1.what methods can be used to compute total current year estimated taxes?

2.the tax effects of permanent differences generally are reported in a company computation of its effective tax rate?

True or False

3.) The rules for consolidated reporting for financial statementpurposes are the same as the rules for consolidated reporting for tax purposes

True or False

5) Jed clampett owns 600 shares(60%) of AAA cos common stock AAA only has common stock. The other AAA shareholders are not related to jed. AAA co redeems 125 shares of jets stock for 5 M. tHE TRANSACTION WILL be treated as:

a. Redemption of stock-jee will recognize capital gain based on 5M less his adj basis

b. dividend -the transaction does not qualify for treatment as a redeemption

c.) return capital

Answer rating: 100% (QA)

Id be glad to help with your accounting questions 1 Methods to Compute Total Current Year Estimated Taxes There are three primary methods for estimati... View the full answer