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MariettaO [177]
3 years ago
12

Which of the following is a question that the auditor will answer when sampling?a. Which population and sampling unit should be

tested, and what characteristics should be examined?b. How many items should be selected for audit testing?c. Which items should be included in the sample?d. What inferences can be made about the overall population from the sample?e. All of the above.
Business
1 answer:
Ierofanga [76]3 years ago
8 0

Answer:

E. All of the above.

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Jacob wanted a parking space in a nearby lot. He filled out an application and a computer generated his choices. This is an exam
Andrej [43]

Answer: lottery

Explanation:

3 0
2 years ago
Greiner, Inc., a calendar year S Corporation, holds no AEP. During the year, Chad, an individual Greiner shareholder, receives a
Likurg_2 [28]

Answer:

The long term capital gain= $30000-$25000

The long term capital gain= $5000

The basis in stock will be zero after the distribution.

Explanation:

Step 1 of 3

Tax treatment of amount distributed to shareholders:

The amount received as distribution to a shareholder under S Corporation is equal to the cash and fair market value of property distributed. The distribution is considered as tax-free to the limit that it does not exceed shareholder’s basis in the company’s stock. Any amount received in excess of basis will be treated as capital gain.

Step 2 of 3

However, taxation depends whether S Corporation has ever been a C Company or it posses’ accumulated earnings and profits. If it was never a C Corporation or doesn’t holds AEP then distribution equals to basis of share in S Corporation is a tax free gain for shareholder. Gain over and above basis is taxed as capital gains.

Step 3 of 3

In the given problem, C is a shareholder in S Corporation. He receives $30,000 as cash distribution. His basis in stock is $25,000. The distribution up to basis of stock is tax free distribution and above that is charged to capital gains. It is as follows-

Thus, capital gain of  is taxable in hands of C. His basis in S Corporation will reduced to zero as entire distribution is over and above basis of his stock.

3 0
3 years ago
Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
mestny [16]

Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as Appurtenances.

<h3>What Is Appurtenance?</h3>

In real estate, an appurtenance is something that is installed in or sits on a property. It is something that is considered a part of the property, is sold with the property, and it is passed on to the new owners.

When we talk about appurtenances we are often talking about things that run with the land. Appurtenance originates from the word 'appertain,' which means to relate to, be appropriate, or applicable.

Before defining appurtenance,

<h3>What is Real Property ?</h3>

In real estate, real property is defined as immovable or fixed property, any property attached to the land and even the land itself. This also includes permanent fixtures within the property, that are not personal property and easily moved.

Some common examples:  

  • Exterior buildings (e.g., barn, shed)
  • a fence.
  • Inground pools.
  • hot water heater.
  • Ceiling fans.
  • Window blinds (if installed).
  • Fixtures (excluding trade fixtures).
  • Cabinetry.
  • Furnace.
  • Existing crops.
  • Oil or mineral rights.
  • A shared driveway (with attached easement appurtenant).
  • a tree.
  • Water rights (given to an adjoining property).
  • in-ground swimming pools.
  • Easements.

Appurtenances are important to understand as they can have an effect on landlord and tenant relations as well as that between buyer and seller.

Learn more about Easement Appurtenances on:

brainly.com/question/15725702

#SPJ4

6 0
2 years ago
Brian is responsible for the promotions and public relations of his firm, which produces rubber tires. a recent development in t
brilliants [131]

Answer:

Not newsworthy.

Explanation:

The news is not worth publishing because this is not something that excites the public or catches their attention.

When you are in public relations and you need to advertise and promote a company and it's products, the idea is to capture the imagination of your target audience.

In this example, the news proposal will rightly be rejected because it does not seem to serve any of these purposes.

8 0
3 years ago
The ______________ ______________ is the result of a series of events that grew out of a perceived need relating to organized re
r-ruslan [8.4K]
That recreation was viewed by society
4 0
3 years ago
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