Answer:
M N TOTAL
Before tax income $1875280 $2524720 $4.4 million
Tax ([email protected]%, [email protected] 7.5%) $75011.2 $189354 $264365.2
Net Income after tax $1800268.8 $2335366 $4135634.8
Explanation:
Using the UDITPA method three factor
M % N% TOTAL%
Sales (4400/13300) 33.08% 66.92% 100%
Property cost(2300/4700) 48.94% 51.06% 100%
Payroll (2200/4800) 45.83% 54.17% 100%
divide by 3
Apportionment % 42.62% 57.38% 100%
for the before tax income
Answer:
True
Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.
Answer:
The correct answer is C
Explanation:
Equity method is the method which involve the process for treating the investment in the associate companies. The proportional share of investor, in the associate company's net income income increases the investment whereas net loss decreases the investment and the proportional payments of dividends decrease it.
So, in this case, the Armando company owning the 17,000 of the 70,000 shares of Tito company, therefore, the investment should be accounted by the equity method.
