On January 1, 20X5, Meadow Inc. and Lark Inc. formed a joint venture called MLK Ltd. Meadow invested plant and equipment with a carrying value of $500,000 and a fair value of $800,000 for a 30% interest in the venture. Lark contributed assets with a fair value of $2,000,000 (including $200,000 in cash) for a 70% stake in MLK. The fair value of the assets contributed by Lark was the same as their carrying value. MLK reported net income of $100,000 for 20X5. Meadow’s plant and equipment were estimated to provide an additional five years of utility to MLK. Both companies pay income tax at a rate of 20%, and both companies, as well as the joint venture, have a December 31 year end. Assume that the transaction has commercial substance. Required:
What is the unrealized gain net of taxes arising from the transfer of Meadow’s assets toMLK on January 1, 20X5?

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

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Suppose a jury of 12 people is chosen from the above pool, and this jury hears a case and discusses the verdict; x is the number who think the defendant is guilty.