The amount reported in the Trail Balance section of the worksheet for Federal Income Tax Expense was $11,990. At the end of the accounting period, the accountant determined that income taxes for the year would actually be $12,306. How would the adjustment be journalized?

A) Debit Federal Corporate Income Tax Payable $316
Credit Federal Corporate Income Tax Expense $316

B) Debit Federal Corporate Income Tac Expense $316
Credit Federal Corporate Income Tax Payable $316

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: