Category: Business Law

Order answer: Gamma Corporation has generated substantial cash flows from its manufacturing

Business Law

Order answer: Gamma Corporation has generated substantial cash flows from its manufacturing

Posted By George smith

Gamma Corporation has generated substantial cash flows from its manufacturing activities. It has only a moderate need to reinvest its earnings in existing facilities or for expansion. In recent years, the corporation has amassed a large investment portfolio due to management’s unwillingness to pay dividends.

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Order answer: Explain the Bardahl formula Why have some tax authorities said

Business Law

Order answer: Explain the Bardahl formula Why have some tax authorities said

Posted By George smith

Explain the Bardahl formula. Why have some tax authorities said that this formula implies a greater degree of mathematical precision than is actually the case? Does the Bardahl formula apply to service companies?

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Order answer: Different rules for calculating the accumulated earnings credit apply to

Business Law

Order answer: Different rules for calculating the accumulated earnings credit apply to

Posted By George smith

Different rules for calculating the accumulated earnings credit apply to operating companies, holding and investment companies, and service companies. Explain the differences.

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Order answer: Dunn Corporation is not a small corporation exempt from the

Business Law

Order answer: Dunn Corporation is not a small corporation exempt from the

Posted By George smith

Dunn Corporation is not a small corporation exempt from the AMT. Dunn’s CPA does not calculate the AMT because he knows that Dunn’s taxable income is less than the $40,000 AMT exemption amount allowed to corporations. Is the CPA correct in his belief? Explain.

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Order answer: Determine whether the following statements about the accumulated earnings tax

Business Law

Order answer: Determine whether the following statements about the accumulated earnings tax

Posted By George smith

Determine whether the following statements about the accumulated earnings tax are true or false: a. Before the IRS can impose the accumulated earnings tax, it need only show that tax avoidance was one of the motives for the corporation’s unreasonable accumulation of earnings. b. Long-term

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Order answer: The report of the federally commissioned Expert Panel on Securities

Business Law

Order answer: The report of the federally commissioned Expert Panel on Securities

Posted By George smith

The report of the federally commissioned “Expert Panel on Securities Regulation” (Hockin Report, 2009) recommended the creation of a single securities regulator for all of Canada. What are the arguments in favour of a single securities regulator? What are the arguments against a single regulator?
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Order answer: The acquittal of John Felderhof the former chief geologist for

Business Law

Order answer: The acquittal of John Felderhof the former chief geologist for

Posted By George smith

The acquittal of John Felderhof, the former chief geologist for Bre-X Minerals, and the settlement with Andrew Rankin, the former RBC Dominion Securities managing director (see page 371), represent serious setbacks for Canada’s largest securities regulator and raise important questions about securities regulation in Canada.

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Order answer: In Silver v IMAX Corp shareholders in a proposed class

Business Law

Order answer: In Silver v IMAX Corp shareholders in a proposed class

Posted By George smith

In Silver v. IMAX Corp., shareholders in a proposed class action against IMAX Corporation and certain directors and officers are seeking $500 million in damages and an additional $100 million in punitives. The shareholders allege that IMAX misrepresented its 2005 earnings revenue in press releases

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Order answer: Steering Clear Ltd is a manufacturer of an expensive automatic

Business Law

Order answer: Steering Clear Ltd is a manufacturer of an expensive automatic

Posted By George smith

Steering Clear Ltd. is a manufacturer of an expensive automatic helmsman, which is used to navigate ocean cruisers. Mr. Jones ordered such a helmsman on behalf of a company called Cruisin’ Ltd. The helmsman was supplied, but Cruisin’ Ltd. did not pay its account. Because

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Order answer: Sophie Smith has an opportunity to open a designer shoe

Business Law

Order answer: Sophie Smith has an opportunity to open a designer shoe

Posted By George smith

Sophie Smith has an opportunity to open a designer shoe store in a new mall. She believes that the shoe store will be quite lucrative because of the mall’s location adjacent to a condominium development catering to young professionals. To take advantage of favourable tax

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