Answer:
12,300 shares
Explanation:
The computation of the weighted average number of common shares is shown below:
= Number of shares + issued shares × number of months ÷ total number of months - treasury stock shares reacquired × number of months ÷ total number of months
= 10,000 shares + 5,000 shares × 6 months ÷ 12 months - 600 shares × 4 months ÷ 12 months
= 10,000 shares + 2,500 shares - 200 shares
= 12,300 shares
We deduct the treasury stock shares and added the issued shared to the beginning shares
Plus we assume the books are closed on December 31 so according to that we considered the number of months i.e to be taken while computing the weighted number of shares
Answer:
Throughout the revenue generation code section 1231, 1231 assets were specified in the revenue generation section 1231. Elsewhere there is further clarification provided.
Explanation:
- The loss suffered should be considered as something of an ordinary loss which can be excluded from either the taxable income of the individual, as this is thus advantageous since it is 100% exempt again from the tax liability of the individual.
- Inventories weren't included throughout the 1234 clauses, nevertheless, and as such the losses mostly on stock kept during 6 months also aren't protected by the 1234 rules and therefore must be recognized as a regular loss of operation.
- The income earned from either the property where impairment is claimed as either a regular business loss throughout section 1234 could be calculated as deep-term losses or capital gains unless the income increases the value of the loss reported throughout section 1234.
Answer:
C. Taxes are the major source of revenue for
the government.
Explanation:
The government imposes taxes on incomes, goods and services sold, imports, and other items to raise money to finance its operations. Therefore, taxes are a source of revenue for the government.
The government also engages in other revenue-generating activities such as trade through state-owned corporations. As a composition of total revenue collected, taxes are the biggest contributor to government revenues.
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000