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Helene Corporation owns manufacturing facilities in States A, B, and C. A uses a three-factor apportionment formula under which the sales, property and payroll factors are equally weighted. B uses a three-factor apportionment formula under which sales are double-weighted. C employs a single-factor apportionment factor, based solely on sales. Helene's operations generated $1,000,000 of total apportionable income, It's sales and payroll activity and average property owned in each of the three states are as follows. Sales Payroll Property State A $450,000 100,000 200,000 State B $750,000 150,000 200,000 State C $300,000 50,000 200,000 Totals $1,500,000 300,000 600,000

Helene Corporation owns manufacturing facilities in States A, B, and C. A uses a three-factor apportionment formula under which the sales, property and payroll factors are equally weighted. B uses a three-factor apportionment formula under which sales are double-weighted. C employs a single-factor apportionment factor, based solely on sales. Helene's operations generated $1,000,000 of total apportionable income, It's sales and payroll activity and average property owned in each of the three states are as follows. Sales Payroll Property State A $450,000 100,000 200,000 State B $750,000 150,000 200,000 State C $300,000 50,000 200,000 Totals $1,500,000 300,000 600,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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H4.

What are the proportional incomes for A and B? 

 

Helene Corporation owns manufacturing facilities in States A, B, and C. A uses a three-factor apportionment formula under which the sales, property and payroll factors are equally weighted. B uses a three-factor apportionment formula under which sales are double-weighted. C employs a single-factor apportionment factor, based solely on sales. Helene's operations generated $1,000,000 of total apportionable income, It's sales and payroll activity and average property owned in each of the three states are as follows. Sales Payroll Property State A $450,000 100,000 200,000 State B $750,000 150,000 200,000 State C $300,000 50,000 200,000 Totals $1,500,000 300,000 600,000
Transcribed Image Text:Helene Corporation owns manufacturing facilities in States A, B, and C. A uses a three-factor apportionment formula under which the sales, property and payroll factors are equally weighted. B uses a three-factor apportionment formula under which sales are double-weighted. C employs a single-factor apportionment factor, based solely on sales. Helene's operations generated $1,000,000 of total apportionable income, It's sales and payroll activity and average property owned in each of the three states are as follows. Sales Payroll Property State A $450,000 100,000 200,000 State B $750,000 150,000 200,000 State C $300,000 50,000 200,000 Totals $1,500,000 300,000 600,000
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