Answer:
should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills
Answer:
285,000 common stock outstanding with a $8 par value
it declares 13% stock dividend
market price at $16
since the stock dividend is considered small (less than 20%), we use the market price to record it
December 1, 202x stock dividends are declared (37,050 stocks)
Dr Retained earnings 592,800
Cr Common stock dividends distributable 296,400
Cr Additional paid in capital 296,400
December 31, 202x, distribution of stock dividends
Dr Common stock dividends distributable 296,400
Cr Common stock 296,400
Answer:
Total taxable income = $245,000
Total Tax = $84430
Explanation:
given data
11% of first = $40,000 profits
22% of next = $26,000
39% of next = $29,000
42% of over = $95,000
gross revenues = $380,000
total costs = $120,000
allowable tax deductions = $15,000
to find out
taxable income for the first year and how much should the company expect to pay in taxes
solution
we get here first Total taxable income that is
Total taxable income = Total revenue - (Total cost + Tax deductions ) .......................1
put here value we get
Total taxable income = $380,000 - ($120,000 + $15,000 )
Total taxable income = $380000 - $135000 = $245,000
so total tax will be
Total Tax = [0.11 × 40000 + 0.22 × 26000 + 0.39 × 29000 + 0.42 × (245000 95000) ]
Total Tax = 4400 + 5720 +11310 +63000
Total Tax = $84430
Answer:
National Park Tours Co.
Journal Entries
Sr. No Account Debit Credit
1) Cash 75,000 Dr
Beth Worley Capital 75,000 Cr
Invested in capital.
2) Supplies Expense 900Dr
Cash 900 Cr
Bought Supplies
3) Equipment 8000 Dr
Cash 1600 Cr
Accounts Payable 6400 Cr
Bought Equipment.
4) Operating Expenses 6280Dr
Cash 6280 Cr
Spent on Operating Expenses
5) Accounts Receivable 12300Dr
Fees Earned 12300 Cr
Provided Services on Account.
6) Accounts Payable 2700Dr
Cash 2700 Cr
Paid cash for a liability raised previously.
7) Cash 8,150Dr
Accounts Receivable 8,150 Cr
Received Services fees.
8) Supplies Expenses 660Dr
Supplies 660 Cr
Supplies expenses charged.
9) Beth Worley, Drawing 2500Dr
Cash 2500 Cr
Withdrew for personal use.
