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PolarNik [594]
2 years ago
5

The Bay Fig Corporation has $350,000 of taxable income from operations for the current year, and dividends of $50,000 received f

rom 10-percent-owned domestic corporations. How much is the Bay Fig Corporation's dividends received deduction for the current year
Business
1 answer:
Natali5045456 [20]2 years ago
3 0

Answer: $25,000

Explanation:

When a company owns less than 20% of another company and receives dividends from that company, they are allowed to deduct 50% of that dividend for tax purposes.

Bay Fig owns 10%(less than 20%) of the domestic corporations so qualifies for the 50% reduction:

= Dividends * 50%

= 50,000 * 50%

= $25,000

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Answer:

The answer is D.

Explanation:

The chronological order of Accounting System is:

Collecting of information

Classifying of information

Summarizing of information

Reporting a business financial

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You can see all the options are in the chronological order of accounting system. Therefore, all of the above is correct.

5 0
3 years ago
A principle under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable
andriy [413]

Answer:

Objective Theory

Explanation:

The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.

The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.  

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3 years ago
IE 9-3 ... AS/AD Model – Suppose this economy was momentarily at Full Employment, but has now experienced a continuation of the
11111nata11111 [884]

Suppose this economy was momentarily at Full Employment, but has now experienced a continuation of the RIGHT shifting AD caused by increased "G" spending . If the Price Level increases to $2.34, then Real Production GDP will have increased to $5200 b and 2 million people will have gained jobs. In the Business Cycle the economy will have moved from Point "x" toward Point y.

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The AD-AS model (Aggregate production aggregate) demonstrates national income calculation and price level adjustments.

This shows how various events will change in two of our major macroeconomic indicators: Actual GDP and inflation.

  • Label all equilibrium in the axis, the interior
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2 years ago
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amid [387]
The choices can be found elsewhere and as follows:

<span>A. a market system
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3 years ago
Which activities are often required of someone who is in the performing arts?
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<span>Which activities are often required of someone who is in the performing arts?

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