Balloon payments are payments that are?

Laura's father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2017. Albert's basis for the Liba st

Vikentia [17]

Answer:

B) $3,000

Explanation:

Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.

7 0

3 years ago

When total expenditures are greater than total production, __________ is produced than households want to buy, which leads to __

11111nata11111 [884]

Answer:

When total expenditures are greater than total production, less is produced than households want to buy, which leads to decrease in inventory, which signals firms that they have under-produced, which causes firms to increase production.

Explanation:

When total expenditures are greater than total production, then the business will have low production.
If the production is lower than the customer's demand then it will decrease in inventory.
If the production is less than the demand of the customer, then in order to fulfill the gap, we need to increase our production.

5 0

4 years ago

ABC Bank requires a 20% down payment on all of its home loans. If a house is priced at $165,000, What is the amount of the down

ella [17]

The answer to your question is going to be D: 29,000

3 0

3 years ago

Read 2 more answers

Both Bond Bill and Bond Ted have 9.8 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 7 yea

Ad libitum [116K]

Answer:

A, the price of bond Bill and bond Ted will change by -9.35% and -15.87% respectively.

B. the price of bond Bill and Ted will change by 10.63% and 21.55% respectively.

Explanation:

6 0

4 years ago

After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were

larisa86 [58]

Answer:

revenues 598,000 debit

income summary 598,000 credit

--- to close revenues accounts---

income summary 480,000 debit

expenses 480,000 credit

-- to close expenses accounts ---

income summary 70,000 debit

lang withdrawals 40,000 credit

capri withdrawals 30,000 credit

--- to close withdrawals account---

Explanation:

We will use income summary account to close the accounts:

as the revenues normal balance is credit to close it, we will debit it.

as expenses normal balance is debit to close it, we will credit it.

the withdrawals are done like:

withdrawals debit

cash credit

so their blaance is debit, to close it we will credit them

5 0

3 years ago