1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
3 years ago
10

On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contrib

ution of $10,000 to the American Cancer Association. The payment is made on April 13, 2020.
Can Partridge deduct the charitable contribution in 2019?
(1) __________Yes because Partridge Corporation is an accrual basis corporation, the charitable contribution must be paid (2) ___________ .
Business
1 answer:
kykrilka [37]3 years ago
8 0

Answer:

Yes because Partridge Corporation is an accrual basis corporation

Explanation:

Since the charitable contribution was approved On December 27, 2019, and the directors of Partridge Corporation, is an accrual basis calendar year taxpayer, the authorized cash contribution of $10,000 to the American Cancer Association ought to be accounted for in the year it was made which is 2019 although the payment is eventually going to be made on April 13, 2020.

Accrual basis records transactions when they are earned (income) or incurred (expenses); and not when they are received (income) or paid for (expenses)

You might be interested in
The Edward James Toy Company uses a kanban system to make a plastic wheels that are a component of several toys. The waiting tim
kicyunya [14]

Answer:

The number of kanban containers needed for the wheels is 4.2 containers

Explanation:

In order to calculate the number of kanban containers needed for the wheels we would have to calculate the following formula:

number of kanban containers needed for the wheels=Demand rate*(Average processing time+Average waiting time)*(1+Alpha)/Container size

According to the given data we have the following:

Demand rate = 2000 per day

Average processing time= 0.15 day

Average waiting time = 0.25 day

Container size= 200

Alpha= 5%

Therefore, number of kanban containers needed for the wheels=2,000*(0.15+0.25)*(1+0.05)/200

number of kanban containers needed for the wheels=4.2 containers

The number of kanban containers needed for the wheels is 4.2 containers

6 0
2 years ago
Determine whether each of the following cost should be classified as direct materials (DM), direct labor (DL), or manufacturing
Nana76 [90]

Answer:

(a) DM

(b) DL

(c) MO

(d) MO

Explanation:

(a)  Frames and tires used in manufacturing bicycles.

This is cost directly related to the materials used in manufacturing a product and, thus, should be classified as a direct material cost (DM).

(b) Wages paid to production workers.

This cost is directly related to pay for the labor required to manufacture a product and, thus, should be classified as a direct labor cost (DL).

(c) Insurance on Factory equipment and machinery.

Although this is a cost incurred from manufacturing, it can't be directly linked to either materials or labor since it is an structural cost and, therefore, should be classified as a manufacturing overhead cost (MO).

(d) Depreciation on factory equipment

For the same reason as the previous item, this should be classified as a manufacturing overhead cost (MO).

4 0
3 years ago
A hostile interaction between people over the Internet is called a _________.
jeka94
The answer would be C. Flame






I don't normally ask this but could i possibly have Brainliest?
4 0
2 years ago
Read 2 more answers
If convertible bonds were issued at a discount, when computing diluted EPS, the amortization of the bond discount: Multiple Choi
Brums [2.3K]

<u>Answer:</u> Option 1

<u>Explanation:</u>

If the convertible bonds are issued at discount then it will increase the numerator. Convertible bonds yields a fixed interest income. When the convertible bonds are issued at a discount then they can be converted into shares and discount is considered in the purchasing price of the stock.

In amortized bond the each payment goes towards the interest as well as the principle amount. Amortization reduces the credit risk as the principle is repaid on maturity or on default of the firm.

6 0
3 years ago
(01.02 mc) which of these actions was an economic cause of increased tensions between the north and south?
Damm [24]

The correct option is (b) Protective tariffs

Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

<h3 /><h3>What is protective tarrifs?</h3>
  • An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
  • The importing countries profit the most from tariffs since they design the policy and receive the cash.
  • The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
  • Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.

Learn more about the Tarrifs with the help of the given link:

brainly.com/question/11672570

#SPJ4

I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?

(a) Dred Scott decision

(b) Protective tariffs

(c) Bleeding Kansas

(d) Lincoln’s election"

6 0
1 year ago
Other questions:
  • Carol was preparing for the next employee appraisal at her company. She already had her work accomplishments documented and read
    6·2 answers
  • Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarett
    10·1 answer
  • The classical economists felt that saving would be equal to investment because
    15·1 answer
  • When there is uncertainly of the product quality, buyers should not anticipate that the temporary warehouse seller of unbranded
    13·1 answer
  • Some traits of successful individuals in our industry, as mentioned by Aimee Mangold of KOLTER Hospitality included: drive, inte
    15·1 answer
  • If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%
    5·1 answer
  • Karen Moore is a new employee with Cars R Us. One of her first responsibilities as the new HR Director is to create an incentive
    9·1 answer
  • The table below shows the weekly marginal cost (MC) and average total cost (ATC) for Buddies, a perfectly competitive firm that
    12·1 answer
  • What is a loan? 100 points
    12·2 answers
  • How do you think the benefits will help the firm before they<br> engage in I.M?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!