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2 years ago

10

True or false: Special consolidation warehouses are used when shipments from various sources are pulled together and combined in

to larger shipments with a common destination or into smaller shipments to deliver locally.

1 answer:

lisabon 2012 [21]2 years ago

5 0

Answer:true

Explanation:

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Telfer, Inc. reported net income of $2.7 million in 2020. Depreciation for the year was $162,300, accounts receivable decreased

vovikov84 [41]

Answer:

See below

Explanation:

Computation of net cash provided by operating activities using the indirect method

Cash flow from operating activities

Net income

$2,700,000

Adjustments to reconcile net income

Add: Decrease in accounts receivable

$357,400

Less: Decrease in accounts payable

$296,500

Add: Depreciation expense for the year

$162,300

Net cash provided by operating activities

$2,923,200

5 0

3 years ago

Turkey Corp., a cash basis calendar year C corporation in Savannah, Georgia, has $100,000 of accounts receivable on the date of

Viefleur [7K]

Answer:

The correct answer is $24,500.

Explanation:

According to the scenario, the given data are as follows:

Total Account receivable = $100,000

Amount collected = $70,000

So, if there is sufficient taxable income, then assume tax rate to be 35%.

So, we can calculate the Gains tax by using following formula:

Gain tax = Amount collected × Tax rate

By putting the value, we get

Gain tax = $70,000 × 35%

= $24,500.

5 0

3 years ago

Paquette purchased a building and land and immediately tore down the building how should they record the expense?

hammer [34]

Paquette purchased

federalism

a building and land and immediately tore down the building

Reconstruction

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Reconstruction

failed by most other measures: Radical Republican legislation ultimately failed to protect former slaves from white persecution and failed to engender fundamental changes to the social fabric of the South. When President Rutherford B.

federalism

debate that had been an issue since the 1790s almost mediately . Hayes removed federal troops from the South in 1877, former Confederate officials and slave returned to With the support of a conservative Supreme Court, these newly empowered white southern politicians passed black codes, voter qualifications, and other anti-progressive legislation to reverse the rights that blacks had gained during Radical Reconstruction. The U.S. Supreme Court bolstered this anti-progressive movement federalism with decisions in the Slaughterhouse Cases, the Civil Rights Cases, and United States v.

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Reconstruction

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2 years ago

If you are an employee at a local hotel where is the best place to find information regarding the policies and procedures of

tino4ka555 [31]

D. Because if your a employee and go in the lounge you can find stuff in the room

7 0

3 years ago

Read 2 more answers

Grand River Corporation reported pretax book income of $620,000. Included in the computation were favorable temporary difference

Alex

Answer:

The corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

Explanation:

Details Amount ($)

Pretax book income 620,000

Favorable temporary differences (160,000)

Unfavorable temporary differences 106,000

Favorable permanent differences <u> (152,000) </u>

Adjusted income 414,000

Tax expenses (at 21%) <u> (86,940) </u>

Profit after tax <u> 327,060 </u>

Therefore, the corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

7 0

3 years ago