Answer:
3.75%
Explanation:
Purchase price of the stock = $32
Total return on the stock:
= Purchase price of the stock × Total return
= 32 × 14.62%
= $4.6784
Dividend gain on the stock:
= Purchase price of the stock + Total return on the stock - capital gain - Purchase price
= $32 + $4.6784 - $3.48 - $32
= $1.1984
Dividend yield:
= Dividend gain on the stock ÷ Purchase price of the stock
= $1.1984 ÷ 32
= 3.75%
Answer:
$7,500
Explanation:
Taxable income:
= Income from operations + Dividends received - Expenses from operations
= $200,000 + $15,000 - 140,000
= $75,000
Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.
Therefore,
Kingbird's charitable contribution deduction:
= 10% of Taxable income
= 0.1 × $75,000
= $7,500
Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
For Jan.1,2020 value = $626,400
Interest rate = 7%
So, we can calculate the amount of bond interest expense by using following formula:
Interest Expense = Carrying Value × Market Interest Rate
By putting the value of following
Interest expense = $626,400 × 7%
= $626,400 × 0.07
= $43,838
Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.
Answer:
The tax deduction of the contributions.
Explanation:
The claiming of tax deduction of all money raised for the natural disaster in California. Since the Ladies Aid Society is presumably, a non-profit organization then its contributors may claim tax deduction, on their contributions according to Iowa State.
Explanation:
I guess? I cant tell ....
