That statement is false.
WHAT ARE "OPERATING ASSETS"?
Operating assets are assets acquired for use of the ongoing operations of a business.
OPERATING ASSETS INCLUDE:
Inventory, accounts receivable, & fixed assets.
WHY IS IT FALSE?
This statement would've been correct up until this point: "but not any depreciable fixed assets."
D I think I could be wrong lmk
Answer:
c. corporation
Explanation:
A corporation is a type of business ownership that recognizes a business as a separate entity from its owners. Legally, a corporation is an independent person with commercial rights like any other person. A corporation is entitled to de business, incur debts, acquires assets, and make profits.
A corporation is expected to file its income tax returns at the end of every financial year. The owners of a corporation or its shareholders are also expected to file their separate income tax returns. An element of double taxation arises the business is taxed, and the owners are also taxed separately. In the other form of business ownership, the business incomes pass as owner's income resulting in single taxation.
Answer:
a) Absolute Value Inequality => Absolute(0 + y) < 2
b) -2 < y < 2
Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.
Explanation:
<u><em>Johnson Family has to live within the range of -2 to +2 from the fire department.
</em></u>
<em>a) Absolute Value Equation:</em>
Absolute(0 + y) < 2
where y represent the location of the new house and 0 represents the location of the fire department.
Furthermore,
<em>Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve. </em>
and
<em>Absolute(0+y) <2 = -(0 + x) < 2 when (0 + y) is -ve.
</em>
b) When (0 + y) is +ve,
we have, (0 + y) < 2.
<em>Solving for y and subtracting 0 from both sides. </em>
0-0 + y < 2 - 0
<em>y < 2</em>
and when (0 + y) is -ve,
<em>we have, - (0 + y) < 2.
</em>
Solving for y:
- 0 - y < 2
multiplying negative from both sides
<em>y > - 2</em>
<em>So, we have -2 < y < 2 </em>
<em>Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible. </em>
Answer:
$176,800
Explanation:
Operating income ×income tax rate
$520,000 × 34% = $176,800
Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.
