Answer:
A. $0
Explanation:
No money or amount is reported as a rental income from the Lake Tahoe home that current year. This is because the house is considered as primarily personal. He only rents it outside for two weeks in the summer. Most times when the house is not vacant, he is the one staying there. Properties that are primarily personal are not reported as rental income in scenario like this.
Answer:
At least four core functions can be identified.[1] The financial sector should provide the following services:
Value exchange: a way of making payments.
Intermediation: a way of transferring resources between savers and borrowers.
Risk transfer: a means for pricing and allocating certain risks.
Liquidity: a means of converting assets into cash without undue loss of value.
Answer:
(b) purchase contract with no contingencies.
Answer:D) the bond is probably being called by the issuer because interest rates went up
This statement is not true because when interest rates go up the issuer is at an advantage as he had previously borrowed money at a interest rate which is lower than the present interest rate, as interest rates have risen. Also when interest rates rise and the issuer calls the bond he will have to pay higher interest to re borrow money and this is foolish thus the issuer will not call the bond when interest rates rise. The issuer will call the bond when interest rates fall, as the issuer can re issue the bonds and borrow money at lower interest rates.
Explanation:
