When a recession end,

A customer has purchased 5,000 shares of ABC Corporation stock in lots of 100 shares over an extended period of time at varying

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Answer:

c. IRS rules allow the taxpayer to specify which shares being sold

Explanation:

As eahc method will make the capital gain or loss to differ the Internal Revenue Service leaves to the stockholder to decide the method

The default method is the FIFO method which states the first shares purchased are the first sale but, leaves choise to the stockhodler to use specific identification which, is what the statement correctly points out.

The method are not "required" but allowed as the stockholder see fit.

8 0

3 years ago

A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.

Vlad [161]

Answer:

Budget deficit / Fiscal deficit

Explanation:

At the start of the year, every government prepares a budget e.g. all sources of revenue (direct taxes, indirect taxes, aids etc) and projected expenses are also mentioned (development of society, defense etc.).

When a government spends more than its revenue from taxes so it means that government is running a budget deficit or a fiscal deficit which are covered through fiscal measures by government e.g. increasing taxes or reducing public spending.

8 0

3 years ago

In Charles Dickins' Christmas Carol which grumpy character says 'Bah Humbug'?

Sergio039 [100]

it's Ebenezer Scrooge

5 0

3 years ago

Read 2 more answers

Macroeconomic analysis is concerned with: Group of answer choices government regulation of industry The structure of a market an

Zanzabum

Answer:

The answer is C.

Explanation:

Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.

Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.

Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.

Option B and D are wrong because these are for microeconomics

8 0

3 years ago

On December 31, 2006, Frye Co. has $2,000,000 of short-term notes payable due on February 14, 2007. On February 2, 2007, Frye is

Juli2301 [7.4K]

Answer:

The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is $500,000

Explanation:

The amount of short term notes payable reported as Current liabilities (CL) on December 31, 2006 is computed as:

Amount of short term notes payable = Short term notes payable due on Feb 14 - Borrowed from County Bank

where

Short term notes payable due on Feb 14 is $2,000,000

Borrowed from County Bank is $1,500,000

Putting the values above:

Amount of short term notes payable = $2,000,000 - $1,500,000

Amount of short term notes payable = $500,000

5 0

3 years ago