Answer:
E&P $1,200,000 × 25%= $300,000 reduction
Crane Corporation would reduce its E & P in the amount of $300,000 as a result of the redemption.
This represents a 25% decrease in the amount of the E & P corresponding to the 25% stock redemption.
When a stock redemption results in sale or exchange treatment for the shareholder, the E & P account of a corporation is reduced in an amount not in excess of the ratable share of the E & P of the distributing corporation attributable to the stock redeemed.
As such, none of the expense of $13,000 of accounting and legal fees or other is deductible.
In Brazil, Chase's strategy is to focus on providing competitive online solutions, moving away from physical banks.
Answer: See explanation
Explanation:
Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.
Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.
After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.
Answer:
Psychological pricing
Explanation:
Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.
Answer:
Drink pouch
Explanation:
The Drink pouch will the best best choice for the packaging of the turmeric shake. It is 12 ounce drink pouches that are fitted with screw tops which are resealable, lightweight and portable. The pouches are inexpensive to purchase.
It is the best choice as the customers wants the packaging style that offers them the convenience in storage as well as in consumption. The drink pouches are designed such that it can be resealed and the lightweight of packaging material is convenient to carry places. Also the cost of the drink pouch is 12 ounce which keeps the production cost low, that preserves in the Fine Fettle's profit margin.
