THE WINNER IS cssa06160! She/he answerd the most questions with all accuracy : )!!! She will get brainliest

Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have

kicyunya [14]

Answer:

sole proprietorship

Explanation:

By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.

3 0

3 years ago

Kaspar and Ludger, two unrelated calendar year corporations, have the following transactions for 2019: Kaspar Corporation Ludger

Karolina [17]

Answer:

The dividends received deduction <u>for Kaspar Corporation is $70,000</u>, while the dividends received deduction f<u>or Ludger Corporation is $230,000</u>.

Explanation:

Note that the data in the question are merged together but they are first sorted in the attached excel file before answering the question as follows:

The dividends received deduction refers a federal tax deduction that are enjoyed in the U.S. by some corporations that receives dividends from related entities.

Based on the general rule for dividends received deduction, if the ownership by the company receiving the dividend in the company paying the dividend is less than 20%, the dividends received deduction is the 70% of the dividend received.

Since both Kaspar and Ludger have just 15% ownership which is less than 20% in domestic corporation from which they received dividends, their dividends received deduction can therefore be determined using the following formula:

Dividend received deduction = Dividend received * 70% .............. (1)

Using equation (1), we have:

Kaspar's dividend received deduction = $100,000 * 70% = $70,000

Ludger's dividend received deduction = $230,000 * 70% = $161,000

Therefore, the dividends received deduction for Kaspar Corporation is $70,000, while the dividends received deduction for Ludger Corporation is $230,000.

Download xlsx

8 0

3 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash

Finger [1]

Answer:

The adjustment for uncollectible accounts on December 31, 2018:

Debit Bad Debts Expense $10,250

Credit Allowance for Doubtful Account $10,250

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $142,000. By the end of 2018, cash collections on these accounts total $101,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $41,000 ($142,000 - $101,000 = $41,000)

Pave estimates that 25% of the uncollected accounts will be bad debts

Bad Debts Expense = 25% x $41,000 = $10,250

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $10,250

Credit Allowance for Doubtful Account $10,250

6 0

4 years ago

Many levels of energy does an atom have?

storchak [24]

Answer:

technically, atoms have an infinite amount of levels of energy, but there are most likely 7 most known levels of atoms. All levels may contain electrons.

Explanation:

8 0

3 years ago

Which of the following combinations should be avoided? a. high price and high quality b. low price and low quality c. heavy prom

NNADVOKAT [17]

Answer: heavy promotion and low (exclusive) availability

Explanation:

The wrong combination is high promotion and low availability, because when a product is highly promoted it would lead to high interest in that product from the consumers, this would lead to a high demand for that product from customers. And this high demand needs to be met with high supply, which is not the case here, therefore scarcity would set in.

4 0

3 years ago