Answer:
D) Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
Explanation:
If it is well established in a legal document that Sharon lent her son Todd the $60,000 as a interest free loan, then Sarah is able to not recognize any interest income and Todd doesn't have to recognize any interest expense. But if Todd decides to lower his taxable income by recognizing the relevant federal interest rate, then Sharon has to recognize that interest as revenue.
The factor that increase the risk of being underinsured includes:
- non-reviewing of sum insured
- inflation etc
<h3>What is an underinsurance?</h3>
An underinsurance refers to a circumstance of insurance coverage whiuch leaves the policyholder responsible for a large percentage of a total loss.
An underinsurance happens when the sum insured is less than the market value of the property.
In conclusion, the insured is left to borne to loss if any occur.
Read more about underinsurance
<em>brainly.com/question/1083855</em>
Answer:
step 1: confirm/verify observation.
Explanation:
The first step to cutting off a person that has had too much to drink is to confirm or verify the observation. Confirming the observation of asomeone having too much to drink comes from awarenenss of one's surroundings. When it has been verifiied that the person has had too much to drink, you should clamly and tactfully let the individual know tthta he/she will be refused further service.
Cheers.