Answer: $150,000
Explanation:
Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.
= 900,000 + 100,000
= $1,000,000
As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;
= 1,000,000 - 300,000
= $700,000
Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.
= 700,000 - 200,000
= $500,000
2015 Income Tax Payable = 500,000 * 30%
= $150,000
Answer:
Check the explanation
Explanation:
Liquidating distributions in the problem are made in accordance to the preferred stock Since the activities may not meet the Section 332 requirements, the Section 332 rules will not apply to the case cited in the problem This means, Parent has to recognize a capital loss of 8.50,000 on the distribution The capital loss can only be used to offset capital gains.
Under the Section 165(03) rules for affiliated corporation's worthlessness securities, Parent can recognize an ordinary loss of 8.500,000 on the common stock The ordinary loss can be sued to offset ordinary income.
<span>It created the Federal Trade Commission</span>
Answer:
C. efficient economies make capital accumulation unnecessary.
Explanation:
Hypotheses is the explanation behind any phenomenon or theory. When there is a study of correlation between factor accumulation and production efficiency, the established and efficient economies can best depict such relation.
For this, efficient economies do make the capital accumulation necessary.
With the the statement "C" is clearly not correct. As the theory can be best explained through studies on efficient economies.
Answer:
Explanation:
its going to be a in Its own words with desription of the customers's cuurent condition