<span>Alice had original amount = $12,450. She earned an interest of $622.50 on the original amount. To find the percent, say, $622.50 = x% of $12,450, we get x% = 0.05 or x = 5%. Thus, Alice earned approximately 5% of the interest.</span>
Answer:
b.$20,000 ordinary income and $4,000 net long-term capital gain
.
Explanation:
For 2018, each shareholder should report:
180,000/9 = 20,000
36,000/9 = 4,000
b.$20,000 ordinary income and $4,000 net long-term capital gain
Answer and Explanation:
As we know that
The assets, expenses, and the dividend contains the debit normal balance while the liabilities, revenues and the stockholder equity contains the credit normal balance
Based on this, the classification are as follows
Particulars Debit Effect Credit Effect Normal Balance
(1) Salaries and Wages Expense Increase Decrease Debit
(2) Accounts Receivable Increase Decrease Debit
(3)Service Revenue Decrease Increase Credit
(4) Dividends Increase Decrease Debit
(5 Retained Earnings Decrease Increase Credit
I am not sure so sport but ikr