The answer to that would be B.
Answer:it is a financial Accounting Standards Board is a independent self regulatory board that establishes and interprets generally accepting accounting principles
Explanation:
Answer:
Net Cash flow from Operating activities $16,422
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net loss - $13,402
Adjustment made:
Add: Depreciation, amortization, and impairments $34,790
Add: Decrease in accounts receivable $1,245
Less: Increase in inventory -$5,766
Less: Decrease in accounts payable -$445
Total of Adjustments $29,824
Net Cash flow from Operating activities $16,422
Answer:
Yes, it will affect it.
Explanation:
The dividends received deduction (DRD) refers to a US federal tax law that allows some corporation that are paid dividend by related entities to deduct certain percentage of the dividend received from their income tax depending on their percentage of ownership of the related entity that paid the dividend.
The three criteria or tiers that determines how much to deduct as DRD are as follows:
1. Generally, the DRD a corporation is qualified for is 70% of the dividend received.
2. A DRD equals to 80% of the dividend received can be deducted if the corporation holds more than 20% but less than 80% shareholding of the company that paid the dividend.
3. If the corporation holds more than 80% shareholding of the company that paid the dividend, a DRD of 100% of the dividend applies.
Therefore, additional stock purchase will affect the amount of dividends received deduction that Mustard can claim.
Answer:
The correct options are C and A
Explanation:
Under the method of direct write off of the accounting for uncollectible receivables, the journal entry should be recorded in the books is as follows:
On September 15
Bad debt expense A/c.................................... Dr $675
Accounts receivable- Jacob Marley A/c........Cr $675
When the company is notified of the bankruptcy of the Jacob Marley, then the above following entry is to be recorded as the bad debt expense, got increases and any increase is debited. Therefore, the account of bad debt expense is debited. And the balance of the accounts receivable of Jacob Marley has been reduced because the amount is unrecoverable so any decrease is credited. Therefore, the account of accounts receivable of Jacob Marley is credited.
