I’m pretty sure the answer is C. To cultivate responsibility in our students
A friend has earned income from babysitting children in her neighborhood. She earned $15 per hour that she babysat so the income was in the form of an hourly wage.
Answer and Explanation:
The Journal entry is shown below:-
1. Income Tax Expense Dr, $336 million
Deferred Tax Assets Dr, $29 million
($116 million × 25%)
To Income Tax Payable $365 million
($1,460 × 25%)
(Being income tax and deferred tax is recorded)
2. Income Tax Expense Dr, $400 million
To Income Tax Payable $340 million
($1,360 × 25%)
To Deferred Tax Assets $60 million
(($354.0 million - $116 million) × 25%)
(Being income tax and deferred tax is recorded)
Answer:
Attribute the cause of our successes to internal personal factors and attribute our failures to external factors
Explanation:
Self-serving bias
This is simply regarded as the willingness to view oneself favorably. people usually tend to see themselves better than average. In terms of thinking positively, by taking credit for successes and that other forces did not have a factor in successes gotten. And also thinking negatively, by not taking credit for failures and rather blame external factors for failures encountered.
Individuals do accept credit when it is successful, but if there is a loss, they reject it or rather not associate themselves with it. They attribute loss to something else example: when an athletes attribute loss of a match to bad referees or dirty play.
Explanation:
The computation of the free cash flow is shown below:
Free cash flow = Cash flow from operating activities - capital expenditure - common stock dividend - preferred stock dividend
= $9 million - $5.5 million - $0.60 million - $0.20 million
= $2.70 million
The free cash flow represents the remaining cash flow left after paying the capital expenditure, operating expenses, etc
So, it would be used for special financing activities like leverage buyout
