Do you think that taking the (Harvard) MBA Oath positively affects the ability of employees to discharge their ethical duties? Is it useful? If so, in what ways? What would you add to the Oath? Is there anything that concerns you, and why?

2. Provide a one page report of your observations of work teams and groups from either your workplace or university. Answer the following questions in your report: Where have you observed teams or groups to be most effective? Why? What changes might be made at work in the university to make teams more effective.

5. C purchase XYZ Company stock several years ago for $50,000. Unfortunately, the stock had declined in value. Therefore, C decided to sell the stock on December 15, 2020 for $35,000, incurring a loss of ($15,000). C had other gains of $40,000 in 2020 and felt he would like to offset those gains with the loss on XYZ Company stock. However, after reading some very favorable news about XYZ Company in early January, 2021, C decided to buy back XYZ Company stock. So on January 8, 2021 C bought back the stock for $36,000.

a. How much of the loss may C deduct on his 2020 return?

b. What is C’s basis in the XYZ Company stock that was purchased on January 8, 2021?

C purchase XYZ Company stock several years ago for $50,000. Unfortunately, the stock had declined in value. Therefore, C decided to sell the stock on December 15, 2020 for $35,000, incurring a loss of ($15,000). C had other gains of $40,000 in 2020 and felt he would like to offset those gains with the loss on XYZ Company stock. However, after reading some very favorable news about XYZ Company in early January, 2021, C decided to buy back XYZ Company stock. So on January 8, 2021 C bought back the stock for $36,000.

How much of the loss may C deduct on his 2020 return?

What is C’s basis in the XYZ Company stock that was purchased on January 8, 2021?

1. You are given the following information about copper in the United States:

INCLUDE CALCULATIONS FOR THE FOLLOWING: (Please)

a. Calculate the loss to US consumers of copper from imposing the tariff.
b. Calculate the gain to US producers of copper from imposing the tariff.
c. Calculate the gain in tariff revenue to the US government from imposing the tariff.
d. Calculate the net gain or loss to the US economy as a whole from imposing the tariff.

What is the Rules for writing patient notes in the medical interview guide

Pratt Company purchased 60% of the outstanding voting shares of Sandy Company at the beginning of 2013 for $480,000. At the time of purchase, Sandy Company's total stockholders' equity amounted to $650,000. Income and dividend distributions for Sandy Company from 2013 through 2015 are as follows:

Required:

Prepare journal entries for Pratt Company from the date of purchase through 2014 to account for its investment in Sandy Company under each of the following assumptions:

1. Pratt Company uses the cost method to record its investment.
2. Pratt Company uses the partial equity method to record its investment.
3. Pratt Company uses the complete equity method to record its investment. The difference between the book value of equity acquired and the value implied by the purchase price was attributed solely to a depreciable asset, with a remaining life of 15 years

Do not copy from Chegg, otherwise, I have to report the answer.

Consider each of the following independent and material situations. In each case:

• the financial report date is 31 December 2019;

• the field work was completed on 12 February 2020;

• the directors declaration and the audit report were signed on 19 February 2020; and

• the completed financial report accompanied by the signed audit report were mailed to shareholders on 18 March 2020

A. You are an auditor pf PP Limited (PP), a company specialising in industrial property development. On 10 February 2020, you become aware that a major overseas investor has informed the management of PP of their intention to withdraw their investment in a proposed major development. On the basis of its discussions with the investor and previously pledged funds from them, PP has incurred substantial costs in feasibility studies, structural engineering reports and architectural plans. A significant portion of these costs has been capitalised. The management is dependent on finding a new investor to be able to meet these expenses and to continue with the project.

B. You are the auditor of XY Limited (XY), a manufacturing client. XY has plans to upgrade its manufacturing process and plans to finance this by a sale of property which is superfluous to its needs, situated next to its head office. The property has been subdivided for the purposes of the sale and placed on the market in December 2019. On 25 January 2020, the state government approved a plan for the construction of an express freeway. The plan will result in the appropriation of a portion of the property owned by XY and subdivided for the purpose of sale. Construction of the freeway will begin in late 2020. No estimate of the compensation payment is available.

C. You are an auditor of Q limited (Q), a major public company involved in the property development industry. Prior to signing your audit report you sought a letter of comfort from Q’s bankers that the bank would continue to support Q by providing finance over the coming year. The bank agrees that it would continue to provide finance. It was your view that without such support Q had severe cash flow problems and the financial report would need to be modified with respect to a going concern assumption. On 15 March 2020, the company’s bankers wrote to you advising that the company had breached its loan covenant with the bank in February 2020 and that the loan facility was now due and payable and would not be renewed.

D. You are the auditor of Turbo Limited (Turbo), a professional services client. On 15 January 2020, Turbo settled and paid a personal injury claim to a former employee as the result of an accident that occurred in September 2017. The company had not previously recorded a liability for the claim.

E. You are the auditor of Charge Limited (Charge), an automobile parts manufacturer. On 2 February 2020, Charge agreed to purchase for cash the outstanding shares of Electronic Fuel Injection Limited. The acquisition is likely to double the sales volume of Charge.

Required: For each of the events A to E:

1. Outline the required treatment in the financial report, if any. Justify your answer. (5 X 2 Marks = 10 Marks)

2. Determine whether additional audit evidence needs to be obtained. If so, describe the nature of the audit evidence to be obtained and the audit procedures used to obtain it. (5 X 2 Marks = 10 Marks)

3. If no action is taken by management, determine the most appropriate audit report to be issued.

InventBear Inc. is planning to establish a subsidiary in Australia to produce and sell gaming products locally. The project will end in three years and the subsidiary will be sold to an Australian firm for A$5 million at the end of the project. The salvage value is net of tax and will not be subject to withholding tax. InventBear estimates that, after paying for the income tax, the Australian subsidiary can remit A$5,450,000 to the parent every year for the next three years, starting at the end of the first year. The Australian subsidiary will require an initial investment of 7 million U.S. dollars (US$). The Australian government will impose a 25% withholding tax on the remitted funds. The subsidiary will remit all net cash flows to its parent at the end of each year. The company forecasts the exchange rate for the next three years using the current spot rate at US$0.91/A$. The parent’s required rate of return for the Australian subsidiary is 16%. If the U.S. government does not tax the A$ income, how much U.S. dollars will InventBear Inc. receive from the Australian subsidiary at the end of the third year?

a. US$4,268,859

b. US$3,719,625

c. US$8,269,625

d. US$8,715,980