Answer:
Pension Expense = EBE = $593440 for income statement
Explanation:
The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.
DBO plan asset EBE
opening balance (600000) 832000 -
interest ( 60000) 66560 6560
current year's service cost (600000) (600000)
( 1260000 ) 898560 <u> 593440</u>
balance sheet liability = 361440
Answer:
Here are four benefits of a business plan:
You can get outside funding. To get funding from lenders or investors, you need to show a business plan. ...
You gain an understanding of your market. ...
You focus your strategies. ...
You can check the financial numbers.
Explanation:
The sales era was 1920s-1940s
Answer:
D) 3.48
Explanation:
Current Year Sales = $700
Growth rate = 15%
Projected Sales=$700*15% +$700
Which is $805
Required inventory = $30.2 + 0.25*projected sales
Req.Inv = $30.2 + 0.25($805)
Req.Inv = $231.45
Inventory turn over = projected sales/Req.inv
$805/$231.45
Inventory turn over = 3.48 times
When will shareholders of C businesses that retain their post-tax profits be subject to individual income tax on those retained profits. When shareholders sell their shares for a profit, they must pay taxes.
C corporations will pay tax at a corporate rate of 21% as of the 2020 tax year (down from 35 percent in 2017). Then, dividends are taxed at the owner's personal marginal tax rate, which is up to 37%. (depending on the tax bracket).
Distributions of money or other assets to shareholders will lower the corporation's earnings and profits (E&P), but they won't affect its taxable income. Taxes are paid by the corporation on its taxable income and by the shareholders on any dividends they receive.
To learn more on Retained Earning
brainly.com/question/14529006
#SPJ4
