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Clifton Corporation acquired all of the outstanding Gillion stock on January 1, Year 1, for $2,400,000. The parties immediately

azamat

Answer:

Year 1: $2,150,000

Year 2: $2,291,600

Year 3: $2,260,320

Explanation:

Clifton's stock in Year 1 = $(2,400,000 - 250,000) = $2,150,000

To obtain percentage tax = (250,000 X 100%)/ 2,400,000 = 10.4% = 0.104

In year 2: Tax on $400,000 = $400,000 * 0.104 = $41,600

∴ Clifton's Stock in year 2 = $(2,150,000 + 41,600 + 100,000) = $2,291,600

In year 3: Tax on $180,00 = $180,000 * 0.104 = $18,720

∴ Clifton's stock in year 3 = $(2,291,600 + 18,720 + 300,000) = $2,260,320

4 0

4 years ago

Many years after constructing a plant asset, management spent a significant sum on the asset. Which of the following types of ex

ryzh [129]

Answer:

(1) NO As this maintenaince will be done in order to keep the current value It is an expenditure to avoid decay of the plant assets

(2) Yes it should be capitalizeds as increase the useful life of the assets (thus the depreciation will change as well as the useful years remaining increases

(3) Yes it should be. As increase the utility it will have a higher future positive cashflow in the future.

Explanation:

We are asked under which circumnstances the amont spend in the maintenance or overhaul should increase the plant asset account or be considered expense of the period.

7 0

3 years ago

Read 2 more answers

Asales software company decides to find out how their products are being used and sold. They approach five different sales execu

anygoal [31]

Answer:

a. interviews were expensive to conduct

Explanation:

The disadvantage of in depth interview contained in the scenario is that face to face or in-depth interviews are expensive to conduct.

The rationale behind this conclusion is as presented in the scenario that ''In order for executives to agree to the interviews the company provides a large cash incentive.''

The fact that in-depth interview could be paid for, in order to guarantee its occurrence; is a practical display of the fact that in-depth interview or Face-to-Face method, is very expensive.

4 0

3 years ago

Donna entered bob's department store and went directly to the children's apparel department. therefore, the merchandise to be bo

Aloiza [94]

Donna entered bob's department store and went directly to the children's apparel department. therefore, the merchandise to be bought by donna in the children's department is referred to as <u>Destination Merchandise.</u>

<u></u>

The noun merchandise refers to anything that can be bought or sold, such as the merchandise sold at your local record store or the merchandise sold by a street vendor in a big city. As you enter the store, you are surrounded by merchandise, including food, clothing, and books.

Merchandise is a term that describes any product that can be sold or purchased. All items sold are commodities. For example, groceries in a supermarket, clothing in a retail store, electronics on a website, or raw materials in a manufacturing warehouse.

Learn more about Merchandise here: brainly.com/question/11538623

#SPJ4

8 0

2 years ago

Which of the following influences quantity demanded and varies moving along a demand curve?

jek_recluse [69]

The price of the good impact the quantity demanded and changes when the demand curve moves.

The following information should be considered:

The demand curve shows two things i.e. price of the good and the quantity demanded.
The price should be shown on the vertical axis and the quantity demanded shown on the horizontal axis.

Therefore all other options are incorrect.

Hence, we can conclude that the price of the good impact the quantity demanded and changes when the demand curve moves.

Learn more about the demand curve here: brainly.com/question/21220153

8 0

3 years ago