Answer:
He must report 15,000 gain in his year 8 tax...........
Answer:
The correct answer is $9,850,000
Explanation:
The Enterprise fund which will be reported, total other financing sources of the amount is computed as:
= Face Value - Cost of issuance
where
Face Value is $10,000,000
Cost of issuance is $150,000
Putting the values above:
= $10,000,000 - $150,000
= $9,850,000
Note: Premium will not be considered as it is asked for when the bonds are issued.
In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
<h3>What is Gross Domestic Product?</h3>
Gross domestic product (GDP) is a monetary indicator of the total market value of all the finished products that nations produce over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is. The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP).
Economic activity goes through periods of boom and then contraction during business cycles. Both the general welfare of society and the welfare of private entities are affected by these developments. Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
Hence, In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
To learn more about Gross Domestic Product refer to:
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Answer: $38,200
Explanation:
There are 28,000 Outstanding shares with a $13 market value.
That means that in total they are valued at,
= 28,000 * 13
= $364,000
The firm announced a 15% dividend so we take 15% of the total amount.
= 15% * 364,000
= $54,600
$54,600 is the total amount they will pay as dividends.
Dividends are taken from the Retained Earnings meaning that the balance in Retained earnings is therefore,
= $92,800 - $54,600
= $38,200
$38,200 will be the balance in the retained earnings account after the dividend.
