Answer: $150,000
Explanation:
The Dividend Received Deduction is a Federal tax deduction that applies when a related company pays dividends to another company that owns part of it.
The relevant provision is that when a company owns more than 80% of the company receiving the Dividend, the Dividend Received Deduction amounts to 100% of dividends received.
Cooper Corporation may therefore claim a deduction of $150,000 being the total amount as they own 85% of Broze Corporation Stock.
Answer: True
Explanation:
Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.
Proper control leads to achievement of organizational goals.
Answer:
d. Marketing Mix
Explanation:
<em>Target Market</em> is the group of people with specific problem and seeking a solution and ready to spend on it.
<em>Market Segment </em>is dividing a market into sub sets of consumers, businesses or countries who have common needs.
<em>Market Position </em>is organizing for a product by clear minds of target customer relative to competing products.
<em>Marketing Mix </em>is the combination of four P's: Product, Price, Promotion and Place.
Answer:
Lessee's Entries:
Rent expense (Dr.) $45,500
Cash (Cr.) $45,500
Lessor's Entries:
1. Property Tax expense (Dr.) $2,000
Maintenance and Repair Expense (Dr.) $650
Insurance Expense (Dr.) $500
Accounts Payable (Cr.) $3,150
2. Depreciation Expense (Dr.) $ 29,285
Accumulated Depreciation (Cr.) $29,285
3.Cash (Dr.) $45,500
Rent Revenue (Cr.) $45,500
Explanation:
The lease is considered as an operating lease as it does not have bargain purchase option and renewal options. The property ownership is not transferred in this lease.
Depreciation expense:
[ Cost - Salvage Value ] / 7
220,000 - 15000 / 7