George Geary was a sales representative at U. S. Steel Corp. The company had a written code of ethics that outlined examples of ethical and unethical behavior. The code specifically dealt with fraudulent accounting. Geary, who did not have a strong background in accounting, believed that a friend of his was engaging in accounting fraud. Geary thought through the consequences to himself, his friend, and his company of reporting his suspicions and, alternatively, not reporting. Determining that more harm would occur if he did not report, Geary called the company's toll-free phone number for employees to confidentially report illegal or unethical conduct. The company investigated and concluded that no accounting fraud had occurred. Geary:

At the end of the year, blossom co. has pretax financial income of $561,000. included in the $561,000 is $73,000 interest income on municipal bonds, $25,000 fine for dumping hazardous waste, and depreciation of $64,400. depreciation for tax purposes is $48,300. compute income taxes payable, assuming the tax rate is 30% for all periods.

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?