Clock corporation, an accrual-basis taxpayer, had earnings and profits of $65,000 on december 31, year 1.a review company records revealed the following information for year 2: taxable income per return $105,000 tax-exempt interest income 10,000 dividends paid to shareholders 32,000 federal income tax 38,000 gain recognized on installment sale made in year 2 (total gain on the sale was $35,000.)5,000 what are clock's earnings and profits as of december 31, year 2? a. $110,000 b. $130,000 c. $140,000 d. $172.000

Diggity dank corporation uses an activity-based costing system with two activity cost pools. diggity dank uses direct labor hours as the measure of activity in the first activity cost pool and the number of orders in the second activity cost pool. the following information relates to these two activity cost pools for last year: what was diggity dank's under- or overapplied overhead for last year? a. $17,000 overapplied b. $20,000 underapplied c. $27,000 underapplied d. $73,000 overapplied

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.