Answer:
E. $40,600
Explanation:
Calculation for the amount of net income reported on Sparty's income statement
Revenue $97,000
Less: Operating Expenses $39,000
Profit Before Tax $58,000
(97,000-39,000)
Less Taxes $17,400
Net Income $40,600
($58,000-$17,400)
Therefore the amount of net income reported on Sparty's income statement will be $40,600
Because you have proof of what you payed.
They must have good communication manners and be polite
Answer:
Type C” reorganization
Explanation:
The restructuring qualifies as “Type C” reorganization because minimum 80% of assets of Target are obtained with Acquiring stock. At least 90% of the net assets and 70% of the gross assets are transferred from Target for Acquiring stock of voting. The exchange does not qualifies as a “Type A” as none of the liabilities are assumed by Acquiring. Therefore, the restructuring qualifies as “Type C” reorganization.
Answer:
4) Student loan forgiveness given to teachers if they teach in high poverty areas.
Explanation:
A subsidy is assistance from to government to the private sector or another public sector that aims at promoting production in the specific sector of the economy. Subsidies are in the form of cash donations, tax concessions, government purchase policies, or assumption of risk. The objective of subsidies is to lower the cost of production, thereby reducing the market price of outputs.
The most common types of subsidies are in the agricultural and manufacturing sectors. In agriculture, the government often subsidizes production by giving cash incentives to farmers. The subsidies help reduce the cost of food. In manufacturing, the government offers export subsidies to businesses to support them in increasing exports.
Other types of subsidies include loan guarantees, loans at reduced interest rates, and tax waivers.
