In 2019, T Corporation changed its tax year from ending each April 30 to ending each December 31. The corporation earned $60,000 during the period May 1, 2019 through December 31, 2019. The annualized income for the short year is $90,000.
Answer the following statement true (T) or false (F)
True
Rationale: The annualized income will be $90,000 [(12 months/8 months) × $60,000].
You might also like to view...
Which method is used to compute? depletion?
A. ?Straight-line method
B. ?Double-declining-balance method
C. ?Units-of-production method
D. Depletion method
Securities issued by banks are exempt from SEC registration
a. True b. False Indicate whether the statement is true or false
Helen is using graphics to show how sales have increased in her online pet supply store. Please answer the questions below. The first chart that Helen is putting together shows the sales growth of organic dog food over time. What type of chart would you recommend that Helen uses?
A. pie chart B. area chart C. line chart D. any of the above
When drafting an email intended for a recipient who is likely to feel positive about it, you should:
A. begin the email with your bottom line. B. begin the email with a note in passive voice. C. present the rationale before your bottom line. D. keep the email very detailed.