Answer:
In the current period,
b. Cost of goods sold
Explanation:
With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000. Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).
Answer:
The answer is: Stone can report $8,750 as deferred income tax liability
Explanation:
Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.
The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.
To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.
Answer:
AFC = 
MC = 
TC
AVC = 
AC = 
Explanation:
The cost function is given as 
.
The fixed cost here is 9, it will not be affected by the level of output.
The variable cost is 
.
AFC = 
MC = TC
MC =
MC = 2q
AVC =
AVC = 
AVC = q
AC =
AC = ![\frac{[tex]C=9+q^{2}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Btex%5DC%3D9%2Bq%5E%7B2%7D)
}{q}[/tex]
AC = 
Casey and Helen both give and receive gifts that can be taxed, so according to their common-law state, they would have to find out which of the gifts are taxable.
<h3>What is Gift Tax?</h3>
This refers to the federal tax which is levied on a taxpayer who makes a gift of either money or property to someone and is between 18-40%.
Hence, it can be noted that gift taxes are made on any valuable property which is given to another person, regardless of whether the person considers it as a gift.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about gift tax here:
brainly.com/question/876942
Answer:
Network externality is the correct answer.
Explanation:
