Paladin corporation had current and accumulated e& p of $500,000 at december 31, 20x3. on december 31, the company made a distribution of land to its sole shareholder, maria mendez. the land's fair market value was $200,000 and its tax and e& p basis to paladin was $250,000. maria assumed a liability of $25,000 attached to the land. the tax consequences of the distribution to paladin in 20x3 would be:
a) no loss recognized and a reduction in e& p of $225,000b) no loss recognized and a reduction in e& p of $200,000c) $50,000 loss recognized and a reduction in e& p of $200,000d) $50,000 loss recognized and a reduction in e& p of $225,000

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9