As of May 2016, The Department of Human Settlements has delivered more than 4,3 million houses and subsidies since 1994, benefiting more than 20 million South Africans. The Medium Term Strategic Framework sets out their goal of providing over 1,5 million housing opportunities by 2019. They also want to make sure that poor South Africans have access to adequate housing and better living conditions.
Answer:
$1,350
Explanation:
Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.
Where,
Cash Consideration = $8,000
Fair Value of Net Assets Acquired ($6,000 + ) = $6,650
Therefore,
Goodwill = $8,000 - $6,650
= $1,350
When we use the IRS rule which states the standard deduction amount should be greater than $900 or the income earned by the taxpayer for the year in addition with $300 (should not be exceeding the regular standard deduction). Income earned by Toby is $2,897, then add
$300 into it.
The correct standard deduction amount would then be $3,197 ($2,897 +300)=$3197.
Standard deduction is the deduction given by the income tax authorities to the tax payer.
Internal revenue bulletin is the instrument used by the IRS for announcing all the rules.
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Answer:
$8,206,673
Explanation:
The computation of the interest expense that should be recognized in the income statement is shown below:
= Bond issue value × effective rate of interest × given months ÷ number of months
= $328,266,900 × 0.10 × 3 months ÷ 12 months
= $8,206,673
The standard purchase and sale agreement does NOT obligate the seller to deliver the property to the buyer with the seller's hazard insurance in place for up to thirty days after closing.
<h3><u>
What is hazard insurance?</u></h3>
- Hazard insurance often only covers the physical structure of your property. Your homeowners insurance policy's other coverages will provide coverage for further types of damage.
- Hazard insurance doesn't often refer to the protection you receive in the event that an accident results in injuries to you or your guests, which may be covered by liability insurance.
- Actually, lenders are the reason that "hazard insurance" is a commonly used term.
- Since hazard insurance is the only part of a homeowner's insurance policy that is specifically tied to the physical structure of the home, your mortgage loan provider may demand that you have it before they would provide you a loan.
- This could lead to the false impression—which is not true—that hazard insurance can be obtained independently of homeowners insurance.
The seller will deliver the property to the buyer, subject to inspection rights, in the same physical condition as the date of acceptance, maintain the property in the same condition as viewed by the buyer, and deliver the property free of all debris and personal property not included in the sale.
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