At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:

Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Equipment—Straight line; 10 years.
Automobiles and trucks—200% declining balance; 5 years, all acquired after 2017.
Leasehold improvements—Straight line.
Land improvements—Straight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2021 and other information:

1. On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 18,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values of land and building for property tax purposes are $136,000 and $544,000, respectively.
2. On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $150,000. These expenditures had an estimated useful life of 12 years.
3. The leasehold improvements were completed on December 31, 2017, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2023, was renewable for an additional four-year term. On April 30, 2021, Cord exercised the renewal option.
4. On July 1, 2021, equipment was purchased at a total invoice cost of $318,000. Additional costs of $12,000 for delivery and $43,000 for installation were incurred.
5. On September 30, 2021, Cord purchased a new automobile for $11,800.
6. On September 30, 2021, a truck with a cost of $23,300 and a book value of $7,800 on date of sale was sold for $10,800. Depreciation for the nine months ended September 30, 2021, was $1,755.
7. On December 20, 2021, equipment with a cost of $13,500 and a book value of $2,800 at date of disposition was scrapped without cash recovery.

Required:

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021.

The Australian Securities and Investment Commission (ASIC) is taking Mountain Ltd to court for breach of the legislation under the Corporations Act 2001 in the 2018 financial year. The matter is still ongoing, and the company does not expect the matter to be resolved until November 2020. 1f found liable, the fines could be between $200,000 and $2,000,000. The company is somewhat confident that they will not be fined the full $2,000,000 but they are uncertain about the outcome. The company wants to ensure that they have reported the matter correctly in the financial accounts for the year ended June 2020. The date is August 1 and the directors have not signed off on the financial accounts. 1. Discuss whether an adjustment in the financial accounts is required or a note disclosure, give reason for your answer. 2. Discuss the effect the scenario has on the accounts and how they are presented.

Select any one company listed on the Australian S&P/ASX200 Index and discuss that company’s 2020 mission statement/vision. There is a word limit of 200 words for this question.

Select any one company listed on the Australian S&P/ASX200 Index and discuss that company’s 2020 mission statement/vision. There is a word     limit of 200 words for this question.

Select any one company listed on the Australian S&P/ASX200 Index and discuss that company’s 2020 mission statement/vision. There is a word limit of 200 words for this question.

Select any one company listed on the Australian S&P/ASX200 Index and discuss that company’s 2020 mission statement/vision. There is a word limit of 200 words for this question.

According to a Gallup poll in October 2015, having young children at home greatly influences whether women in the U.S. prefer to stay at home or work outside of it. More than half of women, 58%, who have a child younger than 18 would ideally like to stay home and care for their house and family, while 58% of those without young children would rather work outside the home. Having young children makes little difference in men's preferences, with close to three-quarters preferring to work regardless of their parenting status. Gallup states that their method has a margin of error of 0.031.

(a) Give a point estimate for the proportion of all US women with a child under 18 that would like to stay at home.


(b) Give an interval estimate for the proportion of all US women with a child under 18 that would like to stay at home. Use three decimal places in your answer.

(c) What is the difference between a point estimate and an interval estimate?

A)A point estimate only tells us the parameter​ value; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.

B) A point estimate only tells us the parameter​ value; an interval estimate also gives us a plausible range of values for the parameter.   

C) A point estimate only tells us the best guess for the​ parameter; an interval estimate is more likely to be close to the parameter than a single point.

D) A point estimate only tells us the parameter​ value; an interval estimate also gives us a plausible range of values for the statistic.

E) A point estimate only tells us the best guess for the​ parameter; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.

Sarasota Company has the following investments as of December 31, 2020:

In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Sarasota’s stock investments does not result in significant influence on the operations of Laser Company. Sarasota’s debt investment is considered held-to-maturity. At December 31, 2021, the shares in Laser Company are valued at $1,200,000; the debt investment securities of FourSquare are valued at $2,480,000 and are considered impaired.

a. Prepare the journal entry to record the impairment of the debt securities at December 31, 2021

b. Assuming the fair value of the Laser shares is $1,470,000 and the value of its debt investment is $2,970,000, what entries, if any, should be recorded in 2022 related to impairment?

c. Assume that the debt investment in FourSquare Company was available-for-sale and the expected credit loss was $860,000. Prepare the journal entry to record this impairment on December 31, 2021.

Stock Project Select a public company listed on the NASDAQ or NYSE. The company must have been listed for at least two years. You may use the same company as you did in the other project. Each submission is worth 25 points and are due based on the dates in each section.

Stock Assignment 1

Prepare a written response to the following items. All responses should be included in a Word document (that is, typed). Submit your responses in Blackboard by uploading ONE Word document, named to this assignment by the deadline. The responses should be free of grammar, spelling and punctuation errors. For your company, provide the following:

1. The company name and the primary ticker symbol.

2. A brief description of the type of products and/or services provided by the company.

3. The market on which the company’s stock is listed.

4. The names of the CEO and CFO.

5. The year in which the company went public.

6. Where the company is headquartered.

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 75 units from beginning inventory and 205 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 95 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)