Willingham proposed to obtain an investment property for the tschiras at a "fair market price," lease it back from them, and pay the tschiras a guaranteed return through a management contract. using a shell corporation, the wellingham group bought a commercial property in nashville for $774,000 on december 14, and the very same day sold the building to the tschiras for $1,985,000. the title insurance policy purchased for the tschiras property by willingham was for just $774,000. willingham believes that the deal was legitimate in that they "guaranteed" a return on the investment. the tschiras disagree. in a lawsuit against willingham, what theory will the tschiras rely on? decide.

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phones. now, more cell phones are demanded at each price level. as a result of the increase in demand, the equilibrium price and the equilibrium quantity increases, decreases