Cash 60000
Office Equipment 25000
To Common Stock 85000
(Being Cash and equipment introduced in business)
Land $40000
Building $160000
To Cash $30000
To Long Term Note Payable $170000
(Being Land and Building purchased partly by cash and long term note payable)
Office Supplies 2000
To Accounts Payable 2000
(Being Office Supplies Purchased on credit)
Automobile 16500
To Common Shares 16500
(Being Automobile introduced in lieu of share)
Office Equipment $5600
To Accounts Payable $5600
(Being Office Equipment Purchased on credit)
Salary $1800
To Cash $1800
(Being Salary Paid in cash)
Cash 8000
To Sales 8000
(Being Sales made in cash)
A SWOT does put priority on market research.
True
Answer:
$ 2,103,479
Explanation:
Maximum total depreciation deduction $ 2,103,479 Chaz Corporation has taxable income in 2020 of $368,000 for purposes of computing the §179 expense and acquired the following assets during the year: Assume CARES Act applies.
Answer:
d. $132,000
Explanation:
Sigma Corporation holds the stock of Epsilon Corporation and is subsidiary for the Sigma. The dividend declared by of $100,000 is entirely for the sigma whereas Sigma Corporation also holds 20% of the shares of Intergalactic Corporation. The dividend of $40,000 will be calculated in the dividend amount of Sigma but 20% will be deducted.
$100,000 + $40,000 * 80% = $132,000
Answer:
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Explanation:
