Answer:
Follows are the solution to this question:
Explanation:
Some of the missing data is defined in the attached file, please find it.
Bond problem rates
Diagram values are based on the following:
Bond issuance price
Timetable for bond amortization:
please find the attachment.
Answer:
C) As an asset, which will later be reduced as the pesticides are used.
Explanation:
The pesticides were bought because there was a discount, and the company has paid in cash but the pesticides won't be used for now, so it will be recorded as prepaid asset (Current Asset) which will liquidate in a year.
Answer:
C. Public goods must be provided to secure a high standard of living.
Explanation:
Public goods refer to commodity or service that cannot be avoided by individuals and is unprofitable to be produced and sold by firms. The government is the sole provider of such services. For example roads and security are better provided by government.
Answer: a. $3520
b. $26480
c. $40000
Explanation:
a. Calculate the tax cost of Kari's partnership earnings this year Tax cost
Ordinary Income = $20000
Less: 199A deduction = 20% × $20000 = $4000
Ordinary Income share = $16000
The tax cost of Kari's partnership earnings this year Tax cost will be:
= 22% × $16000
= 0.22 × $16000
= $3520
b. Compute Kari's after-tax cash flow from her partnership activity this year After-tax cash flow
This will be:
= Cash distribution - Tax cost
= $30000 - $3520
= $26480
c. Compute Kari's tax basis in her partnership interest at the ending of the year. Assume no change in her share of partnership during the year.
Basis at start of year = $50000
Add: Ordinary income = $20000
Adjusted basis = $50000 + $20000 = $70000
Less: Cash distribution = $30000
End of year basis = $40000