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djverab [1.8K]
3 years ago
11

Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by

$25,000. In addition, book depreciation exceeded tax depreciation by $100,000. Finally, Tuna subtracted a dividends received deduction of $15,000 in computing its current-year taxable income. Book equivalent of taxable income is:
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

$985,000

Explanation:

Given that,

Pretax book income = $1,000,000

Increase in net reserve for warranties = $25,000

Book depreciation = $100,000

Dividend received deduction = $15,000

Book equivalent of taxable income:

= Pretax book income - Dividend received deduction

= $1,000,000 - $15,000

= $985,000

Therefore, the Book equivalent of taxable income is $985,000.

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Answer:

1. Benefits Of Regional Economic Integration

2. Enhanced political cooperation. Several nations usually have a much larger political influence as compared to the influence that each individual country would have.

3. Creates trade. Member countries in a regional economic integration agreement have a wider choice of services and goods that were previously unavailable.

<em>4. Employment prospects. </em>

Explanation:

The benefits of regional integration can easily identify. There are economic benefits such as additional trade, improved quality, increased imports and exports, high-quality international relations and an integrated market. Regional integration can enhance the general quality of life for the citizens of those states.

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3 years ago
On September 30, 2016, Athens Software began developing a software program to shield personal computers from malware and spyware
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Answer:

Check the explanation

Explanation:

1. Record the journals as shone, below:

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2017   Research and development expense    800,000  `             `                            Software and development costs      400.000

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kindly check the answer to the second question in the attached image below

6 0
3 years ago
Select the correct answer. Which term describes the ability to use different types of reasoning for different situations and ana
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8 0
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Ballard Company incurred a total cost of $8,500 to produce 400 units of pulp. Each unit of pulp required six (6) direct labor ho
Strike441 [17]

Answer:

$4,900

Explanation:

Given that,

Total cost at a production level of 400 units = $8,500

Each unit of pulp requires = 6 direct labor hours

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B. Employees can brainstorm to find causes and possible solutions
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