Answer:
Explanation:
1% of 120,000
2% of 90,000
6% of 100,000
Total 9,000
The aging method stimated the allowance for uncollectible accounts
so their result should be the ammount reported for December 31th Year 4
Answer:
A) Gift loans of $14,000 in which interest foregone is in the form of a gift.
Explanation:
You are free to give anyone any type of gift that is worth up to $14,000, this includes gifts in cash, assets (e.g. car) or gift loans. Any gift above that threshold will result in taxes paid by the person that receives the gift.
The IRS defines gift loans under Section 7872(f)(3) as:
<em>“The term “gift loan” is any below-market loan where the forgoing of interest is in the nature of a gift.”</em>
As long as the forgone interest doesn't exceed $14,000, then no taxes should be paid.
Answer:
26.923%
Explanation:
Return on Investment
Center B
return 525,000
investment 1,950,000
ROI 525,000 / 1,950,000 = 0,26923076923 = 26.923%
Is metric is used to determinatethe efficiency of the assets. It compares the generated amount with the investment account.
The investment yields 26.923% of the principal
Answer:
D deed
Explanation:
Real estate property ownership is recorded and tracked with documents known as the deed or the title deed. The records are in the custody of the County Recorder’s office. Any transfer of property ownership must be accompanied by a change to the official documents to reflect the new owner. The change in name on the deed documents is what signifies the transfer of ownership.
