Solution :
We know that the exchange takes place when the FMV receive is equal to the FMV given up.
Where the FMV = fair market value
The commercial substance means the future cash flows exchange.
The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.
The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :
Transaction Debit ($) Credit ($)
Asset(new) 11,000
Accumulated depreciation(old) 9,000
Asset (old) 28,000
Cash 2000
The journal entries for Delaware Corp. when the exchange lacks the commercial substance.
Transaction Debit ($) Credit ($)
Asset(new) 16,000
Accumulated depreciation (old) 10,000
Loss 2500
Assets (old) 28,000
A. true
the gross domestic product acts as a quantitative measure of an economy's economic activity on an annual basis
Answer:
She pays the inheritance tax , while the estate is responsible for the estate tax.
Explanation:
Inheritance tax is a form of tax that every beneficiary of an inherited estate must pay. Regardless of the situation and location of the inherited property , inheritance tax is calculated individually for different beneficiary.
The estate in which a particular property is located is responsible for the estate tax. This is calculated based on the value of the property and paid by the estate management for all properties within the estate before rents are remitted to the landlords.
Answer:
(A) Creativity
(C) Productivity
(D) Satisfaction
Explanation:
Liability: The liability is the amount that is due to someone. It means you have full responsibility for a thing you promised to someone.
Lawsuits: When some one sue to another for not giving the amount, or by any other reason is called law suits
In the given scenario, for diversity in the workforce, the creativity, productivity, and satisfaction level is more important through which the employees can give their best due to which, the objective of an organization can be achieved in an efficient and effective manner.
The other two give a negative impact on the organization's reputation, so it will not be considered.
The population helped by the United States Supreme Court during the case of Avery v. Midland county. It was said in the case that "<span> local government districts had to be roughly equal in population." Furthermore, it implemented the "one person, one vote" policy in each country included.</span>
