Answer:
What amount should be reported in the company's income statement as income from continuing operations?
$54000
Explanation:
revenue 600000
Operating expenses -420000
Interest expense -20000
gain on sale of investments 30000
restructuirng cost -100000
Income 90000
Tax rate 40%
tax expense 36000
Net income 54000
Answer:
$225,000
Explanation:
Computation for Ivory Corporation's 2019 deduction for the above amounts.
In a situation where a Corporation uses the accrual method such Corporation cannot in any way claim a deduction for an accrual with respect to a related party reason been that the recipient have to reports the amount as income.
Therefore Ivory Corporation cannot deduct the $25,000 bonus which was attributable to Oscar because Oscar is the related party until the year 2018.
Ivory Corporation should go ahead and deduct in 2017 the salary payments which is been made to each shareholder plus the accrued bonus to Craig, or $225,000
Salary of $100,000 + Salary of $100,000 + $25,000 bonus
$225,000
Argyll Realty practices Nonexclusive single agency
<h3>
What is a Non-exclusive single agency?</h3>
A Non-exclusive Buyer Agency Agreement allows you to hire more than one Realtor to find you a home; however, you must notify each agent with whom you work that another agent is involved, as well as whether they have shown you specific homes.
A non-exclusive agreement allows the buyer to work with other agents. An exclusive agreement means that the buyer will only work with that real estate agent.
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The answer in the space provided is user interface. It enables you to interact with the operating system as it is a system that enables you to use to interact with your computer. It is a way of how you can access your operating system and interact with the programs or appications that are placed or saved on your computer.