If an employer chooses a per diem method of substantiation for travel expenses, the meals and incidental expenses method requires actual cost records to substantiate lodging expenses.
Option E
<u>Explanation:
</u>
The price of the meal and the additional expenses while travelling away from home for work purposes is deducted from an employee or self-employed person. The expense deduction generally requires the costs to be substantiated.
There has been, however, an optional form that prohibits receipts for these taxpayers.
The IRS releases Diem levels for different parts of the United States (see Notification 2015-63 on the subject of irs.gov). For just the intent of measuring a meal and an accessory deduction, taxpayers may use such per diem rates and will be required to prove it.
If an employer wants a method of proof of travel expenses by Diem, the meal and by-product procedure requires real cost records in order to prove accommodation expenses.
Answer: It is likely that BC Inc. is better enabled than GN Corp to gain and sustain a competitive advantage.
Explanation: Since BC Inc.'s intangible assets are valued at $45 billion more than GN corp, hence they are better enabled to gain and sustain competitive advantage.
Answer:$4.44
Explanation:
Net income after tax is $600,00 less 20% =$480,000
Total shares for diluted eps 90,000+18,000= 108,000
Diluted eps= 480,000/108,000
= $4.44
.
Answer:
$4500
Explanation:
We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.
Opportunity cost = $20/hour x 200 Additional hours
Opportunity cost = $4000
Total change in benefit = Annual salary - Opportunity cost
Total change in benefit = $8500 - $4000
Total change in benefit = $4500
Answer:
The correct option is B
Residual income = ($9000)
Explanation:
<em>Residual Income is measure of how much a division or a part of a business is able to generate over and above the company-wide opportunity cost of capital.</em>
A division with a controllable over and margin over and above the cost of fund is evaluated to be profitable .
Residual income = Controllable margin - (cost of capital(%)× operating assets)
Cost of capital = Target ROI
Residual income for Division X
= 36,000 - (15%× 300,000 )
= ($9000)