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4 years ago

Which of the following statements regarding C corporation is false?

Business

2 answers:

dedylja [7]4 years ago

8 0

c corporation are generaly not subject

Vedmedyk [2.9K]4 years ago

7 0

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.

The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.

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Nlg gers number yes 34 to yes

allsm [11]

Answer:

Umm what are u trying to get 34 to

8 0

3 years ago

Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4

vitfil [10]

Answer:

$5.73(Approx).

Explanation:

Given:

= 0.32

Growth rate = 25% = 0.25

Number of year = 4

Growth rate after 4 year = 3% = 0.03

Required rate of return = 15% = 0.15

Computation of divined in 4 year:

$Annual\ dividend\ paid(1+growth\ rate)^n\\\\0.32(1+0.25)^4\\\\0.32(1.25)^4\\\\0.32(2.44140625)\\\\0.78125$

Price of stock after year 4 = [Divined in 4 year × (1 + new growth)] /[Required rate of return - Growth rate after 4 year ]

Price of stock after year 4 = [0.78125 × (1+0.03)] / [0.15 - 0.03]

Price of stock after year 4 = [0.8046875] / [0.12]

Price of stock after year 4 = $6.70572917

Present value = Future value / $(1+r)^n$

Present value = $6.70572917 / $(1.15)^4$

Present value = $6.70572917 / $(1.16985856)$

$5.73(Approx).

6 0

3 years ago

A post-closing trial balance should be prepared

yanalaym [24]

Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.

7 0

3 years ago

A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month

agasfer [191]

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P × 1 − (1+r)−n

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

0.0081

Fv =350 x 1-0.61628715419

0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

7 0

3 years ago

The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $60,226 1,3

Anton [14]

Answer:

Variable cost per unit = $4.60

Explanation:

To calculate the element of variable cost in a mix cost using high-low method, we need to take the cost of the highest activity level and subtract the cost of the lowest activity level from it and divide the answer by the difference between the highest and the lowest activity levels.

<u>High-low method</u>

Variable cost per unit = (Highest Activity Cost - Lowest Activity Cost) / (Highest Activity Units - Lowest Activity Units)

Variable cost per unit = (66436 - 60226) / (2660 - 1310) = $4.60 per unit

3 0

4 years ago