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3 years ago

Form 1040EZ is used by individuals who do not claim a lot of deductions. a. True b. False

Business

2 answers:

hodyreva [135]3 years ago

8 0

Answer:

True

Explanation:

Form 1040EZ is a short version of the 1040 form to file the income tax return. This form is used by people with a simple tax situation that have an income of less than $100,000 and have no dependents. Also, this form only have a few deductions available and because of this it is true that it is used by individuals who do not claim a lot of deductions.

MaRussiya [10]3 years ago

6 0

True. Form 1040EZ is called the short form.

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You are the supervising engineer in the construction of an offshore oil drilling platform that is fabricated by welding stainles

earnstyle [38]

Answer: this is to render a heat solution of about 1070 degree Celsius with water to quench, so as to retain the carbides solution in the defective steel for re use.

Explanation:

With the climate condition in the off shore oil drilling platform, it won't rake long for the fabricated steels to collapse and cause the loses of multiple lives and properties.

As an expert I will suggest we deconstruct the steels and use Austenitic stainless steel, because of its corrosion resistance.

We might as well sensitised the steels before use. Because the sensitisation occurs in the region that has seen temperature close to 600 and 900°C.

My possible solution to overcome this defect stated by the quality control and as a result spend less, is that we undergo a HEAT SOLUTION TREATMENT at a 1070°C followed by a water quench to help retain the carbides solution on a rapid cooling in those defective still, and also make it resistance to the climate condition of the area and also commence the project.

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3 years ago

Sports Corp. has 10 million shares of common stock outstanding, 5 million shares of preferred stock outstanding, and 1 million b

Paha777 [63]

Answer:

C:62.50 Hope this Helpss!!

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3 years ago

Read 2 more answers

Business K exchanged an old asset (FMV $95,000) for a new asset (FMV $95,000). Business K’s tax basis in the old asset was $107,

cestrela7 [59]

Answer:

All requirements solved

Explanation:

A realized loss is the loss that is recognized when assets are sold for a price lower than the original purchase price

1.If Exchange was a taxable transaction:

Realized loss = $95,000 amount realised - $107,000 tax basis = $12,000

Recognized loss = $12,000

Tax basis in new asset = $92,000 cost

2. If the exchange was a non-taxable transaction:

Realized loss = $95,000 amount realised - $107,000 tax basis = $12,000

Recognized loss = $0

Tax basis in new asset = $104,000 substituted basis

3. If exchange was taxable,

Gain recognized on sale of new asset = ( $100,000 amount realized - $95,000 Tax basis)

Gain recognized on the sale of new asset = $7,000

If exchange was non taxable,

loss recognized on sale of new asset = $100,000 amount realized - $107,000 Tax basis

loss recognized on sale of new asset = $7,000

6 0

3 years ago

___________________ are for-profit organizations that contract out or lease a wide range of light manufacturing, warehousing, an

suter [353]

Answer:

Consolidation warehouses

Explanation:

Consolidation warehouses are warehouses that, as the name implies, consolidate a number of smaller shipments from other companies into a larger shipment, in a specific area.

Consolidation warehouses can also offer light manufacturing services, but their main function is to consolidate shipment into a single place, and distribute those shipments in a more cost-efficient manner.

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4 years ago

The following amounts were taken from a company's balance sheet:

liberstina [14]

Answer:

Option a (5000) is the appropriate answer.

Explanation:

Given values are:

Current assets,

= $10,000

Current liabilities,

= $5,000

Now,

The working capital will be:

= $Current \ assets-Current \ liabilities$

By substituting the values, we get

= $10000-5000$

= $5000$

7 0

3 years ago