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3 years ago

If the donor dies in the year in which a gift is made, the gift tax return

1 answer:

8 0

<span> Where a gift is made during the calendar year in which the donor dies, the last date for paying the tax required shall be the last date, including extensions, for filing the estate tax return under chapter 217 with respect to such donor.</span>

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A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same

zmey [24]

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.

Explanation:

In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.

Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.

3 0

3 years ago

On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair v

vagabundo [1.1K]

Answer and Explanation:

The journal entries are shown below:

On Jan 1, 2014

Unearned compensation Dr. $45,000

To paid in capital in excess of par $35,500

To common stock $9,500

(Being the unearned compensation is recorded)

On Dec 31,2014

Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)

To unearned compensation $15,000

(Being one year compensation became due is recorded)

5 0

3 years ago

For its newest gaming console, Star Electronics decides to tell consumers about the product by placing a full-page advertisement

m_a_m_a [10]

The magazine ad which helps the firm to tell prospective consumers about the electronic product is as example of channel of communication in communication process.

<h3>What is a channel of communication?</h3>

This are different mediums through which a firm or sender send its message to its intended audience.

Therefore, the magazine ad plays the role of a channel of communication because its helps to tell prospective consumers about the its electronic product

Read more about channel of communication

<em>brainly.com/question/771405</em>

8 0

2 years ago

Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates

Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance $40,000

Budgeted Cash Receipts $225,000

Total Cash Available $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%) $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%) $71,500

Direct Labor Payment $40,000

Other Cash Expenses $60,000

Income Tax Paid $10,000

Bank Loan Interest Paid $1,000

Total Cash Disbursements $210,500

Closing Cash Balance $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

6 0

3 years ago

A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati

stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0

3 years ago