Which of the following is a characteristic of preference shares?
A) They carry multiple voting rights
B) They attract a greater amount of dividend
C) They allow for the payment of lower rates of withholding tax on declared dividends
D) They have priority over common shareholders in the corporation's assets when the company is dissolved.
E) All of the above.
D
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Spitzer Corporation manufactures supplies for dry cleaning services. On October 1, 2017, it purchased a new machine at a cost of $10 million. For financial reporting purposes, it depreciates the machine over its expected useful life of 20 years on a straight-line basis with no salvage value. Because of the timing of the purchase, depreciation is taken for one-fourth of a year in 2017.For tax purposes, the machine qualifies as "10-year property." For 10-year property, depreciation rates (all as a percentage of the initial investment) are 10% in the year the property was acquired, 18% the next year, then 14.4%, 11.52%, 9.22%, 7.37%, 6.55%, 6.55%, 6.56%, 6.55%, 3.28%. Note that depreciation of 10% is taken for tax purposes in the year of acquisition regardless of when during the year the
asset was acquired.Ignore any deferred tax items that arise from any other sources. Assume a 40% tax rate. Required: What is the amount of Spitzer's depreciation expense for financial reporting purposes in 2017? What is the amount of Spitzer's depreciation expense for tax purposes in 2017? What is the amount of Spitzer's depreciation expense for financial reporting purposes in 2018? What is the amount of Spitzer's depreciation expense for tax purposes in 2018? Determine whether Spitzer has a deferred tax asset or a deferred tax liability as of December 31, 2017. What is the balance of this item at December 31, 2017? What is the amount of Spitzer's deferred tax asset or deferred tax liability as of December 31, 2018? What is the amount of the deferred portion of Spitzer's 2018 income tax expense? What will be an ideal response?
The PCAOB's general standards provide guidance to audit firms in selecting and training their professionals
a. True b. False Indicate whether the statement is true or false
Cary just announced to his employees that if they meet the sales goal for the month of August, they can have a paid four-day vacation. Which of the following styles of leadership is being used by Cary in this case?
A. contingent reward B. passive management-by-exception C. active management-by-exception D. transformational E. laissez-faire
What are the two types of design-centered entrepreneurship?
What will be an ideal response?