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3 years ago

A business formation is also known as:

Business

2 answers:

Iteru [2.4K]3 years ago

5 0

Business formation is also known as: a business attraction

zimovet [89]3 years ago

5 0

it’s B

business attraction

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Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for l

Brilliant_brown [7]

Answer:

a. $478,450

b.Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

Cr Retained earnings $115,850

Explanation:

A. Calculation for the amount of net income that would be reported in 2015 for Pam Erickson Construction Company

Using this formula

Net income =(Income before income tax ) Income before income tax-Tax rate

Let plug in the formula

Net income= $683,500 - (683,500 × 30%)

Net income= $683,500 - $205,050

Net income= $478,450

B. Preparation of the Journal entry(ies) that are necessary to adjust the accounting records

For Pam Erickson Construction Company

Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

($165,500 × 30%)

Cr Retained earnings $115,850

($165,500 × (100%-30%)

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3 years ago

Electronic communication:_____.

otez555 [7]

E. You can send a presentation via email instead of having to fly to a customer.

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3 years ago

A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor, subsequently, the investor missed th

Nataly [62]

Answer:

These statements would fit well in an apology letter:

Make a promise that it won't happen again - Putting the wrong date is a very serious and very strange mistake at the same time. It's strange because professionals usually do not make that kind of mistake, and it's serious because it can completely distort as schedule, as it happened in this case.
Apologize sincerely - again, as the mistake was serious and strange at the same time, an apology is necessary.
Accept responsability - accepting responsability for one's actions is not only the professional thing to do, but also the ethical thing to do.

And this statement is appropriate when presenting a bad newsletter:

If the reason or explanation is not confidential and will not create legal liability - giving out specific information in a corporate context can result in legal liabilities that potentially cost a lot of money, therefore, it is important to carefully choose one's words, while at the same time being honest with the reader.

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3 years ago

Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro

Grace [21]

Answer:

d. The $1,500,000 is not taxable because Detroit settled the case

Explanation:

The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

8 0

3 years ago

Madison Corporation reported taxable income of $400,000 in 20 X 3 and accrued federal income taxes of $136,000. Included in the

salantis [7]

Answer:

A. $424,000

Explanation:

current income = Taxable income - Federal tax + Depreciation disallowed + net capital loss carryover

= $400,000 - $136,000 + ($200,000 - $60,000) + $20,000

= $424000

Therefore, The corporation's current earnings and profits for 20X3 would be $424000.

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3 years ago