Answer:
The adjusted tax loss of the group is $11000
Find detailed computation in the attached spreadsheet.
Explanation:
The the tax loss of the of parent company X needs to be adjusted for inter-company dividends of $10000.By eliminating the dividends,the loss becomes $130,000.
On other hand,the profit of company Y needs to be adjusted as well for 70% dividends-received deduction,by eliminating 70% of $30000 dividends received, which amounts to $21000.
By deducting the $21000 from $140000 taxable income,taxable income drops to $119000.
On aggregation, the adjusted tax loss of parent and adjusted taxable income of subsidiary gives $11000 tax loss.
Answer:
option (c) 50,000
Explanation:
Number of shares of common stock issued and outstanding
= ( Price for Common Stock Authorized ) ÷ ( Market price of common stock per share )
given in the question:
Price for Common Stock Authorized = $600,000
Market price of common stock per share = $12
Therefore,
Number of shares of common stock issued and outstanding
= $600,000 ÷ $12
= 50,000
Hence,
the correct answer is option (c) 50,000
Answer and Explanation:
The computation is shown below:
1. The standard direct labor hours per brake repairs are shown below:
Actual time spent 5 hours
Setup and downtime (5 hours × 11%) 0.55
Cleanup and rest periods (5 hours × 27%) 1.35
Standard direct labor hours per brake repair 6.9
2. For standard direct labor hourly rate
Wage rate per hour $10
Payroll Taxes ($10 × 10%) $1
Fringe Benefits ($10 × 25%) $2.5
Standard direct labor hourly rate $13.5
3. For the standard direct labor cost per brake repair
= 6.9 hours × $13.5
= $93.50
In a case whereby mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the trunk, this is an example of Lean manufacturing.
<h3>What is Lean manufacturing?</h3>
Lean manufacturing can be described as the methodology whioch ius been used by the company so as top be able to minimize waste within manufacturing systems.
It should be noted that with this miniumization thjat is been done, there is simultaneously maximization of productivity howevr the Waste caqn be described as the thin gs that do not go well with the customers or those things that dop not adds value and are not willing to pay for.
In conclusion, the Lean manufacturing can be descroibed as the type of manufacturing that canm be use toi factor out the waste during the manufacturing so as to be able to improve the productivity as well as efficiency.
Learn more about Lean manufacturing at:
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Answer:
Goodwill Impairment (Debit)
Goodwill (Credit)
Explanation:
In case goodwill is impaired, then the entry to record this impairment will be Goodwill Impairment Debit and Goodwill Credit.
By crediting the Goodwill, the account will be reduced. This shows that the business is currently worth less than is accounted for. The Goodwill account is reduced to identify this difference.
The Impairment loss is an expense and must be reflected in the income statement. Therefore, while we reduce Goodwill amount from balance sheet. We record the expense on the income statement, which would mean that the current year profit amount will be reduced.