A microblog is an online service that lets you exchange very short messages with others by combining the features of blogging, telephoning, and social networking. _________________________
Answer the following statement true (T) or false (F)
False
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Preferred stock differs from common stock in that
A) preferred stock dividends are fixed. B) preferred stock investors have a higher required return than common stock investors. C) preferred stock usually has a maturity date. D) common stock investors have a required return and preferred stock investors do not.
It is usually difficult to determine the correct course of action when confronted with an ethical dilemma at work
Indicate whether the statement is true or false
What is the amount of the Deferred Tax Asset or Liability on December 31, 2016?
SNZ Inc. purchased machinery and equipment in the amount of $30,000 on January 1, 2016. SNZ plans to depreciate the asset straight-line over 20 years with no salvage value. For tax purposes these assets are to be depreciated using a capital cost allowance rate of 20%. The half-year rule applies. SNZ pays tax at a rate of 25%. A) a Deferred Tax Asset of $1,500 B) a Deferred Tax Asset of $375 C) a Deferred Tax Liability of $1,500 D) a Deferred Tax Liability of $375
At the beginning of the current year, Doug and Alfred each own 50% of Amaryllis Corporation (a calendar year taxpayer). In July, Doug sold his stock to Kevin for $140,000 . At the beginning of the year, Amaryllis Corporation had accumulated E & P of $240,000 and its current E & P is $280,000 (prior to any distributions). Amaryllis distributed $300,000 on February 15 ($150,000 to Doug and $150,000
to Alfred) and distributed another $300,000 on November 1 ($150,000 to Kevin and $150,000 to Alfred). Kevin has dividend income of: a. $150,000. b. $140,000. c. $110,000. d. $70,000. e. None of the above.