Non-operating activities that include interest, dividends and rent revenues, and gains from asset disposals are called ________.
What will be an ideal response?
other revenues and gains
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One common alternative method of citation uses _____________ instead of the author's last name and the date of publication
a. hyperlinks b. QR codes c. numbers d. titles
When taxable income exceeds certain levels, exemption and deduction allowances
A) increase in proportion to increases in taxable income. B) are limited but may be carried over to future years. C) are eliminated. D) reach a maximum allowable amount.
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. Year 2Year 1 Net sales $ 484,000 $ 427,350 Cost of goods sold 277,400? 251,220? Interest expense 10,800? 11,800? Net income before tax 68,350? 53,780? Net income after tax 47,150? 41,000? Total assets 319,300? 294,600? Total liabilities 175,900? 168,400? Total equity 143,400? 126,200?
A. 22.3%. B. 9.7%. C. 15.4%. D. 2.8%. E. 14.8%.
Identify a true statement about an S corporation.
A. An S Corporation is required to have more than 100 stockholders. B. An S Corporation is required to have more than one type of stock outstanding. C. The income of an S Corporation passes through the company to the owners. D. The income of an S Corporation is taxed twice, at the corporate level and the owner level. E. The income of an S Corporation is taxed as capital gains to the owners.