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Alex777 [14]
3 years ago
13

Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct

ed in the current periodB. Tax depreciation for the period exceeds book depreciationC. A goodwill impairment expense is recorded on the income statement
Business
1 answer:
Black_prince [1.1K]3 years ago
3 0

Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

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Jeff and Robert form KS VENTURES Corporation. Jeff transfers property (basis of $105,000 and fair market value of $90,000) while
Komok [63]

Answer:

The answer is: B) Neither Jeff nor Robert has any recognized gain or loss.

Explanation:

Both Jeff and Robert are contributing different assets to form KS Ventures Corporation. Jeff will transfer property at its fair market value ($90,000) and Robert will also transfer property at fair market value ($70,000) plus $20,000 in cash to equal Jeff's contribution. They haven't gained or lost anything, each still has 50% of stock ($90,000) of KS Ventures Corporation.

4 0
3 years ago
In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalen
Zigmanuir [339]

Answer:

The value of materials transferred out is $224,000

Explanation:

The condition for the units for transferred is that they must have been completed 100% with respect to equivalent unit cost,hence the materials transferred out should be valued at full $8.00 per direct material.

The value of materials transferred out=28,000*$8.00

                                                              =$224,000

The value of WIP=$8.00*85%*14,400

                           =$97,920

The closing WIP of $97920  would be the beginning inventory in production next period an would ultimately form part of materials completed and transferred next period.

8 0
3 years ago
suppose that a commercial bank wants to buy treasury bills. these instruments pay $500 in one year and are currently selling for
Yuliya22 [10]

Answer:

9.98%

Explanation:

YTM is the estimated return expected from an investment held until its maturity. it is a long term yield which is expressed in annual term

Annual Payment = $500

Current price = $5,012

Yield to maturity = ( Annual payment / Current price ) x 100

Yield to maturity = ( $500 / $5,012 ) x 100

Yield to maturity = 0.0998

Yield to maturity = 9.98%

5 0
3 years ago
Tips for Successful LinkedIn Prospecting?
Dmitriy789 [7]

Answer:

Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

  • Make LinkedIn Your Second Home
  • Show’em What you Got For Them
  • Tweak and Polish Your Profile
  • Connect With Strategy
  • Be more personal

7 0
2 years ago
PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t
Alexxx [7]

PlastiPharm would want to perform the additional testing because:

  • The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts). (Option C)
  • Testing all the parts addresses any questions that customers might have about quality or performance of materials. (Option D)

<h3>Why do manufacturers carry out testing?</h3>

Rigorous testing is usually carried out by companies to ensure that defects and hazards are detected before the products are sent out into the market.

This way, their liability from product defects is reduced or eliminated completely.

Learn more about testing at;
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8 0
2 years ago
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