Business, 09.12.2019 21:31 ssargeant2559
On september 1, 2020, winans corporation acquired aumont enterprises for a cash payment of $700,000. at the time of purchase, aumontâs balance sheet showed assets of $620,000, liabilities of $200,000, and ownersâ equity of $420,000. the fair value of aumontâs assets is estimated to be $800,000.
Answers: 1
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Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?
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For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firmâs economic value added (eva), that is, how much value did management add to stockholdersâ wealth during 2016?
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On september 1, 2020, winans corporation acquired aumont enterprises for a cash payment of $700,000....
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