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uranmaximum [27]
3 years ago
10

To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each cr

iterion on the same row.
Business
1 answer:
iris [78.8K]3 years ago
6 0

 

To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each criterion on the same row.

 

The best answer for this question, would be:

 

True

B<span>ecause entering each criterion helps track all of the accounts of the exact amount given.</span>

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Answer:

2million

Explanation:

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6 0
3 years ago
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(Appendix 11.1) Depreciation for Financial Statements and Income Tax Purposes Dinkle Company purchased equipment for $50,000. Th
Romashka-Z-Leto [24]

Answer and Explanation:

The computation is shown below:

For year 1

According to the Company's Books Depreciation

= (Orginal Cost - Salvage value) ÷ useful Life

= ($50,000 - $5,000)  ÷ 10 years

= $4,500

According to the Income Tax Depreciation

= Cost × MACRS Rate for Year 1

= $50,000  × 20%

= $10,000

So, the difference in year 1 is

= $10,000 - $4,500

= $5,500

For year 2

According to the Company's Books Depreciation

= (Orginal Cost - Salvage value) ÷ useful Life

= ($50,000 - $5,000)  ÷ 10 years

= $4,500

According to the Income Tax Depreciation

= Cost × MACRS Rate for Year 2

= $50,000  × 32%

= $16,000

So, the difference in year 1 is

= $16,000 - $4,500

= $11,500

7 0
3 years ago
Force Corporation is owned equally by Luke and his sister Leia, each of whom own 200 shares in the company. Force redeemed 100 s
murzikaleks [220]

Complete question:

Force Corporation is owned equally by Luke and his sister Leia, each of whom own 200 shares in the company. Force redeemed 100 shares of Luke’s stock in the company on December 31 of this year paying Luke $1,000 per share. Luke’s income tax basis in each share is $500. Force has total E&P of $800,000. What are the tax consequences to Luke as a result of the stock redemption?

a)$50,000 capital gain and a tax basis in each of his remaining shares of $500.

b)$50,000 capital gain and a tax basis in each of his remaining shares of $1,000.

c)$100,000 dividend and a tax basis in each of his remaining shares of $500.

d)$100,000 dividend and a tax basis in each of his remaining shares of $1,000.

Answer:

$50,000 capital gain and a tax basis in each of his remaining shares of $500.

Solution:

The sale should be viewed as an swap as Luke decreases the shareholding from 50 per cent (200/400) to 33 per cent (100/300).

Luke is not regarded as the shareholder of any property held by his dad.

Luke records a capital benefit of $50,000, measured as $100,000 – $50,000.

∴ $50,000 capital gain and a tax basis in each of his remaining shares of $500.

7 0
2 years ago
On January 1, 2014, P Company purchased an 80% interest in S Company for $616,800, at which time S Company had retained earnings
Illusion [34]

Answer:

For the year ended December 31, 2014, we have:

Controlling interest in consolidated net income = $76,560

Noncontrolling interest in consolidated net income = $19,140

Explanation:

This can be calculated as follows:

Net income of S Company = $95,700

Controlling interest percentage = P Company percentage interest in S Company = 80%

Noncontrolling interest percentage = 100% - Controlling interest percentage = 100% - 80% = 20%

Therefore, we have:

Controlling interest in consolidated net income of S Company = Controlling interest percentage * Net income of S Company = 80% * $95,700 = $76,560

Noncontrolling interest in consolidated net income of S Company = Noncontrolling interest percentage * Net income of S Company = 20% * $95,700 = $19,140

Therefore, for the year ended December 31, 2014, we have:

Controlling interest in consolidated net income = $76,560

Noncontrolling interest in consolidated net income = $19,140

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2 years ago
Discuss and decide whether the following are microeconomic or
Ierofanga [76]

Answer:

a) because of their job.

b) because of their working power and unique mind.

c) because of their

d) because in Pakistan it doesn't have suitable land for farming and low working power.

8 0
2 years ago
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