Angel Corporation reported pretax book income of $1,016,000. During the current year, the net reserve for warranties increased by $27,400. In addition, tax depreciation exceeded book depreciation by $104,000. Finally, Angel subtracted a dividends received deduction of $28,200 in computing its current-year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:

Principals are an administration career

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: