Answer: Windmill is not a CFC and none of the shareholders will have a deemed dividend under subpart F.
Explanation:
Subpart F income include insurance income, illegal bribes, foreign base company income, international boycott factor income, etc.
It should be noted that Windmill isn't a controlled foreign corporation that is the company isn't a corporate entity which is duly registered and then conducts business in another country that's different from its home country. Therefore, none of the shareholders will have a deemed dividend under subpart F.
The lengthy after being granted BIC eligibility does the dealer have to complete the specified 8-hour basic training: 120 days
For you to qualify for BIC Eligible status, a dealer have to: keep an energetic license; have acquired at least two years of actual estate brokerage revel in equivalent to 40 hours according to a week inside the preceding 5 years; publish the Request for BIC Eligible reputation and/or BIC Designation form (REC 2.25); and.BIC Eligible way a broking's license reputation who has happy the broking-in-charge qualification necessities and filed software pursuant to G.S. 93A-four.2 and 21 NCAC 58A.
A good way to obtain the BIC Eligible on their license, a dealer must meet the subsequent necessities: preserve an active broking's license (no longer provisional status) Have two years of complete-time brokerage experience or 4 years of part-time brokerage revel in within the previous 5 years.
Learn more about BIC eligibility here: brainly.com/question/25920220
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Answer:
Please refer to the below for the appropriate journal entry
Explanation:
Accounts receivable Dr $726,700
($676,000 + $50,700)
Sales revenue account Cr $676,000
Sale taxes payable account Cr $50,700
{(6% + 1.5%) × $676,000
Answer:
C. Balloon loan
Explanation:
Balloon loans are loans that can not fully amortize over its term. They are loans that are paid of with a large single final payments. A lump sum amount. It involves the borrower paying back a lower monthly percentage in exchange for paying a large one time payments at the end of the loan term. Either fixed or flexible interest rate structure can be used on it. Ballon loans are usually reserved for conditions when a business has to wait until a specific period before receiving payment from a client for its product or services.
Answer:
The answer is cost accounting system.
Explanation:
Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.
