Birch corp. is an accrual‐basis, calendar‐year c corporation. its reported book income before federal income taxes was $250,000, which included $46,000 in municipal bond interest income. birch's book expenses included $4,000 of interest incurred on indebtedness used to carry the municipal bonds. what should be the amount of birch's taxable income, as reconciled on birch's schedule m‐1, reconciliation of income (loss) per books with income per return, of form 1120, u. s. corporation income tax return? group of answer choices

a. $254,000

b. $250,000

c. $208,000

d. $204,000

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Why should managers invest any excess cash