Nancy Corporation agreed to sell its common stock to Eddie Corporation for five monthly payments of $100,000. Eddie Corporation made the first payment, but did not make any other payments. According to the stock subscription agreement, Eddie Corporation forfeits its payment and is entitled to no further consideration. How should Nancy Corporation account for the $100,000 forfeited payment?

Now we are on to Week 3.This week we are to identify the key terms and state why we believe each is relevant to the case.

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Week 1 -In a minimum of 5 to 7 sentences, describe your initial thoughts regarding the case and the challenges you feel you will face with regards to the depth and complexity of the issues that will be addressed.

Week 2 -In a minimum of 5 to 7 sentences, summarize the background of your case and indicate any assumptions that you are making regarding the case. Define your problem statement and research question(s).

Week 3 -In a minimum of 5 to 7 sentences, identify the key terms in your case, and state why you believe each is relevant to your case.

Week 4 -Gather data from multiple sources and present that data in one to two pages (12-point font, double-spaced). Be sure to document your sources.

Week 5 -Organize and interpret the findings of your research in one to two pages (12-point font, double-spaced).

Week 6 -Develop your recommendations and conclusions and state them and their rationale in one to two pages (12-point font, double-spaced).

Week 7 -Complete a peer review on your team members with the provided template.

Week 8 -Prepare a PowerPoint presentation communicating your case facts, authoritative literature, recommendations, and conclusion. Please add audio to the presentation either using the PowerPoint function or VoiceThread.