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write an essay addressing a low income, welfare life style comparing two budgets, one with Temporary Assistance for Needy Families (TANF) and Food stamp benefits only and the other with benefits and a minimum wage income. Students will be given a realistic monthly budget for a TANF (welfare) parent and […]

1.   Assume that the transactions listed below are anticipated by U.S. firms that have no other foreign transactions.  Place an “X” in the table wherever you see  possible ways to hedge each of the transactions.   a.   Georgetown Co. plans to purchase Japanese goods denominated in yen. b.   Harvard, […]

Describe elements of a centrifugal compressor, principles of operation, variation of pressure and velocity. Entrance velocity triangles, velocity triangles at the eye hub and the tip, pre rotation and pre-whirl. Describe diffusers (vanned and vaneless) and volute casing. Describe Degree of Reaction(R), effects of exit blade angle, different vane shape […]

1 MGA 404 Project Spring 2015 Due March 31 Applications of Acquisition Accounting Look at Verizon Communications’ 2014 10?K to answer the following questions.  Express all dollar amounts in millions. 1. In February 2014, Verizon bought from Vodafone the remaining 45% of Verizon Wireless that it did not previously own. a. Did Verizon revalue Verizon Wireless’ assets and liabilities as a result of this acquisition? Why or why not?  Cite Codification to support your answer. b. As a result of this transaction, what was the effect on Verizon’s noncontrolling interest account, reported on its consolidated balance sheet?  Give the amount and direction of the change. 2. Verizon sold its 23.1% interest in Omnitel in 2014. a. What method did Verizon use to report its investment in Omnitel prior to selling it? b. Verizon reported a gain on the sale.  What was the amount of the gain?  In what account did Verizon report this gain?  Identify the exact title of the account, as reported by Verizon. 3. After increasing its interest in Verizon Wireless to 100%, Verizon still reports some noncontrolling interests in wireless partnerships and other subsidiaries. a.  What is 2014 total comprehensive income to the noncontrolling interests?  How much of this is noncontrolling interests in net income, and how much is noncontrolling interests in other comprehensive income? b. Verizon reports basic earnings per share of $2.42.  What earnings number was used to compute this number? c. Assume what Verizon calls “distributions and other” consists entirely of dividends.  Prepare eliminating entry N necessary to consolidate Verizon with its subsidiaries. Use Comcast’s 2014 10?K and Time Warner Cable’s 2014 10?K to answer the questions below. In February 2014, Comcast agreed to buy TWC. 4. In its 10?K, Comcast discloses that, related to the TWC merger, it committed to repurchase about $2.5 billion in shares after shareholder approval of the merger.  What is the motivation behind this repurchase? 5. TWC shareholders will receive 2.875 shares of Comcast Class A common stock for each share of TWC they hold. a. Comcast does not know the exact amount of its acquisition cost.  Why?  Cite Codification to support your answer. b. […]