Ketchem corp., a cash basis taxpayer, and catcham corp., an accrual basis taxpayer, are parent-subsidiary corporations. in january-november of year 1, ketchem sold $50,000 of supplies to catcham, which catcham paid for on a 1/20 net 30 basis, always paying on day 20. on december 27 of year 1, ketchem 's december sale of supplies to catcham, ketchem 's taxable income is $600,000 and catcham's is $120,000. how much taxable income should ketchem and catcham report on the year 1 consolidated tax return?

a. $720,000
b. $770,000
c. $74,000
d. $710,000

Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.