At the end of the year, before distributions, bombay (an s corporation) has an accumulated adjustments account balance of $17,200 and accumulated e& p of $22,750 from a previous year as a c corporation. during the year, nicolette (a 40 percent shareholder) received a $22,750 distribution (the remaining shareholders received $34,125 in distributions). assume her stock basis is $45,500 after considering her share of bombay’s income for the year but before considering the effects of the distribution. required: a. what is the amount and character of gain nicolette must recognize from the distribution? b. what is her basis in her bombay stock at the end of the year?

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.