Answer:
$3,500 and deferred tax liability
Explanation:
The computation of the deferred tax is shown below:
= Service performed × tax rate
where,
Service performed is $10,000
And, the tax rate is 35%
Now placing the values
The amount of deferred tax is
= $10,000 × 35%
= $3,500
This amount reflect the deferred tax liability
We simply multiplied the service performed amount with the tax rate so that the deferred tax could come
Historical returns have generally been higher for stocks of small firms as (than) for stocks of large firms.
<h3>What is
stocks?</h3>
Stock in finance refers to the shares into which a corporation or company's ownership is divided. A single share of stock represents fractional ownership of the firm based on the total number of shares.
A stock is a type of instrument that implies the holder owns a share of the issuing firm and is typically traded on stock markets. Corporations issue stock in order to raise funds to run their enterprises. Stock is classified into two types: common and preferred.
Stocks are ownership stakes in a publicly traded corporation. When you purchase stock in a corporation, you become a part-owner of that company. If a corporation has 100,000 shares and you purchase 1,000 of them, you own 1% of the company.
To know more about stocks follow the link:
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Answer:
<em><u>Classifying Cash Flows:</u></em>
Retirement of bonds payable ⇒ <em><u>Financing activity</u></em>
Purchase of inventory for cash ⇒ <u><em>Operating activity</em></u>
Cash sales ⇒ <u><em>Operating activity</em></u>
Repurchase of common stock ⇒ <em><u>Financing activity</u></em>
Payment of accounts payable ⇒ <u><em>Operating activity</em></u>
Disposal of equipment ⇒ <em><u>Investing activity</u></em>
Answer:
Correct option is B
$160,000
Explanation:
From the question above, Cost of goods sold of $160,000 is treated as a negative item in calculating gross income rather than as a deduction.
For a drug dealer like Tom, all deductions
listed above are disallowed.
Answer:
D. Price will rise, quantity purchased will fall, and gross revenues will fall.
Explanation:
It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.
