1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
13

As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar

Business
1 answer:
aliina [53]3 years ago
5 0

Answer:

A) $56,750

Explanation:

Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.

Kane should report the following income:

  • 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
  • 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
  • total income allocated to Kane = $8,000 + $48,750 = $56,750
You might be interested in
Tom Cruise Lines Inc. issued bonds five years ago at $1,000 per bond. These bonds had a 25-year life when issued and the annual
Dmitrij [34]

<u>Solution and Explanation:</u>

Required Return after 5 year =  Real rate of return +   Inflation premium + Risk premium

Required Return after 5 year = 5+2+4

Required Return after 5 year =11%

No of year left to maturity = 25

Annual Interest payment = 15%*1000 = 150

Face value of Bond = 1000

New price of the bond = pv (rate, nper, pmt, fv)

New price of the bond = pv (11%,25,150,1000)

New price of the bond = $ 1336.87

4 0
3 years ago
The following is the Bravo Unlimited adjusted Trial Balance.
ivanzaharov [21]

Explanation:

The preparation of the Assets section is shown below:-

                                         Alpha Dog Company

                                         Adjusted Trial Balance

                                           December 31, 2016

Particulars                                               Assets

Cash                                                        $88,450

Accounts Receivable                             $150,000

Supplies                                                  $29,255

Total current assets                               $179,255

Fixed Assets

Equipment                            $295,285

Accumulated Depreciation -$238,760  $56,525

Stock Investment                                     $172,000

Total Fixed assets                                    $228,525

Total Assets                                              $407,780

Total Assets = Total current assets + Total fixed assets

7 0
3 years ago
Written notice of an Investigative Report must be given within ______ advance notice before the report beings.
Tpy6a [65]

Answer:

3 days.

Explanation:

An Investigative report can be defined as a report prepared by a forensic expert or professional in the unraveling of a crime or issue.

Written notice of an Investigative Report must be given within 3 days advance notice before the report beings.

Basically, an investigative report is required or expected to give an insured person not more than 3 days advance written notice before the report will begin.

3 0
3 years ago
Brynn's Bakery runs an advertisement touting the importance of diet and exercise. It also mentions how Brynn's is a valuable mem
Burka [1]

Answer:

institutional

Explanation:

Institutional advertising refers to advertising that shows the benefits and ideals or an organization. It does not focus on any particular product or service, instead its main goal is to build a positive image of the organization within the community. Many times institutional advertising is done when the organization has suffered from a serious of events that have damaged its reputation and it needs to improve it.

8 0
3 years ago
True/ false any procedure that is used to make employee selection decisions is construed to be a test.
larisa86 [58]
The answer that I choose was false
7 0
3 years ago
Other questions:
  • The local board of education wants to prohibit students from bringing cell phones to school. What new evidence might be
    11·2 answers
  • The table below shows a summary of Kaitlin's credit card statement for the month of February.
    6·1 answer
  • How do you change the number of rows and columns displayed for an embedded Excel object on a PowerPoint slide?
    11·1 answer
  • Daniel, his parents, and three brothers own all the stock of their family farm corporation and each person takes an active role
    15·1 answer
  • sells subscriptions for $ 120 for 30 issues. The company collects cash in advance and then mails out the magazines to subscriber
    11·1 answer
  • Identify which of the following is not generally a right of common stockholders. Vote at stockholders' meetings Manage operation
    14·1 answer
  • All of the following are concepts learned in English courses except O A. how to speak the language. B. literary criticism. C. gr
    12·1 answer
  • The environmental protection agency of a county would like to preserve a piece of land as a wilderness area. The current owner h
    14·1 answer
  • Tata Motors is an Indian multinational automotive company headquartered in Mumbai and a core member of the very successful Tata
    15·1 answer
  • The main function of insurance is to Group of answer choices make healthcare free. reduce total spending on healthcare. pool the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!