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RUDIKE [14]
2 years ago
5

Bryce Corporation has pretax accounting income of $100,000. Bryce has interest on municipal bonds of $7,000. Depreciation for ta

x purposes is $5,000 greater than depreciation for financial reporting purposes. Bad debt expense was $3,000, and bad debts for tax purposes was $1,000. Calculate taxable income. Multiple choice question. $87,000 $99,000 $101,000 $90,000
Business
1 answer:
Ket [755]2 years ago
4 0

Answer:

$90,000

Explanation:

It is given that :

The pretax accounting income of Bryce Corporation               100,000

The interest on the municipal bonds                                            - 7,000

The depreciation                                                                            - 5,000

The difference in bad debt expense (3000-1000)                   <u>    +2,000</u>

So the total income of Bryce Corporation                                  $ 90,000                      

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A process cost system would be appropriate for a a.jet airplane builder b.custom cabinet builder c.catering business d.natural g
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D. Natural gas refinery

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Processing cost system is when identically units are mass produced. It involves assigning materials, factory labour, overhead cost and so on in an effort to value finished goods inventory. Process cost involves allocation of cost for different set in each process. It helps in determining total cost of producing a unit of commodity. It is best suited for the natural gas refinery because of the various steps involved in the processing and manufacturing of products as cost can be identified and allocated for each steps and also because what is produced are identical units which are mass produced.

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3 years ago
The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes i
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3 years ago
In a free market setting where quantity supplied is 40 units and quantity demanded is 50 units, price will:
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4 0
2 years ago
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5 0
3 years ago
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