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Nikitich [7]
3 years ago
11

How is the installment sale of an entire business reported on the tax return?

Business
1 answer:
USPshnik [31]3 years ago
3 0
<span>Use Form 6252 to report the income from the installment sale. The sale may also need to be reported on one or both of the following Forms: Schedule D (Form 1040) or Form 4797.</span>
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A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporati
Dahasolnce [82]

Answer:

c. $37.50

Explanation:

The computation of the market value of the stock split is shown below:

= Current market value ÷ four ÷ one

= $150 per share ÷ 4 ÷ 1

= $150 per share ÷ 4

= $37.50

Simply we divide the current market value by the four for one stock split ratio so that the correct market value can come. The four for one reflect the ratio criteria which is mentioned in the question

All other information which is given is not relevant. Hence, ignored it

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To what phase of the employment cycle does training belong?....
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The answer is onboarding.

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Bon suede, a shoe manufacturing company, produces ten thousand units of shoes of a distinct design. in 2015, the company was abl
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Answer:

b. Asset management ratios

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Asset management ratios -

It refers to the ratio of measuring and analyzing the management of the business in order to produce the sales , is referred to as the asset management ratios .

It basically determines that how effectively a certain firm is capable to manage its assets .

Hence , from the given scenario of the question ,

The correct answer is b.  asset management ratios .

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3 years ago
"Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic pro
serg [7]

Answer: A

Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.

When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products

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Lopez, Cruz, and Perez are partners and share net income and loss in a 7:3:1 ratio (in ratio form: Lopez, 7/11; Cruz, 3/11; and
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Answer:

31 Dec

Dr Perez capital 1300

Cr Cash 1300

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital 315

Dr Cruz Capital 135

Cr Cash 1750

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital 385

Dr Cruz Capital 165

Cr Cash 750

Explanation:

31 Dec

Dr Perez capital 1300

Cr Cash 1300

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital (1750-1300/10×7)315

Dr Cruz Capital (1750-1300/10×3) 135

Cr Cash 1750

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital (1300-750/10×7)385

Dr Cruz Capital (1300-750/10×3) 165

Cr Cash 750

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3 years ago
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