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AVprozaik [17]
3 years ago
11

Bali Inc. reported $605,800 net income before tax on this year’s financial statements prepared in accordance with GAAP. The co

rporation’s records reveal the following information.
• Depreciation expense per books was $53,000, and MACRS depreciation was $27,400.

• Bali sold business equipment for $100,000 cash. The original cost of the equipment was $125,000. Book accumulated depreciation through date of sale was $48,000, and MACRS accumulated depreciation through date of sale was $63,000.

• Bali sold investment land to Coroda, a corporation owned by the same person that owns Bali. The amount realized on sale was $115,000, and Bali’s basis in the land was $40,000.

• Bali sold marketable securities to its sole shareholder. The amount realized on sale was $51,450, and Bali’s basis in the securities was $75,000. Compute ZEJ’s taxable income.
Business
1 answer:
kodGreya [7K]3 years ago
4 0

Answer:

$669,950

Explanation:

Computation of taxable income

Bali’s net book income before tax$605,800 Excess of book over tax depreciation25,600

Book gain on equipment sale$(23,000)

(53,000-27,400)

Tax gain on equipment sale38,000 15,000

(23,000-38,000=15,000)

Nondeductible loss on sale to related party 23,550

(75,000-51,450)

Taxable income$669,950

(605,800+25,600+15,000+23,550)

Therefore the taxable income will be $669,950

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One of the easiest methods of diversifying away firm-specific risks is to: Multiple Choice build a portfolio with 40 to 55 indiv
Ratling [72]

Answer:

Option D. purchase the shares of a Index fund.

Explanation:

The reason is that the index funds are itself a mutual fund investment and they follow preset rules which helps an ordinary investor to understand those rules easily. Furthermore, they are already a diversified investment, hence investing in the shares of mutual fund makes the investment risk diversified investment.

4 0
3 years ago
Which of the following is a similarity between a sole proprietorship and a partnership?
r-ruslan [8.4K]

The similarity between a sole proprietorship and partnership is that Both their earnings are untouched by the Internal Revenue Service

<h3>What is Sole proprietorship?</h3>

Sole proprietorship is a business Enterprise that is owned and run by an individual person.

The individual person is the risk taker.

<h3>What is partnership?</h3>

Partnership refer to any business Enterprise that is own and run by two or more people.

Therefore, The similarity between a sole proprietorship and partnership is that Both their earnings are untouched by the Internal Revenue Service.

Learn more about proprietorship from the link below.

brainly.com/question/375502

7 0
2 years ago
Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number an
Mars2501 [29]

Answer:

The correct answer is True.

Explanation:

A good supply chain aims to maximize the profitability of the company while trying to provide the best service in order to obtain a high degree of customer satisfaction. That is why, when planning the design, it must be customer oriented and not only focused on the company.

Steps prior to the design of the supply chain

When designing the supply chain, there are several points to consider in order to obtain a coherent and functional design.

  • The members that become part of the chain. The first thing to be fixed are the members that are part of the chain, since this will be the guide to go through the rest of the steps. Within this, a subdivision could be carried out, but it is worth mentioning that an agent can be a principal or support agent jointly depending on the work to be done at each moment:
  • Principal. They are the ones that provide direct value to the product or service.
  • Of support. They are those members whose function is to provide information or resources to the main members, such as banks.
  • Structure that forms the chain, that is, all the phases through which a product / service passes in order to be marketed as such. At this point we must try to be as meticulous as possible and always add as much as possible all the phases that are involved, both in manufacturing and in supply.
  • Processes and flows that are carried out in each of the structures mentioned above.
8 0
3 years ago
Which of the following statements can be used to explain the growth of international business? a. Many countries in Europe and A
Trava [24]

Answer:

a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.

Explanation:

a) after WWII the US emerge as world leader taking the place of the UK and trade betwene Europe and Asia making post in the US improved global trade.

b) The postwar boom increased demand for product.

c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism

d) No, they weren't at all. Even Britain who didn't suffer land invasion has the south coast in ruins as a resutl of the aereal battle of brittian.

8 0
3 years ago
Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
lidiya [134]

Answer: Research and development

Explanation: Primary functions are those functions which ensures that the essential requirements to operate the business efficiently are met. These require monitoring by the second level managers of the organisation.

Production, marketing and finance are the basic needs of an organisation for living in the market. Research and development is not an activity without which the business won't be able to run.

Thus, we can conclude that the right answer is Option A.

6 0
2 years ago
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