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Allushta [10]
3 years ago
7

The cost of legal advice associated with the preparation of an individual's Federal income tax return that is paid in 2019 is no

t deductible because it is a personal expense. True False
Business
1 answer:
Vinil7 [7]3 years ago
4 0

Answer: False

Explanation:

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Consider the relative liquidity of the following assets:
motikmotik

Answer:

Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.

Most Liquid - A $5 bill

This is already cash so it is the most liquid there is.

Second-Most Liquid  - The funds in a money market account

Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.

Third-Most Liquid  -  A share in a publicly traded company

A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.

Least Liquid - Your house

Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.

7 0
3 years ago
Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain
victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

6 0
2 years ago
Ramiro has written a long paragraph that describes the two main causes of employee absenteeism. Ideally, how many paragraphs doe
djyliett [7]

In such a material, the number of paragraphs that Ramiro needs in order to be able to cover  a material of this sort is 4.

<h3>What is a paragraph?</h3>

This can be explained to be a section or a part of writing that is usually made up of a particular theme.

Paragraphs are usually created through the use of new spaced lines and indentation in research and other forms of writings.

Read more on paragraphs here:

brainly.com/question/1205541

#SPJ1

7 0
2 years ago
Andrew carnegie was a native of what country? ireland scotland switzerland united states 2. carnegie made his fortune primarily
slavikrds [6]
He was born in the city of Dunfermline which is in the country Scotland. 
7 0
3 years ago
Read 2 more answers
Sierra offers to sell alyssa a scottish terrier puppy for $800. alyssa and sierra do not discuss the dog's ancestry, but alyssa
Alika [10]
The answer in this question is A. Probably not, because Alyssa made a mistake about the dog's value, not a mistake about a material fact. Alyssa cannot rescind the contract based in her mistake because alyssa made a mistake about the dog's value not a mistake about a material fact.
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3 years ago
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