Which of the following locations can NOT be insulated to promote energy conservation?

Cynthia, a sole proprietor, was engaged in a service business and reported her income on the cash basis. On February 1, 2013, sh

Sunny_sXe [5.5K]

Answer:

<h3>Cynthia and Dove Corporation</h3>

Any profits generated by Dove Corporation will be taxed to the corporation and also taxed to Cynthia as a shareholder whenever Dove distributes the profits as dividends. Taxing Dove and Cynthia creates a double taxation burden for both Dove and Cynthia. Dove Corporation does not get a tax deduction when it distributes dividends to Cynthia. Furthermore, Cynthia cannot deduct any corporation loss when incurred. These are unlike when the business was only a sole proprietorship.

Explanation:

a) Data and Calculations:

Dove Corporation

Balance Sheet

February 1, 2013

Assets

Basis to Dove Fair Market Value

Cash $ 80,000 $ 80,000

Accounts receivable 0 240,000

Equipment (cost $180,000; 120,000 320,000

depreciation previously claimed $60,000)

Building (straight-line depreciation) 160,000 400,000

Land 40,000 160,000

Total $400,000 $1,200,000

Liabilities and Stockholders' Equity

Liabilities:

Accounts payable—trade $ 120,000

Notes payable—bank 360,000

Stockholders' equity:

Common stock 720,000

Total $1,200,000

4 0

3 years ago

What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati

Anit [1.1K]

A. Investment percentages and maturity delegations

8 0

3 years ago

BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th

aleksklad [387]

Ignoring some safety regulations in order save $1 Million per day. The amount that those violations end up costing the company is $100 Billion.

<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

4 0

2 years ago

A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to

Katen [24]

Answer:

preferential trade agreement

Explanation:

This agreement is known as a preferential trade agreement. It is called this because it tends to make it easier for specific goods to be traded but only to the countries that are part of the group and/or agreement. This agreement also makes it harder for countries that are not part of the agreement to be able to trade with the countries that are in order to maintain the countries within the agreement trading with each other.

4 0

3 years ago

Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1.Common Stock14.Accumulated Depreciati

boyakko [2]

Answer:

Denis Savard Inc

Classified Balance sheet

Amount$ Amount$ Amount$

Assets

Current Assets

Cash xxx

Less Cash Restricted for Plant xxx xxx

Expansion

Accounts Receivable xxx

Less Allowance for Doubtful debt xxx xxx

Notes Receivable xxx

Receivables-Officers xxx

Inventory

Finished goods xxx

Work in Process. xxx

Raw Materials xxx xxx

Total Current Assets xxx

Stockholders Equity

Common Stock xxx

Add Paid-in Capital in Excess of xxx

Par-Common Stock.

Total paid in capital xxx

Add Retained Earnings. xxx

Total paid in capital and retained earnings xxx

Less Treasury Stock (at cost) xxx

Total Stockholders Equity xxx

Total Liability and Stockholders Equity xxx

Liability and Stockholders Equity

Current Liability

Salaries and Wages Payable. xxx

Unearned Subscriptions Revenue. xxx

Unearned Rent Revenue. xxx

Total Current Liability. xxx

Long term liabilities

Bonds Payable (due in 4 years) xxx

Less Discount on Bonds Payable xxx xxx

Total Long term liabilities. . xxx

Long term Investment

Preferred Stock (Equity) Investments. xxx

Land Held for Future Plant Site.. xxx

Cash Restricted for Plant Expansion. xxx

Total Long term Investment. xxx

Property, Plants and Equipment

Building. xxx

Less Accumulated Depreciation xxx xxx

- Buildings

Total Property, Plants and . xxx

Equipment

Intangible Assets

Copyrights. . xxx

Total Intangible Assets. . xxx

Total Assets. . xxx

3 0

3 years ago