Answer:
Option (b) $30,000
Explanation:
Data provided in the question:
shares of common stock issued @ $7 per share = 10,000
shares of common stock issued @ $8 per share = 20,000
Net income = $100,000
Dividend paid = $50,000
Number of treasury stocks purchased = 3,000
Price per stock of treasury stocks = $10
Now,
The balance in the Treasury Stock account at the end of 2021
= Number of treasury stocks purchased × Price per stock of treasury stocks
= 3,000 × $10
= $30,000
Hence,
Option (b) $30,000
Answer:
The definition for the problem is listed in the segment below on explanations.
Explanation:
The seven elements that will have to go along with the partnership agreement or resolution are given below:
- Name, place, as well as nature.
- Title, capital commitment, and responsibilities.
- New partner practices.
- Benefit and loss account.
- Asset withdrawal.
- Partnership liquidation.
So that the above is the right answer.
Answer:
$101,269.5
Explanation:
Calculation to determine the weighted-average accumulated expenditures
Weighted-average accumulated expenditures=$202,539* (3/12 + 2/12 + 1/12)
Weighted-average accumulated expenditures=$202,539*0.5
Weighted-average accumulated expenditures=$101,269.5
Therefore In determining the amount of interest cost to be capitalized, the weighted-average accumulated expenditures are $101,269.5
Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
Answer:
a. Multi-channel retailing
Explanation:
The use of multiple distribution channels that integrate organizations' brick-and-mortar stores with websites, catalogs, and apps where consumers can research products, read other buyers' reviews, and make actual purchases is known as Multi-channel Retailing. Multi-channel retailing<u> provides the following benefits to the customers:-
</u>
1. Provide flexibility for the consumers when purchasing and paying for goods and services.
2. It facilitates the customers to access 24 hours to build brand loyalty.
3. It improves analytics to help understand consumer behaviors etc.