During 2018 the following occurred:

• Land costing $300,000 was purchased in 2018 for $220,000 cash and by issuing common shares of $80,000
• A building that had an original cost of $348,000 and accumulated depreciation of $128,000 was sold for a loss of $53,000
• A vehicle was sold during the year, the vehicle had a cost of $21,000, accumulated depreciation of $3,000 and was sold for $6,800 in cash
• The vehicle that was purchased in 2018 was purchased by obtaining a bank loan
• $137,0000 was paid towards the bank loan in 2018
• The company declared dividends of $32,000 in 2018
• Common shares were bought back by the company during 2018

1. Prepare the statement of cash flows for 2018 using the indirect method.

Decide whether each pair of elements in the table below will form an ionic compound. If they will, write the empirical formula and name of the compound formed in the spaces provided.

A 8.024 gram sample of an organic compound containing C, H and O is analyzed by combustion analysis and 20.75 grams of CO₂ and 4.248 grams of H₂O are produced.

In a separate experiment, the molar mass is found to be 136.2 g/mol. Determine the empirical formula and the molecular formula of the organic compound.

Enter the elements in the order C, H, O

The compound known as butylated hydroxytoluene, abbreviated as BHT, contains carbon, hydrogen, and oxygen. A 1.376 g sample of BHT was combusted in an oxygen rich environment to produce 4.122 g of CO2(g) and 1.350 g of H2O(g). Insert subscripts below to appropriately display the empirical formula of BHT.

Insert subscripts below to appropriately display the empirical formula of BHT

CHO

A 2.335 gram sample of an organic compound containing C, H and O is analyzed by combustion analysis and 5.030 grams of CO2 and 2.060 grams of H2O are produced. In a separate experiment, the molar mass is found to be 102.1 g/mol. Determine the empirical formula and the molecular formula of the organic compound.

Enter the elements in the order C, H, O

empirical formula =

molecular formula =

1. The experimental empirical formula of a magnesium oxide compound was determined. To do this a magnesium ribbon weighing 0.252 g was heated in a crucible. From the data listed, determine the empirical formula for the magnesium oxide product. Please show all work! I'm trying to really understand

          Mass of empty crucible and cover: 20.74 g

          Mass of crucible, cover, and final product: 21.17 g

6) Evidence on IPO underpricing is provided in several empirical studies, including a seminal paper by Loughran and Ritter (2004). 7) On average, IPOs traded at a premium and one reason can be underpricing of IPO at the offer time. Briefly discuss whether this result is consistent with previous empirical studies (Loughran and Ritter (2004)about IPO traded at premium if they were underpriced at offer time.

Find a recent (last 30 days) article that deals with one of this week’s economic concepts. Provide an analysis of the concept and how it was demonstrated within the article. (1 page summary.)

Include Article link, no less than 250 words in length, make at least one reference to your text or other course materials and provide in-text citations. As you reference information from a source, be sure to provide APA citations in text and at the end of your post.

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017.

(Hint: Interest must be accrued.)

Required:
1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale.
2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments.

Part II is to entered below:

Assignment 2

USE GAAP

INCLUDE US GAAP CODIFICATION (CITATIONS)

In 2010, the No-slice Golf Company decided to augment their very successful line of golf clubs with a new line of professional caliber golf balls. The executives at No-Slice were aware of the difficulty of penetrating the golf ball market but feel, with their name recognition and the possibility of receiving endorsements from tour professionals that were playing No-Slice clubs, chances for success were substantial. The company purchased $175 million of equipment and buildings in 2011 to begin production. The No-Slice golf ball has not performed up to expectations. The tour professionals did not care for the ball and did not endorse it. Significant improvements in golf balls by Callaway and Nike and the continued dominance of the Titleist ProV1 series made entering the market very difficult.

On July 1, 2017, the Board of Directors voted to sell off the golf ball manufacturing division. The company continued to operate the facility at current levels of production until the sale of the division was completed on June 1, 2018. No-Slice has a April 30 year end and the controller and CEO are concerned about the proper reporting for the disposal of the golf ball manufacturing division in the year-end April 30, 2018 financials. The company wants to issue the financial statements to the public by the end of June 2018.   You are to draft a report to the controller and CEO identifying the issues and accounting choices associated with reporting the disposal and the authoritative guidance that exists to determine the proper manner of reporting the assets, liabilities, and results of operation for the division.