$87,000 of straight-line depreciation on a corporation's books. Depreciation reported on their tax return was $74,000. Yes Increase 2. Interest income from Treasury and commercial bonds. Yes Increase 3. A corporation had $56,000 of capital losses and $63,000 of capital gains. No N/A 4. Charitable contributions equal to $80,000. Taxable income without regard to the contributions was $299,000. Yes Decrease 5. Federal income tax paid. No N/A 6. Life insurance proceeds received upon the death of key personnel. The amount received was less than the premiums paid on the insurance policy. No N/A

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

Why are there so many types of diversion programs for juveniles