Parent and Child corporations have filed on a consolidated basis since the mid-1990s. The group reports the following amounts for the current tax year. Operating loss, including the following $8,550,000   Charitable contributions 2,052,000   Net capital gain 3,762,000   Dividends received deduction 1,539,000   What is the Parent group's net operating loss for the year that is available for carryforward?

Q: 47 I. Financial accounting info. is usually used exclusively by internal parties such as managers. ...

A: Financial accounting refers to recording, analyzing and reporting of financial data of a company so ...

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A: The business transactions effects two or more accounts of the business. The accounting equation stat...

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A: Non Controlling Interest - It is an ownership of shareholders who owns the less than 50% of outstand...

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A: Audit risks refer to the risk of material misstatements that are identified during the planning stag...

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A:   Year 1 Year 2 Year 3 Net income/(loss) under variable costing 30000 -100000 30000 Add/(Deduct)...

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A: Overheads: Overheads, or overhead costs, suggest a constant expense of running a business. Overheads...

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A: The bonds are the financial instruments used to raise money from the market. 

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Q: The audit of historical financial statements should be conducted by the CPA professionals in accorda...

A: The correct answer is given in the following steps for your reference. 

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A: Break-even analysis is the analysis which is made and prepared by the company in order to know and c...

Q: Butcher Butcher is considering whether to invest in a new product, the Zam. Details of the Zam are a...

A: Capital budgeting is basically discovering, assessing, and choosing investments to determine a compa...

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A: Answer) Calculation of Portfolio Beta Stock  Investment Weightage  Beta  Weighted Beta...

Q: Bulldogs Inc. expected to sell in October 2021 1,000 units of Dell laptops with a purchase cost per ...

A: Expected gross profit= 10000*1000 units =  P 1,00,00,000   Actual gross profit= P 10000000-1200000 =...

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A: Lets understand the basics. When company having a higher cash in the books in compare to the industr...

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A: Internal Rate of Return is the Return that the project or the firm is earning and the cost of capita...

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A: In case of short term operating lease, Lease income or expenses are recognized on straight line basi...

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A: Consolidation refers to when the parent company acquires another company and pays a certain consider...

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A: With lean production, inventory production would have been planned so that little or no inventory wa...

Q: gross profit variance analysis is most correct?

A: b. All of the choices are correct.  

Q: Calculate the retained earnings of P Company immediately after the combination:

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Q: a2

A: In this question, we have to show the effect of signing the note and the receipt.

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A: Social Security Tax = Gross earnings x social security tax rate Medicare Tax = Gross earnings x Medi...

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A: Contribution margin per hours = Contribution margin per unit / No. of hours required per unit

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A: Overhead applied  = Actual overhead + Overhead overapplied = $740,000 + $39,375 = $779,375

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A: As lease period is 4 years and lease contains bargain purchase option, therefore lease should be cla...

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A: Monthly payment= Loan/(PVA, 8%,4 years) = 400000/3.31212 = $ 120768

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A: Acquisition cost is the sum total of the following:- (a) Cash Paid for acquisition (b) Fair value of...

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A:

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A:

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A: The transactions are firstly recorded in the books of Original entries known as Journal. Both debit ...

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A: In this question we have to compare that company should manufacture or buy from outside.

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A: In this question, we have to find out the activity cost setup .

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.