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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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Public relations personnel are constantly using the Web and social networks to communicate information about their employers and
Ratling [72]

Answer: Internet transparency

Explanation:

Internet or network transparency is defined as the process where a protocol transmits data transparently or invisibly to those who are using the applications that the protocol uses. This allows the person to access the information no matter where they are. An example is when people access files in the clouds, regardless of where they are, they can access the information.

 

Internet transparency allows the person not to have to worry about the location of the protocol, that is, they do not have to worry about which machine they are on, but can access it through another computer.

8 0
3 years ago
Net working capital increases when: Multiple Choice inventory is sold at cost. fixed assets are purchased for cash. inventory is
sashaice [31]

Answer:

d. inventory is sold at a profit

Explanation:

Net working capital increases when <u>inventory is sold at a profit</u>

Net working capital = Current Assets - Current Liabilities . Cash, Inventory and receivables are part of current assets

Hence, when inventory is sold at profit, cash received is more than decrease in inventory and hence, current asset increase and hence, working capital increases. When it is sold at cost, it remains the same. Purchase of inventory on credit will lead to same amount increase in current assets and current liabilities. Payment by customer will lead to increase in cash and decrease in accounts receivable, Hence, no impact

6 0
3 years ago
Blossom, Inc. acquired 20% of Nash Corporation's voting stock on January 1, 2021 for $870000. During 2021, Nash earned $361000 a
alexira [117]

Answer:

$72,200

Explanation:

For computing the amount included in the income statement as an investment we need to applied the equity method which is shown below:

= Earned amount × given percentage

= $361,000 × 20%

= $72,200

We simply multiply the earned amount by Nash with the acquiring percentage i.e 20% so that the amount could come and the same is to be included in the income statement

6 0
3 years ago
____ are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies or special industr
Schach [20]
GOVERNMENT SUBSIDIES are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies or special industries.

Government subsidies are assistance given by the government to a person or a group of individuals in support of an enterprise that is for the public interest.
3 0
3 years ago
Beliefs about what is ethical serve as a moral compass to guide behaviors of individuals
zmey [24]
True. ..................
6 0
3 years ago
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