Answer:
individual transfer rights system.
Explanation:
Some countries use market-based systems to help control access to fisheries. One such program is the individual transfer rights system.
An individual transfer rights (ITR) system can be defined as a system in which the government of a particular country gives each fishing vessel or owner a specific percentage of the total fish allowable to be caught each year.
Answer:
$2,000
Explanation:
From the question, the initial tax basis of Rubio is $20,000.
In a partnership, share of profit will increase the initial basis while share of loss will reduce it.
As the share of Rubio in the limited partnership loss for the year is $22,000, it will make his tax basis to fall to zero because the loss of $22,000 is greater than his tax basis. The amount by which the loss is greater than his tax basis, i.e. $2,000 ($22,000 - $20,000) will be the loss that is allowed considering only the tax basis loss limitations.
Therefore, $2,000 loss is allowed to be carried over due only to the tax basis loss limitation.
Answer:
a) A brainstorming meeting.
Explanation:
Have a good day and stay safe!
Answer:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
Answer:
<u>guardrails</u>
Explanation:
<u>Guardrails:</u> In business, the term "guardrails" is described as something that is being designed to keep individuals from engaging in dangerous territory unintentionally. Thus, guardrails are generally kept in the trickiest areas, where it's easy for people to take a "wrong turn". Similarly, "decision-making guardrails" are responsible for protecting businesses from taking "unnecessary risks".
<u>In the question above, the given statement represents guardrails.</u>
