Answer:
a. $56.000
Explanation:
Westside is entitled to a 70% DRD, so income is $70.000 - $14.000 DRD.
<em>What is DRD? The dividends received deduction (DRD) is a federal tax deduction in the U.S. that is given to certain corporations that get dividends from related entities. The amount of the dividend that a company can deduct from its income tax is tied to how much ownership the company has in the dividend-paying company.</em>
The evidence seems to support the view that studying public information to identify mispriced stocks is<u> ineffective</u>.
Shares, also known as stocks, are securities that represent partial ownership of the issuing company. A unit of stock is called a "share" and allows the holder to receive a portion of the company's assets and profits equal to the number of shares held.
shares represent ownership of a publicly traded company. When you buy stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 shares of him and he buys 1,000 of them, he owns 1% of the company.
Stocks are investments. That is, you own shares in the company that issued the shares. Simply put, stocks are a way to build wealth. This is how ordinary people invest in the world's most successful companies. For companies, equity is a way to raise money to fund growth, products, and other initiatives.
Learn more about Stocks here: brainly.com/question/690070
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Answer:
a. Revenue - Income Statement
b. Common Stock - Balance Sheet
c. Current liabilities - Balance Sheet
d. Long-term Debt - Balance Sheet
e. Dividends - Statement of Shareholder Equity / Statement of Retained Earnings
f. Ending Cash Balance - Balance Sheet
g. Adjustment to reconcile net income to net cash provided by operations -Statement of Cash Flows
h. Cash spent to acquire the Buildings - Statement of Cash Flows
i. Income tax expense - Income Statement
j. Ending Balance of retained earnings - Statement of Shareholder Equity / Statement of Retained Earnings / Balance Sheet
k. Selling general and administrative expenses - Income Statement
l. Total Assets - Balance Sheet
m. Net Income - Income Statement / Statement of Shareholder Equity / Statement of Retained Earnings
n. Income tax payable - Balance Sheet
Answer:
$2,728.40
Explanation:
Given:
Amount invested in a market = $2,500
Annual interest rate = 8.75%
also, The interest is compounded weekly
and there are 52 weeks in an year
Therefore, the interest rate when compounded weekly =
or
Interest rate, r = 0.168% = 0.00168
Thus,
The ending balance = Principle × ( 1 + r )ⁿ
here, n is the duration i.e 52 weeks
therefore,
The ending balance = $2,500 × ( 1 + 0.168 )⁵²
or
The ending balance = $2,728.40
Answer:
<u>a debit to Office Equipment and a credit to Utilities expense</u>
Explanation:
The correct journal entry should've been:
Office Equipment A/C Dr.
To Cash A/C
(Being purchase of telephone equipment recorded)
The wrong entry passed being,
Utilities Expenses A/C Dr.
To Cash A/C
Thus, the rectification/correcting entry should be:
Office Equipment A/C Dr.
To Utilities Expense A/C
(Being correcting entry recorded)
Telephone equipment is used for official purpose and thus an office expenditure. Expenses incurred are debited.
Similarly, Utilities Expenses was wrongly debited so crediting it cancels out the wrong effect.