Business, 02.09.2021 20:20, makaylahunt
Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $19,500 of its sales and still owes $25,700 on $85,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $10,000 in salaries. Owners invested $30,000 in the business and $30,000 was borrowed on a five-year note. The company paid $3,400 in interest that was the amount owed for the year, and paid $6,500 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%. Compute net income for the first year for Alpaca Corporation
Answers: 2
Business, 22.06.2019 12:30, cuppykittyy
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
Business, 22.06.2019 21:30, marlenerojas201
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not col...
English, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
English, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Spanish, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01