Answer:
Marigold Corp.
The segments to be disclosed in accordance with professional pronouncements are:
a. Segments A, B, C, and D
Explanation:
a) Data and Calculations:
Operating
Segments Total Revenue Profit (Loss) Identifiable Assets
A $254,500 $30,300 $899,000
B 599,500 (55,700) 801,500
C 225,500 52,004 49,000
D 90,800 4,700 226,000
Total $1,170,300 $31,304 $1,975,500
b) According to professional pronouncements and U.S. Generally Accepted Accounting Principles (GAAP), public companies must report a segment if the segment accounts for 10% of total revenues, 10% of total profits, or 10% of total assets. The main purpose for presenting financial information by segments is to provide users of financial statements with information for making more informed economic decisions.
Answer:
$45,500 is the correct answer.
Explanation:
Answer:
D) a government employee illegally discriminating against another during performance of his or her official duties.
Explanation:
The term, under the colour of state law is used to show the situation whereby an individual claims that his or her actions are legitimized as a result of his role as a governmental agent. This is done when those actions are illegal. For example, denying a person a car lincense just because, the person happens to be of different skin colour.
Answer:
A) The first household.
Explanation:
The tax of the first household = $20,000 x 20% = $4000
The tax of the second household = $47,000 x 17.5% = $8225
The tax of the third household = $50,000 x 13% = $6500
The tax of the first household = $71,000 x 10% = $7100
A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners.
<u>Hence Household A which earns the lowest income pays the highest tax</u>
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