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Talja [164]
1 year ago
6

What amount of gain or loss does bli recognize if the transaction is structured as a direct asset sale to amy and brian? what am

ount of corporate-level tax does bli pay as a result of the transaction
Business
1 answer:
Reptile [31]1 year ago
4 0

The amount of gain or loss does bli recognize if the transaction is structured as a direct asset sale to amy and brian

Net cash received by Ernesto = 590300-108675 = 481625

Gain or loss recognized = 481625-106000 = $375625

In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. An asset represents the value of an asset that can be converted into cash.

Examples of personal financial assets include cash and bank accounts, real estate, personal property such as furniture and vehicles, and investments such as stocks, mutual funds, and retirement benefits. Something or someone that is an asset is considered useful or helps a person or organization succeed. Our creativity in technology is our greatest asset. Plural noun. Company or personal property is anything that a person owns. [work]

Learn more about assets here

brainly.com/question/27972503

#SPJ4

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The front matter of a formal report refers to the preliminary sections before the body section. True False
Agata [3.3K]

Answer:

TRUE

Explanation:

Front matters are pages of a report that preceeds the first text. It is the first section of a book or report and it's usually the shortest.

It is also known as PRELIMINARY MATTERS or for short PRELIMS.

It comes in different forms. It can be as simple and short as just maybe a single title page or it can include multiple titles pages, abstract, preface amongst others.

3 0
3 years ago
Consumer protection laws might result in:
motikmotik

I believe the answer is: A. Fewer unwanted telemarketing calls

The consumer protect laws allow the consumers to report business practices that violate their privacy or comfort (which is what many of them consider unwanted telemarketing calls are). The protection law could also prevent the price from goes too high, but it would not necessarily lower the average prices.

5 0
3 years ago
Read 2 more answers
Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
serious [3.7K]

Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0
3 years ago
Assuming a binding price floor, the more inelastic the supply and the demand curves are, the:1'smaller the shortage a price floo
KATRIN_1 [288]

Answer:

Option "3" is the correct answer.

Explanation:

Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.

3 0
3 years ago
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In regard to the stages (or rounds) of venture capital funding, the stage of funding that occurs when an investment is made very
NemiM [27]

Answer:  seed capital    

                       

Explanation: In simple words, seed capital refers to the funding under which a venture capitalist invests in a project that involves introducing a completely new product or service.

Usually the projects that involves funding of seed capital have no physical existence or assets. These projects are just in from of idea and the venture capitalist feels that it can be a success so he invest in it. Generally, under such projects venture capitalist takes majority of capital in his hold for fully enjoying the potential benefit.

 

3 0
3 years ago
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