Answer:
Explanation:is called Eminent domain
If you make a charitable contribution to a qualified organization, then you are eligible for a tax deduction.
#PLATO4LYFE
I think it is collected by the federal government but i am not sure.
Hope this helps! :)
Answer:
The deferred income tax liability that must be recognized in the consolidated balance sheet is $186960.
Explanation:
undistributed income = SRS reported net income - paid dividends
= $515,000 - $105,000
= $410000
share of Marc, inc = 70%×$410000 = $287000
taxable income = undistributed income + share of Marc, inc - non taxable portion
= $410000 + $287000 - 80%×287000
= $410000 + $287000 - $229600
= $467400
since the tax rate is 40%, the deferred income tax payable is
40%×$467400 = $186960
Therefore, the deferred income tax liability that must be recognized in the consolidated balance sheet is $186960.
Answer:
See below
Explanation:
The company's cash flow to creditors is the total amount of money available to be paid to creditor. It is a cash flow because the money goes out of the company in order to be paid to creditors
Therefore, the company's cash flow to creditors is computed as;
= Interest paid - (Ending long term debt - Beginning long term debt)
= $4,201 - ($43,118 - $37,761)
= $4,201 - $5,357
= -$1,156
Hence, operating cash flow to creditors is -$1,156