Answer:
Explanation:
The journal entry is shown below:
Unrealized holding gain or loss A/c Dr $45,500
To Estimated liability on purchase commitments A/c $45,500
(Being the unrealized gain or loss is recorded)
The computation of the unrealized gain or loss is shown below:
= Purchase price of raw material - market value
= $1,024,100 - $978,600
= $45,500
Answer:
The answer is: A) Under our current tax laws, when investors pay taxes on their dividend income, they are being subjected to a form of double taxation.
Explanation:
A general complain by investors is that many times they suffer from double taxation.
If a corporation pays out dividends, it means that it has already paid its corporate income tax. Dividend payments are based on net profit (after taxes are paid).
Once an investor gets his dividends, they generally are included in their gross income. Some qualified dividends are taxed at lower rates. But whatever the rate used, they are being taxed again.
This happens since corporations exist as separate entities from their stockholders, so the corporation and the stockholders are taxed separately.
It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.
The answer for this question would be option A. It is important to research a school’s curriculum before deciding whether to go there in order to see <span>if it offers programs that fit your career goals. The curriculum serves as your guide on the programs that you are taking. Hope this answers your question. Have a great day.
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