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asambeis [7]
3 years ago
15

Fleming Company has the following cumulative taxable temporary differences: 12/31/18 12/31/17 $1,600,000 $2,250,000 The tax rate

enacted for 2018 is 40%, while the tax rate enacted for future years is 30%. Taxable income for 2018 is $4,000,000 and there are no permanent differences. Fleming's pretax financial income for 2018 is:
Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

Pretax financial income is $3,350,000.00

Explanation:

Fleming's pretax financial income is the taxable income for 2018 plus the increase in cumulative taxable temporary difference in 2018.

Taxable income is $4,000,000

Difference in cumulative  taxable difference=$1,600,000-$2,250,000

                                                                        =-$650,000

pretax  financial income=$4,000,000+(-$650,000)

                                                    =$4,000,000-$650,000

                                                    =$ 3,350,000.00  

The pretax financial income for year 2018 is  $3,350,000.00  

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C has a $100,000 traditional whole life insurance policy with a $30,000 cash surrender value. He applies for and receives a $10,
Ivenika [448]

Answer:

If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges

Explanation:

Policy loans can generally amount up to 100% of the cash surrender value of the policy, in this case C only requested $10,000 (1/3 of the cash value). This type of loan is fully collateralized by the cash value of the policy and the borrower can even miss some payments or pay on a later date because interests keep adding.

This type of loan can carry a fixed or variable interest rate, depends on the insurer.

If C surrenders his policy, he will receive the total cash surrender value minus the loan amount = $30,000 - $10,000 = $20,000

If C dies, his beneficiaries would receive the full benefits minus the loan amount = $100,000 - $10,000 = $90,000

3 0
2 years ago
Which type of group discussion requires a lot of active participation from the audience?
zmey [24]
<span>The answer would be:

C. Symposium

<em />
<em>The rest of the answers require a small group of people talking in front of an audience, where the audience has little to no participation in the dicussion.

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8 0
3 years ago
Read 2 more answers
"partnerships are the most common type of business firms in the world"
Ulleksa [173]
Partnerships are the most common type of business firms in the world.
False
3 0
3 years ago
Ast sale reports are available for trades of all of the following securities except? a municipal bonds b eurodollar bonds c stoc
Ksenya-84 [330]

Ast sale reports are available for trades of all of the following securities except Eurodollar bonds.

<h3>What is Eurodollar bonds?</h3>

A Eurodollar bond is a U.S.-dollar-denominated bond that was issued by a foreign corporation and is kept in a foreign institution that is located outside of the United States and the issuer's home country. For both foreign governments and international corporations, Eurodollar bonds are a significant source of finance.

The largest segment of the eurobond market is Eurodollar bonds. A Eurodollar bond must be issued by a multinational corporation and have US dollars as its unit of currency. Eurodollar bonds cannot be sold to the general public in the United States as they are not registered with the SEC. On the secondary market, they can be exchanged, though.

A bond is a sort of instrument in which the issuer owes the bearer a debt and is required, depending on the terms, to repay the bond's principal and interest over a predetermined period of time at the bond's maturity date. Interest is often paid at regular intervals.

Hence, Ast sale reports are available for trades of all of the following securities except Eurodollar bonds.

To learn more about Eurodollar bonds refer to:

brainly.com/question/17516335

#SPJ4

5 0
1 year ago
Which of the following is an income statement that contains subtotals to highlight significant relationships? In addition to net
Mila [183]

Answer:

d) multi-step income statement

Explanation:

The multi-step first determinated de gross profit then, it proceeds to subtract the operating expenses like wages, rent, depreication and other to arrive to operating income.

Afterwhich, it subtract interest and other non-operating result like gain on disposal to get net income.

8 0
3 years ago
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