$87,000 of straight-line depreciation on a corporation's books. Depreciation reported on their tax return was $74,000. Yes Increase 2. Interest income from Treasury and commercial bonds. Yes Increase 3. A corporation had $56,000 of capital losses and $63,000 of capital gains. No N/A 4. Charitable contributions equal to $80,000. Taxable income without regard to the contributions was $299,000. Yes Decrease 5. Federal income tax paid. No N/A 6. Life insurance proceeds received upon the death of key personnel. The amount received was less than the premiums paid on the insurance policy. No N/A

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated