1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
2 years ago
11

your client has made all of the following transfers. which of these transfers will be excluded from the client's total gifts in

the year made? paid a hospital $11,000 for medical services rendered to a friend paid a family member $15,000 so she could go to school made a donation to the democratic party made a contribution to the shriner's hospital, which provides free medical care to children
Business
1 answer:
OlgaM077 [116]2 years ago
5 0

To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

This is further explained below.

<h3>Which of these transfers will be excluded from the client's total gifts in the year made?</h3>

Generally, If anything is referred to as "the client's," it means that it belongs to a single person, such as a client's file. The use of the clients' plural possessive demonstrates that we may attribute things to more than one client.

In conclusion, To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

Read more about client's

brainly.com/question/28162297

#SPJ1

CQ

Your client has made all of the following transfers. Which of these transfers will be excluded from the client's total gifts in the year made?

Paid a hospital $11,000 for medical services rendered to a friend

Paid a family member $15,000 so she could go to school

Made a donation to the democratic party

Made a contribution to the shriner's hospital, which provides free medical care to children

A)

II and IV

B)

I and II

C)

III and IV

D)

I and III

You might be interested in
In the fictional country of Dirian the economics statistics department has been busy calculating the price index for a basket of
inysia [295]

Answer:

Inflation refers to the general rise in price levels of goods and services in an economy.

Inflation = \frac{CPI in current year - CPI in previous year}{CPI in current year} *100

2014 Inflation;

Inflation = \frac{104.7 - 100}{100} *100\\= 0.047

= 4.7%

2015

Inflation = \frac{109.3 - 104.7}{104.7} *100\\\\= 0.0439

= 4.39%

2016

Inflation = \frac{113.1 - 109.3}{109.3} *100\\\\= 0.0348

= 3.48%

2017

Inflation = \frac{119.2 - 113.1}{113.1} *100\\\\= 0.0539

= 5.39%

4 0
3 years ago
Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothi
natulia [17]

Answer:

Klean Fiber Company

Incremental Analysis for the Special order of 250,500 units of Y-Go undergarments:

Direct materials                                  $2.04         $511,020

Direct labor                                           0.40          100,200

Variable manufacturing overhead       1.04         260,520

Fixed manufacturing overhead            1.02         255,510

Total costs                                         $4.50      $1,127,250

Fixed manufacturing overhead           1.02          255,510

Incremental costs                             $3.48         $871,740

Explanation:

a) Data:

Full Capacity = 1,031,000

The per unit and the total costs at full capacity for Y-Go:

                                                 Per Undergarment       Total

Direct materials                                  $2.04         $2,103,240

Direct labor                                           0.40              412,400

Variable manufacturing overhead       1.04           1,072,240

Fixed manufacturing overhead            1.44           1,484,640

Variable selling expenses                    0.34            350,540

Totals                                                  $5.26       $5,423,060

b: In her decision to accept or reject the special order for 250,500 units of Y-Go undergarments by the U.S. Army, the Klean Fiber Company will only consider the relevant incremental unit cost of $3.48 and not the whole unit cost of $5.26.  The $3.48 cost excludes the fixed overheads or the selling and administrative expenses.

8 0
3 years ago
Brody owns all the stock in Mongoose Corporation. Brody has a basis of $200,000 in the Mongoose stock, which currently has a fai
oee [108]

Answer:

d. None of the above.

Explanation:

Option D is correct because Brody has a basis of $200000 Mongoose stock and its market value is $500000. After the merger, Brody receives $200000 preferred stock and $300000 common stock which is equal to its market value of a stock before the merger so there is no gain.

3 0
3 years ago
Which management assertion is usually most relevant for liability accounts? 1. Completeness. 2. Existence.3. Rights and obligati
katovenus [111]

Answer:

The right answer is 3. Rights and obligations.

Explanation:

Liability accounts include all those financial obligations that a company has with suppliers, accounts payable, taxes, among others.

8 0
3 years ago
Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washingto
boyakko [2]

Answer:

See the explanation below.

Explanation:

Note: Find attached the summary table.

Total annual dividend payable to cumulative preferred 2% stock = 25,000 * $80 * 2% = $40,000

For 20Y1

Dividend declared = $24,250

Total payable to cumulative preferred 2% stock = $24,250

Cumulative preferred stock per share = $24,250 / 25,000 = $0.97 per share

Total cumulative preferred carried forward = $40,000 - $24,250 = $15,750

Total dividend payable to common stock = $0

Common stock dividend per share = $0

For 20Y2

Dividend declared = $9,000

Total payable to cumulative preferred 2% stock = $9,000

Cumulative preferred stock per share = $9,000 / 25,000 = $0.36 per share

Total cumulative preferred carried forward = $40,000 - $9,000 + $15,750 = $46,750

Total dividend payable to common stock = $0

Common stock dividend per share = $0

For 20Y3

Dividend declared = $106,750

Total payable to cumulative preferred 2% stock = $40,000 + $46,750 = $86,750

Cumulative preferred stock per share = $86,750 / 25,000 = $3.47 per share

Total dividend payable to common stock = $106,750 - $86,750 = $20,000

Common stock dividend per share = $20,000 / 100,000 = $0.20 per share

For 20Y4

Dividend declared = $95,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $95,000 - $40,000 = $55,000

Common stock dividend per share = $55,000 / 100,000 = $0.55 per share

For 20Y5

Dividend declared = $110,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $110,000 - $40,000 = $70,000

Common stock dividend per share = $70,000 / 100,000 = $0.70 per share

For 20Y6

Dividend declared = $165,000

Total payable to cumulative preferred 2% stock = $40,000

Cumulative preferred stock per share = $40,000 / 25,000 = $1.60 per share

Total dividend payable to common stock = $165,000 - $40,000 = $125,000

Common stock dividend per share = $125,000 / 100,000 = $1.25 per share

Download xlsx
5 0
3 years ago
Other questions:
  • Simon has been in the landscaping business for over 40 years. When Jorge, his business partner, suggested adding snow removal as
    8·2 answers
  • Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou
    14·1 answer
  • when gathering information, which of the following tasks might you need to perform? a. fill out forms, follow procedures, and ap
    11·2 answers
  • The classical dichotomy and the neutrality of moneyThe classical dichotomy is the separation of real and nominal variables. The
    15·1 answer
  • Jana completed an informational interview with a preschool teacher in her area. She wants to write a thank-you letter. What shou
    15·1 answer
  • The process of following a professional for a day or two to get a taste of what various careers entail and receive in-depth expo
    10·1 answer
  • Tim spends his income on donuts (D) and coffee (C). Coffee is $2 per cup and donuts are $1 each. Assume that Tim has $10 to spen
    6·1 answer
  • Suppose that the reserve requirement is 10% and that the Federal Reserve purchases $5 billion in bonds from a brokerage firm.Ini
    8·2 answers
  • SME Ads Inc. (SME) Steven Monahan owns SME Ads Inc., an advertising agency. At present, the company focuses on advertising only.
    12·1 answer
  • The Blue Lagoon has a return on equity of 23.62 percent, an equity multiplier of 1.48, and a capital intensity ratio of 1.06. Wh
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!