Colleen, a us citizen, owns 99% of the stock of aer beer limited, an irish private company that is a c corporation for us tax purposes. her brother runs the company and owns the other 1% of the stock. aer beer is a very profitable company engaged in the beer business in ireland and owns a manufacturing plant. colleen lives in palm beach and wants to buy a new car. she goes to bank of america to get a personal car loan and pledges her aer beer stock as collateral for loan. the loan agreement imposes no restrictions on aer beer. are there any tax consequences to colleen as the result of this transaction?

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.