Answer:
par value of the shares issued.
Explanation:
In the case when the corporation issued the capital stock with regard to the service payment so the least & appropriate basis for recording the above transaction would be the par value of the shares issued as it would leads to the excess payment
Therefore according to the given situation the last option is right
Answer:
d. Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from the sale of stock.
Explanation:
At the end of each accounting period, the corporation is expected to pay a tax known as income tax from the taxable income earned by the corporation. This tax is paid by the corporation before the amount to be paid to the shareholders of the company in form of dividends.
The shareholders of the company are further subjected as individuals to personal income tax.
This is known as double taxation of dividend. Gains from sale of stock are also taxed under personal income tax.
Answer:
IRR = 13.05%
Explanation:
using an excel spreadsheet, the cash flows are:
year 0 = -$3,200,000
year 1 = $425,000
year 2 = $425,000 x 1.08 = $459,000
year 3 = $459,000 x 1.08 = $495,720
year 4 = $535,378
year 5 = $578,208
year 6 = $624,464
year 7 = $674,422
year 8 = $728,375
year 9 = $786,645
year 10 = $849,577
year 11 = ($849,577 x 1.08) - $480,000 = $917,543 - $480,000 = $437,543
IRR = 13.05%
The internal rate of return (IRR) is the discount rate at which a project's NPV (net present value) would equal $0.
Frequently, you’ll hear people say that “retirement age” is 65. What are they referring to? People who say this are referring to the age in which you can receive your full Social Security retirement benefits. At different ages starting at age 62, you are eligible to receive a percentage of the benefits, once you hit 65, you can receive your full percentage/allotted amount.
