Probably rent to buy but if that isn't an answer tell me the options.
Answer:
Deductible interest expense of $1440 and deductible education expense of $4000.
Explanation:
There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.
The statement is True. An IPO is issued in the primary market which is smaller than the secondary market for equities.
In finance, fairness is the possession of belongings that could have debts or other liabilities connected to them. Equity is measured for accounting functions by subtracting liabilities from the price of the belongings.
Fairness is the amount of capital invested or owned with the aid of the owner of an agency. The fairness is evaluated through the difference between liabilities and assets recorded on the balance sheet of an organization. The worthiness of fairness is primarily based on the prevailing proportion fee or a cost regulated by the valuation experts or investors.
In end, stocks are known as equities because they represent possession in organizations. They let buyers gain from growth however additionally have danger when enterprise situations weaken.
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Hi Gabflips1902,
<span>Preferred stock is characterized by quasiminus−debt nature.
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The accounting information of a privately held company is generally available to all of the following except for A. Competitors.
<h3>What is a privately held company?</h3>
A privately held company is a private company.
It does not sell its stock or shares to the public.
Examples of privately held companies include:
- Sole proprietorships
- Limited liability corporations (LLCs)
- S corporations (S-corps)
- Some C corporations (C-corps).
Thus, the accounting information of a privately held company is generally available to all (governmental agencies, investors, creditors, and lenders) except for A. Competitors.
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