Under the Tax Cuts and Jobs Act (TCJA) which of the following statements is true regarding changes to charitable contributions?

A. The new law provides that for charitable contributions made after December 31, 2017 until January 1, 2026, the limitation for cash contributions to public charities and certain private foundations is decreased to 25% of adjusted gross income (AGI)

B. A charitable deduction is allowed for any payment to an institution of higher education in exchange for which the payor receives the right to purchase tickets or seating at an athletic event

C. The new law repeals the donee-reporting exemption from the contemporaneous written acknowledgment requirement for tax years beginning after December 31, 2017

D. Under the new law contributions exceeding the annual limitation are not allowed to be carried forward

What is the coordination number for each of the following complexes or compounds?

1. [Co(NH3)4(H2O)2]3+[Co(NH3)4(H2O)2]3+
2. [Mg(EDTA)]2−[Mg(EDTA)]2−
3. [Cu(NH3)4]2+[Cu(NH3)4]2+
4. [Ag(NH3)2]NO3[Ag(NH3)2]NO3

Enter the coordination numbers, in the order that the complexes are listed, as four integers separated by commas (e.g., 1,2,3,4).

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Part B

What is the charge on each of the following complex ions?

1. hexaaquamanganese(II), [Mn(H2O)6]?[Mn(H2O)6]?
2. tris(carbonato)cobaltate(III), [Co(CO3)3]?[Co(CO3)3]?
3. amminepentabromoplatinate(IV), [Pt(NH3)Br5]?[Pt(NH3)Br5]?

Express the charges numerically, in the order that the complexes are listed, separated by commas. For a nonzero charge, be sure to include the sign (e.g., +1,-2,+3).

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Part C

What is the oxidation number of the central metal ion in each of the following complexes or compounds?

1. [NiCl2Br2]2−[NiCl2Br2]2−
2. [Cr(H2O)2(NH3)4]3+[Cr(H2O)2(NH3)4]3+
3. Na[Ag(CN)2]Na[Ag(CN)2]

Express the oxidation numbers numerically, in the order that the complexes are listed, separated by commas. For a nonzero oxidation number, be sure to include the sign (e.g., +1,-2,+3).

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Second Chance Inc. purchased a lot with an old warehouse on the premises for $420,000 on

January 1, 2016. The company immediately demolished the building and cleared the site at a

cost of $150,000. Castle then commenced construction of a new warehouse for their own use on

March 1, 2016. The warehouse took 14 months to construct and was ready to be used on April

30, 2017. Expenditures for the construction were as follows:

March 1, 2016 deposit $400,000

May 30, 2016 $600,000

December 31, 2016 $800,000

February 1, 2017 $300,000

April 1, 2017 $400,000

The Company uses the specific interest method of computing capitalized interest and had the

following indebtedness during the period of construction:

Loan #1 borrowed $3,000,000 March 31, 2014 at a rate of 6%, due September 30, 2017

Loan #2 borrowed $2,000,000 January 31, 2016 to build the warehouse at a rate of 7%, due

January 31, 2026

When the warehouse is placed in service, it will be depreciated on a straight line basis over 30

years with zero assumed salvage value.

1) What was Castle’s reported interest expense after capitalization of interest for 2017

(rounded)?

A) $225,000.

B) $270,000.

C) $275,000.

D) $320,000.

2) What was the total cost in construction of the building (rounded)?

A) $2,500,000.

B) $2,600,000.

C) $2,700,000.

D) $3,100,000.

3) The company sold the land and the warehouse on April 30, 2029 for cash proceeds of

$2,000,000. What was the overall gain or (loss), rounded?

A) ($87,000).

B) $441,000.

C) $187,000.

D) ($128,000).

ABC Ltd acquired $5 million of ten-year, 6 percent, annual coupon corporate bond (which pay interest annually).
At the time of ABC Ltd acquiring the bond, the market required a rate of return 7 percent per annum on such
bonds. ABC Ltd has an intention to hold the bond for cash flows and not to trade them. Assume that the moneys
paid out to acquire debentures were allotted on the same day: 30 June 2018.
Appendix A provides the present value of $1 in n periods.
Appendix B provides the present value of an annuity of $1 per period for n periods.
Required:
(a) Calculate the acquired price of the bonds at 30 June 2018. Show workings.
(b) Prepare a schedule as follows Please copy the schedule format to the paper.

(c) Provide the relevant journal entries at 30 June 2018.
(d) Provide the journal entries for the receipt of interest and principal component at 30 June 2019. Show
workings.
(e) Provide the journal entries for the receipt of interest and principal component at 30 December 2028. Show
workings.

Today is 1 January 2019. Kim is looking for an investment that will give her $500,000 in 5 years’ time
so that she will have a sufficient deposit to purchase a $2.5m house in Sydney. Currently she has
saved about $380,000 to contribute to the deposit. She has started looking at Treasury bonds as she
thinks they are a relatively low risk investment. However, she did not study finance at University so
does not have a good understanding of Treasury Bonds. A friend of hers, Matt, works at the RBA
and has given her the following information:
• The expected change in market yield and reinvestment rates for the next 7 years is a 50
basis points increase per annum from the current market yield. This change is expected to
occur immediately after 1 January 2019.
• For a $500,000 investment in 5 years’ time, Kim can consider buying:
o Investment 1 – 2413 units of a 7 year 15.6% p.a. Treasury bond (bond 1) with a face
value of $100 at a yield of j2 = 6.2%. The bond is redeemable at par. The maturity
date is 1 January 2026.
o Investment 2 – 3511 units of a 6 year 7.2% p.a. Treasury bond (bond 2) with a face
value of $100 at a yield of j2 = 6.2%. The bond is redeemable at par. The maturity
date is 1 January 2025.
• On receipt of each coupon, Kim should deposit the coupon into a bank account earning the
reinvestment rate.
As you are a friend studying financial modelling, Kim has approached you to help her with some
analysis before she decides whether to invest in the Treasury bonds suggested by Matt. Her
questions are [25 marks]:
a) What is the price per bond and total price Kim will pay for 1 January 2019 for investment 1
and 2? [4 marks]
b) For each bond, calculate the accumulated value at years 4, 5 and 6 and maturity [7 marks]
c) For each bond, calculate the holding period yield rate (expressed as a j2 rate to 1 decimal
place) for each of the holding periods in b) [7 marks]
d) Calculate the duration of each bond using the weighted average cash flow method (to 2
decimal places). Based on your observation in c) and d), what is the reason Matt has given
Kim the advice to consider purchasing the 2 bonds? [4 marks]
e) Use a separate bar/column chart to plot your results for each bond in c). Provide an
explanation of why the holding period yield rate increases as the holding period increases. [3
marks]
Answer each of parts a–e on separate tabs in your spreadsheet. Label each of the tabs `Part a',
`Part b', ..., and `Part e'

Solve STEP BY STEP using power series about x = -1,

4(x+1)^2 y'' - 2(x+1)(x+3) y' + (x+4) y = 0.

note, solve by power series, variable transformation by letting:
w= x+1 = 0

Question 1: Partial year’s depreciation; alternative methods; exchange/disposal of PPE

Videotron Ltee completed the following transactions involving printing equipment.

Machine 6690 was purchased for cash on May 1, 2020, at an installed cost of $72,900. Its useful life was estimated to be four years with an $8,100 trade-in value. Straight-line depreciation was recorded for the machine at the ends of 2020 and 2021.

On August 5, 2020, it was traded for Machine 6691, which had an installed cash price of $54,000. A trade-in allowance of $40,500 was received and the balance was paid in cash. The new machine’s life was estimated at five years with a $9,450 trade-in value. The fair values of Machines 6690 and 6691 were not reliably determined at the time of the exchange. Double-declining-balance depreciation was recorded on each December 31 of Machine 6691’s life. On February 1, 2025, it was sold for $13,500.

Machine 6711 was purchased on February 1, 2025, at an installed cash price of $79,650. It was estimated that the new machine would produce 75,000 units during its useful life, after which it would have an $8,100 trade-in value. Units-of-production depreciation was recorded on the machine for 2025, a period in which it produced 7,500 units of product. Between January 1 and October 3, 2026, the machine produced 11,250 more units. On October 3, 2026, it was sold for $54,000

Required

Prepare journal entries to record:

1. The depreciation expense recorded to the nearest whole month on the first December 31 of each machine’s life. (for units-of-production, round the rate per unit to three decimal places).
2. The purchase/exchange/disposal of each machine.

Question 2: Intangible assets

On February 3, 2020, Secure Software Group purchased the patent for a new software for cash of $220,800. The company expects the software to be sold over the next five years and uses the straight-line method to amortize intangibles.

Required

1. Prepare entries to record the:

1. Purchase of the software patent.
2. Straight-line amortization for the year ended December 31, 2020, calculated to the nearest whole month. Round to the nearest dollar.

2. On December 31, 2020, the company’s adjusted trial balance showed the additional asset accounts shown below. Prepare the asset section of the balance sheet at December 31, 2020, including the patent purchased on February 3, 2020.

Accounts receivable………………………………$285,600

Accumulated depreciation, equipment……………$259,200

Accumulated depreciation, building………………$189,000

Allowance for doubtful accounts……………………$8,400

Cash………………………………………………. $103,200

Equipment…………………………………………$477,600

Building………………………………………… $595,200

Land………………………………………………. $ 110,400

Merchandise inventory…………………………… $ 135,600

On January 1, 2021, QuickStream Communications leased telephone equipment from Digium, Inc. Digium’s cash selling price for the equipment is $1,946,047. The lease agreement specifies six annual payments of $460,000 beginning December 31, 2021, and at each December 31 thereafter through 2026. The six-year lease is equal to the estimated useful life of the equipment. The contract specifies that lease payments for each year will increase by the higher of (a) the increase in the Consumer Price Index for the preceding year or (b) 3%. The CPI at the beginning of the lease is 130. Digium routinely leases equipment to other firms. The interest rate in these lease arrangements is 11%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required: Prepare the appropriate journal entries for QuickStream to record the lease at its beginning date of January 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.)

4. [22 pts] For the function ?(?) = 2?5 − 9?4 + 12?3 − 12?2 + 10? − 3 answer the following:

Variable Dividend Stock is expected to pay dividends of $2, $,2, $,3, $4, and $4 over the next five years. After that the dividend is expected to grow at a constant rate of 4%. If the return on the stock is 9%, what is the price?

Use formulas and show step by step with calculations.