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spin [16.1K]
3 years ago
10

The last in line for the payment of profits are the:_______ a) boundholders b) common stockholders c) preferred stockholders d)

government e) customers.
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

common stockholders

Explanation:

After taxes have been paid to the government, bondholders are paid.

Bondholders are those who borrow money to a company. They are paid fixed contractual amount at set dates

After bondholders have been paid, preferred stockholders are paid.

common stockholders are the last to be paid. common stockholders are owners of the company. common stockholders are individuals that purchase the shares of a company

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In 20X1, Modern Property Groups collected rent revenue for 20X2 tenant occupancy. For financial reporting, the rent is recorded
vekshin1

Answer:

Debit deferred tax asset for $12,000

Debit income tax expense for $18,000

Credit income tax payable for $30,000

Explanation:

The journal entries will look as follows:

<u>Date     Account Name and Description       Debit ($)      Credit ($)   </u>

20X1     Deferred tax asset (w.1)                        12,000

             Income tax expense (w.3)                    18,000

                Income tax payable (w.2)                                      30,000

<em><u>             (To record income taxes at the end of 20X1.)                             </u></em>

Workings:

w.1: Deferred tax asset = Deferred portion of the rent collected in 20X1 * Tax rate = $40,000 * 12% = $12,000

w.2: Income tax payable = Taxable income * Tax rate = $100,000 * 30% = $30,000

w.3: Income tax expense = Income tax payable - Deferred tax asset = $30,000 - $12,000 = $18,000

7 0
3 years ago
The Comil Corporation recently purchased a new machine for its factory operations at a cost of $328,325. The investment is expec
Solnce55 [7]

Answer: 15%

Explanation:

IRR is the discount rate that makes the NPV equal zero. Required rates of return that are less than the IRR will therefore result in a positive NPV and those that are higher will result in a negative NPV.

Use Excel to find the IRR.

= IRR(-328325,115000,115000,115000,115000)

= 15%

As the required rate of 13% is less than the IRR of 15%, the new machine will have a positive NPV.

6 0
2 years ago
Factors leading to the slow growth of demand for products in embryonic industries include all of the following EXCEPT: a. poorly
victus00 [196]

customer passion for the products

3 0
3 years ago
Goods that that are normally consumed together, like peanut butter and jelly, are what kind of goods?
nirvana33 [79]
Goods that are normally consumed together are known as 'Complimentary Goods' i.e. they compliment one another.

Other examples include toothbrush and toothpaste or Car and Gasoline.

Car and Gasoline is a classic example of complementary goods since the increase or decrease in the demand for one product has a direct impact on the other.

For example, when Gasoline prices start to decline, there is generally an upward trend in the purchase of new cars and vice versa.


7 0
2 years ago
A Missouri job shop has four departmentsmachining ​(M), dipping in a chemical bath​ (D), finishing​ (F), and plating ​(P)assigne
Vlad [161]

Answer:

Plan A cost $26,000

Explanation:

(21 * 6) + (13 * 18) + (19 * 2) + (7*4) + (11 * 2) + (4 * 18)

126 + 234 + 38 + 28 + 22 + 72

52,000 * 0.50 = 26,000

6 0
3 years ago
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