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3 years ago

The following is a list of costs incurred by several businesses:

Business

1 answer:

Rainbow [258]3 years ago

7 0

Answer:

a. (Factory overhead cost,Administrative cost)

b. (Direct material cost,Product cost)

c. (Factory overhead cost,Administrative cost)

d.(Factory overhead cost,Administrative cost)

e.(Direct labor cost,Product cost)

f.(Factory overhead cost,Administrative cost).

g.(Factory overhead cost,Administrative cost)

h. (Direct material cost,Product cost)

i.(Period cost,Selling cost)

j.( Factory overhead cost,)

K.(Period cost,Administrative cost)

L.(Direct material cost,Product cost)

m.(Direct labor cost,Product cost)

n.(Direct material cost,Product cost)

o.(Direct material cost,Product cost)

p.(Direct labour cost,Product cost)

q.(Factory overhead cost,Administrative cost)

r.(Direct material cost,product cost)

s.(Factory overhead cost,Administrative cost)

t.(Direct material cost,Product cost)

u.(Period cost,Administrative cost)

v.(Product cost,Direct labour cost)

w.(period cost,Selling cost)

x.(Period cost,Administrative cost)

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Kaspar and Ludger, two unrelated calendar year corporations, have the following transactions for 2019: Kaspar Corporation Ludger

Karolina [17]

Answer:

The dividends received deduction for Kaspar Corporation is $70,000, while the dividends received deduction for Ludger Corporation is $230,000.

Explanation:

Note that the data in the question are merged together but they are first sorted in the attached excel file before answering the question as follows:

The dividends received deduction refers a federal tax deduction that are enjoyed in the U.S. by some corporations that receives dividends from related entities.

Based on the general rule for dividends received deduction, if the ownership by the company receiving the dividend in the company paying the dividend is less than 20%, the dividends received deduction is the 70% of the dividend received.

Since both Kaspar and Ludger have just 15% ownership which is less than 20% in domestic corporation from which they received dividends, their dividends received deduction can therefore be determined using the following formula:

Dividend received deduction = Dividend received * 70% .............. (1)

Using equation (1), we have:

Kaspar's dividend received deduction = $100,000 * 70% = $70,000

Ludger's dividend received deduction = $230,000 * 70% = $161,000

Therefore, the dividends received deduction for Kaspar Corporation is $70,000, while the dividends received deduction for Ludger Corporation is $230,000.

Download xlsx

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3 years ago

What is your passion

Andre45 [30]

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3 years ago

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When journalizing a transaction, a short explanation may be written A : on the line following each journal entry. B : at the bot

larisa [96]

Answer:

The correct answer is letter "A": on the line following each journal entry.

Explanation:

Brief descriptions can be added after each entry of the journal whenever necessary. The note must be included in the next line of the entry that might need extra explanation or clarification. Accuracy is relevant for accounting purposes since companies tend to be audited and they must demonstrate their transactions are transparent.

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3 years ago

In a homogeneous-good Cornet model where each of the n firms has a constant marginal cost m and the market demand curve is p = a

Jlenok [28]

Answer:

$Q=nq=\frac{n}{n+1}\frac{a-c}{b}$