Answer: D. A deferred tax asset equal to $52.5 million
Explanation:
Original book basis of PP&E = $650 million
Fair market value = $800 million
Then, we calculate the difference between the fair market value and the original book value which will be:
= $800 million - $650 million
= $150 million
Then, the deferred tax liabilities will be:
= 35% × $150 million
= $ 52.5 million
Therefore, assuming a corporate tax rate of 35% for book purposes, the company should record a deferred tax asset equal to $52.5 million.
Answer:
Expected value is 5.5
Explanation:
Expected value = sum of X*P(x)
= 1/4*2 + 1/4*4 + 1/4*6 + 1/4*10
= 0.5 + 1.0 + 1.5 + 2
.5
= 5.5
Answer:
$16,550
Explanation:
The computation of total cash collections in the month of June is shown below:-
Total cash collections in the month of June = (June sales × Percentage of collection) + (May sales × Percentage) + (April × Percentage)
= ($25,000 × 20%) + ($15,000 × 65%) + ($12,000 × 15%)
= $5,000 + $9,750 + $1,800
= $16,550
So, for computing the total cash collections in the month of June we simply applied the above formula.
Answer:
The correct answer is B. Informational support
.
Explanation:
Information Support documents are those documents that help administrative management.
These documents have the following characteristics:
-
They are multiple copies.
- They report a specific matter.
- They support management, they can help in the decision-making process as supporting material, they can be official newsletters, books, magazines, publications or reports prepared by other institutions, etc.
- Its value is merely informative and short term.
- They do not testify to the activity of the institution and are not part of their Documentary Heritage, therefore, they will not be transferred to the General Archive and will be destroyed in the office where they have been managed.
