1 internation airport and its called the Ivory Coast
Answer:
taxable amount = $10,000
Explanation:
given data
2 year ago fair market value = $30,000
fair market value = $40,000
sold the stock = $50,000
solution
we get here taxable amount when ESOP sold
so taxable amount = Selling price - fair market value on distribution date ...........1
put here value
taxable amount = $50000 - $40000
taxable amount = $10,000 long term capital gain
Answer:
30.000
Explanation:
Income before taxes $300,000
Timing difference between books and Tax (A)
$100,000
Permanent difference cannot be considered for calculation of Differed tax liability or Deferred tax asset $40,000 (B) is zero
Total Timing deference (C=A+B) $100,000
Tax rate enacted for future (D) 30%
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Differed tax liability (C*D) $30,000
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Answer:
a. 1.5 and 1.8
b. Montana
Explanation:
Below is the calculation for the current ratio:
a. Formula used, Current ratio = Current assets / Current liabilities
Current ratio of Kansas = 59000 / 40000 = 1.5
Current ratio of Montana = 78000 / 43000 = 1.8
b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.
Explanation:
Since the cash flows are given in the question for the Investment A and the Investment B
So, the present value could be find out by multiplying the each year cash inflows with its discounted factor i.e 9%
So that the present value could come
The discount factor should be computed by
= 1 ÷ (1 + rate) ^ years
The attachment is shown below:
