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iragen [17]
3 years ago
13

American airlines traded eight 747s for twelve dc-10s owned by united airlines. this transaction is an example of

Business
1 answer:
OLga [1]3 years ago
3 0
American Airlines traded eight 747s for twelve DC-10s owned by United A<span>irlines. this transaction is an example of </span>barter.<span> Barter is a commercial transaction whereby two parties are </span><span>exchanging goods or services without the involvement of money. In this example, it is clearly a barter </span>transaction.<span> The </span><span>American Airlines traded a property with another property to United Airlines. There was no involvement of money in this transaction. The quantity of the property being traded is not necessarily equal because this would depend on the price of the property being traded in by the parties. In this example, United Airlines traded more pieces of their property to American Airline. This may be due to the price difference of the two properties.</span>
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tiny-mole [99]
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During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership
Bond [772]

Answer:

B) Only statement II is correct.

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Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

8 0
2 years ago
Identify the element of sensory memory that would be most useful in quickly scanning a map of a country to learn the geographica
alisha [4.7K]
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4 0
3 years ago
Read 2 more answers
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu
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Answer:

$582,100

Explanation:

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Total cost of land                       $582,100

The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.

4 0
3 years ago
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