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3 years ago

What are the two main outcomes of a debt-for-nature swap?

1 answer:

7 0

The two outcome for debt-for-nature swap are: For debtors, Edit Through a debt-for-nature swap, debtor reduces its total outstanding external debt. They will be able to purchase back part of its debt in more favorable terms and pay for preservation initiatives rather than debt service and this leads to higher international purchasing power for the debtor country. For creditos, They see debt-for-nature swaps as a strategy to disburden themselves of high-risk claims. Through selling the debt claim, they can re-invest the profit from the sale in higher-performing enterprises.

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Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is

Bogdan [553]

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

8 0

3 years ago

is year, Amy purchased a personal residence at a cost of $1,000,000. She borrowed $800,000 secured by the home to make the purch

Irina18 [472]

Answer:

Deductible Interest is $11,250

Explanation:

Compute at the amount of $750,000 the interest Amy could deduct as follows:

Since the interest on loan secured by home could be deduct on the first $750,000 borrowing amount. Hence,

Deductible Interest = Interest Paid × ($750,000 / Loan Secured by income)

Deductible Interest = $12,000 × ($750,000 / $800,000)

Deductible Interest = $11,250

Hence, the Amy could deduct interest on borrowing $11,250

3 0

3 years ago

1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On Decem

katovenus [111]

Explanation:

According to the accounting cost method , the reissuance of the treasury stock would be credited to the additional paid in capital which represents the remaining amount i.e deduct $120,000 from the $190,000

And, the net income for the year 6 is

= Increase in assets - Increase in liabilities - Increase in capital stock - Increase in additional paid in capital + Dividend payment

= $356,000 - $108,000 - $240,000 - $24,000 + $52,000

= $36,000

7 0

3 years ago

Rune Co.’s checkbook balance on December 31 was $10,000. On that date, Rune held the following items in its safe: $4,000 check p

jarptica [38.1K]

Answer:

$13,000

Explanation:

<em>As of December 31</em>

Balance as per Bank Statement $10,000

(+) Bank credits and collections $4,000

(-) Bank errors overstate book balance $1,000

Correct Cash Balance $13,000

6 0

3 years ago

Read 2 more answers

Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of t

alex41 [277]

The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.

Explanation:

Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.

Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.

Incorporation provides shareholders with immunity from personal liability for the company's debts.

8 0

3 years ago