Stratosphere Manufacturing Company sold plant assets at a gain of $205,000 less related taxes of $62,500 . Assuming the gain is not considered unusual or infrequent, Stratosphere's income statement for the period should report
a. a prior period adjustment net of applicable taxes, $142,500.
b. an extraordinary item net of applicable taxes, $142,500.
c. a gain of $205,000 and an increase in income tax expense of $62,500.
d. operating income net of applicable taxes, $142,500.
C
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A communications analysis involves looking at communications by the company itself, by competitors, and industry communications
Indicate whether the statement is true or false
Which of the following statements is/are correct?
I.Terry's divorce decree provides that his ex-wife is to pay him alimony of $500 per month until their son reaches age 18 or dies, at which time the payment will be reduced to $300. Terry recognizes $300 of alimony income each month.II.Jerry is the manager of Northgate apartments. He is required to live in an apartment in the complex that normally rents for $600 per month. Jerry must recognize $600 per month as income from his management job.III.Lorraine's aunt dies during the current year. The aunt's $20,000 life insurance policy names Lorraine as the beneficiary. Lorraine receives $20,000 from the policy in December. Lorraine must include the $20,000 in her gross income.IV.Helen receives a teaching assistantship from the music department that pays her $300 per month. Helen must work as a lab assistant 15 hours per week. Helen's total direct education costs are $9,000. Helen includes the $300 per month in her income.? A. Statements I and IV are correct. B. Statements II and III are correct. C. Statements II and IV are correct. D. Statements I and III are correct.
The practical application of reinforcement in the workplace is called ______.
A. reinforcement theory B. extinction C. organizational behavior modification D. schedule of reinforcement
A leader should schedule time regularly to clean out papers and record important information.
a. True b. False