Flounder corporation operates a retail computer store. to improve delivery services to customers, the company purchases four new trucks on april 1, 2020. the terms of acquisition for each truck are described below. 1. truck #1 has a list price of $38,550 and is acquired for a cash payment of $35,723. 2. truck #2 has a list price of $41,120 and is acquired for a down payment of $5,140 cash and a zero-interest-bearing note with a face amount of $35,980. the note is due april 1, 2021. flounder would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an incremental borrowing rate of 8%. 3. truck #3 has a list price of $41,120. it is acquired in exchange for a computer system that flounder carries in inventory. the computer system cost $30,840 and is normally sold by flounder for $39,064. flounder uses a perpetual inventory system. 4. truck #4 has a list price of $35,980. it is acquired in exchange for 910 shares of common stock in flounder corporation. the stock has a par value per share of $10 and a market price of $13 per share.

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Use the internet to research legal concerns that could result from increased use of technology in business. discuss some of these concerns.