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2 years ago

Based on the table, which of the following is true?

Business

2 answers:

Alina [70]2 years ago

6 0

Answer:

the answer is b

Explanation:

Vsevolod [243]2 years ago

3 0

I’m not sure but i think it’s B

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During Year 5, Tedd Co. became involved in a tax dispute with the IRS. At December 31, Year 5, Tedd's tax advisor believed that

kkurt [141]

Answer:

$400,000

Explanation:

Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.

Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.

Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet

The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.

- Existing Condition (which in this case is the tax dispute with the IRS)

- Probable Cash Outflow (which Tedd's Tax adviser confirmed)

- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')

Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.

5 0

2 years ago

The nominal interest rate is 6 percent and the real interest rate is 2.5 percent. What is the inflation rate?

Vlad1618 [11]

Answer:

3.5 percent

Explanation:

6 0

2 years ago

Rubbermaid allows employees to spend a percentage of their working time on special projects. Imagine that, as a manager for Rubb

MrMuchimi

Answer:

b. Hire an external consultant to pick new team members for you.

Explanation:

The most appropriate option, analyzing the scenario above, would be to hire an external consultant to choose new team members for you, due to the fact that there is difficulty in choosing the qualification of the team and the volunteers who applied for the positions, so an external consultant could take this decision based on adequate parameters and less supported by biased behaviors that could favor some more volunteer by affinity or another issue that was not purely professional. In this way, a fairer, less conflicting and appropriate contracting would occur for everyone in the organization.

8 0

3 years ago

Nosloc Corp. had $800,000 net income in 2019. On January 1, 2019 there were 200,000 shares of common stock outstanding. On April

tresset_1 [31]

Answer:

diluted EPS = $2.05

Explanation:

diluted earnings per share = net income / (weighted common stocks outstanding + diluted shares).

net income = $800,000

weighted common stocks outstanding:

January 1, 200,000 common stocks

April 1, 20,000 stocks issued = 20,000 x 9/12 = 15,000 common stocks

September 1, 30,000 treasury stocks purchased = -30,000 x 4/12 = -10,000

total weighted stocks outstanding = 205,000

diluted shares:

30,000 options at $40 per stock = [($50 - $40) / $50] x 30,000 = 6,000

2,000 bonds x 30 stocks = 60,000

preferred stock = 40,000 x 3 = 120,000

total diluted shares = 186,000

diluted EPS = $800,000 / (205,000 + 186,000) = $2.05

5 0

3 years ago

"which targeting strategy focuses on common consumer needs, as opposed to different needs?"

belka [17]

Mass Marketing is the targeting strategy that focuses on common consumer needs, as opposed to different needs. The main focus with mass marketing is to promote a good or service to a large audience that will appeal to as many consumers as possible.

3 0

3 years ago