At the beginning of 2016, a subsidiary sold equipment, carried on its books at $3,000,000, net, to its parent for $5,000,000. The equipment had a remaining life of 20 years and straight-line depreciation is used. It is now the end of 2019, and the parent still owns the equipment. On the 2019 consolidation working paper, eliminations (I): reduce the parent’s investment account by $1,700,000.

reduce the subsidiary’s beginning retained earnings account by $1,600,000.

reduce depreciation expense by $100,000.

reduce net equipment by $2,000,000.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills. what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i. e, his fifth year, not his junior year).