How much of fillon''s income is apportioned to state a

Assignment Help Accounting Basics
Reference no: EM132630632

Problem - Fillon Corporation's operations include two manufacturing facilities, one in State A and one in State B. The plant located in A generated $200,000 of income, and the plant located in B generated a loss of $50,000. Therefore, Fillon's total taxable income is $150,000. By applying the statutes of each state, Fillon determines that its apportionment factors for A and B are 0.70 and 0.30, respectively.

How much of Fillon's income is apportioned to:

a. State A?

b. State B?

Reference no: EM132630632

Questions Cloud

Review the interpol web page on corruption : Review the Interpol web page on Corruption and evaluate Interpol's international policing and ways Interpol is investigating these crimes.
What might be first step in addressing and resolving issue : What is the main issue for your organization in addressing a solution to evidence-based nursing practice? Discuss what might be the first step in addressing.
How much is amount of loss on liquidation to be recognized : Assuming that the Investee Corporation is other than a wasting asset corporation and partial liquidation, provide the relevant entries.
What do you suspect is happening with the patient : What do you suspect is happening with this patient? What is the cause of this rash? What could have been done to prevent this adverse effect to this patient?
How much of fillon''s income is apportioned to state a : Fillon Corporation's operations include two manufacturing facilities, one in State A and one in State B. How much of Fillon's income is apportioned to State A
Analyzing unethical behaviors : Assess the significance of the unethical behaviors of these criminal justice professionals, connecting them to the ethical responsibilities of each individual
What is the dividend income to be recognized : Assuming the shares are investment in unquoted securities, Create all the necessary entries. What is the dividend income to be recognized in 2018?
Evidence around restraints for challenging behaviours : Who is displaying challenging behaviour's are restraints (physical or chemical) acceptable? Drawing on contemporary evidence provide recommendations
Create journal entry of reflecting on personal experiences : Create a journal entry of 200-250 words reflecting on your personal experiences or thoughts regarding alternative therapies, integrating content from.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd