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ad-work [718]
3 years ago
11

In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between t

he parent and subsidiary corporations are Group of answer choices Not taxable. Included in taxable income to the extent of 35%. Included in taxable income to the extent of 65%. Fully taxable.
Business
1 answer:
horsena [70]3 years ago
7 0

Answer:

Answer A

Explanation:

There are several rules of dividends deductions from income making taxable income significantly smaller. Deductions are generally 70% of the dividends received. Second if the company owns a stake in other company larger than 20%, but smaller than 80% dividend deduction from income is 80% of the dividend received and if the other entity is fully owned deductions from the dividend received are 100%

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If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one
Westkost [7]

Answer:

560

Explanation:

Thats your answer.

8 0
2 years ago
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Wanda is faced with an ethical dilemma. She knows her supervisor, the CFO, wants to accelerate the recoding of revenue to an ear
jolli1 [7]

Answer:

Wanda is most likely to refuse.

Explanation:

The stage 4 of Kohlberg's Moral Development Model is defined as the Law and Order Orientation Stage, in which doing what is dutiful is paramount. If Wanda accepted his supervisor's demands, she would be breaking a law (the GAAP), and this act would therefore go against what the Kohlberg's model proposes. She will most likely respect the law despite the conquesequences that this might have on her personal life (for example, being fired).

5 0
3 years ago
Government programs that compensate farmers for not planting crops on all their land : hurt farmers by lowering their total reve
Zolol [24]

Answer:

Help farmers by increasing total revenue in the market but hurt consumers by raising food prices

Explanation:

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3 0
2 years ago
When you finance a car,the car then becomes __ for th loan.
matrenka [14]
The best answer to the question that is being presented above would be collateral. When you finance a car, the car then becomes the collateral or the pledge of the property for the loan. This is so that the payment system is attained securely and to avoid escaping from due payment.
4 0
3 years ago
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Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
Alisiya [41]

Answer and Explanation:

The journal entries are shown below:

1. Inventory $1,800

        Accounts Payable $1,800

(Being purchased on account)

2. Inventory $50

     To Cash $50

(being freight paid)

3. Accounts Payable $51

     To Inventory $51

(being the returned calculator is recorded)

4. Accounts Receivable $670

       To Sales Revenues $670

(Being sales is recorded)

5. Cost of Goods Sold $460

      To Inventory $460

(Being cost of goods sold is recorded)

6.  Sales returns $40

         To Accounts Receivable $40

(being sales return is recorded)

7. Inventory $28.20

      To Cost of Goods Sold $28.20

(Being cost return is recorded)

8. Accounts Receivable $780

      To Sales Revenues $780

(Being the sales is recorded)

9. Cost of Goods Sold $560

      To Inventory $560

(Being the cost of goods sold is recorded)

5 0
3 years ago
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