The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $ 150 Pretax accounting income included: Overweight fines (not deductible for tax purposes) 5 Depreciation expense 65 Depreciation in the tax return using MACRS: 112 The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:
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Business, 21.06.2019 16:10
Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs.journalize the assignment of overhead to the assembly and finishing departments.account titles and explanation debit credit
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Business, 21.06.2019 20:30
Goods and services that can be used for the same purpose are and goods and services that are used together are
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Business, 22.06.2019 16:10
Answer the following questions using the bankerâs algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
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Business, 22.06.2019 17:30
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
Answers: 2
The following information relates to Franklin Freightways for its first year of operations (data in...
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