Answer: B. $65,000
Explanation:
The options to the question are:
A. $15,000
B. $65,000
C. $150,000
D. $200,000
It should be noted that the corporate liquidations of property are typically treated as either an exchange or a sale and the profit or the loss made will be recognized by the corporation usually based on the liquidating sale of the assets of the corporation.
In certain cases whereby the distributee that is, the individual who is entitled to partake in the share of an estate distribution is a corporation that is in charge of the distributing corporation, this may lead to the distribution not to be taxable.
Due to this, Alvo has a basis of $65,000. The reason is that the land was not sold and therefore Alvo did not get $200,000.
<span>Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.</span>
Tax Cuts and Jobs Act is an example of Expansionary fiscal policy because it is a policy of tax cuts and increased government spending on various projects.
Basically, the Tax Cuts & Jobs Act which was enacted under President Donald Trump changed the rate of deductions, depreciation, tax credits and things that affect businesses owners.
- The Tax Cuts & Jobs Act also provide that a tax credit to provided to employers that paid family and medical leave to its employees
Therefore, the Option B is correct because the Expansionary fiscal policy includes policy of tax cuts and increased government spending on various projects.
Read more about Expansionary fiscal policy
<em>brainly.com/question/546292</em>
The combustion happens when the gas hits the spark plugs in the the chamber where the heads are.
Answer:
$6,540
Explanation:
Given:
accounts receivable of $238,000
allowance for uncollectable accounts of $600 (credit)
Also, the allowance for uncollectible accounts should be 3% of accounts receivable.
Therefore the amount of the adjustment for uncollectible accounts would be
= 3% of $238,000 - $600= $(7140-600)= $6,540