BFS Limited has agreed to underwrite a forthcoming equity issue (at $6.15 per share which is equal to the current market price) by Australian Foundation Limited (AFI), a Listed Investment Company on the ASX. Any shares acquired by BFS must be held by them for at least 28 days before they can be disposed of. It is currently the start of April and BFS expects that they will have to purchase around 1m shares of AFI in mid-April but will dispose of the shares on market as soon as they are permitted under the underwriting agreement.

Explain how BFS can hedge, using futures contracts, the risk associated with any equity it acquires through the underwriting agreement. Include a worked example in your explanation.

[Answer word limit = 200 words]

1. Subsidiary Company reported the following net income and dividends for the years indicated:

Parent acquired 75% of Subsidiary’s common stock on January 1, 20X6. On that date, the fair value of Sub’s net assets was equal to the book value. Parent uses the equity method in accounting for its ownership in Sub and reported a balance of $259,800 in its investment account on December 31, 20X8.

1. What amount did Parent pay to acquire Subsidiary’s shares?

2. What was the fair value of Sub’s net assets on January 1, 20X6?

3. What amount will be assigned to the NCI shareholders in the consolidated balance sheet prepared at December 31, 20X8?

Bensen Company started business by acquiring $26,300 cash from the issue of common stock on January 1, Year 1. The cash acquired was immediately used to purchase equipment for $26,300 that had a $3,900 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume that all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $4,330 cash. Bensen uses straight-line depreciation. Year 1 Year 2 Year 3 Year 4 Year 5 Revenue $ 7,640 $ 8,140 $ 8,340 $ 7,140 $ 0 Required Prepare income statements, statements of changes in stockholders’ equity, balance sheets, and statements of cash flows for each of the five years.

The following events apply to Gulf Seafood for the 2016 fiscal year:

1. The company started when it acquired $34,000 cash by issuing common stock.

2. Purchased a new cooktop that cost $13,600 cash

3. Earned $20,600 in cash revenue.

4. Paid $12,100 cash for salaries expense.

5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, 2016, the cooktop has an expected useful life of five years and an estimated salvage value of $3,200. Use straight-line depreciation. The adjusting entry was made as of December 31, 2016.

a) Record the events in general journal format AND post to T-accounts.

cash, equipment, accumulated depreciation, common stock, sales revenue, salaries expense, depreciation expense

Please prepare the journal entries and provide explanations.

Holiday received $56,000 in municipal bond interest during 2017. Holiday also paid $17,400

in insurance premiums for a life insurance policy for the CEO on which Holiday is the

beneficiary. Holiday also paid $3,000 in insurance premiums on other key executives but

Holiday is not the beneficiary on these policies.

LL Bean Tries to Escape the Mail Order Wilderness - If you were the new CEO - What would you do to affect L.L. Bean's fortunes and return it to one of the Premiere Apparel Company's in the world? Utilize the articles and use as examples

this's article >> https://drive.google.com/file/d/1uF29woTJVteBC3WubT2Ha0YuSmKhWMsd/view?ths=true

1. How do the following topics: profit shifting, offshore tax havens, and money laundering relate, in your opinion, to the development of multinationals?
2. Why haven’t employee wages increased in a manner similar to CEO salaries?
3. If monopoly was considered a market failure, requiring government intervention, is it possible that multinationals are in fact another form of market failure?

As part of a rapidly growing firm located in the US, your CEO has asked you to find out more about US requirements for exporting. Using the following link, Export.Gov, describe what you find about common export documentation. Select at least one of the documents and describe its purpose in greater detail.

What is the role of a board of directors from an ethical governance standpoint? What is the role of CEO, Vice President, Manager, Supervisor, staff and administrative orall other employee groups of an organization. What is the ethical governance and accountability level of each group using all forms/norms or codes of ethics in today’s social and work environment.

Choose a firm that has been involved in a recent Foreign Corrupt Practice Act violations or the Sarbanes Oxley law violations controversy ( get 2018 recent event) - Analyze in 300-500 words

a) Describe the firm's operations

b) Identify the firm's CEO, CFO and external auditors

c) Denote the circumstances surrounding the violation.