Answer: The fair market value of the free tour to Costa Rica is a taxable income.
Professor Vanessa Lazlo won the free tour in a draw, where a prize is awarded by chance.
Publication 525 of the IRS defines taxable and non taxable income.
The IRS lists winnings from raffles and lotteries under Other income.
It also declares that the fair market value of winnings from raffles and lotteries are winnings from gambling. Hence the fair market values of non cash prizes are taxable and must be included as income.
A show statement is used by a database administrator to get details about the items in a database. A data dictionary has this information.
- facts factors applied or recorded in a database, facts device, or as a thing of a studies examine are given names, definitions, and houses in a data dictionary.
- A imperative store for metadata is known as a facts dictionary. records about facts is called metadata.
- Examples of information that might be found in a company's data dictionary include the names of all the databases that make up the organisation.
The shape and content material of records are categorised and communicated the use of a information dictionary, which also offers insightful descriptions for mainly distinct data objects.
The database control machine where the information dictionary is stored is accountable for this. therefore, on every occasion a database change is finished, the database control device without delay updates the facts dictionary. due to its self-updating nature, that is referred to as an energetic statistics dictionary.
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Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
The correct option is B.
Investment in real estate can be categorized as direct and indirect investment. An indirect investment in real estate is one in which the investor buy shares in a privately or publicly owned company. Indirect real estate property investment give the investors the opportunity to invest in real estate through the mean of buying shares from appropriate institutions.
Answer:
D. The presentation of the value of a company
Explanation:
The company's values, corporate values or core values, has no place in the financial statement.
The corporate values includes the fundamental beliefs upon which ones business and its ethic/behavior are based.
