Answer:
Coronado's diluted earnings per share would be 4.53
Explanation:
Net interest savings = (2040000*5%)*(1-0.35)= $66,300
Weighted average common stock outstanding=194000+(2040000/1000*10)= 214,400
Coronado's diluted earnings per share=(906,000+66,300)/214,400= $4.53
The purpose of using different techniques in measuring or determining the quantities or measures such as densities is that it is important to be able to have basis and to make sure that the value you get is accurate-- even with the two different techniques used. This will help in comparing two variables and to understand whether the values you received are precise and accurate.
Answer:
<u>C. the advantage is that regardless of the size of the estate it can be transferred tax-free and the disadvantage is that the IRS will find another way to tax the surviving spouse. </u>
<u>Explanation:</u>
Indeed, the unlimited marital deduction provision allows a spouse (either the husband or the wife) to transfer an unrestricted amount of assets (estate assets) to the other spouse at any time regardless of the size of the estate without any tax deduction.
However, even though the IRS is unable to deduct this, it <u>will find another way to tax the surviving spouse </u>because that's their job.
Answer:
Indication of items erroneously stated on:
A) the income statement for the year
Salaries Expense will be understated.
Therefore, the Net Income will be overstated.
B) the balance sheet as of October 31:
Salaries Expense Payable (current liabilities) will be understated.
Explanation:
When accrued salaries are not accounted for in the financial statements for an accounting period, it means that the revenues generated for that period are not being matched with the expenses incurred in generating the revenues. Such omission does not agree with the accrual concept and the matching principle of generally accepted accounting principles. These require that expenses are accrued whether paid for or not, and that expenses are matched to the period's revenue since they are necessarily incurred in generating such revenue.
Answer:
The correct option is C that is $120,000
Explanation:
The amount of dividends received deductions grounded on the percentage of the ownership through the corporate shareholder. The copper corporation owns 65% of the Bronze corporation. So, the copper qualify for the 80% deduction or amount of $120,000.
In this case, 80% deduction would be:
= $150,000 × 80%
= $120,000
So, the amount of deduction is $120,000.
