Hayes company reported the following pretax financial income for the years 2016 to 2019. for each of those years, the company reported (and paid taxes on) taxable income in the same amount as follows2016 $480,0002017 700,0002018 180,0002019 (1,100,000)2020 360,000the company was subject to a 34% tax rate for 2017and prior and 40% for 2018 and thereafter. assume the company will elect to carryback first before carrying forward any nol. because of the significant losses in 2019, assume that based on evaluating the evidence the company believes that it is more likely than not at the end of 2019 that 20% of the tax benefits of the operating loss carryforward will not be realized. instructions: 1.prepare the income tax journal entries at the end of 2019.2. prepare the 2019 income statement beginning with income/loss before income taxes.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u.s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.