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andreyandreev [35.5K]
3 years ago
15

Bedford had this info at the end of 2015, its first year of operations: No other permanent or temporary differences exist. The l

itigation item will be paid in 2018. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/15 Income Tax Payable is:

Business
1 answer:
Alex73 [517]3 years ago
5 0

Answer: $150,000

Explanation:

Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.

= 900,000 + 100,000

= $1,000,000

As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;

= 1,000,000 - 300,000

= $700,000

Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.

= 700,000 - 200,000

= $500,000

2015 Income Tax Payable = 500,000 * 30%

= $150,000

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Suppose that the federal reserve decides to decrease the money supply with a $300 sale of treasury bills. Complete the tables th
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The monetary base is a liability, whereas Treasury notes are assets.

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<h3>What do we mean by asset?</h3>

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3 0
1 year ago
State 3 advantages in setting up a business in Maldives?
evablogger [386]

Answer:

1. No restrictions on sending their earning profit to their own country

2. It takes maximum of 30 days to complete the entire process of company registration in Maldives

3. The government encourages projects that are environmentally friendly

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2 years ago
Explain why we can say that maximizing firm value is equal to maximizing stockholders’ equity.
Pachacha [2.7K]

Answer:

Because stakeholders are a part of the company

Explanation:

Stakeholders and stockholders are the people who are considered as a major part of any organisation. Shareholders, managers, owners and employees are the stakeholder. Increase in the firm’s value indirectly benefits the shareholders because it also improves their value and it also maximises their shareholder equity. Increase in the firm’s value means an increase in the share price and equity.

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3 years ago
The primary reason companies declare a large stock dividend or a stock split is to lower the trading price of the stock to a mor
Veseljchak [2.6K]

Answer:

true                                  

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A stock dividend refers to the payout to owners that is provided not in cash but in equity. The stock dividends does have the benefit of paying stakeholders without lowering the cash flow for the business.

A stock split and option split is growing a company's amount of assets. A stock split triggers a fall in the trading price of actual securities, which does not trigger a shift in the business's market capitalisation.

Thus there is no monetary gain benefits from both the methods they are just implemented to adjust price of shares.

 

3 0
3 years ago
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