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liberstina [14]
3 years ago
12

Ms. Paltrow structures a transaction to legally shift income from her sole proprietorship to her son's business. Which of the fo

llowing terms best identifies the tax planning variable that she is likely utilizing?
1. Jurisdiction variable
2. Entity variable
3. Time period variable
5. Character variable
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Answer:

2

Explanation:

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Minette Company reported net income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by
musickatia [10]

Answer:

b. $210000.

Explanation:

Calculation for Net cash provided by operating activities in 2022

Using this formula

Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal

Let plug in the formula

Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000

Net cash = $210,000

Therefore the Net cash provided by operating activities in 2022 will be $210,000

6 0
3 years ago
Alex Company rents space to a tenant for $2,200, per month. The tenant currently owes two months rent, November and December. Th
kaheart [24]

Answer:

The correct answer is D

Explanation:

The journal entry which is to be posted on December 31, is as:

Rent receivable A/c............................Dr   $4,400

        Rent Earned A/c...............................Cr    $4,400

As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).

5 0
4 years ago
Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance re
sdas [7]

Answer:

$1067 F

Explanation:

The spending variance for wages and salaries in July would be closest to $1067 F

6 0
4 years ago
A manufacturing division has an average assets of $1,800,000 and income of $720,000. The division's return on investment is
Natalija [7]

Answer:

40%

Explanation: 720,000/1,800,000 = .4 x 100 = 40%

7 0
3 years ago
Which of the following transactions does not take place in a market for a factor of production? Select one:
galina1969 [7]

Answer:

b. Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.

Explanation:

Factor of production ,capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased

5 0
4 years ago
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