Poll Corp Essay

1477 words - 6 pages

Memorandum to the File
Date: August 1, 20XX
From: Carie Ford
Re: Summarize the tax issue/purpose of the memo.
Provide a concise yet complete overview of facts/background.
State the issue(s) in question format.
Authoritative Guidance
List all authoritative guidance used to form conclusion and analysis. Refer to p. 718 in your tax textbook for citation reference guidance.
Discuss each issue separately. Describe the logical, defendable, legal alternatives to each issue/problem. Provide support and detail for your reasoning.
...view middle of the document...

” case. Only complete requirements #1 and #2. You will NOT be conducting IFRS research (requirement #3) for this assignment.
This is an individual assignment. Prepare a research memorandum following the format and example discussed in class. Please note a general format for research memos is also posted in the Lectures folder in Blackboard.
Remember to upload a copy of your completed assignment through Blackboard and bring a hard copy to class as well. If you have any questions while completing the assignment, please call, email, or visit Dr. Ford. Copyright 2010 Deloitte Development LLC All Rights Reserved. (FY11)

A few comments about the research assignment due on Monday:
* Vintage year means the first year the allowance may be used
* I suggest skimming chapter 23 of your Intermediate textbook, paying careful attention to the definitions of operating, investing, and financing activities
* You will not find specific guidance on EAs in the Codification. Instead, focus on what defines each of the three classifications.
Case 2
Polluter Corp.
Polluter Corp. (the “Company”), an SEC registrant, operates three manufacturing facilities in the United States. The Company manufactures various household cleaning products at each facility, which are sold to retail customers. The U.S. government granted the Company emission allowances (“EAs”) of varying vintage years (i.e., the years in which the allowance may be used) to be used between 2010 and 2030. Upon receipt of the EAs, the Company recorded the EAs as intangible assets with a cost basis of zero, in accordance with The Federal Energy Regulatory Commission (“FERC”) accounting guidance for EAs. The Company has a fiscal year end of December 31.
As background, in an effort to control or reduce the emission of pollutants and greenhouse gases, governing bodies typically issue rights or EAs to entities to emit a specified level of pollutants. Each individual EA has a vintage year designation. EAs with the same vintage year designation are fungible and can be used by any party to satisfy pollution control obligations. Entities can choose to buy EAs from, and sell EAs to, other entities. Such transactions are typically initiated through a broker. At the end of a compliance period, participating entities are required to either (1) deliver to the governing bodies EAs sufficient to offset the entity's actual emissions or (2) pay a fine.
The Company currently emits a significant amount of greenhouse gases because of its antiquated manufacturing facilities. The Company plans to upgrade its facilities in 2014, which will decrease greenhouse gas emissions to a very low level. On the basis of the timing of the upgrade, the Company currently anticipates a need for additional EAs in fiscal years 2010–2014. However, upon completion of the upgrade, the Company believes it will have excess EAs in fiscal years subsequent to 2014 because of reduced emissions as a result of the upgrade.

Other Papers Like Poll Corp

Analyzing Barack’s Obama Campaigning for President 2012

3880 words - 16 pages Indiv. Contrib. $315,192,451 Large Indiv. Contrib. $223,763,915 Small Indiv Contrib. $234,388,190 Small Indiv Contrib. $80,058,900 Other $181,787,848 Other $148,774,674 Top Contributors BARACK OBAMA MITT ROMNEY University of California $1,350,139 Goldman Sachs $1,045,454 Microsoft Corp $815,645 Bank of America $1,017,652 Google Inc $804,249 Morgan Stanley $920,805 US

Abaya Clan of Cavite Essay

3407 words - 14 pages Involvement | |Aguinaldo Property Holdings (spouse) |Kawit, Cavite |Incorporator | |Eye Magic Adventures Inc. (conjugal) |Metro Manila |Incorporator | |Grayline Ventures Management Corp. - property |Mandaluyong,  Metro Manila |Incorporator | |development

Land Tax In Malaysia

1878 words - 8 pages will be imposed taxes is determined based on soil location zone (HR & Widiastuti, 2012). Nezhad stated that kharaj tax imposed on landowner are based on the following principles which are the income elasticity of demand for the land corp, the productivity ranking of the land, the condition of the land with taking into account the market and the cost of irrigation (Nezhad, n.d.). 2.0 LITERATURE REVIEW Abdul Azim Islahi expressed that kharaj

Carlos Ghosn

1468 words - 6 pages candidate in Lebanon.[18] In a June 2011 survey by insurance company AXA, Ghosn was ranked seventh in a random poll asking Japanese people, "Which celebrity do you want to run Japan?" (Barack Obama was No. 9, and Japan's own prime minister Naoto Kan was No. 19.)[19] He has so far declined such overtures, saying he has "no political ambitions."[20] Career In 1981, Ghosn joined French automotive supplier Michelin as a plant manager in Le Puy

Walmart in China

3149 words - 13 pages ways, making the international environment of growing concern to managers everywhere. Pg 64 Major part of the organization’s internal environment—corporate culture. Pg 64 Corp. culture is the internal env. shaped by ext. env. The concept of culture helps managers understand the hidden, complex aspects of organizational life. Corp. culture = how well organization will adapt to ext. env. Pg 76 It’s also analyzed on 3 levels. 1

General Knowledge

4386 words - 18 pages cutting rates once more before end-Q1 2017 | Economists lower GDP growth estimates | Inflation on track to meet RBI's March 2017 target * Raghuram Rajan, Governor, Reserve Bank of India PTI The Reserve Bank of India is forecast to cut its main lending rate just once more over the next 18 months, despite weak inflation and a slowing economy, according to a Reuters poll. Weakening inflation and concern that a China-led global slowdown was weighing on


2525 words - 11 pages Contract VAI WC Furniture Pumps MHBD Chemicals Construction PM VSGL LTR Water Poll. Low Low High Capability Priority Watch / Improve Non priority 23 Pocket margin analysis helps in improving realisations without increasing list price POCKET MARGIN ANALYSIS Theory 24 Build Up (Waterfall) analysis helps understand how an aggregate entity stacks up WATERFALL ANALYSIS Case All figures in Rs. Cr Material Cost Sales and

Employee Privacy Rights in the Workplace

3174 words - 13 pages recent poll, “. . . over 66% percent of those surveyed had used the Internet from work in the past 24 hours.” (M.Lee Smith Publishers, Hospitality Workforce Trends, January 2000) In addition, when issues in his or her personal life impact an employee’s work, the employer must make judgments as to the appropriate level of involvement. Lastly, as traffic on the “information superhighway” continues to explode a number of substantive questions

Organization Final

4077 words - 17 pages fact, Welch insists that at least 25% of the employees receiving options should be getting them for the first time, and no more than 50% of the executives should get more than three grants in a row. Of course, General Electric success is hardly Welch’s alone. The Company boasts what most headhunters believe to be the talent-rich management bench in the world. Gary C. Wendt has led GE Capital Corp. to extraordinary heights, where it contributes

Ford Paper

4517 words - 19 pages standards made a distinction between cars and light trucks. (SUVs count as trucks because of their weight and off-road capability.). Proposals to hold SUVs to the same standards as cars are usually killed by a coalition of union-backed Democrats and industry-backed Republicans, even though 70% of those surveyed in the TIME/CNN poll said Congress should require SUVs to get better gas mileage.[29] Since the gas prices went up and sport utility

Reliance Telecom

4135 words - 17 pages : | |Conferred the ‘CEO of the Year 2004’ in the Platts Global Energy Awards | |Rated as one of ‘India’s Most Admired CEOs’ for the sixth consecutive year in the Business Barons – TNS Mode opinion poll, 2004 | |Conferred ‘The Entrepreneur of the Decade Award’ by the Bombay Management Association, October 2002 | |Awarded

Related Essays

Corporate Governance Essay

2171 words - 9 pages unauthorized usage of assets and to maintain proper records for the assets. * However, the agency issue among listed companies in Malaysia lies within the controlling shareholder. Expropriation of …. * However, companies such as YTL Corp, Celcom, Yeo Hiap Seng, which are controlled by individuals with strong political connections or family owned companies, usually do not disclose accurate executive remuneration packages. Hence, agency costs may

Law485 Chapter 7 Essay

1179 words - 5 pages art 54 states that by providing a show of hands each member or representative of a member has one vote. - Case: Bin Hee Heng V Management Corp Strata Title No 647 was held that the term ‘show of hands’ included a ‘voice vote’ - S146(1)-Any provision in the articles excluding the rights is void d. Proxies - It is a person authorized to vote on behalf of the appointing member. It also describes the instrument

Car Companys Think They Should Get Saved

848 words - 4 pages slim. "I just don't think we have the votes to do that now," he told The Associated Press. The Big Three are struggling to stay afloat during the longest economic downturn in at least a quarter century, a steep decline in sales and a tight credit market. The three burned through nearly $18 billion in cash reserves during the last quarter. The bailout remains unpopular with the public. Sixty-one percent oppose providing the auto companies with billions in federal assistance, according to a CNN-Opinion Research Corp. poll released on Wednesday. Fifty-three percent said it would not help the country's economy.

Industrial Relations Essay

3204 words - 13 pages establishment whose period of employment is greater than 3 months. * Facilitate the registrar for verification of the lists submitted by him and the trade unions. * Provide facilities in his establishment for the conduct of the poll and shall not interfere and influence the voting. 3. The registrar shall prepare a list of voters (members of contesting unions) and send its certified copy to each of the contesting trade unions at least 4 days