If one company buys another what happens to the stock

illy fell off a bar stool and hurt his back. As a result, he was unable to work for three months. He sued the bar owner and coll

Arlecino [84]

Answer:

No, the tax treatment will not be same.

All the amounts received by Billy, are during the course of business, and are related to the damages caused to business, and to him personally, and under tax these all amounts are tax free:

Amount received for personal injury of $100,000 is tax free as is related to expense of his personal recovery.

The amount of $50,000 and $15,000 though received from different sources but is for the same purpose of loss of income and destruction caused to business.

Whereas, amber is an employee, she is not the owner and therefore, all of the benefits received from her workplace are taxable.

As the policy was purchased by the employer and therefore, any amount received from such policy by amber will be taxable as a perquisite received from employer.

6 0

4 years ago

The DBA function provides data modeling and design services to the end-user community, often through coordination with an applic

mrs_skeptik [129]

Answer:

The correct answer is True.

Explanation:

The DBA, unlike the data manager, is a data processing professional. The task of the DBA is to create the database itself and enforce the necessary technical controls to support the policies dictated by the data administrator. The DBA is also responsible for ensuring the proper functioning of the system and providing other related technical services. The DBA usually has a group of system programmers and other technical assistants.

The general responsibility of the DBA is to facilitate the development and use of the Database within the action guidelines defined by data management.

The DBA is primarily responsible for:

Manage the structure of the Database
Manage data activity
Manage the Database Management System
Set the Data Dictionary
Ensure the reliability of the Database
Confirm Database Security

8 0

4 years ago

During a meeting, Tyrone, a branch manager for Fishers Credit Union, pointed to the corporate organization chart on the wall. Ty

avanturin [10]

Answer:

E. Line managers; staff personnel

Explanation:

line managers are indicated on the organization chart by a solid line, and staff personnel are indicated by a dotted line.

8 0

3 years ago

20 points easy …………………….

dlinn [17]

Answer:

D.....................................

7 0

3 years ago

Presented below is information related to Novak Manufacturing Corporation.

svet-max [94.6K]

Answer:

A. Assets Original Salvage Depreciable Depreciable SL Depreciation

Cost Value value Life Per Year

A $46,575 6,325 40,250 10 $4,025

B $38,640 5,520 33,120 9 $3,680

C $41,400 4,140 37,260 9 $4,140

D $21,850 1,725 20,125 7 $2,875

E $27,025 2,875 24,150 6 $4,025

Total $175,490 20,585 154,905 $18,745

Composite rate of Depreciation = Total Depreciation per year/Total Original Cost

Composite rate of Depreciation = 18745/175490

Composite rate of Depreciation = 0.106815

Composite rate of Depreciation = 10.68%

B. Adjusting entry Debit Credit

Depreciation Expense-Plant Asset $18,745

Accumulated Depreciation-Plant Asset $18,745

c. Journal Entry Debit Credit

Cash $5,520

Accumulated Depreciation-Plant Assets $16,330

Asset D $21,850

(Record Sale of asset D)

5 0

3 years ago