Answer:
Certified Financial Statements including: Two-year audited Balance Sheet, audited Statement of Income and Audited Statement of Cash Flows both for Three-years.
Explanation:
Generally, the report expected from a public traded company (listed on the stock exchange and sells shares to the public) is called a 10-k.
A 10-K represents an annually filed comprehensive report showing the financial performance of an organisation as specified by the Security and Exchange Commission (SEC). The report which is prepared by the Management of the company should contain the following sub sections:
- Overview of the Business; Ownership etc.
- Risk Factors of the Business
- 5 years selected financial data
- Management Discussion and their analyses based on yearly operations
- Financial Statement and Supplementary Data: This must contain the Balance Sheet, The Statement of Income, Statement of Cashflow and then Supplmentary notes to the account. All audited and cetified true and fair by an independent external auditor
Answer:
- Income = $10,000
- Adjusted Gross Income (AGI) Deduction = $0
- Claim $10,000 as itemized deduction due to expenses
Explanation:
The activity being a hubby does not exempt it from tax so the $10,000 will be included as income for tax purposes and there will be no deduction for this from the AGI.
She can however, claim her expenses as itemized deductions. There is no tax on interest payment so expenses deducted are:
= 4,000 + 6,500 - 500
= $10,000
To answer the problem, we are first to convert the
measurement given in yards to feet using the appropriate dimensional analysis.
<span> = (50 yards) x
(3 ft / 1 yard) = 150 ft</span>
We divide the calculated value by the given rate,
<span> n = 150 ft / (3
ft/year) = 50 years</span>
<span>Therefore, it will 50
years for the tree to grow 150 ft. </span>
Answer: B) Only materials costs are relevant
Explanation:
When choosing between alternatives, the main decider is the difference in costs. The costs that are different are the ones to decide whether a company takes on a project as it will signal the financial viability of a project.
In both alternatives, the Processing costs remain at $37,000 therefore the alternative chosen is irrelevant to these costs as they will be incurred regardless of the company's choice. They are therefore not to be considered.
Material costs on the other hand vary by the alternatives and so should be considered.
