Question 1 of 7
2. Which of the following taxes are proportional?
A Federal gift tax
B Federal corporate income tax
C Social Security tax
D Federal excise tax on
Answer Key: D
Ch 12, LO 6 - 10 Assign
Total Grade: 12
Question 1 of 15
Score: 0.5 (of possible 0.5
6a. Chaz transfers cash of $60,000 to a newly formed corporation for 100% of the stock.
In its initial year, the corporation has net incom
Ch 14, LO 5 - 8
Question 1 of 16
Score: 1 (of possible 1 point)
16a. Amy and Mitchell are equal partners in the accrual basis AM
Partnership. At the beginning of the current tax year, Amys capital
account has a balance of $300,000, and the partnership has
ACTG16Ch18LO1 - 4 Assign
Question 1 of 14
6a. Sea Green Enterprises reports the following assets and liabilities on
its balance sheet.
Net Book Value
Fair Market Value
Chapter 11 Appendix A - Transfer Pricing
The Pole Division of Hillyard Company produces poles which can be sold to outside
customers or transferred to the Flag Division of Hillyard Company. Last year the Flag Division
bought 50,000 poles from Pole at $2.5
My Place, House of Dcor
Description of the Business .
General Ledger .
Accounts Receivable Ledger.20
Accounts Payable Ledger.23
General Instructions and Transactions for January.25
General Instructions and T
COST OF ENDING INVENTORY
PURCHASES MADE ON 23RD JUNE @ Unit cost 13
[376*13] = $4888
BALANCE 56 UNITS (432-376) PURCHASES MADE ON 12TH JUNE @ Unit cost 11
[56*11] = $616
1- COST OF ENDING INVENTORY (4888+616)= $5504
2- COST OF GOODS SOLD = TOTAL COS
1. Which of the following is not considered an asset?
c. Accounts receivable
2. Which of the following is not a current liability?
a. Salaries and Wages Payable
b. Accounts Payable
c. Taxes Payable
d. Bonds Payable
A _ is a branch of an evolutionary tree and all of the descendants of a particular ancestor at the beginning of that
a. node FEEDBACK: A given ancestor and all its descendants make
up a clade, or branch, on the evolutionary tree. Some
Chapter 6 Review Questions
1. Give an example of a price ceiling and an example of a price floor.
2. Which causes a shortage of a gooda price ceiling or a price floor? Justify your answer with a
- A price ceiling prevents the price from being raise
Always bring homework to class until weve gone over it.
All homework is submitted on Moodle, due by the beginning of class.
Court report is due on Moodle by
1. On March 1, 2014, Freeze Company hires a new employee who will start to work on March 6.
The employee will be paid on the last day of each month. Should a journal entry be
made on March 6? Why or why not?
a. Yes, the company is now obligated to pay the
Gottlieb v. Tropicana Hotel and Casino
Facts: During the summer of 1999, Rena and Sheldon Gottlieb were vacationing and they visited
the Tropicana casino. Rena Gottlieb was a member of the Tropicana casinos Diamond c