Answer:
Plum Corporation
The best choice is:
B. Assume that Plum will distribute its after-tax earnings each year to its shareholders. Should Plum operate as a C corporation or an S Corporation?
Explanation:
a) Tax is the greatest difference existing between a C corporation and an S corporation.  With a C corporation, the earnings are taxed twice.  When the C corporation earns income, it is taxed as a corporation.  When it distributes the after-tax earnings, the owners are taxed again in income tax.  This does not happen with an S corporation.  The S corporation does not pay corporate tax, instead, its owners pay their individual income taxes because the corporation's incomes are passed through the members.
 
        
             
        
        
        
Answer:
The entries are made as follows;
Explanation:
  Oct 1.  Petty Cash    Dr.147
             Cash              Cr.147
           Petty Cash (197-147)   Dr.$50
           Cash                            Cr.$50
   Supplies Expense Dr.$24.69
    Petty Cash            Cr.$24.69
Miscellaneous Expense      Dr.$14.99
Petty Cash                           Cr.$14.99
Postage Expense     Dr.$14.99
Petty Cash                Cr.$14.99
Freight Expense Dr.$5.39
Petty Cash          Cr.$5.39                                                                                                              
 
        
             
        
        
        
Answer:
 $254,100
Explanation:
The computation of the  cost of direct materials used in production is shown below:
=  Direct materials purchased + Beginning raw materials inventory  - Ending raw materials inventory - Indirect materials requisitioned and used 
= $254,000 + $12,000 - $7,900 - $4,000
= $254,100
Hence, all the other information is not considered. Therefore, ignored it
 
        
             
        
        
        
The product of 28 and 97 is 2716
        
                    
             
        
        
        
Which activity best demonstrates the trait of responsibility?
A. demonstrating accountability for your actions
Out of the options, demonstrating accountability for your actions is the activity that best demonstrates the trait of responsibility. Your actions are of no ones responsibility besides you, you must understand the decisions you make. All of the other options are all important but not examples of accountability.