A wholly-owned subsidiary of Ward, Inc. has certain expense accounts for the year ended December 31, 2015, stated in FCs as follows: FC .

Depreciation of equipment(related assets were purchased January 1, 2013) $120,000

Bad debts $80,000

Rent $200,000

The exchange rates at various dates are as follows:

Dollar equivalent 1 FC

December 31, 2015 $.40

Average for year ended 12/31/15 $.44

January 1, 2013 $.50

Assume that the FC is the subsidiary’s functional currency and that the charges to the expense accounts occurred approximately evenly during the year. Inflation is not significant. What total dollar amount should be included in Ward’s 2015 consolidated income statement to reflect these expenses?

a. $160,000

b. $168,000

c. $176,000

d. $183,200

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.