Which one(s) did i answer incorectly?a. Identify whether the statements about the economics of taxes are. a. trueb. false b. The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. a. trueb. falsec. When demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. a. trueb. falsed. When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. a. trueb. falsee. An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions. a. trueb. false

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to