Alan maade, a u. s. citizen, died on march 1, leaving an adjusted gross estate with a fair market value of $1,600,000 at the date of death. under the terms of alan's will, $475,000 was bequeathed outright to his widow, free of all estate and inheritance taxes. the remainder of alan's estate was left to his mother. alan made no taxable gifts during his lifetime. in computing the taxable estate, the executor of alan's estate should claim a marital deduction of:

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?

Which term best describes the statement given below? if p = q and q = r, then p = r