Witte Corporation reported the following results for the current year:Taxable income before the dividends-received deduction and before the charitable contributions deduction$160,000Dividends-received deduction10,000Charitable contributions30,000What is the amount of the charitable contribution carryover to next year?
A. $14,000
B. $16,000
C. $30,000
D. $0
Answer: A
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Hometown Grocery, Inc. has 41,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding. The common stock is $6.00 par value; the preferred stock is 4% noncumulative with a $100.00 par value. On October 15, 2018, the company declares a total dividend payment of $55,000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)
A) $0.85 B) $24.60 C) $2460.00 D) $0.75
Under the cash basis of accounting,
a. revenues are recorded when they are earned. b. accounts receivable would appear on the balance sheet. c. depreciation of assets having an economic life of more than one year is recognized. d. the matching principle is ignored.
Non-operating activities that include interest, dividends and rent revenues, and gains from asset disposals are called ________.
What will be an ideal response?
Demonstrate your understanding of the terms internal locus of control and external locus of control by giving an example of each.
What will be an ideal response?