Answer:
The statement is: True.
Explanation:
The disposal of assets implies removing assets from a company's accounting books. By doing so, the company must record the gain or loss over the asset when the disposal happens. That is determined by comparing the book value of the disposed asset with the market value of the acquired assets -if any.
Answer:
Monthly contribution $6,000
Employers contribution $3,000
Explanation:
The employee contributions would be 6% of $50,000
=6/100 x $50,000
=0.06 x $50,000
=$3,000
If the employer matches the employee contribution, the employer will also contribute $3,000
The total employee monthly contribution would be $3000 + $3000= $6000
Employer contribution will $3000
Answer:
Explanation:
The following items were deducted and added in the Schedule M–1 reconciliation
Additions:
C. Federal income tax per books.
D. Capital loss in excess of capital gain.
F. Premiums paid on life insurance policies covering executives (corporation is beneficiary).
Subtractions:
A. Life insurance proceeds received upon death of covered executive.
B. Tax depreciation in excess of book depreciation.
E. Charitable contributions in excess of taxable income limitation.
G. Domestic production activities deduction.
Answer:
B) False
Explanation:
Earning dilution or diluted EPS takes into account the income that the target firm would add to the acquirer's net income and all the dilutive securities like convertible debentures , stock options etc . When converted , it increases the no of shares outstanding which decreases the EPS.
So the statement that EPS is not diluted in the process is wrong.
Answer:
Which of the following statements are true? It depends on the car
Explanation:
The vehicle length determines whether the rear gear wheels will follow a shorter path than the front wheels or otherwise