Answer:
a) Calculate Roquan’s deduction for qualified business income.
qualified business deduction:
- 20% of qualified business income AND less than 20% of total income
- Since Roquan is a single filer, his AGI cannot exceed $213,300.
Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000
b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.
Answer:
All the 4 statements are correct.
Explanation:
The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.
Answer:
Matching the different types of communications with their descriptions:
Types of Communication Descriptions
business letter : a formal way to communicate with people
outside your organization
business report : a way to communicate financial information
note : an informal handwritten message
memorandum : a formal way to communicate with people
inside your office
Explanation:
a) Data:
Types of Communication:
business letter
business report
note
memorandum
Pairs
a formal way to communicate with people outside your organization
an informal handwritten message
a formal way to communicate with people inside your office
a way to communicate financial information
b) In Business, choosing the means of clear communication is very essential. The format used to communicate internally is not the same format for communicating externally. Even, within an organization, there are still different communication formats. A handwritten note can be used instead of memorandum for some communications depending on the formality required. Presenting a business report is more formalized than a handwritten note, for instance.
Answer:
The main reason behind using the residual income in place of rate if income is that the manager always goes for that project that gives maximum benefit to the organization.
Explanation:
The main reason behind using the residual income in place of rate if income is that the manager always goes for that project that gives maximum benefit to the organization.
As residual income is referred to income that calculated after deducting all debt and expenses occur on the project. ROI is a way to predict the profit of the project while residual income calculates the net income that the organisation generates from the project.
The board of directors will pay dividends to the stockholders.
