Answer:
The correct answer is option B.
Explanation:
The changes in the exchange rate will affect those domestic firms that sell their products in the foreign market or those domestic firms that produce and sell domestically but has foreign companies as competitors.
If the exchange rate falls, the price of domestic firms will decline as compared to imports. This will create more demand for domestic goods.
If the exchange rate increases domestic goods will become costlier and imports will become cheaper. This will increase the demand for imports.
These people are legally required to file tax return.
Greg, who can be claimed as a dependent and earned $12,650 last year.
Erin, who cannot be claimed as a dependent and earned $14,000 last year.
<h3>What is tax return?</h3>
Tax return is a form that is filled by tax payer which contain income, expenses or tax information .
This enable the tax payer to calculate their tax liability, tac expenses or schedule.
Those that can required to file tax return are ;
- A single person Under 65 of ageand income of $12,550
- 65 or older with income $14,250
- Married filing jointly Under 65 (both spouses) $25,100
- 65 or older (one spouse) with income $26,450
- 65 or older (both spouses) with income of $27,800
- Married filing separately Any age $5
- Head of household Under 65 with income of $18,800
- 65 or older with income $20,500
- Qualifying widow(er) Under 65 with income of $25,100.
- 65 or older.
Therefore,
These people are legally required to file tax return.
- Greg, who can be claimed as a dependent and earned $12,650 last year.
- Erin, who cannot be claimed as a dependent and earned $14,000 last year.
For more details on tax return check the link below.
https://brainly.com/question/28504589.
Answer:
Yvonne would have to return the necklace to Rolanda
Explanation:
Yvonne would have to return the necklace to Rolanda after she survived the surgery because it was a gift causa mortis, a gift given in contemplation of impending death. Because Rolanda did not die, Rolanda is entitled to have the necklace returned to her.
Answer:
B) Interest receivable.
Explanation:
Since the note was received one month into its term (July 15 ⇒ August 15), it must be recorded with interest receivable for one month.
This means that Benet will record as interest revenue only three months of interest (August 15 ⇒ September 15 ⇒ October 15 ⇒ November 15), instead of four.
Answer:
The correct answer is In the owners' equity section.
Explanation:
There are two theories to support the methods of integrating financial statements, namely: the theory of the entity and the theory of property.
Entity Theory: This theory is based on the assumption that the consolidated financial statements make sense when it is determined that there is an expanded economic entity in which the shareholders that make up the non-controlling interest also own a portion of the net assets of the consolidated entity (Carvalho, 2006).
In the attempt to eliminate the capital with which the subsidiaries participate in the consolidation, an account of a creditor nature must arise that reflects that part of the assets and liabilities that are not under the control of the holder. In the financial reporting standards, this portion has been called as a Non-controlling Participation, in exchange for its classic Minority Interest name.
Property Theory: This theory assumes that the owners of the parent or controlling entity are interested in making decisions based on the consolidated financial statements referring only to the part of the subsidiaries over which control is had and therefore, it would be undesirable to include in the consolidated information corresponding to third parties. That is, minority interest does not arise in this situation since the third-party owners of the subordinate have no participation in the parent company (Carvalho, 2006). In international financial information standards, this theory is still valid for those cases related to joint control investments in which there are two shareholders and each one has 50% of the entity to be consolidated. (Martínez, 2010).