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3 years ago

He gross domestic product (gdp) of the united states is defined as the

1 answer:

5 0

The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp).
representing 22 percent of nominal global gpd and 17 percent of gross world product (gwd)

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The Occupational Safety and Health Act does not require employers to abide by the regulations and the safety and health standard

aliya0001 [1]

The answer is False

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3 years ago

LO.8, 9 Broadbill Corporation (E & P of $650,000) has 1,000 shares of common stock outstanding. The shares are owned by the

GarryVolchara [31]

Question Continuation

Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.

Tammy and Jeremy are grandmother and grandson.

Answer:

See Explanation Below

Explanation:

Given.

Tammy number of shares = 300

Yvette number of shares = 400

Jeremy number of shares = 300

Each of the shareholders paid $50 per share.

Tammy's Ownership is calculated by; (300+300)/1000

= 600)1000

= 60% ---- before redemption

Tammy's Ownership = (150 + 300)/850

Tammy's ownership = 450/850

Tammy's Ownership = 52.94% ---- after redemption

The constructive ownership of Tammy is more than 80%, this means that the distribution is considered as income to Tammy

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3 years ago

On January 1, 2020, a county government sends out property tax bills in the amount of $100,000,000. Of this amount, $15,000,000

Lesechka [4]

Answer:

B. $12,000,000

Explanation:

Hi there!

At the beginning of 2020 we estimate the credits that will be uncollectible and constitute the allowance for uncollectible.

The journal entry:

Debit Credit

Bad debts expense $15,000,000

Allowance for uncollectible account $15,000,000

During the year $88,000,000 was collected and part of the forecast must be reversed since it was overestimated (remember that it was estimated to collect $85,000,000 from the $ 100,000,000)

The jorunal entry:

Debit Credit

Allowance for uncollectible account $3,000,000

Bad debts expense $3,000,000

Allowance for uncollectible account ledger, December 31 2020

<h3>Allowance for uncollectible account </h3>

Debit Credit

$15,000,000

$3,000,000

$12,000,000

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3 years ago

A graduated payment mortgage allows the buyer to ___.

Tamiku [17]

D. Not have a downpayment.

Due to the nature of the mortgage.

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3 years ago

Read 2 more answers

State two differences between savings and investment

Lana71 [14]

Answer:

Savings: is setting aside money so you dont need to spend your money for anything, only for emergeincies. Investment: is when you are buying stocks or bonds your are making an investment.

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3 years ago

Read 2 more answers