1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
torisob [31]
3 years ago
9

Zero Corp. is an investment company authorized to issue only common stock. During the last half of the current year, Edward owne

d 450 of the 1,000 outstanding shares of stock in Zero. Zero would not be subject to the personal holding company (PHC) penalty tax if the remaining 550 shares of common stock were owned by:_______.
A) An estate where Edwards is the beneficiary.
B) Edwards's brother-in-law.
C) A partnership where Edwards is not a partner.
D) Edwards's cousin.
Business
2 answers:
Serga [27]3 years ago
7 0

Answer:

C)

Explanation:

Based on the scenario being described it can be said that they would not be subject to this if the common stock were owned by a partnership where Edwards is not a partner. Most likely if the stocks were divided between Fifty-five shareholders who are related neither to each other nor to Edward, in equal lots of 10 shares each.

Ierofanga [76]3 years ago
6 0

Answer:

C

Explanation:

Zero Corp. is an investment company authorized to issue only common stock. During the last half of the current year, Edward owned 450 of the 1,000 outstanding shares of stock in Zero. Zero would not be subject to the personal holding company (PHC) penalty tax if the remaining 550 shares of common stock were owned by a partnership where Edwards is not a partner and also Fifty-five shareholders who are not related ne to each other nor to Edward, that share equal lots of 10 shares each. This being the case.

You might be interested in
Many states have language in their constitutions that requires the state to provide for an "adequate" level of k-12 education sp
Allushta [10]
This will only require tax from our parent or other's because, this is for level of K-12 so it will be tax from people like us. This is what I thought tho.
7 0
3 years ago
A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay
dalvyx [7]

Answer:

$718,400

Explanation:

For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-

Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year

= $218,000 - $204,200

= $13,800

Purchases = Cost of goods sold - Decrease in merchandise

= $738,000 - $13,800

= $724,200

Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year

= $102,000 - $96,200

= $5,800

Cash paid for merchandise = Purchases - Increase in Accounts Payable

= $724,200 - $5,800

= $718,400

6 0
3 years ago
HELP ASAP!!! One suggested certification for this field is Family and Community Services Competency Assessment and
lions [1.4K]
True Often, a career in Family and Community Services may be entered and followed with only certification.
f. What is considered a license, but is not necessarily a degree?
certification
4 0
3 years ago
A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question
SVEN [57.7K]

Answer: Hello below is the complete question

A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question put to each entrepreneur was, "What make of car (U.S., Europe, or Japan) do you drive?" The responses (number in each category) for a sample of 100 entrepreneurs are summarized below. The goal of the analysis is to determine if the proportions of entrepreneurs who drive American, European, and Japanese cars differ.

U.S. Europe Japan

40 35 25

In order to determine whether the true proportions in each response category differ, a one-way chi-square analysis should be conducted. Suppose the p-value for the test was calculated to be p=0.1738 . What is the appropriate conclusion to make when testing at α = 0.10?

Answer : The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

Explanation:

Data given:

p-value = 0.1738

α = 0.10

sample size = 100

U.S cars = 40,      Europe cars = 35,   Japan cars = 25

The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

6 0
3 years ago
A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj
baherus [9]

Answer:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

6 0
3 years ago
Other questions:
  • You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in
    13·1 answer
  • Yan Yan Corp. has a $3,000 par value bond outstanding with a coupon rate of 5.2 percent paid semiannually and 25 years to maturi
    11·1 answer
  • Based on the concept of service blueprinting, what is the "line of visibility?" select one:
    14·1 answer
  • 3
    6·1 answer
  • The money multiplier equalsa.1/(1 R), where R represents the quantity of reserves in the economy. b.1/(1 R), where R represents
    15·1 answer
  • Sales, property, and income are three types of _____.
    9·1 answer
  • Net income was $240,000 for the year. Throughout the year the company had outstanding 12,000 shares of 6%, $50 par value preferr
    15·2 answers
  • Fun fact: The average person walks past a murderer 36 times in their life It's a fun fact because they didn't kill you.
    8·2 answers
  • What's the permanent marker used primarily for marking datums when measuring elevation?
    9·1 answer
  • Which is considered to be a coincident economic indicator? a stock market prices b corporate profits c index of industrial produ
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!