You'll have to give me the options.
Answer:
a. 11,000 units
Explanation:
Particulars Amount
Expected Sales (units) 12,000 [3000+4750+4250]
Add: Ending inventory 18,000
Less; Beginning inventory <u>19,000</u>
Number of units expected to be manufactured <u>11,000 </u>
Answer:
Protected assets:.
Pass-through taxation:
Tax-favorable characterization of income:
Straightforward transfer of ownership:
Cash method of accounting
Heightened Credibility:
Explanation:
The advantage S-Corporation have over all other forms of businesses is as follows:
Protected assets:. An S corporation protects the personal assets of its shareholders.
<em>Pass-through taxation</em>:An S corporation does not pay federal taxes at the corporate level. It is of benefit to businesses starting from inception
<em>Tax-favorable characterization of income</em>:S corporation shareholders can be employees and be paid as employees. They can also receive dividends from the corporation and distributions that are tax-free to the magnitude of their investment in the corporation
<em>Seemless transfer of ownership</em>: Ownership can be freely transferred to people legally
<em>Cash method of accounting</em>: They don't have to use the accrual method of accounting while other Corporations use that(except for small businesses)
<em>Heightened Credibility</em>: It helps to establish a strong credibility with business partners, employees, vendors
<span>Controls are needed in a case-controlled study because the outcome would be invalid if there were no base controls to start with. It would be like trying to determine which cancer is more aggressive but if you don't have a control in place or to go by, your research would not have any validity.</span>
Answer and Explanation:
As per the data given in the question,
Journal entries on July 1 and Dec. 31,2021
July-01 Investment in bonds A/C Dr. $300 million
Premium on bonds A/c Dr. $40 million
To Cash A/c $340 million
Dec-31 Cash A/c Dr. $10.5 million
($300 × 3.5%)
To Premium on bonds A/c $2.00 million
To Interest Revenue A/c $8.5 million
($340 × 2.5%)
