Savings account is the answer
Answer:
Consolidated income: 954,800 dollars
Explanation:
Gallow income x race participation:
$ 204,000 x 80% = $ 163,200
The gross profit in the infra-entity transaction will be eliminated
$ 450,000 - $ 330,000 = $ 120,000 gross profit
15% remains at Gallow so: $ 120,000 x 15% = $ 18,000 gross profit for the unsold inventory.
We now multiply by Race participation: $ 18,000 x 80% = $ 14,400 unrealized gain.
Consolidated income:
Race income: 806,000
Gallo income 163, 200
unrealized gain (14, 400)
Total: 954,800
Hey there,
Personally, I think that this would be True, because being registered would be highly important for corporations.
~Jurgen
Not 100% sure but i THINK it is A/P. I know for sure that it is not the income summary
Hard assets such as investment real estate can provide an investor with both capital gains and, I believe you meant investment income. Numerous assets classes, depending on the investor's state (country or geographic area) and that area's tax laws will have significant, and often changing consequences for each type of investment.
However, keep in mind that capital assets are defined by the U.S. IRS as property such as home or car, and ohter investment property such as stocks or bonds.
Several definitions to keep in mind include capital gain or loss, the difference between price paid and price sold (occasionally including holding and selling costs, etc.). Your basis in the investment property is what you paid for the asset.
Hope this helps...never heard of interested income, but I don't know everything either. )
