Answer:
The corporation's current income tax expense or benefit would be $170100.
Explanation:
income tax expense or benefit = $500,000 + $100,000 - $10,000 -$80,000)*21%
= $107,100
Therefore, the corporation's current income tax expense or benefit would be $170100.
Answer:
Since no transactions are specified that were made out of the group ( i.e. Holding Company and Subsidiary) so, in consolidated income statement of 20x8, no COGS shall be shown for the transactions made between Pie and Slice Co.
Explanation:
In consolidated financial statements, we represent Holding ( Pie ) and Subsidiary ( Slice ) Companies as a single unit. Hence, the transactions made within the group are not considered in making of Consolidated financial statements.
However, both companies will show the sales and COGS in separate financial statements.
Answer:
Date General Debit Credit
$ $
Dec 31 Equipment 10000
Cash 10000
Following are detail of the posting of equipment purchased
1) The $10,000 will be posted to the debit side of the Equipment Account.
2) The $10,000 will be posted to the credit side of the Cash Account
The company’s earnings per share would still be based on the
common shares outstanding of 9,500. This is because the 4,500 selling
transaction is not yet accounted for that last accounting period. Therefore,
Earnings per share = $33,250 / 9,500 shares
Earnings per share = $3.5 per share
The Mike Douglas Show
The Mike Douglas show was a daytime variety and talk show on television hosted by Mike Douglas. It was initially only aired in Cleveland, Ohio, and then expanded to Philadelphia, and later on, nationwide. It has won the following Emmy Awards:
<span>1. Program and Individual Achievements in Daytime Programming – Individuals - for Mike Douglas in 1967
</span>
2. Outstanding Individual Director for a Daytime Variety Program - for Don Roy King in 1977 for the episode <span>"Mike in Hollywood with Ray Charles and Michel Legrand"
</span>
3. <span>Outstanding Individual Achievement in Daytime Programming - for David M. Clark in 1978
</span>
4. <span>Individual Achievement in Any Area of Creative Technical Crafts – Costume Designer - for Dayton Anderson in 1981 for the episode aired on February 9, 1981. </span>
