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?

Requirement:-

WEEK-7 Using the guidelines above prepare a comprehensive research memorandum on the case. The Standard is three pages.

ACCT 540 Research Memorandum Grading Rubric
Course Objective
Using the research analysis performed in CO E and the conclusions
and recommendations from CO F, in APA format, prepare a written
report of the findings and a memo summarizing the research results,
and present the conclusions and recommendations to the client.
Grading RubricWeek 7 Research Memorandum
	Possible	Criteria and Point Range
	Points
		010	1120	2125	2630
Introduction/Facts
	30	Facts are not properly identified.	Some of the facts are identified. Introductory comments are not sufficient.	Most facts and issues are identified. Introductory comments are not clear.	Facts are clearly identified. Introductory comments provide sufficient background on the topic.
		030	3160	6171	7280
Main Content
	80	The analysis is not appropriate relative to the facts presented.	Some of the analysis is supported by research.	Most of the analysis is supported by research.	The main content is rigorously supported by research. The analysis is appropriate based on the facts of the case.
		020	2140	4150	5160
Conclusion and Recommendation
	60	The conclusion is not appropriate based on the analysis.	The recommendation is not appropriate based on the conclusion.	Conclusion and recommendation may be appropriate but do not bring closure to the case.	Conclusion and recommendation follow logically from the body of the paper and bring closure to the case.
		010	1120	2125	2630
Grammar and Organization
	30	Paper does not appear professional, and there are numerous grammar and spelling errors.	Paper does not appear professional, and there are some grammar and spelling errors.	The paper appears professional, and there are minor grammar and spelling errors.	The paper appears professional and is reader-friendly.

I want a three-page answer before June 16.