Palm Corporation has book income of $424,000 after Federal income tax. Book net income reflects $130,000 federal income tax expense and $55,000 book depreciation expense. Tax depreciation expense computed under MACRS is $65,000 for tax purposes. Palm received $25,000 of prepaid rent not included in book income. Based only on these items, compute Palm's taxable income.

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:

Wang distributors has an annual demand for an airport metal detector of 1 comma 350 units. the cost of a typical detector to wang is $400. carrying cost is estimated to be 19% of the unit cost, and the ordering cost is $24 per order. if ping wang, the owner, orders in quantities of 300 or more, he can get a 10% discount on the cost of the detectors. should wang take the quantity discount? \

Determine allison's december 31, 2018, investment in mathias balance.