Exam02 - JRN-3-1999 04:24R FROM TO 813523926291 P:1/6 ~ r...

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JRN-3-1999 04:24R FROM: ...• .." ~.,. "'" r BREVARD/'; COMMUNITY CO!rfGE TO:813523926291 Cocoa Math and Learning Lab 1519 Clearlake Rd., 09-106 Cocoa, FL 32922 Telephone: (321) 433-7741 Fax: (321) 433-7678 P:1/6 Fax LlA-~r ~-f-:ut\ To: Tamrni Gibson From: Lisa Gill Fax: 352.392.6291 Phone: Re: Setzer OFM E:xam 2 Pages: 6 Date: 02128/08 CC: o Urgent • Comments: o For Review o Please Comment n Please Connnn Receipt Att;:Jche~ are the exam pages for L Setzer. Please confirm. re_ceipt of 6 pages_. _ Thank you!.
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TO:813523926291 P:2/6 JRN-]-1999 04:24RFROM: Name UFID OEM Exam 2 Spring 2008 L&1hu ~-l.lti:?C CJVj ~5 - K-=-3 0 _5_ en ,S:- Answer all questions keeping in mind that points are allocflL~d as folluws: 1. 20 poinl~ 2. 10poWl.• 3. 40 points 4. 10points 5. 20points ~
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JRN-3-1999 04:25R FROM: TO:813523926291 P:3/6 1. G. W. Robinson Inc. executes a constructJon contract for $4,500,000. The total estimated construction cost for the contract is $4.000,000. The company provides the foliowinQ additional information: Costs incurred to date $ 1,00.0,000 $2,000,000 $ 1,000,000 Prog.ressbillings during year .. 900,000 $2.400,000 $1,200,000 Cash collected duri ear 750,000 $1 750,000 $2,000,000 ~.I'(C M? i & !;Z 0 5"~ f,. 'J."SiQ compute the revenlJe and 9 088 profit that the company sh uld recognize each y ar under the J"' . percentage-of-compl tion method. . ..J r,. . L'IIJ C'ct5h (a (!/J(l!I J Crt»RefJl -- - R vJ{J,.J)ln Re~n/~Q ~I l'en ~ tf ..' fit s r n -om -- 0 0---- I' if' ~ 0 . ----.-- -".". J"'l .... .. -- - ~ -'15 ~~ 1 3~*~~=}1.112[Y1 $o'~OO£ll_~DO[~L~--:'jg:~ \l l') /1 h ~ j ~ fc-tA; -..Je_~~ ..._ ~~-?O!:~· _1J._·~O!!l ::L~CJOO(Y1__ il:-]5~ __ f!L__~ ~;~~kC V -:( f'/ ftr- _Jq.JA[_~ :L5*~Sf!)~1~J~m-t L "tOO ~ -t~:Q.0QfY1_ -~ lri.:r~ (77.000) (82,000) ar. J 14'\,( 9p-'-T1J1., (159,000) ~ Y'9"Prr·d~ 1 $844,000 .(- :I:Acort'~ T~ G~S(. $921,000 82.000 ~. 1,003,000 f:- C.\f((~,\\ I~ £?-"5l-' Provision for income taxes Deferred Federal State 2. The income tax footnote to the financial 5tat~ments of Boston Acoustics Inc. for the year ended December 31,2007 is as follows. Current Federal State a. What income tax expense did Boston Acoustics report In its 2007 income statement? fOCf9,oa6 o. How much of the income tax expense is payable in cash in 200??
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