Answer
Hi,
Correct answer option is {c}
Explanation
There are four stages of solving problems at a workplace;
• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it
• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives
• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem
• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.
All the Best!
Answer:
Built-in gains tax is $13,020
.
Explanation:
The built-in gains tax is one levied against an S corporation that used to be a C corporation, or received assets from a C corporation.
Here,
Gain= $80,000
Loss= $10,000
Holds= $8,000
Income= $65,000
Corporate tax= 21%
To calculate the built-in gains tax, we will need to calculate the net gain of the corporation and multiply it by the tax rate.
= Built-in-gain - built-in-loss - unexpired NOL
80,000 - 10,000 - 8,000 = 62,000
Then
62,000 x 0.21 tax rate = 13,020
= 13,020
Answer:
a. Current Assets and Property, Plant, and Equipment
Explanation:
These classify the assets and liabilities in the classified balance sheet into various types Including assets that are divided into Property, Plant, and Equipment, current assets.
Liabilities are similarly divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet that means
Total assets = Total liabilities + shareholder equity
