Answer:
Plum Corporation
The best choice is:
B. Assume that Plum will distribute its after-tax earnings each year to its shareholders. Should Plum operate as a C corporation or an S Corporation?
Explanation:
a) Tax is the greatest difference existing between a C corporation and an S corporation. With a C corporation, the earnings are taxed twice. When the C corporation earns income, it is taxed as a corporation. When it distributes the after-tax earnings, the owners are taxed again in income tax. This does not happen with an S corporation. The S corporation does not pay corporate tax, instead, its owners pay their individual income taxes because the corporation's incomes are passed through the members.
The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.
Now you'll start making adjustments. If you're starting your budget from scratch, and therefore the monthly amount is the same, you'll be able to enter the primary month. Then click “Copy Across” and therefore the amount will populate for the complete year. Or, if you have already got data from a previous year, you'll be able to click “Adjust Row Amounts” and choose to extend or decrease the monthly amount by a particular amount or percentage. This makes updating budgets much faster and allows for consistency and easy use.
The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.
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As trade becomes more widespread, specialization increases, which in turn increases productivity.
The aggregate impacts of specialization on the economy are huge in nature. Generally, people who are specialized in a particular field develop new techniques and technologies which leads to huge increases in productivity.
Increased specialization again leads to higher standards of living for all those persons who are involved in economic exchanges.
An individual is considered to become economically specialized when he focuses on his productive efforts.
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After accounting for bad debt expense, the remaining amount in the allowance for doubtful accounts is $7,950.
<h3>
What is bad debt?</h3>
Bad debt, sometimes referred to as uncollectible accounts expense, is a sum of money owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for a variety of reasons, frequently due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. Depending on accounting practices, regulatory considerations, and the institution provisioning, there are many technical definitions of what a bad debt is. Bank loans in the USA are referred to as "problem loans" if they are more than 90 days overdue. Accounting sources recommend deducting the entire amount of a bad debt from profit and loss or from a provision for bad debts as soon as it is anticipated.
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