this company had the follwoing profit and losses in year 2007 $5,000,000×34%=$1,700 this company had the follwoing profit and losses in year 2007 $5,000,000×34%=$1,700,000, 2008 $350,000, 2009 ($3,450,000). How much federal tax will eventually pay in 2007. I responded already but I want to make sure it is correct the amount of $1,700,000. Please help.
A company entered into the following transactions: A company entered into the following transactions: – Borrowed $5,110 from the bank by signing a promissory note – Issued stock to owners for $11,100 – Purchased $1,110 of supplies, on account – Paid $510 to suppliers as payment on account for the supplies purchased 1. What is […]
Explain whether you see a common thread that Explain whether you see a common thread that unites early African cultures or whether you see these cultures as very different; refer to specific examples to support your explanation.
Quiz organization and business communication The exam format is Multiple Choice and True / False. Please note that you can write this exam only once, once you begin it you must finish it, there are 55 questions (MC and T/F) and it is timed to 120 minutes.
what mass of copper 1 sulfide is required to produce 0.600kg of copper metal what mass of copper 1 sulfide is required to produce 0.600kg of copper metal
Computer Mary’s income or deductions for 2012 using the (1) cash basis and (2) the Computer Mary’s income or deductions for 2012 using the (1) cash basis and (2) the accrual basis for each of the following: (a.) In May 2012, Mary paid a licence fee of $1200 for the period June 1, 2012 through […]
A Corporation applies manufacturing overhead on the basis of direct labor-hours A Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $108,000 and 3,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted […]
Corporal Inc. and Admiral Company compete with each other in the personal computer Corporal Inc. and Admiral Company compete with each other in the personal computer market. Corporal’s primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Corporal will build and deliver a computer within four days of […]
Compute taxable income in each of the following independent situations. a. Drew and Meg, ages 40 and… Compute taxable income in each of the following independent situations. a. Drew and Meg, ages 40 and 41 respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $65,000 and […]
Companies usually prepare an adjusting journal entry to accrue warranty expenses. Companies usually prepare an adjusting journal entry to accrue warranty expenses. When this is done the warranty expense is recorded in advance, often well in advance, of any warranty services and costs that will be provided. From an accounting theory perspective, why do you […]