Questions
researchers at a university studied children born with an infection called roseola. the children also have...

researchers at a university studied children born with an infection called roseola. the children also have the causative herpesvirus inserted into their chrome osmoses. At least one parent of each child had the virus in a chromosome of a sampled hair cell. How did the children like;y become infected? and What does the transmission of the viral DNA from generation to generation reveal about the structure of DNA and its replication?

In: Nursing

Juan: 18-year-old teenager, who started university this year so he moved to the capital. He does...

Juan: 18-year-old teenager, who started university this year so he moved to the capital. He does not know how to cook, so he eats away from home. He does not do physical activity, he only does academic activities. Weight: 135 kg Size: 1.90 mt

apply nutritional assessment, nutritional diagnosis, nutritional intervention, and nutritional vigilance

In: Nursing

A large boat with 91.44 m in length and 42.672 m in width is carrying 1,360,777.11...

A large boat with 91.44 m in length and 42.672 m in width is carrying 1,360,777.11 kg of coal along the river with a 2.7432m draft (the height from waterline to bottom of the boat). What is the draft and weight of the boat when the boat is empty (no coal)? What is the draft and weight of the boat if the boat hits a wave and looses 10 tons of coal? Treat the boat as a rectangular cylinder. Use university introductory physics techniques.

In: Physics

Historically, 20% of graduates of the engineering school at a major university have been women. In...

Historically, 20% of graduates of the engineering school at a major university have been women. In a recent, randomly selected graduating class of 210 students, 58 were females. Does the sample data present convincing evidence that the proportion of female graduates from the engineering school has shifted (changed)? Use α = 0.05. Determine what type of error (Type I or II) could be made in the question above.

In: Math

A survey of 300 students is selected randomly on a large university campus. They are asked...

A survey of 300 students is selected randomly on a large university campus. They are asked if they use a laptop in class to take notes. Suppose that based on the​ survey, 135 of the 300 students responded​ "yes."

​a) What is the value of the sample proportion p^?

​b) What is the standard error of the sample​ proportion?

​c) Construct an approximate 95 confidence interval for the true proportion p by takingplus or minus 2 SEs from the sample proportion.

In: Math

In chapter 8 we can see how the course of both Weses' lives have gone in...

In chapter 8 we can see how the course of both Weses' lives have gone in completely different directions. Author Wes is accepted at a prestigious university and receives a scholarship. Other Wes sentenced to life in prison. What do you think was Author Wes Moore's purpose in writing this book? What evidence do you have from the book to back up your answer?

In: Psychology

The following information was disclosed during the audit of Shawna Inc.: Year Amount Due per Tax...

The following information was disclosed during the audit of Shawna Inc.:

Year

Amount Due per Tax Return

2020

  

$105,000

2021

  84,000

  1. On January 1, 2020, equipment was purchased for $400,000. For financial reporting purposes, the company uses straight-line depreciation over a five-year life, with no residual value. For tax purposes, the CCA rate is 25%. Assume the equipment is considered “eligible equipment” for purposes of the Accelerated Investment Incentive (under the AII, instead of using the half-year rule, companiesare allowed a first-year deduction using 1.5 times the standard CCA rate).
  2. In January 2021, $225,000 was collected in advance for the rental of a building for the next three years. The entire $225,000 is reported as taxable income in 2021, but $150,000 of the $225,000 is reported as unearned revenue on the December 31, 2021 SFP. The $150,000 of unearned revenue will be earned equally in 2022 and 2023.
  3. The tax rate is 30% in 2020 and all subsequent periods.
  4. No temporary differences existed at the end of 2019. Shawna expects to report taxable income in each of the next five years. Its fiscal year ends December 31.

Shawna Inc. follows IFRS.

Instructions

a. Calculate the amount of capital cost allowance and depreciation expense for 2020 and 2021, and the corresponding carrying amount and undepreciated capital cost of the depreciable assets at December 31, 2020 and 2021.

b. Determine the balance of the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2020, and indicate the account's classification on the SFP.

c. Prepare the journal entry(ies) to record income taxes for 2020.

d. Draft the bottom of the income statement for 2020, beginning with “Income before income tax.”

e. Determine the balance of the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2021, and indicate the account's classification on the December 31, 2021 SFP.

f. Prepare the journal entry(ies) to record income taxes for 2021.

g. Prepare the bottom of the income statement for 2021, beginning with “Income before income tax.”

h. Provide the comparative SFP presentation for the deferred tax accounts at December 31, 2020 and 2021. Be specific about the classification.

i. Is it possible to have more than two accounts for deferred taxes reported on an SFP? Explain.

j. How would your response to part (h) change if Shawna Inc. reported under the ASPE future/deferred income taxes method?

In: Accounting

a.Your brother is saving for his daughter (3‐year‐old Monica) to start college in exactly 15 years...

a.Your brother is saving for his daughter (3‐year‐old Monica) to start college in exactly 15 years (t=15) from today (t=0). A single year of college today (t=0) would cost him $25,000. If college costs increase at an annual rate of 3.5%, what will each year of college cost for the four years his daughter is in college (t=15 – age 18, t=16 – age 19, t=17 – age 20, and t=18 – age 21)?

b. University offers your brother the option of signing a contract to pay for all four years of college at once on the day Monica begins college (t=15 at her age of 18). What is the present value of all the college costs you calculated above (all 4 years) when Monica is 18 (t=15) if the University uses a 7% discount rate of return? Hint: Find the present value of college costs from #3 above ... you can't just add them up as they occur at different points in time on the timeline.

In: Finance

Listed below are student evaluation ratings of​ courses, where a rating of 5 is for​ "excellent."...

Listed below are student evaluation ratings of​ courses, where a rating of 5 is for​ "excellent." The ratings were obtained at one university in a state. Construct a confidence interval using a 99​% confidence level. What does the confidence interval tell about the population of all college students in the​ state?

3.5​, 2.8​, 3.9​, 4.6​, 3.1​, 4.4​, 3.5​, 4.6​, 4.8​, 4.3​, 4.3​, 3.9​, 3.1​, 3.8​, 3.9

What is the confidence interval for the population mean mu​? ​(Round to two decimal places as​ needed.)

What does the confidence interval tell about the population of all college students in the​ state? Select the correct choice below​ and, if​ necessary, fill in the answer​ box(es) to complete your choice.

A. The results tell nothing about the population of all college students in the​ state, since the sample is from only one university.

B. We are 99​% confident that the interval from nothing to nothing actually contains the true mean evaluation rating. ​(Round to one decimal place as​ needed.)

C. We are confident that 99​% of all students gave evaluation ratings between nothing and nothing. ​(Round to one decimal place as​ needed.)

In: Statistics and Probability

The following condensed income statements of the Jackson Holding Company are presented for the two years...

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2021 and 2020:

2021 2020
Sales revenue $ 16,600,000 $ 11,200,000
Cost of goods sold 10,000,000 6,800,000
Gross profit 6,600,000 4,400,000
Operating expenses 3,840,000 3,240,000
Operating income 2,760,000 1,160,000
Gain on sale of division 760,000
3,520,000 1,160,000
Income tax expense 880,000 290,000
Net income $ 2,640,000 $ 870,000


On October 15, 2021, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2021, for $5,480,000. Book value of the division’s assets was $4,720,000. The division’s contribution to Jackson’s operating income before-tax for each year was as follows:

2021 $480,000
2020 $380,000


Assume an income tax rate of 25%.

Required: (In each case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on a separate line.)
1. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
2. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $5,480,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
3. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $4,060,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
  

Complete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2
  • Required 3

Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)

In: Accounting