Out of the 485 who ate the same food items, 65 people had fever and diarrhea and five of them were severely affected. If there were 72 cases added based on the laboratory tests, clinically apparent cases will be (65+72) or 137. The ratio of severe cases to other clinically apparent cases was 5/137.
Answer:
No tax penalty will apply with respect to the excess distribution
Explanation:
Data provided in the question:
Age of Justin = 66 years
Qualified medical expenses in 2019 = $6,000
Archer MSA distribution taken during the year = $8,000
Now,
No tax penalty applies to with respect to the excess distribution for an individual whose age is over 65 years on the records.
Here,
The age of Justin is 66 years i.e over 65 years.
hence,
No tax penalty will apply with respect to the excess distribution
Answer:
Law 2
Explanation:
In probability. As bigger the group we are trying to predict , the higher probability to be more accurate
Answer:
Barry Company must recognize a $5,000 gain resulting fro the disposal of the patent.
Explanation:
the patent's book value = acquisition cost - accumulated amortization = $120,000 - $100,000 = $20,000
gain from disposal of patent = selling price - book value = $25,000 - $20,000 = $5,000
Since patents are intangible assets, they are amortized, not depreciated. But accumulated amortization works in the same way as accumulated depreciation, they both reduce the asset's carrying value.
