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2 years ago

Solve the following dividend problem.

Business

2 answers:

ElenaW [278]2 years ago

8 0

The answer is 150,000

AlladinOne [14]2 years ago

4 0

75,000×2=150,000
..................

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As a result of differences between depreciation for financial reporting purposes and tax purposes, the financial reporting basis

Verizon [17]

Answer:

Deferred tax liability = $52,500

Explanation:

Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000

Enacted tax rate = 30%

Tax rate for future years = 40%

so Deferred tax liability = $250,000 x 40% = $100,000

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3 years ago

Charlotte owns a custom publishing business. She uses 500 square feet of her home (2,000 square feet) as an office and for stora

leva [86]

Answer:

As calculated below (attachment)She must deduct the expenses related to interest and taxes first, then deduct her other business expenses, then at last the depreciation.She may carry forward the $1,105 ($145 limit- $1,250 current depreciation) which she is not ble to use in the current year to a future year when her business has sufficient income to absorb the deduction.

Explanation:

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3 years ago

A managed mutual fund:

Ilia_Sergeevich [38]

Answer:

b) Has a higher expense ratio than an index fund

Explanation:

A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.

A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.

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2 years ago

Which type of loan requires that you pay the interest accumulated during college? A)University scholarship B)Subsidized federal

Goryan [66]

Your answer is going to be C

3 0

3 years ago

On January 1, 2020, Crone Corporation had the following stockholders' equity accounts.

Serga [27]

Answer and Explanation:

February 1

Dr Dividends 113,000

Cr Dividend Payable 113,000

To record the declaration of cash dividends.

March 1

Dr Dividend Payable 113,000

Cr Cash 113,000

To record the payment of dividends previously declared.

April 1

No entry

July 1

Dr Dividends 169,500

Cr Stock Dividends Distributable 169,500

To record the declaration of stock dividends.

December 1

Dr Stock Dividends Distributable 169,500

Cr Common Stock 146,900

Cr Paid in Capital in Excess of Par 22,600

December 31

Dr Income and Expense Summary 398,500

Cr Retained Earnings 398,500

To record the net income.

December 31

Dr Retained Earnings 282,500

Cr Dividends 282,500

To close the dividends account.

4 0

3 years ago