That statement is true
Because of this, Keyness believe the role of Government is really crucial to get the nation out of the recessionary gap.
The government could help in this situation by creating several financial policies to regulate price and monetary currency of the nation
Given:
<span>Rita contribution:
cash of $10,000
building with a fair market value of $150,000, adjusted basis of $55,000 and subject to a liability of $60,000
</span><span>Gerry contribution:
cash of $100,000
</span>
<span>The partnership's basis in the building contributed by Rita is a. $55,000.
The amount corresponds to the adjusted basis. It is already the adjusted value of the building after the fair market value and the corresponding liabilities have been considered in the computation of the adjusted building value.</span>
B. Be called in for an interview because that's the first thing they see and it gives the general details
Answer:
D. Becoming eligible as a dependent on his or her parent's joint tax return
Explanation:
In the case when the individual is disqualify from claiming the premium tax credit at the time when it become eligible as a dependent based on joint tax return of his or her parent
So this is the case when a single individual disqualify from the tax credit
Therefore as per the given situtation, the option d is correct
Answer: The answer is provided below
Explanation:
a. The reconstructed journal entry has been prepared and attached.
b. The following are the effects it has on the investing section or the financing section of the statement of cash flows.
The first transaction will lead to a cash inflow of $8,000 from the investing activities.
The second transaction is non-cash transaction therefore, it will not be reported in either the financing or the investing activities.
The third transaction will lead to a cash inflow of $2,000 from the financing activities.
The fourth transaction will lead to a cash outflow from the financing activities.
Thw diagram has been attached.
