Answer:
Sunset Corporation's taxable income is $3,000
Explanation:
Calculation of Sunset Corporation's taxable income is as worked below
Taxable Income = Operating Income - Operating Expenses + Capital Gains - Capital Losses
Taxable Income = $200,000 - $175,000 + $30,000 - $52,000
Taxable Income = $3,000. Hence, Sunset Corporation's taxable income is $3,000
Note that taxable income is the amount of income used to calculate how much tax an individual or a company owes or is going to pay the government in a particular tax year.
Answer:
Malthus
Explanation:This would be a very long explination; however, the answer is Malthus.
Answer:
d. $4,000 credit to common stock
Explanation:
The journal entry is shown below:
Since the company issued 400 shares for $10 per share
So, the journal entry is
Cash Dr $4,000
To common stock $4,000
(Being the issuance of the common stock is recorded)
here the cash is debited as it increased the assets and credited the common stock as it also increased the equity account
Answer:
Glycolysis
Explanation:
Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.
True because if you want to get the best you gotta produce the best
