In year 2, ajax, inc. reported taxable income of $400,000 and pretax financial statement income of $300,000. the difference resulted from $60,000 of nondeductible premiums on ajax’s officers' life insurance and $40,000 of rental income received in advance. rental income is taxable when received. ajax's effective tax rate is 30%. in its year 2 income statement, what amount should ajax report as income tax expense-current portion?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Advertisers are usually very conscious of their audience. choose an issue of a popular magazine such as time, sports illustrated, vanity fair, rolling stone, or the like. from that issue select three advertisements to analyze. try to determine the audience being appealed to in each advertisement and analyze the appeals used to persuade buyers. how might the appeals differ is the ads were designed to persuade a different audience.