Tax credits reduce your:
A. tax liability.
B. adjusted gross income.
C. tax refund.
D. tax withholding.
E. taxable income.
Answer: A
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When R&D discoveries in the United States operations of Anadarko Petroleum Corporation can easily be communicated to and accepted by its operations in Ghana, it is an example of Anadarko's absorptive capacity.
A. true B. false
Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50During the current month the company started and finished Job T924. The following data were recorded for
this job:Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Assembly Department is closest to: A. $27,000 B. $47,700 C. $82,200 D. $55,200
Describe what a consolidated income statement shows
Which of the following is a conjunctive adverb?
a. and b. yet c. neither…nor d. furthermore