13. In 2018, Alpha had an annual effective tax rate of 20%. In the 2019 first quarter, the company would pay tax at 25% just for that quarter alone. Alpha management estimates that the 2019 full year effective tax rate will be 30%. Based on a first quarter 2019 income before tax of $200,000 what amount of provision for income taxes should be accrued under the integral method. a. $150,000 b. $60,000 c. $50,000 d. $40,000 e. $0 14. Solis acts as a sponsor in creating a special purpose entity (SPE) that will purchase Accounts Receivable from Solis. The SPE reports Assets (Accounts Receivable) of $10,000,000, Liabilities of $9,500,000 and Stockholders Equity of $500,000. The $500,000 of stockholders' equity comes from outside shareholders (not related to Solis). Which of the following can we say with certainty is true, a. The SPE is not a VIE (variable interest entity) b. The SPE is a VIE. c. Solis is the primary beneficiary and must consolidate the SPE d. Solis is not the primary beneficiary and does not consolidate the SPE e. None of the above is true