Answer:
Explanation:
The alimony given is a tax-deductible expense for the person paying the alimony if a divorce is finalized before 2019 and before Jan 31, 2018.
Alimony payments made for divorce implemented after Jan 31, 2018, are said not to be tax-deductible with regards to the amended law.
Therefore in the scenario presented, Nancy pays alimony to Nathan will be tax-deductible income to him because the divorce was finalized in the year 2016 as it is before Jan 31, 2018.
If they have been divorced and still they continue to stay together during 2016 and 2017, then alimony payments are tax-deductible.
Had it been that they have not filed for divorce, only that they are separated but however still jointly live together, then they both file for tax return jointly or separately together due to the sense that they are considered as a married couple for the entire year.
In a case whereby the couple is divorced in 2019, then alimony payments received are not tax-deductible with regards to the current law.
Answer:
$67,000
Explanation:
Miller$72,000/60%=$ 120,000 loss to eliminate capital
Tyson$72,000/20%=$ 360,000 loss to eliminate capital
Watson$19,000/20%=$ 95,000 loss to eliminate capital
Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance
Hence:
$162,000-$95,000
=$67,000
Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.
<span> Take it off and throw it in a direction directly away from the station
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Answer:
4) Occurs when a corporation sells its stock for more than par or stated value.
Explanation:
When a stock sells at premium it means that its selling price if higher than its par value.
When a corporation sells its stock, the amount equal to par value must be recorded under common stock account, while any additional amount of money received (premium) must be recorded under the paid-in capital in excess of par value account.
For example, the corporation sells 100 stocks at $20 (par value of 10$ per stock)
- Dr Cash account 2,000
- Cr Common Stock account 1,000
- Cr Paid-in Capital in Excess of Par Value account 1,000
The approach suggest that a firm's cost of retained earnings can be estimated by adding a risk premium of 3% to 5% points to the before-tax interest rate on the firm's own long-term debt.
The bond-yield-plus-risk-premium approach does assumes that cost of equity is closely related to the firm's cost of debt.
- The premium approach does help to determine the value of an assetof a company's such as its traded equity.
However, the approach suggest that a firm's cost of retained earnings can be estimated by adding a risk premium of 3% to 5% points to the before-tax interest rate on the firm's own long-term debt.
Read more about the premium approach:
<em>brainly.com/question/20354983</em>