Answer:
70% paid in the month of expenses and remaining paid in next month i.e. (78,400 - 10,000) * 70% = 47,880. (78,400 - 10,000) * 30% = 20,520.
Explanation:
Answer: Limited liability company
Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.
In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.
Hence from the above we can conclude that the correct option for them is limited liability company.
Answer:
A. PPO insurance plans offer a wider choice of primary care doctors and specialists.
Explanation:
Answer:
b. $461,820
Explanation:
The computation of the amount reported in the balance sheet is shown below:
But before that we need to find out the amortization of discount which is
= Purchased value of bond × interest rate of return - face value of bond × interest rate
= $456,200 × 10% - $500,000 × 8%
= $45,620 - $40,000
= $5,620
Now the amount reported is
= Purchased value + discount amortization
= $456,200 + $5,620
= $461,820
Hence, the option b is correct
