Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in 2018, its first year of operations. During 2018 the company had the following transactions: Received rent from Jane, Co. for 2019

$87000

Municipal bond income

$111000

Depreciation for tax purposes in excess of book depreciation

$51000

Installment sales profit to be taxed in 2019

$153000
For 2018, what is the amount of income taxes payable for Oriole, Inc?
a) $419,400
b) $471,600
c) $594,000
d) $504,900

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?