Aparent company paid $500,000 for a 100% interest in a subsidiary. at the end of the first year, the subsidiary reported net income of $40,000 and paid $5,000 in dividends. the price paid reflected understated equipment of $70,000, which will be amortized over 10 years. what would be the3 subsidiary income reported on the parent’s unconsolidated income statement, and would the parent’s investment balance be at the end of the first year under each the simple equity method, the sophisticated equity method and the cost method?

Which of the following are considered needs? check all that apply

What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.

Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?