Business, 06.05.2021 16:50 Chuchee4604
Maize Corporation (a calendar year taxpayer) was formed on April 1, 2020. Calculate the maximum deduction for organizational expenses for 2020 if these costs were:
a. $4,000
b. $24,000
c. $54,000
d. $64,000
Answers: 3
Business, 21.06.2019 19:30
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
Business, 22.06.2019 10:30
Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?
Answers: 2
Business, 22.06.2019 10:50
You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the projectβs life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.
Answers: 3
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. β exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) β na = (360 ) (360 ) oa b. na = (360 ) + 360 360 β na = 360 na c. (360 ) = na + (360 ) (360 ) β na = (360 ) na d. na = (360 ) + 360 360 β na = 360 na
Answers: 1
Maize Corporation (a calendar year taxpayer) was formed on April 1, 2020. Calculate the maximum dedu...
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