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Business, 26.07.2019 02:40, smiley0326
Pine corp.’s books showed pretax income of $800,000 for the year ended december 31. in the computation of federal income taxes, the following data were considered: gain on an involuntary conversion (pine has elected to replace the property within the statutory period using the total proceeds.) $350,000 depreciation deducted for tax purposes in excess of depreciation deducted for book purposes 50,000 federal estimated tax payments 70,000 enacted federal tax rates 30% what amount should pine report as its current federal income tax liability on its december 31 balance sheet?
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Business, 22.06.2019 03:30, levicorey846
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
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Business, 23.06.2019 10:00, dani595
Bagwell's net income for the year ended december 31, year 2 was $189,000. information from bagwell's comparative balance sheets is given below. compute the cash received from the sale of its common stock during year 2. at december 31 year 2 year 1 common stock, $5 par value $ 504,000 $ 453,600 paid-in capital in excess of par 952,000 856,600 retained earnings 692,000 585,600
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Business, 23.06.2019 14:00, 12camtheman
In some markets, the government regulates the price of utilities so that they are not priced out of range of peoples ability to pay. this is a example a/an
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Pine corp.’s books showed pretax income of $800,000 for the year ended december 31. in the computati...
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