Answer:
Bill is also equally and somewhere more liable as he is the employer.
Explanation:
Although in records it might seem that George did the falsify act, but for that he required the permission of his employer.
When the fact is clearly stated that George did this on direction of his employer Bill, and that Bill demanded this intentionally in order to present extra profits, he is more liable for this false act.
As George is the employee, he is bound to follow the directions of his employer. Thus Bill is crucially liable for this act, as he is an important reason for this act.
Answer:
A January 1, 2020
Dr Cash $54,600
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
Cr Common stock $26,000
Cr Paid in capital in excess of Par $27,820
Explanation:
Preparation of the entry for Stonewall Corporation
A January 1, 2020
Dr Cash $54,600
($52,000+$2,600)
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
(5%*$52,000)
(To record issue of bonds for premium)
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
(100%-30%*$2,600)
Cr Common stock $26,000
(52*10*50)
Cr Paid in capital in excess of Par $27,820
($52,000+$1,820-$26,000)
(To record conversion of bonds into Common Stock)
Answer: (C) Collect relevant information
Explanation:
According to the given question, the Pennington superstore is one of the women fashion store which is specialized in the Plus- size and based on the given statement it basically reflect the relevant information marketing research process.
The process of collecting the relevant information about the specific topic helps in analyzing the necessary data about the company on the basis of the customer requirement.
According to the given question, the process of reflecting about the relevant marketing research information is to collect the relevant data or information on the specific concept.
Therefore, Option (C) is correct answer.
Answer:
B) $24,500
Explanation:
ABC's foreign tax credit should be $25,000, but there is a foreign tax credit limitation that it cannot exceed, that limitation would be:
[foreign income / (domestic income + foreign income)] x domestic tax liability
= [$80,000 / ($120,000 + $80,000)] x $61,250 = $24,500
Since $24,500 is lower than $25,000, then you have to take $24,500
I could be wrong but id say d
