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3 years ago

13

Your apartment gets robbed, and $1,560 worth of your belongings are gone. You have renter's insurance to cover the loss, but you

r deductible is $500. How much will the insurance company pay you for your loss?

1 answer:

Rom4ik [11]3 years ago

5 0

1060 dollars that how much you will have to pay

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Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures fo

LUCKY_DIMON [66]

Answer:c. pierce the corporate veil due to the failure to hold required corporation meetings.

Explanation:Corporation is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity.

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3 years ago

Mike paid $4,000 of interest on a qualified education loan that he used to pay for his dependent son’s college education. How mu

Dmitry [639]

Answer:

$1,250

Explanation:

<u>The cap for student loan in behalf of your son if deductible up to 2,500.</u>

<em />

<em>The requirement are:</em>

qualified loan.

married filing jointly which aren't dependents on someone else's tax return

Income below for married filing jointly: 135,000

Above this, it pahses out gradually until 165,000 dollars.

Therefore, the calculation are as follow:

interest paid: 4,000

cap: 2,500

max deduction: 2,500

according to income:

135,000 -> deduction for 2,500

165,000 -> deduction for 0

Mike and his spouse income: 150,000

150,000 is half way so they can deduct half the amount: 1,250

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4 years ago

Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally

yKpoI14uk [10]

Answer:

A. Expensed when incurred.

Explanation:

An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).

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4 years ago

What does a police car look like

insens350 [35]

This is a police car

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3 years ago

The Pieper Corp. recorded the accrual of a revenue by debiting Accounts Receivable and crediting Unearned Revenue. What is the e

romanna [79]

Answer:

e. Liabilities Net Income

Overstated No Error

Explanation:

Unearned Revenue is a liability account that is used to record revenue that the business has received but not yet earned because the goods and services have not yet been provided. By crediting Accrued revenue to this account, it increases it when it is not supposed to so Liabilities are overstated.

Accrued Revenue go to the Accounts Receivable section of the balance sheet to indicate that the business is owed for goods or services provided and so have nothing to do with Net Income so there is no error there.

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3 years ago