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mrs_skeptik [129]
3 years ago
10

g This year, Nilo Inc. granted nonqualified stock options to 230 employees. For financial statement purposes, Nilo recorded a $1

79,200 expense for the estimated value of the options. As a result of this transaction, Nilo has a:
Business
1 answer:
serg [7]3 years ago
7 0

Answer:

temporary unfavorable book/tax difference

Explanation:

Given that

There is an unqualified stock options for 230 employees

And, the expenses are recorded at $179,200

So based on the above information the nike have temporary also adverse book or tax difference

as this given transaction does not represent the permanent one so it should be considered as temporary

You might be interested in
Assignment:
Talja [164]

In-depth research is needed on the advantages and disadvantages of the three forms of business ownership and alternative types and what type of ownership you would be most comfortable with.

<h3 /><h3>Sole Proprietorships</h3>

It is a form of company in which only one person is responsible for management, with no legal distinction between the owner and the company.

The advantages are the less bureaucracy and lower interest rate. The disadvantages are the difficulty in obtaining financing and business credit.

<h3 /><h3>Partnerships</h3>

It is a professional relationship between two or more people to carry out a business. The advantages are the sharing of risk and responsability. The disadvantages are related to the loss of autonomy and conflicts.

<h3 /><h3>Corporations</h3>

It is an entity that has a legal status separate from its owners. The advantages are the ease of obtaining credit and protection from the liability of partners. The disadvantages relate to greater bureaucratization and formalities.

<h3 /><h3>Franchises</h3>

It is a business system where royalties are paid to a franchisor for the right to sell the same products and services. The advantages of franchising is the value of the brand and customer perception. The disadvantages are the high investment and maintenance of the business.

<h3>Nonprofit Organizations</h3>

It is an entity whose objective is to offer social benefits and to the general public, non-profit. The advantages are employee motivation and commitment and the disadvantages are social pressure and lack of financial resources.

<h3 /><h3> Cooperatives</h3>

It is an association of people who unite autonomously to meet their economic, cultural and social objectives and needs. The advantages are democratic management and ease of starting, while the disadvantages are less control and limited profitability.

Find out more information about Sole Proprietorships here:

brainly.com/question/19176489

6 0
2 years ago
Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,350,000. The buildin
Volgvan

Answer:

Building = $1,340,000

Land = $1,675,000

Furniture and fixtures = $335,000

Explanation:

This is an example of Basket Asset Purchase whereby a number of assets purchased as one package.

Initial value of each asset is are determined by the Basket Asset Purchase  based on their relative fair market value as follows:

Building = $3,350,000 × [$2,560,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.4 = $1,340,000

Land = $3,350,000 × [$3,200,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.5 = $1,675,000

Furniture and fixtures = $3,350,000 × [$640,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.1 = $335,000

Therefore, the initial values of the building, land, and furniture and fixtures would be $1,340,000, $1,675,000, and $335,000 respectively.

6 0
3 years ago
How much would a mansion cost in the 1800s
zubka84 [21]
1856 $500 1869 $3,000
3 0
3 years ago
Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Grace [21]

Answer:

Fixed costs = $13,000

Variable costs = $450,000

Explanation:

Fixed costs are costs that do not vary with production. In this question, they are rent payments and monthly payments on meat packaging equipment.

Fixed cost = $10,000 + $3,000 = $13,000

Variable costs are costs that vary with production. In this question, they are the cost of purchase of raw meat, wages and fuel costs.

Variable costs = ($20 + $90 + $40) × 3000 = $450,000

I hope my answer helps you.

8 0
3 years ago
Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized
Dmitrij [34]

Answer:

<u>Redemption of Old Bonds</u>

4-30-17   Bonds Payable                              $311000 Dr

              Loss on Bond Redemption           $26550 Dr

                       Discount on Bonds Payable        $11000 Cr

                       Cash                                                $326550 Cr

<u>Issuance of New Bonds</u>

3-30-17   Cash                                                 $314110 Dr

                     Premium on Bonds Payable            $3110 Cr

                     Bonds Payable                                  $311000 Cr

Explanation:

<u>Redemption of Bonds Payable</u>

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000    =  $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105%  =  326550

Thus, there was a loss on redemption of = 326550  -  300000  = $26550

<u />

<u />

<u>Issuance of Bonds Payable</u>

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101%  - 311000  

Premium = $3110

3 0
3 years ago
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