 2,807
Gain on sale of land 60
$ 2,867
Expenses
Cost of goods sold $ 920
Depreciation expense—building 30
Depreciation expense—equipment 328
Loss on sale of equipment 10
Amortization of patent 200
Operating expenses $ 600 2,088
Net income $ 779
Additional information from the accounting records:
a. During 2016, equipment with a cost of $330,000 (90% depreciated) was sold.
b. The statement of shareholders’ equity reveals reductions of $180,000 and $415,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method.
In: Accounting
Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2016 and 2015 ($ in 000s)
2016 2015
Assets Cash $ 470 $ 160
Accounts receivable 490 260
Inventory 640 385
Land 650 590
Building 800 800
Less: Accumulated depreciation (250) (230)
Equipment 2,850 2,570
Less: Accumulated depreciation (472) (440)
Patent 1,700 1,950 $ 6,878 $ 6,045
Liabilities
Accounts payable $ 740 $ 440
Accrued expenses payable 220 155
Lease liability—land 150 0
Shareholders' Equity
Common stock 2,600 2,500
Paid-in capital—excess of par 600 515
Retained earnings 2,568 2,435
$ 6,878 $ 6,045
METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2016 ($ in 000s)
Revenues
Sales revenue $ 2,839
Gain on sale of land $ 65
$ 2,904
Expenses
Cost of goods sold $ 940
Depreciation expense—building 20
Depreciation expense—equipment 356
Loss on sale of equipment 10
Amortization of patent 250
Operating expenses $ 600
2,176
Net income $ 728
| Additional information from the accounting records: | |
| a. | During 2016, equipment with a cost of $360,000 (90% depreciated) was sold. |
| b. |
The statement of shareholders’ equity reveals reductions of $185,000 and $410,000 for stock dividends and cash dividends, respectively. |
| Required: |
|
Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. |
In: Accounting
The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.
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The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also. |
| ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) |
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| 2016 | 2015 | |||
| Assets | ||||
| Cash | $ | 138 | $ | 92 |
| Accounts receivable | 201 | 216 | ||
| Investment revenue receivable | 17 | 15 | ||
| Inventory | 219 | 211 | ||
| Prepaid insurance | 15 | 23 | ||
| Long-term investment | 189 | 136 | ||
| Land | 218 | 161 | ||
| Buildings and equipment | 423 | 422 | ||
| Less: Accumulated depreciation | (107) | (142) | ||
| Patent | 42 | 45 | ||
| $ | 1,355 | $ | 1,179 | |
| Liabilities | ||||
| Accounts payable | $ | 61 | $ | 87 |
| Salaries payable | 17 | 31 | ||
| Bond interest payable | 19 | 15 | ||
| Income tax payable | 23 | 30 | ||
| Deferred income tax liability | 33 | 19 | ||
| Notes payable | 28 | 0 | ||
| Lease liability | 93 | 0 | ||
| Bonds payable | 226 | 297 | ||
| Less: Discount on bonds | (33) | (38) | ||
| Shareholders’ Equity | ||||
| Common stock | 453 | 421 | ||
| Paid-in capital—excess of par | 106 | 96 | ||
| Preferred stock | 86 | 0 | ||
| Retained earnings | 263 | 221 | ||
| Less: Treasury stock | (20) | 0 | ||
| $ | 1,355 | $ | 1,179 | |
ARDUOUS COMPANY
Income Statement
| ARDUOUS COMPANY Income Statement For Year Ended December 31, 2016 ($ in millions) |
||||||
| Revenues and gain: | ||||||
| Sales revenue | $ | 520 | |
|||
| Investment revenue | 21 | |||||
| Gain on sale of treasury bills | 2 | $ | 543 | |||
| Expenses and loss: | ||||||
| Cost of goods sold | 191 | |||||
| Salaries expense | 84 | |||||
| Depreciation expense | 11 | |||||
| Patent amortization expense | 2 | |||||
| Insurance expense | 18 | |||||
| Bond interest expense | 39 | |||||
| Loss on machine damage | 24 | |||||
| Income tax expense | 47 | 416 | ||||
| Net income | $ | 127 | ||||
| Additional information from the accounting records: | |
| a. |
Investment revenue includes Arduous Company’s $17 million share of the net income of Demur Company, an equity method investee. |
| b. |
Treasury bills were sold during 2016 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. |
| c. |
A machine originally costing $92 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $22 million. |
| d. |
Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $14 million. |
| e. |
The preferred stock of Tory Corporation was purchased for $36 million as a long-term investment. |
| f. |
Land costing $57 million was acquired by issuing $29 million cash and a 14%, four-year, $28 million note payable to the seller. |
| g. |
The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $93 million. |
| h. |
$71 million of bonds were retired at maturity. |
| i. | In February, Arduous issued a 4% stock dividend (4 million shares). The market price of the $8 par value common stock was $10.50 per share at that time. |
| j. |
In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $20 million. |
| Required: | |
|
Prepare the statement of cash flows for Arduous Company using the indirect method. |
In: Accounting
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In: Accounting
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Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. |
|
METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s) |
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| 2016 | 2015 | |||
| Assets | ||||
| Cash | $ | 500 | $ | 250 |
| Accounts receivable | 550 | 290 | ||
| Inventory | 700 | 400 | ||
| Land | 700 | 650 | ||
| Building | 800 | 800 | ||
| Less: Accumulated depreciation | (250) | (215) | ||
| Equipment | 3,000 | 2,750 | ||
| Less: Accumulated depreciation | (355) | (320) | ||
| Patent | 1,000 | 1,150 | ||
| $ | 6,645 | $ | 5,755 | |
| Liabilities | ||||
| Accounts payable | $ | 800 | $ | 550 |
| Accrued expenses payable | 250 | 220 | ||
| Lease liability—land | 150 | 0 | ||
| Shareholders' Equity | ||||
| Common stock | 2,660 | 2,500 | ||
| Paid-in capital—excess of par | 600 | 560 | ||
| Retained earnings | 2,185 | 1,925 | ||
| $ | 6,645 | $ | 5,755 | |
|
METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in 000s) |
||||
| Revenues | ||||
| Sales revenue | $ | 3,020 | ||
| Gain on sale of land | 80 | $ | 3,100 | |
| Expenses | ||||
| Cost of goods sold | $ | 1,000 | ||
| Depreciation expense—building | 35 | |||
| Depreciation expense—equipment | 440 | |||
| Loss on sale of equipment | 20 | |||
| Amortization of patent | 150 | |||
| Operating expenses | 600 | 2,245 | ||
| Net income | $ | 855 | ||
| Additional information from the accounting records: | |
| a. | During 2016, equipment with a cost of $450,000 (90% depreciated) was sold. |
| b. |
The statement of shareholders' equity reveals reductions of $200,000 and $395,000 for stock dividends and cash dividends, respectively. |
| Required: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2016. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)
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In: Accounting
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The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also. |
|
ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) |
||||
| 2016 | 2015 | |||
| Assets | ||||
| Cash | $ | 146 | $ | 96 |
| Accounts receivable | 205 | 224 | ||
| Investment revenue receivable | 23 | 19 | ||
| Inventory | 222 | 215 | ||
| Prepaid insurance | 21 | 28 | ||
| Long-term investment | 203 | 140 | ||
| Land | 241 | 165 | ||
| Buildings and equipment | 427 | 430 | ||
| Less: Accumulated depreciation | (109) | (150) | ||
| Patent | 43 | 47 | ||
| $ | 1,422 | $ | 1,214 | |
| Liabilities | ||||
| Accounts payable | $ | 65 | $ | 95 |
| Salaries payable | 23 | 33 | ||
| Bond interest payable | 25 | 19 | ||
| Income tax payable | 27 | 32 | ||
| Deferred income tax liability | 41 | 23 | ||
| Notes payable | 38 | 0 | ||
| Lease liability | 97 | 0 | ||
| Bonds payable | 230 | 305 | ||
| Less: Discount on bonds | (37) | (46) | ||
| Shareholders’ Equity | ||||
| Common stock | 455 | 425 | ||
| Paid-in capital—excess of par | 115 | 100 | ||
| Preferred stock | 90 | 0 | ||
| Retained earnings | 277 | 228 | ||
| Less: Treasury stock | (24) | 0 | ||
| $ | 1,422 | $ | 1,214 | |
| ARDUOUS
COMPANY Income Statement For Year Ended December 31, 2016 ($ in millions) |
||||||
| Revenues and gain: | ||||||
| Sales revenue | $ | 557 |
|
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| Investment revenue | 28 | |||||
| Gain on sale of treasury bills | 4 | $ | 589 | |||
| Expenses and loss: | ||||||
| Cost of goods sold | 195 | |||||
| Salaries expense | 88 | |||||
| Depreciation expense | 9 | |||||
| Patent amortization expense | 4 | |||||
| Insurance expense | 22 | |||||
| Bond interest expense | 43 | |||||
| Loss on machine damage | 30 | |||||
| Income tax expense | 51 | 442 | ||||
| Net income | $ | 147 | ||||
| Additional information from the accounting records: | |
| a. |
Investment revenue includes Arduous Company’s $23 million share of the net income of Demur Company, an equity method investee. |
| b. |
Treasury bills were sold during 2016 at a gain of $4 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. |
| c. |
A machine originally costing $100 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $20 million. |
| d. |
Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $18 million. |
| e. |
The preferred stock of Tory Corporation was purchased for $40 million as a long-term investment. |
| f. |
Land costing $76 million was acquired by issuing $38 million cash and a 14%, four-year, $38 million note payable to the seller. |
| g. |
The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $97 million. |
| h. |
$75 million of bonds were retired at maturity. |
| i. | In February, Arduous issued a stock dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. |
| j. |
In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $24 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. Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).) |
In: Accounting
Kaa & Shere Khan Company has a non-contributory, defined benefit pension plan. Kaa’s incremental borrowing rate is 7%. The accounting period ends 31 December 2016. Pension plan data to be used for accounting purposes in 2016 are as follows:
Fair value of plan assets, Dec 31, 2015 $6,258,000
Defined benefit obligation, Dec 31, 2015 $7,299,000
Actual return on plan assets for 2016 $61,100
Actuarial revaluation dated Dec 31, 2016 $(806,900)
(due to mortality assumption changes)
Funding payment at year end 2016 $250,000
Benefits paid to retirees in 2016 $105,000
Current service cost for 2016 $233,400
Required:
In: Accounting