Answer:
$325,000
Explanation:
Aaron's salary which has already been substracted from the income of ABC, Inc. is allowable deduction and it will not be added back to the ABC Inc.'s income.
Dividend payment by an S corporation is not allowable for deduction and it will not be deducted from the net income.
Therefore, Aaron's qualified business income is $325,000.
Answer:
The answer is T that is (True)
Explanation:
First of all, we need to understand that internal control in technology advanced accounting system are designed policies and procedures integrated into the system to give it integrity and reliability.
The purpose are mainly to curb but not limited to issues like fraud, generating timely and effective reporting, reassuring investors, give a forensic over view of business operation success and proactively identify financial challenges.
The internal controls in advanced accounting can either be preventative, consequentially deterring fraud and mistakes, or detective, consequentially identifying challenges after they have occurred
This two aforementioned objective of the internal control in technology advanced accounting are embedded in the design and operation of the system stage, thereby confirming the statement to be true that Internal control in technologically advanced accounting systems depends more on the design and operation of the information system and less on the analysis of its resulting documents
Ethics refers to acceptable conduct in any setting therefore it concernscconcerns the behaviour thebehavioithbusiness
The net income of the company is $193,000
What is the net of the company?
The net income of the company is the total consulting revenue minus the salaries expense, interest expense, and rent expense, in other words, revenue minus total costs of running the company
net income=consulting revenue-rent expense-interest expense-salaries expense
consulting revenue=412,000
rent expense=23,000
interest expense=13,000
salaries expense=183,000
net income=412,000-23,000-13,000-183,000
net income=$193,000
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