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snow_tiger [21]
3 years ago
5

Knollcrest Corporation has a cumulative book loss over the past 36 months. Which of the following statements best describes how

this fact enters into the valuation allowance analysis? A. The book loss is considered sufficient negative evidence that a valuation must be recorded.B. The book loss is considered negative evidence that must be evaluated along with other evidence as to whether a valuation allowance should be recorded.C. The book loss is not considered negative evidence because it relates to book income and not taxable income.D. A cumulative book loss is considered negative evidence only after a period of 60 months.
Business
1 answer:
ziro4ka [17]3 years ago
6 0
It would be 60 months
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Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom.
rosijanka [135]

Answer:

a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.

Explanation:

When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.

The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.

This is common when a person forgets his property in a place.

In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done

4 0
3 years ago
You have just completed a $ 24 comma 000 feasibility study for a new coffee shop in some retail space you own. You bought the sp
ikadub [295]

Answer:

$150,300

Explanation:

The computation of the correct initial cash flow is shown below:

= Capital expenditure + net after taxes + initial investment in inventory

= $33,000 + $112,000 + $5,300

= $150,300

The net after taxes is also term as opportunity cost

And, the initial investment in inventory is also term as change in working capital

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
cehgg In general, what is the limitation on the deductibility of business interest expense? What happens to any business interes
qaws [65]

Answer:

Business interest deduction limitation does not allow net business expenses (business interest expense less business interest income) greater than 30% of the adjustable tax income of the business.

Amounts that fall into this category can be carried for Ward to future tax years for indefinite number of times until it can be applied.

Individuals exempted from business income deduction limitation include real estate and farming businesses. For these businesses they are not automatically exempted, but must elect to be exempted.

Explanation:

8 0
3 years ago
Some companies attempt to maximize the revenue they receive from fixed operating capacity by influencing demands through price m
rosijanka [135]

Answer: Revenue management  

Explanation: Revenue management is the process under which an organisation tries to analyze the consumer behavior. This analysis is further used for the objective of making product available in right quantities  and at right price so that revenue could be maximized.

In the given case, the company is trying to influence demand by manipulating price, thus , they most be analyzing the relevant factors to do so.

Hence, we can conclude that this is an example of revenue management .

7 0
3 years ago
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labo
Kryger [21]

Answer:

The statement of cost of goods manufactured is given below.

Statement of Cost of Goods Manufactured

Direct Material             $ 71,000

Direct Labour Cost      $ 37,000

Indirect Labour Cost   $   2,700

Indirect Material Cost $   1,600

Utilities                         $  3,100

Maintenance               $   4,500

Supplies                      $   1,800

Depreciation               $   7,900

Property Tax               $  2,600

Total Cost                   $ 132,200

o/p WIP                       $     5,500

c/l WIP                         ($     7,500)

COGM                          $ 130,200

6 0
3 years ago
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