The manger of Incorporation A was transferred between multiple stores of city C. He did not suffer any kind of loss in his payments or responsibilities due to the frequent transfers. However, an EEOC complaint was filed by him against the incorporation claiming that it intended to make the store ‘predominantly Hispanic’. To find : The primary sources of the court’s decision in the provided case.

Question

I cannot figure out the account of "Goodwill" or "APIC from Pushdown Accounting." I thought APIC should be $285,000, but it didn't work for some reason. And I didn't know we had goodwill, but we do, and I can't figure out how to get the correct answer. I tried $350,000 for APIC, but that also doesn't work, and I am at a loss of what to do next. Please explain as clearly as possible how to do Goodwill and the APIC from Pushdown Accounting. Thanks so much! :)

Answer 1

Question

100%

Chapter 1, Problem 5BCP

Summary Introduction

Case summary:

The manger of Incorporation A was transferred between multiple stores of city C. He did not suffer any kind of loss in his payments or responsibilities due to the frequent transfers. However, an EEOC complaint was filed by him against the incorporation claiming that it intended to make the store ‘predominantly Hispanic’.

To find: The primary sources of the court’s decision in the provided case.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

I cannot figure out the account of "Goodwill" or "APIC from Pushdown Accounting." I thought APIC should be $285,000, but it didn't work for some reason. And I didn't know we had goodwill, but we do, and I can't figure out how to get the correct answer. I tried $350,000 for APIC, but that also doesn't work, and I am at a loss of what to do next. Please explain as clearly as possible how to do Goodwill and the APIC from Pushdown Accounting. Thanks so much! :)

3) A startup firm, Pocket International, has come up with a tiny programmable computer, NerdCom Mini Air, that sells for $49.99. The firm estimates that the programmable computers have an expected life that is exponential, with a mean of 24 months. The firm wants to estimate the probability that the NerdCom Mini Air will have a life that ends: a) after the initial 24 months of service. b) before the 24 months of service is completed. c) not before 48 months of service. Note: You could work out the problem by hand or use excel; in chapter 4S, section 4S.2 of the Stevenson text, reliability (finding the probability of functioning for a specified length of time) is covered with examples; chapters 4 & 4S Stevenson lecture power point slides 33 to 38 (chapters 4 & 4S lecture: 32.30 mins to 38.56 mins) cover reliability over time with examples.

I am currently interning at Lakes Counseling Services it is an autism center. Position is Human Resources intern. However, my major is Health Service Management, so I would like the position description to align more closely with health services and administration. Can you do Roles/responsibilities