The costs incurred for Job A are: Total labor and overhead $37,225 Total other direct costs $10,775 The bid price for the job if the company made a 40 percent profit on the bid price is:

a. $60,000
b. $64,000
c. $80,000
d. $66,667


c

Business

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Continental Corporation anticipates a 34% tax rate for the next several years and has a $500,000 NOL carryover

a) What is the journal entry to record the NOL carryover's tax benefits, assuming that no valuation is needed? b) What is the journal entry if Continental Corporation estimates that one-half of the NOL will not be realized?

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Business