If you have a seven<span>-member board, </span>four<span> must be present for a quorum and at least </span>four<span> must always vote yes for a motion to pass, regardless of whether there are </span>four<span>, five, </span>six<span> or </span>seven members present.Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Answer:
1.$146
2.$30
3.Dr Loss on impairment of Goodwill $30
Cr To Goodwill $30
Explanation:
1.($million )
Acquisition cost $620
Fair value of asset
Tangible and Intangible assets $652
Less liabilities ($178)
($652-$178) $474
Goodwill from Harman acquisition $146
($620-$474)
2.
Book value of Harman's net assets (including goodwill) 630 million
Less Fair value of Harman, Inc. $600 million
Impairment loss of Goodwill $30
3.
General Journal
Dr Loss on impairment of Goodwill $30
Cr To Goodwill $30
Answer: $3,500
Explanation:
The American Opportunity Tax Credit is a credit offered by the IRS for educational expenses paid on qualified students in their first 4 years of tertiary education.
The credit offered stands at a 100% of the first $2,000 paid per student. Afterwards this drops to 25% for the next $2,000.
To be able to claim the full credit however, some income conditions must be met. The most relevant to this question is that your Modified Adjusted Gross Income (MAGI) should be $80,000 or less if filing singularly or $160,000 or less if jointly signing as a married couple.
That means that Kyle and Alyssa qualified for 100% of this credit.
They get to claim $1,000 on Jane.
For Jill they get to claim the first $2,000 and then 25% of the next $2,000,
= 25% * 2,000
= $500
= 500 + 2,000
= $2,500
They get to claim $2,500 on Jill.
Total of $3,500 for both Jane and Jill.
Answer:
a) October 12
Dr Purchases 23,030
Cr Accounts payable 23,030
Dr Freight charges 510
Cr Cash 510
October 31
Dr Accounts payable 23,030
Dr Purchase discount lost 470
Cr Cash 23,500
October
Dr Accounts receivable 28,200
Cr Sales 28,200
October 31
Dr Cost of goods sold 17,150
Dr Inventory 21,390
Cr Purchases 23,030
Cr Inventory 15,000
Cr Freight charges 510
b) October 12
Dr Inventory 23,540
Cr Accounts payable 23,030
Cr Cash 510
October 31
Dr Accounts payable 23,030
Dr Inventory lost 470
Cr Cash 23,500
October
Dr Accounts receivable 28,200
Cr Sales 28,200
October 31
Dr Cost of goods sold 17,150
Cr Inventory 17,150