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babymother [125]
3 years ago
9

True or false - the power to levy federal income taxes rests with the u.s. congress

Business
1 answer:
Eddi Din [679]3 years ago
3 0
I believe this is true :)
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May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock
tatuchka [14]

Answer:

The amount of paid-in capital        $

Common stocks (22,000 x $2)      44,000

Preferred stocks (1,800 x $120)     216,000

Amount of paid-in capital               260,000

The correct answer is C

Explanation:

The amount of paid-in capital is the total of paid-in capital of common stocks and paid-in capital of preferred stocks. The paid-in capital of each stock is computed as number of stock multiplied by par value of each stock.

6 0
3 years ago
If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales wil
Hoochie [10]

Most likely when the U.S. dollar appreciates, the MNC's interest owed on foreign funds borrowed will probably increase.

MNC refers to Multinational corporation .

  • The Multinational corporation are known to borrow from foreign bodies in dollars.

  • Hence, when the dollar appreciates, the amount owed to the foreign bodies will increase consequently.

Therefore, the Option C is correct because the MNC's interest owed on foreign funds borrowed will probably increase when U.S. Dollars appreciates.

Read more about this here

<em>brainly.com/question/14124450</em>

4 0
2 years ago
What is the process of researching or studying a concept?
Zolol [24]
Learning.
Or at least I believe so. Are there multiple choice?
4 0
3 years ago
Land was acquired in 2021 for a future building site at a cost of $41,500. The assessed valuation for tax purposes is $28,200, a
alexira [117]

Answer:

The land should be reported in the financial statements at $41,500

Explanation:

The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500

8 0
2 years ago
Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of t
NeX [460]

Answer: True

Explanation:

Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.

This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

4 0
2 years ago
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