Answer:
Gina must report the $13,000 as income for the current year.
Explanation:
According to the tax benefit rule, any recovered expense ($13,000) must be included as income in the extent at which it resulted in a tax benefit.
Since Gina had a net $16,000 long term capital gains that were offset by her $18,000 loss, the $13,000 will partially replace most of the capital gains that were reduced the previous year.
If none of the aforementioned apply, the corporate veil can be broken.
<h3>When will the corporate veil be removed?</h3>
The respondent superior theory will allow a court to pierce the corporate veil and hold the principle vicariously liable when it finds that a corporation is acting as a shareholder's agent.
<h3>Can shareholders break through the corporate façade?</h3>
Owners, shareholders, or members of a corporation or LLC may be held personally responsible for the debts of the firm if a court is able to pierce the corporate veil. Therefore, in order to pay off the debt owed by the corporation, creditors may seize the owners' residence, bank account, investments, and other assets.
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<span> the equilibrium quantity of day care that is produced will be: </span><span>lower than socially optimal.
Positive externalities under this circumstances refers to the third-party that would be benefited from a certain economic transaction. In adult-day care, the third party is benefited because the people who use the services are not the one that who actually pay for the service</span>
Answer:
Time Value of the Money : This means that the future value of money is lesser than the present value of the money.
Compounding effect: this means that once an interest is accumulated on the principal, then the interest earned for the next period earns the additional interest income on the initial principal and the interest. Over time, this effect can increase wealth tremendously.
Discounting : discounting refers to a selected rate, (that represents the inflation and the cost of capital) used to reduce and adjust the value of future sum or a cash flow to the present value.
Explanation:
Answer:
The definition including its issue is listed throughout the clarification segment section.
Explanation:
- Christian businessman's justification becomes different from the traditional pioneering explanation. Christian groundbreaking purpose is bound up with devotion to and service to God. That businessman would have to be an investigator of righteousness, represent others, and use enterprise mostly as a tool to honor him.
- Those individuals know that a creative corporation needs major responsibilities. And throughout the most part, sufficient data are not available to completely perpetuate preferences. In this way, the Christian budding entrepreneur has been transformed into something like a committed, courageous man, with even a peril based around the conviction.
The Church businessman is drawn to something like an actual situation of competence throughout management, but he characterizes that perhaps the expense of skill would have been unintentional dissatisfaction as well as shortcomings.