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Corporations are able to provide loans to their shareholders or pay them with dividends. Each of these scenarios provide a tax deduction that the corporation may be eligible for. With this being said, if you had the option to claim a dividend tax reduction or a loan to shareholder deduction which one would you choose and why?
Thank you. Since it is an assignment, I don't how to resubmit as three questions. I am new to Expertsmind. How long will the assignment take to be completed and are the answers guaranteed to be correct? I have already submitted the entire assignme..
journalize the entries for the Seller and Buyer
Marketing Inc. has 10,000 shares outstanding - Marketing Inc, had the following assets and liabilities that were assumed by FRC Inc.
Describe the methods of revenue recognition - traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?
For the past ten years, you've worked at a PETCO Salon as a dog groomer. You're thinking of starting your own dog grooming business. You found place you could rent that's right next to a popular shopping center, and two of your friends (who are also ..
Dec. 10 established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during a month. Past experience with similar products indicates that 3% of the units will require repair, with warranty costs averaging $27..
Explain the rationale for the starting point for a manufacturing company's budget
At year-end, Sherman stock was selling for $34.80 per share. Prepare Fairbanks journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment.
Would you expect the availability of IRAs to increase the amount that households save? Discuss in light of (1) the response of saving to changes in the real interest rate and (2) psychological theories of saving.
Miser received $6,000 for selling scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at what amount?
Auerbach Inc. issued 4% bonds on October 1, 2013. The bonds have a maturity date of September 30,2023 and a face value of 300 million. the bonds pay interest each March 31 and September 30, beginning March 31, 2014. the effective interest rate establ..
Calculate the profitability of the Johnson Brands account.
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