Answer:
$0
Explanation:
As we know that the life insurance proceeds would be recieved by the beneficary on the insured person death is tax free
Since the amount of $12,000 would be received by May Green on her insured father so this amount would be tax free
Therefore the amount that subjected to income tax is $0
Answer:
Corporation.
Explanation:
A business organized as a separate legal entity from its owners is a corporation.
A limited liability company (LLC) can be a corporation and basically it refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.
In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.
Additionally, it is very important that in the decision-making process, an organization consults a variety of its key or essential staffs such as managers, directors, stakeholders and executives. Furthermore, when the decision making process has been completed and a position taken, it is necessary that the organization communicates in clear and concise terms the details or parameters which influenced the choice to its audience such as investors, customers, employees etc.
Answer:
The correct option is (a)
Explanation:
Property dividend is distributing assets as dividends to its stockholders. This distribution is not in the form of cash. It could be any asset including any stock that the organization holds with some other company.
In this case, Houser corporation distributes shares of Baha corporation to its shareholders as dividends. This is an example of property dividend.
Answer:
Behavioral observation scales (BOS).
Explanation:
Performance appraisal is a formal systematic process combining both written and oral elements for reviewing and evaluation of individuals or a team's task performance in an organization. It helps employers to understand the abilities of their employees for further growth, training and development. One of such tool for performance appraisal is
Behavioral observation scales (BOS) is a performance appraisal method in which various performance levels are shown along a scale that incorporates only positive performance behaviors.
This simply means, BOS is focused on using one or more scales to gauge the frequency with which a staff has performed positively, effectively and efficiently in the job.
Hence, Behavioral observation scales (BOS) are goal-orientated process helps an employer to maximize the productivity of his or her employees, team members and by extension the organization.
If Martin and Beasley switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would change by an amount other than those listed above
Option D
Solution:
Total amount of administrative cost chargeable to consulting services in ABC costing is given below
( $200000 x 35% ) + ( $50000 x 30% ) + ( $20000 x 20% )
= $70000 + $15000 + $4000
= $89000
Hence, Using ABC costing administrative cost chargeable to consulting services decreases by ($270000 - $89000)
decreases by $181000
Hence, D. change by an amount other than those listed above.
