Answer:
Statement is true
Explanation:
One is liable to pay comparatively lesser tax if filed jointly with the spouse. Filing jointly is advantageous. IRS does not force married couples to file joint returns. They have the option to file separately but filing jointly provides ta relief.
If couples decide to file jointly, spouse is responsible to pay taxes or any resultant penalties, if the other half is unable to do so. In this case, Ernie is liable to pay taxes if Bonnie to unable to pay even though she does not have any eared income but they chose to file returns jointly.
Answer:
The 2018 article
Explanation:
CRAAP stands for Currency, Relevance, Authority, Accuracy, and Purpose. It is a test conducted by educationists and researchers to evaluate the credibility of a source of information. The use of Craap eliminates the possibility of using untrustworthy sources for research.
The C stands for currency, which is all about the timeliness of the information. Currency check whether the information obtained is most recent. Researchers want to know where it was published or posted and whether it has been revised. Most recent information will be acceptable in Craap compared to older data as it may be deemed outdated.
Answer:
C. There should be logical association between the allocation base and the incidence of costs.
Explanation:
We define the allocation base as that quantity through which the overhead cost and be allocated to. This base is usually in the form of a quantity. It could be the kilowatts used in hours, or the machine hours used.
It should be able to show to a logical extent how the cost object used the resources to which it is assigned
Answer:
$90,500 decrease
Explanation:
Given that
Declaration of dividend = $250,000
Increase in account receivable = $159,500
Purchase of equipment = $105,000
As we see that the purchase of equipment has no impact because on one side the fixed asset increases and on the other side the cash is decreased.
We know that
Total assets = Total liabilities + stockholders equity
So, the net effect would be
$159,500 = $250,000 + stockholder equity
So, stockholder equity would be
= $159,500 - $250,000
= -$90,500
This negative sign reflects the decrease in stockholder equity
Answer:
$74.61
Explanation:
The computation of the value of preferred stock is shown below:
Value of preferred stock = Annual dividend ÷ return of preferred stock per share
= 10.40% × 100 ÷ 13.94%
= $74.61
Simply we divide the annual dividend by the value of preferred stock per share so that the correct value of preferred stock can be computed
