Preferred stock

restated the finances for 2010 and 2011 fiscal years” (Wall Street Journal, 2014). “The company’s share once reached $90 a share dropped to $17” (SEC, 2014). The deal fell through with Procter & Gamble because Diamond could not maintain a healthy stock price. It was hard to prove whether the payments were intentionally recorded in the wrong year because the walnut growers deliver at the end of the year but payments are made throughout the year. The company had also started using contracts with…

Coal companies are making big bucks by digging up land in search of coal and in the process they’re barely cleaning up the mess they made. They have the money to do the cleaning up, but they don’t want to pay it. Even regulators are fearing a one billion dollar coal cleanup bill. If it was up to the coal companies they would leave the $1 billion bill for the taxpayers to deal with. Michael Corkery states that, “ The regulators worry that coal companies will use the bankruptcy courts to pay off…

Arbor's Oklahoma City Office Originates Nearly $30 Million in Loans Arbor Commercial Mortgage, LLC (“Arbor”), national direct commercial real estate lender, announced in November that it funded six loans totalling nearly $30 million. Under the Fannie Mae DUS Small Loan, Freddie Mac Small Balance Loan, and FHA 223(f) programs, the mortgage company was able to secure the funding across multiple cities in Michigan -- with Vice President Mike Jehle of Arbor’s Oklahoma City office originating the…

Performance As of April 10, 2009, there were approximately 14,700 shareholders of record of common stock. Company did not pay dividends in fiscal 2009 and fiscal 2008. Krispy Kreme Doughnuts retained any earnings to finance business and did not anticipate paying cash dividends in the foreseeable future. Furthermore, the terms of secured credit facilities prohibit the payment of dividends on common stock. No purchases were made by or on behalf of the Company of its equity securities in fiscal…

To request approval to procure contracts for the provision of guardianship services for Department of Aging and Disability Services (DADS) wards in areas of Texas not currently being served. In 2004, The Department of Family and Protective Services transferred the Guardianship Program to DADS through a memorandum of Understanding. House Bill 6, 79th Legislature Regular Session, 2005, transferred statutory authority to DADS effective September 1, 2005. Rules relating to the DADS Guardianship…

Question 2: STANK & VISTA A & B: Yes, Angel will prevail. Based on this scenario, neither Stank nor UNIC took any actions regarding the purchase of Greenacre from Vista Property, which Stank has personal interest in. According to Miller, directors and officers have the “Duty of Loyalty” which “requires directors and officers to subordinate their personal interests to the welfare of the corporation. For instance, a director should not oppose a transaction that is in the corporation’s best…

Based on the review of the annual report, the analysis of 10-k form, and the analytical procedures, I have concluded some substantive procedures about investments in unconsolidated businesses, non-controlling interests, related parties, and common stock with related valuation, existence and completeness, existence, and valuation assertion, respectively. Assertion Test of controls Substantive…

IMPACT OF INSIDER TRADING LAWS IN AUSTRALIA 1.0 INTRODUCTION Securities law in Australia is predominantly governed by the Corporations Act 2001(the Corporations Act). On the other hand, the Australian Securities and Investments Commission (ASIC) is charged with the mandate of regulating the securities market with insider trading being a current priority. The Australian insider trading provisions are notoriously difficult to comprehend as they poise a conundrum in definitions of insider trading…

Wealth is portrayed a great deal throughout F. Scott Fitzgerald’s “The Great Gatsby”. The narrator, Nick, observes how people react to and change their manners when they are exposed to wealth. Every character has different views on money based on how and where they grew up. Jay Gatsby, for example, views becoming rich as the way to winning over Daisy’s heart and finally being with her. He grew up on a poor farm, never experiencing wealth as a child. Because of his need to prove himself to Daisy,…

George Nash, Desperate Air Corporation (DAC)’s Vice President is facing an ethical dilemma. The company was desperate to generate cash after experiencing substantial losses, had a negative cash flow, and bankruptcy looms. The company planned to sell its undeveloped property to Fledgling Industries. Nash gave a report of environmental audit of the property, which showed that the property had no problem to the Fledging representative. However, during the negotiation process, Nash was informed that…