Using the following post-2018 tax cut tax rate schedule for federal and arkansas state corporate taxes, answer the following for xzy corporation: for an arkansas-based corporation that will earn $200,000 in 2018: a. what is the: (i) federal marginal tax rate; (ii) arkansas state marginal tax rate? b. what is the combined federal and arkansas state marginal tax rate? c. what will the company’s earnings after tax be after accounting for federal and arkansas state corporate taxes? d. what will the effective tax rate be after accounting for federal and arkansas state corporate taxes? e. xyz corporation has cumulative preferred stock but stopped paying preferred dividends three years ago, but just paid all back and current dividends. if the company has surplus earnings this year, even though it has no cash, and the board wants to pay common stock dividends beginning this year, can it do so? if so, how much, and if not, why not?

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At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)