3 years ago

Minimum wage is a common example of what? A. price ceilings

Business

2 answers:

Vikentia [17]3 years ago

8 0

Ration ghghghhghghghghgh

Phoenix [80]3 years ago

3 0

Answer:

Its actually C. price floors

Explanation:

Price Floors are limits set to protect individuals and goods

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Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe

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Answer: $315,000 deferred tax asset

Explanation:

The amount that Dwyer should record as a net deferred tax asset or liability for the year ended December 31, 2007 will be calculated thus:

= ($2400000 – $1500000) × 35%

= $900000 × 35%

= $900000 × 35/100

= $900000 × 0.35

= $315000.

Therefore, the answer is $315,000 deferred tax asset

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Im pretty sure its C

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3 years ago

What does it mean if the government runs out of money

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2 years ago

Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro

r-ruslan [8.4K]

Answer:

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

Cr Revenue from investment in Silva Company 349,560

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

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