<span>Individual shareholders will have the right to
receive dividends declared. They can sell their shares and have the right to
purchase issued shares. They can vote on the directors nominated by the board.
They also have the right to the remaining assets after liquidation. </span>
Filling out a tax form is about as much fun as owing taxes to Uncle Sam. The complexity of the task intensifies as your tax life becomes more complicated.
That's why you should use the simplest tax return form you can, especially if you're still filling out your forms by hand.
But choose carefully. There are three personal income tax forms -- 1040, 1040A and 1040EZ -- with each designed to get the appropriate amount of your money to the IRS. Differences in the forms, however, could cost you if you're not paying attention.
The EZ is the shortest and simplest form, Form 1040A is a bit more complex and the long Form 1040 is the most detailed and potentially difficult. But even if your tax life is simple and straightforward, it might be worthwhile to investigate the other two forms. Why? Generally, the longer the form, the more opportunities for tax breaks.
Answer:
Prices increase, C
Explanation:
Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.
Hope this helps
Answer:
The $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition
Explanation:
According to the accounting principles, the inventory is recorded at the cost or fair market value whichever is lower.
The inventory balance which is given in the balance sheet is $75,000
And, its fair market value is $60,000
So, the inventory would be recorded at 60,000
The other items which are given in the question are irrelevant. Therefore, we don't consider them in the computation part. Thus, we ignored them.
Hence, the $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition
Answer:
carryover to 2020 = $2000
Explanation:
given data
gross income = $38,350
long-term capital loss = $5,000
standard deduction = $18,350
age = 35 years old
dependent = 2 children
to find out
How much of Ashley $5,000 capital loss carries over to 2020
solution
we know that here for the individual maximum capital loss deduction is
maximum capital loss deduction = $3000 for household
so that carryover to 2020 will be here
carryover to 2020 = 5000 - 3000 = $2000
