Answer:
True
Explanation:
If a natural disaster occurs, house insurance can prevent you from further financial loss, as some compensation would be given.
Answer:
correct option is A. $0
Explanation:
given data
buy up to = 100%
stock = $20 per share
outstanding shares = at least 64%
stock closed NYSE up = 2.50
price = $18.75
to find out
if the customer were to tender the shares held long, the customer is assured of receiving
solution
as per given we can say that since the offer is contingent = at lest 64% of share tendered
so that here if customer decides to tender than customer can not assured of any gain or we can say customer has not assurance of being paid for any share
and if customer want to cash out the position tender is not appropriate because contingent at least 64% of share being tendered
so here correct option is A. $0
Total units to be produced = 785000
<u>Explanation:</u>
<u>production budget report in units for Pasadena Candle Inc is as follows:</u>
using the data as per given in the question:
Expected units to be sold 800000
Desired ending inventory, Dec 31 20000
Total units available 820000
Estimated beginning inventory, Jan 1 -35000
Total units to be produced 785000
Note: Desired ending inventory is the sum total of expected units that hev been sold and desired ending inventory at the year end.
Note: The begining inventory is to be deducted from the total units available.
Answer:
$30,000
Explanation:
Given that,
Equipment Cost = $175,000
Allowed depreciation = $55,000
Selling price of Equipment = $150,000
Total Value of Assets:
= Equipment Cost - Allowed depreciation
= $175,000 - $55,000
= $120,000
Income from sell of Equipment:
= Selling price of Equipment - Total Value of Assets
= $150,000 - $120,000
= $30,000
So, According to Section 1245 generate ordinary income of $30,000.
