Dividends received by a domestic corporation from shares in another domestic corporation are exempt from income tax.

Q: difference between a financial accountant and a managerial accountant

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A: Expected return It is the profit or loss that an investor estimates on an investment that has known…

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Q: From the following particulars prepare a claim for loss of profits under the Consequential Loss…

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A: The question asked to compute the amount of income tax expense recognized in the consolidated income…

Q: 000 If a government hospital gets unrestricted donations that are not a part of a hospital's major…

A: A non-operating gain is a type of gain that does not arise from the main course of business. These…

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A: INTRODUCTION: Depreciation is an accounting technique that distributes an asset's cost over its…

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A: Days to Collect Accounts Receivable means A company wants to assess the effectiveness of a company's…

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A: The question is related to the Budgets. The question is related to which statement is true.

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A: Sunk cost is the cost which had already been incurred or spent by the entity and cannot be recovered…

Q: i started an icecream company called chills and fruit in which iam the accountant/owner for this…

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Q: Buffalo Company offers a set of building blocks to customers who send in 3 UPC codes from Buffalo…

A: Journal entry is the primary step to record the transactions in the books of accounts. Adjustment…

Q: Snellville Co. reports the following data: Sales Variable costs Contribution margin Fixed costs…

A: OPERATING LEVERAGE Operating Leverage is the leverage arising from fixed operating costs.…

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A: Answer Calculation of lease liability Year's cash flow PVF @5© PV of cash flow 0 $26000 1…

Q: Your company sells equipment for $85. The equipment was listed at $100 on your company's Balance…

A: Noncash expenses are business expenses that do not require the expenditure of cash. Noncash expenses…

Q: How does a company determine the acquisition cost of an asset when it acquires the asset in exchange…

A: INTRODUCTION: The acquisition cost refers to the amount paid for fixed assets, expenditures…

Q: The supplies account had a beginning balance of $1,750. Supplies purchased during the period totaled…

A: Modifications to previously recorded journal entries are referred to as adjusting entries. They make…

Q: Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1,…

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Q: Gizmo Inc. purchased a one-year insurance policy on October 1 for $5,640. The adjusting entry on…

A: Adjusting entries are changes made to previously documented journal entries. They ensure that the…

Q: The controllers of Teal Mountain, Inc. and Indigo Corp. both ask you whether their companies can…

A: An organization's assets, liabilities, and equity are listed on a balance sheet, which is a…

Q: The​ risk-free rate is currently 3.3​%, and the market return is 14.8​%. Assume you are considering…

A: The capital asset pricing model is a model used to determine a theoretically appropriate required…

Q: Suppose that the Fed wants to lower long-term interest rates and buys all the Treasury securities…

A: If the Fed buys all the Treasury securities that banks hold, it will increase the assets on its…

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A: cost volume profit analysis (CVP analysis) is used to determine many factors such as 1)desired…

Q: 1. Find the subtotal and total deposit Cash Currency Coins Checks List Separately 117-4 71-97…

A: SUBTOTAL DEPOSIT Subtotal Deposit is Computed :—  = Currency Deposit + Cash Deposit + Check…

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Q: product cost

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Q: O O $48,800 $85,000 $86,000 $118,800

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Q: Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs…

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A: Some of the factors affecting dividend policy of a firm or company or business are as follows: 1.…

Q: 5,000. Write (1) Journal Entries, (2) ledgers and (3) Trial balance for the transactions.

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A: Weighted Average Method In this inventory costing technique, an average cost has been allocated to…

Q: Question 6. John  & Co. purchased machinery for $21,000 on 1st April 2021. The estimated life of the…

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Q: Which of the following are characteristics of a gift tax charitable deduction? It is only for the…

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A: From the given information, Total overhead = $268,698+ $37,324+ $633,895 = $939,917 Overhead applied…

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Q: For 2022, Jackie reported the following in relation to the primary income of the business…

A: Every individual is required to file income tax return quarterly as well annually. The standard…

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A: Equivalent units are computed when there in beginning and ending work in progress Inventory can be…

Q: Question,7. On 1st April, 2017, Grand Led. Purchased a machinery for $3,00,000 and incurred $21,000…

A: Lets understand the basics. Depreciation is a reduction in value of asset due to wear and tear,…

Q: Assume ShoeFanatic.com began March with 10 units of inventory that cost a total of $170. During…

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Q: 27. The following information was extracted from the books of XYZ traders for the period ended…

A: Accounting indicates a process of identifying, evaluating, and recognizing business-related monetary…

Q: An investor owns some stock in​ Harry's Pottery Inc. The stock recently underwent a 5​-for-4 stock…

A: Shares  Shares are defined as the monetary securities signifying the capital of company. It is…

Q: A company normally sells it products for $20 per unit, which includes a profit margin of 25%.…

A: Inventory value is the total dollar value of the inventory you have left to sell at the end of an…

Q: The 40% optional standard deduction available to a domestic corporation is multiplied against the…

A: False. The 40% optional standard deduction available to a domestic corporation is not multiplied…

Q: The answer is, $4,880, you forgot to add the mileage.  Mileage is .16 X 500= $80 + $4,800= $4,880

A: The government allows an individual to take a deduction of any amount spent on medicare services.…

Q: Cost-volume-profit analysis is used to make many decisions, including product pricing and…

A: The cost volume profit analysis is used to assess how the firm’s profit is affected if there is a…

Q: Cash at bank as per bank column of the cash book (Dr) Bankings made but not yet entered on bank…

A: Cash Book - All cash receipts and outlays, including bank deposits and withdrawals, are recorded in…

Q: a) Appiah Company is a manufacturer of office desks. It uses a standard absorption costing system to…

A: Note: Since sub-parts i), ii) & iii) have been already answered in the original question, the…

Q: Debts of $850 due in six months, $700 due in sixteen months, and $1100 due in three years are to be…

A: Time value of money is a concept of interest consideration in a transaction. Present value is…

Q: On May 5, 2019, MacDougal Corp. exchanged 2,000 shares of its P25 par value ordinary treasury shares…

A: As per IAS 38 Initial measurement of Intangible Assets should be done at cost.