Required information [the following information applies to the questions displayed belowj arndt, inc., reported the following for 2018 and 2019 ($ in millions): 2019 $ 913 988 810 $ 143 178 $ 200 2018 revenues expenses 770 pretax accounting income (income statement) taxable income (tax return) $ 135 tax rate: 40% a. expenses each year include $30 million from a two-year casualty insurance policy purchased in 2018 for $60 million. the cost is tax deductible in 2018 b. expenses include $2 million insurance premiums each year for life insurance on key executives c. arndt sells one-year subscriptions to a weekly journal. subscription sales collected and taxable in 2018 and 2019 were $34 million and $31 million, respectively. subscriptions included in 2018 and 2019 financial reporting revenues were $21 million ($10 million collected in 2017 but not recognized as revenue until 2018) and $29 million, respectively. hint: view this as two temporary differences-one reversing in 2018; one originating in 2018 d. 2018 expenses included a $12 million unrealized loss from reducing investments (classified as trading securities) to fain e. during 2017, accounting income included an estimated loss of $5 million from having accrued a loss contingency. the f. at january 1, 2018, arndt had a deferred tax asset of $5 million and no deferred tax liability value. the investments were sold in 2019 loss was paid in 2018 at which time it is tax deductible 6. suppose that during 2019, tax legislation was passed that will lower arndt's effective tax rate to 32% beginning in 2020, prepare a schedule that reconciles the difference between pretax accounting income and taxable income. using the schedule, prepare the necessary journal entry to record income taxes for 2019

On april 1, 2017, jiro nozomi created a new travel agency, adventure travel. the following transactions occurred during the company’s first month. april 1 nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.2 the company rented furnished office space by paying $1,800 cash for the first month's (april) rent.3 the company purchased $1,000 of office supplies for cash.10 the company paid $2,400 cash for the premium on a 12-month insurance policy. coverage begins on april 11.14 the company paid $1,600 cash for two weeks' salaries earned by employees.24 the company collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 the company paid $1,600 cash for two weeks' salaries earned by employees.29 the company paid $350 cash for minor repairs to the company's computer.30 the company paid $750 cash for this month's telephone bill.30 the company paid $1,500 cash in dividends. the company's chart of accounts follows: 101 cash 405 commissions earned106 accounts receivable 612 depreciation expense—computer equip.124 office supplies 622 salaries expense128 prepaid insurance 637 insurance expense167 computer equipment 640 rent expense168 accumulated depreciation—computer equip. 650 office supplies expense209 salaries payable 684 repairs expense307 common stock 688 telephone expense318 retained earnings 901 income summary319 dividends use the following information: two-thirds (or $133) of one month’s insurance coverage has expired. at the end of the month, $600 of office supplies are still available. this month’s depreciation on the computer equipment is $500.employees earned $420 of unpaid and unrecorded salaries as of month-end. the company earned $1,750 of commissions that are not yet billed at month-end. required: 1. & 2. prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b. the company records prepaid and unearned items in balance sheet accounts.3. using account balances from requirement 6b, prepare an unadjusted trial balance as of april 30.4. journalize and post the adjusting entries for the month and prepare the adjusted trial balance.5a. prepare the income statement for the month of april 30, 2017.5b. prepare the statement of retained earnings for the month of april 30, 2017.5c. prepare the balance sheet at april 30, 2017.6a. prepare journal entries to close the temporary accounts and then post to requirement 6b.6b. post the journal entries to the ledger.7. prepare a post-closing trial balance.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

(select all that apply) examples of email use that could be considered unethical include denying receiving an e-mail requesting that you work late forwarding a chain letter asking for donations to a good cause sending a quick message to your friend about last weekend sending your boss the monthly sales figures in an attachment setting up a meeting with your co-worker sharing a funny joke with other employees