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1 year ago

Question 9 of 10

1 answer:

Colt1911 [192]1 year ago

6 0

The correct option is OA. Selling to another company the right to make and market a product line is called spinning off.

Create a new corporation that is independent of the previous organization by spinning off something, like a company. [Firm] He saved the organization and eventually separated its textile sector into a different business.

A corporate spin-off, often referred to as a spin-out, starburst, or hive-off, is a sort of corporate activity in which a corporation "splits off" a segment as a different business or establishes a second incarnation, even if the first is still operating.

Learn more about spinning off here

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Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220

Karo-lina-s [1.5K]

Answer:

Net gain = $60,000

Explanation:

Given:

Sale value of house = $540,000

Adjusted value = $220,000

Selling expenses = $10,000

Computation of gross profit on the house:

Gross profit on sale = Sale value of house - Adjusted value - Selling expenses

Gross profit on sale = $540,000 - $220,000 - $10,000

Gross profit on sale = $310,000

Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)

Computation of net gain:

Net gain = $310,000 - $250,000

Net gain = $60,000

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3 years ago

. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort

Elina [12.6K]

20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.

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3 years ago

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What courses or information would be helpful for a hospitality manager?

choli [55]

Answer:

Travel Attendants.

Lodging Managers.

Meeting, Convention, and Event Planners.

Food Service Managers.

Holiday Counselor.

Explanation:

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3 years ago

On July 31, year 2, Tern Co. amended its single employee defined benefit pension plan by granting increased benefits for service

san4es73 [151]

Answer:

Options Include:

1. Years before Year 1 only.

2. Year 1 only.

3. Year 1 and years before and following Year 1.

<em>4. Year 1 and following years only. is Correct</em>

Explanation:

Prior cost of service is acknowledged whenever a contract is changed to provide added benefits for services previously received by workers.

The amortization of the prior service expense must be acknowledged as an element of the retirement cost during the future service periods of all those workers whom are active on the date of the plan modification and are entitled to receive rewards under the Scheme.

<em>Therefore, prior service costs are expressed throughout the financial statements for Year 1 once the plan was modified and even in the years that follow when it is amortized.</em>

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3 years ago

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bezimeni [28]

Answer:

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