In internal succession, buyers will sometimes consider the
purchase only if the selling CPA has already successfully transitioned client relationships and responsibilities to other firm members, including the buyer.
Customers want and often demand fast and individualized service, with
purchase orders fulfilled as soon as they arrive.
HCWH has influenced the largest for-profit hospital chain, HCA, to phase out its
purchase of mercury-containing medical products.
351 transaction as a
purchase when property is acquired in exchange for any cash or cash item, marketable stock or security or transferor's debt.
Purchase for $350,000 for a three story, mixed-use, walkup w/2 apts and 1 comm'l unit, located in Brooklyn, NY.
Some firearms traffickers obtain photo identification such as a driver's license in a state where they do not reside for the sole purpose of fraudulently proving residency to
purchase firearms.
Scenario 2: The same employee buys the $150 item directly from the vendor, using her corporate
purchase card, and gets it immediately.
Purchasing lead time is reduced by avoiding involvement of purchasing and accounts payable staff and avoiding the costly and time-consuming paperwork of requisitions and
purchase orders.
For example, the data do not include derailed information about the financial circumstances of loan applicants or the characteristics of the properties that applicants sought to
purchase, refinance, or improve.
Two problems have emerged: (1) The exemption is narrowly defined, such that many
purchases and sales must still be accounted for as derivative contracts, and, in any case, the effort to assess whether FAS 133 applies has not been obviated; and (2) applying the normal
purchase-and-sales exemption may mask a company's risks and opportunities.
