Answer:
The correct answer is (C) Reported as a current asset.
Explanation:
The current asset, also called a current or liquid asset, is the asset of a company that can become liquid (become money) in less than twelve months. For example, bank money, stocks, and financial investments.
We can also understand the current asset as all those resources that are necessary to carry out the day-to-day activities of the company. It is known as current because it is a type of asset that is in continuous movement, can be sold, used, converted into liquid money or delivered as payment without too much difficulty.
Answer: $112,000
Explanation:
Jimmy is able to withdraw the entire $112,000 tax-free.
This is because to be able to Withdraw tax-free, one must have deposited money in the IRA for a minimum of 5 years and the person must be at least 59.5 years of age.
Those 2 criteria are met by Jimmy who deposited for 18 years and is now aged 65.
Answer:
The cost allocated to the building is $ 62,068.97
Explanation:
The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00
The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the appraised value of $145,000
cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97
The best way people can use their Personal loans is to buy or pay for groceries. As there are other separate loans for the things like car, home and pay for college.
<h3>what is a personal loan?</h3>
A loan is issued for non-essential purposes, usually to a person with a good credit score who is not required to submit collateral to back up the loan.
A personal loan can be utilized for practically any reason, including settling credit card debt, home upgrades, and large purchases.
Thus option D is correct.
For further details about the personal loan refer to this link:
brainly.com/question/19106746
Answer:
competition, goodwill with trade partners, and importation of goods
Explanation:
protectionism raises the cost of imported goods
