Answer:
(B) Nonmoney property distributions made by an S corporation having accumulated E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated E&P.
Explanation:
Answer:
Dealer Market
Explanation:
In a dealer market, multiple dealers give out their various prices on the sales and purchases of their specific and particular security of instrument. It is a financial tool for dealers in the market. The dealer market becomes more efficient for financial securities because it provides superior mechanism which should be protected.
It enables buyers and sellers to buy and sell independently through the market makers, known as dealers.
Foreign exchange and bonds are found in the dealer market.
In the secondary market, securities are traded by investors while in the primary market, they are created.
Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."
Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.
Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.
Answer:
b. $5,560
Explanation:
The computation of the total interest revenue is shown below:
The five equal annual year-end payments = $5,009
For five years, the total amount is
= $5,009 × 5 years
= $25,045
And, the present value of recording the note is $19,485
So, the total interest revenue earned would be
= Five years amount - present value of recording the note
= $25,045 - $19,485
= $5,560
Answer:
D. Guaranteed minimum withdrawal benefit
Explanation:
In the case of the guaranteed minimum withdrawal benefit, the benefit is available for fixed annuity and for a variable annuity.
When the market is down, the policyholder can withdraw the maximum percentage of the annuity value unless the amount of initial investment recouped.
Withdrawal amount should be between of five percent to ten percent of the initial investment held.
