PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Textbook Question
Chapter 1, Problem 3QD
In staffing their offices, some firms encourage in-house referrals (recommendations of their present employees). What are some possible objections to this practice as a means of obtaining job applicants? What advantages may be realized by the firm that uses in-house referrals?
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Swifty Corporation had 2025 net income of $1,169,000. During 2025, Swifty paid a dividend of $2 per share on 87,850 shares of
preferred stock. During 2025, Swifty had outstanding 301,000 shares of common stock.
Compute Swifty's 2025 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.)
Earnings per share
GA
$
per share
GFH Decorators, a partnership, had the income and expenses shown in the spreadsheet below for the current tax year. Identify whether each item is an "Ordinary Business Income" item (reported on Page 1, Form 1065), a "Separately Stated Item" (reported on Schedule K, Form 1065), or both. Enter the value of ordinary income items in column C and the value of separately stated items in column D. Note that not all the cells in either column C or D will have values. If a response is zero, leave the cell blank.Use a minus sign to enter negative values.
A
B
C
D
1
Ordinary Business Income
Separately Stated Items
2
Fee revenue
$600,000
3
Dividend income
$2,000
4
Capital gain distributions
$10,000
5
Charitable contributions (cash)
($500)
6
Salaries to employees
($150,000)
7
Partner guaranteed payments
($75,000)
8
MACRS depreciation on office furniture
($3,000)
9
Total ordinary business income
$0
explain why preferred stock is referred to as a "hybrid security"?
Chapter 1 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 1 - Prob. 1MQCh. 1 - Prob. 1QRCh. 1 - Prob. 2QRCh. 1 - Prob. 3QRCh. 1 - Prob. 4QRCh. 1 - Prob. 5QRCh. 1 - Prob. 6QRCh. 1 - Prob. 7QRCh. 1 - Prob. 8QRCh. 1 - Prob. 9QR
Ch. 1 - Prob. 10QRCh. 1 - Prob. 11QRCh. 1 - Prob. 12QRCh. 1 - Prob. 13QRCh. 1 - Prob. 14QRCh. 1 - Prob. 15QRCh. 1 - Prob. 16QRCh. 1 - Prob. 17QRCh. 1 - Prob. 18QRCh. 1 - Prob. 19QRCh. 1 - Prob. 20QRCh. 1 - Prob. 1QDCh. 1 - Prob. 2QDCh. 1 - In staffing their offices, some firms encourage...Ch. 1 - The main office of a large bank has an annual...Ch. 1 - Prob. 5QDCh. 1 - Prob. 1CP
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