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Dotes, Inc

question 56

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Dotes, Inc. owns 40% of Abner Co. Dotes accounts for its investment using the equity method. Abner follows a policy of paying dividends equal to 30% of its income each year. During the current year, Abner reported net income of $216,000. Dotes has an effective income tax rate of 32%.
Required:
What journal entry would Dotes record at the end of the current year for income taxes relating to the investment in Abner? Assume the investment is to be held for an indefinite time and that all amounts are to be rounded to the nearest dollar. Dotes, Inc. owns 40% of Abner Co. Dotes accounts for its investment using the equity method. Abner follows a policy of paying dividends equal to 30% of its income each year. During the current year, Abner reported net income of $216,000. Dotes has an effective income tax rate of 32%. Required: What journal entry would Dotes record at the end of the current year for income taxes relating to the investment in Abner? Assume the investment is to be held for an indefinite time and that all amounts are to be rounded to the nearest dollar.

Comprehend the basic tenets of Carl Rogers's humanistic approach to personality, including his views on anxiety and the fully functioning person.
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Understand Maslow's approach to studying psychologically healthy individuals and the characteristics of self-actualized individuals.
Define and discuss the concept of peak experiences according to Maslow.

Definitions:

Musical Ability

Refers to the natural talent or acquired skill in understanding, producing, or interpreting music.

Essential Oils

Concentrated plant extracts that retain the natural smell and flavor, or "essence," of their source.

Aromatherapy

The therapeutic use of essential oils of plants in which the odor or fragrance plays an important part.

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