Answer:
$1,620,000
Explanation:
Assume that Sharp operates in an industry for which NOL carryback is allowed.
In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000
There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.
The enacted income tax rate was 25% in 2019 and 30% thereafter.
In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000
Answer:
Under current tax law, no option is correct. Before 2018, option C would have been right.
Explanation:
Currently under the Tax Cuts and Jobs Act (from Jan. 2018 until Dec. 2025) you can only deduct interests on mortgages used to purchase, build or improve your home. In this case, Jorge will only be able to deduct the interests paid on the $130,000 he owed for the first mortgage.
Interests on home equity loans will again be deductible (up to $100,000) starting Jan. 2026.
Answer:
$142,640
Explanation:
Given that
Present value of annuity = $474,420
Discount rate = 20%
Useful life = 6
The computation of annual benefits is shown below:-
Present value of annuity = Annual Benefits × Present value of annuity factor(20%,6)
$474,420 = Annual benefits × 3.326
Annual benefits = $474,420 ÷ 3.326
=$142,640
So, for computing the annual benefits we simply applied the above formula.
Answer:
Total overhead = = $7,500
so here correct option is E. $7,500
Explanation:
given data
production = 1,000 units
direct labor = ¼ hour @ $24 per hour
variable overhead = 75 % of direct labor
fixed overhead = $3,000
to find out
total amount of overhead
solution
we first find Direct labor that is
Direct labor = ¼ × 24
Direct labor = $6
so
Total overhead will be here
Total overhead = Variable overhead + Fixed overhead .................1
now put here value we get
Total overhead = ($6 × 75% ) × 1,000 + $3,000
so
Total overhead = = $7,500
so here correct option is E. $7,500
Seasoned equity offering could be defined as a new issue of common stock offered to the general public by a firm that is currently publicly held.
<h3>
What is Seasoned equity offering?</h3>
- An existing publicly traded firm may issue fresh shares through a "seasoned equity offering," "secondary equity offering," or "capital raise."
- Seasoned offers might include new shares (dilutive), shares sold by current shareholders (non-dilutive), or a combination of the two. It can be a shelf offering if the seasoned stock offering is made by an issuer that complies with certain regulatory requirements.
- In a public offering known as an initial public offering (IPO) or stock launch, shares of a firm are sold to institutional investors as well as, often, to retail (individual) investors.
- The shares are normally listed on one or more stock exchanges and are typically underwritten by one or more investment banks.
To learn more about Seasoned equity offering with the given link
brainly.com/question/2699653
#SPJ4
Question:
Which one of the following terms could be defined as a new issue of common stock offered to the general public by a firm that is currently publicly held?
Initial public offering
Private placement
Rights offer
Venture capital
Seasoned equity offering