Answer:
The answer is B. is designed to match revenues and expenses.
Explanation:
Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.
Answer:
The answer is $4.27
Explanation:
Solution
Given that:
AC corporation earns = $9.2 per share
Pays a dividend of =$4.00
The tax rate (Corporate ) is =39%
The tax rate on personal dividends is= 15%
The tax rate for non-dividend personal income is = 36%
Now,
We must find the after tax rate amount of after tax rate an individual or a person would earn from the dividend
Thus,
The corporate tax =$9.40 * 39% = 3.67
Personal tax = $4.00 * 15% = 0.6
Now we find the total for the after tax rate
Total = $3.67 + $0.6
= $4.27
Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27
Answer:
d. Claims exchange transaction
Explanation:
Claims exchange transaction -
It refers to any discrepancy in the claims , is referred to as claims exchange transaction .
In this case the claim of one reduces and others increases and hence the total claim remains constant .
Hence , from the given scenario of the question ,
The correct option is d. Claims exchange transaction .
Answer:
$200,000
Explanation:
we must first determine the assessed value not taxed on Garth's old home:
market value of Garth's old home - assessed value = $250,000 - $175,000 = $75,000
now we subtract $75,000 from the market value of Garth's new home:
$325,000 - $75,000 = $250,000 = adjusted assessed value of Garth's new home
The taxable value of Garth's new home (for city taxes) = adjusted assessed value - homestead exemptions (for city taxes) = $250,000 - $50,000 = $200,000
