Green corporation is incorporated on march 1 and begins business on june 1. green's first tax year ends on october 31, i. e., a short year. green incurs the following expenses during the year: month type amount february march march april december draft charter stock commission accounting fees to set up books temporary director fees charter modification fee $ 2,000 30,000 2,000 2,000 1,000 what is the deduction for organizational expenses if green chooses to deduct its costs as soon as possible?
Answers: 1
Business, 21.06.2019 21:00, hannahkharel2
On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer
Answers: 1
Business, 22.06.2019 02:30, teresaduggan1433
On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.
Answers: 3
Business, 22.06.2019 10:00, tiarafaimealelei
The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x
Answers: 3
Green corporation is incorporated on march 1 and begins business on june 1. green's first tax year e...
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