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Eva8 [605]
3 years ago
5

The financial statements for Highland Corporation included the following selected information:

Business
1 answer:
ICE Princess25 [194]3 years ago
4 0

Answer:

a. Additional paid-in capital:

= Amount received from shares issued - Common stock

= (33 per share * 93,000) - 465,000

= $2,604,000

b. Beginning retained earnings:

Ending retained earnings = Beginning retained earnings + Net income - Dividend

830,000 = Beginning retained earnings + 1,120,000 - 720,000

Beginning retained earnings = 830,000 - 1,120,000 + 720,000

= $430,000

c. Treasury stock:

= Shares issued - Shares outstanding

= 93,000 - 65,000

= 28,000 shares

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Explanation:

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Answer:

$14890 is the correct option because if any parent adopts a child in 2022  there is a federal adoption tax credit of up to $14,890 per child.

<h3>Claiming the Federal Adoption Tax Credit for 2022</h3>

A federal adoption tax credit of up to $14,890 per child is available for adoptions that are finalized in 2022. The adoption tax credit for 2022 is not transferable.

Parents who wish to receive the credit must:

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6 0
2 years ago
Investing money in a retirement fund is part of a plan for achieving _____. A. Immediate goals b. Long term goals c. Short term
MrRissso [65]

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6 0
3 years ago
_______________ is the process of selling goods and services to individuals for their personal use?
Norma-Jean [14]
The correct answer is retailing.
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3 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
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Answer:

The amount of overhead applied to Job T687 is closest to: $280.

Explanation:

Predetermined rate = Budgeted Overheads / Budget Activity

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Applied overheads to job T687 = Predetermined rate × Actual machine hours used

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Conclusion :

The amount of overhead applied to Job T687 is closest to: $280.

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