Answer:
B. $8000
Explanation:
Given that
Income = $9000
Beginning book value = 76000
Ending book value = 77000
Dividends = Income + beginning book value of equity - ending book value of equity.
Therefore,
Dividends = 9000 + 76000 - 77000
= 85000 - 77000
= $8000
Thus, dividends for the following year given the following data is = $8000
Answer: It is A).
Explanation:
The Interstate Commerce Commission (ICC), established by Congress in 1887 to regulate the railroads (and later extended to motor carriers, inland waterways, and oil companies). It was abolished in 1996 but long served as the prototype of such an agency.
Answer:
$500 favorable
Explanation:
Given;
Number of units produced = 10,800 units
Actual indirect material costs = $13,000
Reflected indirect material costs for 144,000 units = $180,000
Now,
Per unit reflected indirect material costs = $180,000 ÷ 144,000
= $1.25 per unit
Therefore,
Budgeted indirect material cost for actual units produced
= $1.25 × 10,800
= $13,500
since,
the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore
the indirect material costs in October is favorable
amount = Budgeted cost - Actual cost
= $13,500 - $13,000 = $500 favorable
Answer:
The correct answer is letter "D": deducted to arrive at an employee's net pay.
Explanation:
Federal income taxes represent the main monetary resource from where the government can fund its diverse projects. These sources are also allocated to deal with common social issues such as building highways, improving education or funding social programs such as Medicare.
When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.
Answer:
$4,300
Explanation:
Since the call expired, the $500 premium must be reported as a short term capital gain. Short term capital gains are taxed in the periods that they occur, so they do not affect the basis of the stocks. It is something similar to dividends, if you receive dividends they will be taxed as short term gains = ordinary income, bu they do not affect the stocks' basis.
