May 1: prepaid rent for three months, $3,000 may 5: received and paid electricity bill, $130 may 9: received cash for meals served to customers, $1,810 may 14: paid cash for kitchen equipment, $2,070 may 23: served a banquet on account, $1,520 may 31: made the adjusting entry for rent (from may 1). may 31: accrued salary expense, $2,650 may 31: recorded depreciation for may on kitchen equipment, $300

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?