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1 year ago

For accounting purposes, the business entity should be considered separate from its owners if the entity is:________

1 answer:

4 0

For accounting purposes, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.

<h3>What is a business entity?</h3>

It refers to the organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities. It ia also an organization founded by one or more natural persons to facilitate specific business activities or to allow its owners.

There types of business entities includes the sole proprietorship, partnership, LLC, corporation, etc

Hence, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.

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2 years ago

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3 years ago

A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th

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Answer:

Beneficiary recognized gain is $510000.

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The amount paid by the decedent for the stock = $280000

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Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

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3 years ago

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Answer:

Explanation:

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then CPT PV = ?

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Therefore, your friend needs to have $662,433.56

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3 years ago

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3 years ago