Answer:
The deductible interest expense is $22,000.
Explanation:
Margaret Lindley paid $15,000 of interest on her $300,000 acquisition debt for her home (fair market value of $500,000).
She paid $4,000 of interest on her $30,000 home-equity loan.
She also paid $1,000 of credit card interest and $3,000 of margin interest for the purchase of stock.
Margaret Lindley has $10,000 of interest income this year and no investment expenses.
The deductible interest expense
= $15,000 + $4,000 + $3,000
= $22,000
The interest on credit cards is not deductible as it is a personal interest.
An investor claims a prospectus contained an untrue statement. For purposes of bringing a civil suit for liability under Section 12 of the Securities Act of 1933, and claiming damages, the information must have been untrue <u>at the time of sale.</u>
<h3><u>What Is the Securities Act of 1933?</u></h3>
Following the 1929 stock market disaster, the Securities Act of 1933 was developed and enacted into law to safeguard investors. The Act had two main objectives: to establish regulations against deception and fraudulent activity in the securities markets; and to ensure greater transparency in financial statements so that investors may make informed investment decisions.
<u>Securities Exempt from SEC Registration</u>
The Act's registration requirement does not apply to all securities offerings. These incorporate:
- Intrastate products and services
- Limited-size offerings
- Municipal, state, and federal government-issued securities
- Private offerings to a select few people or organizations.
The Securities Act of 1933 also sought to outlaw false statements and deception. The measure aims to end fraud that occurs during the sale of securities.
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Learn more about the Securities Act of 1933 with the help of the given link:
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Answer:
The equivalent units of production for conversion costs are 464,760 units
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (444,600 units × 100%) + (50,400 units × 40%)
= 444,600 units + 20,160 units
= 464,760 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
Answer:
The correct option is (c)
Explanation:
Amortization is the way toward assigning the cost of an intangible resource over its valuable life. Straight-line amortization is one strategy for doing as such.
The method does evaluate the total amount Red may amortize for 2019:
$11,667 [$300,000 × (7 months/180 months)]. The total amount Red should amortize is 11,667$ for the year 2019.
<span>One option a company has for achieving competitive advantage is by out managing rivals in creating a value chain for customers.
A value chain is how a company or organization adds value to a product or service. When value is added, it is more likely a customer will be attracted to your product because they see it for more than just the surface. Creating value and brand awareness are two of the most important ways to sell your products continuously.
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